Fuel Card For Truckers
F2 Fuel Card | (Formally the TAFS Elite Fuel Card)
DISCOUNT FUEL CARD PROGRAM
Now you can get excited about fuel prices! Discount fuel cards work as a major asset to your trucking business and make a huge impact for owner-operators. The largest expense in the trucking industry is diesel fuel, by a landslide. In fact, the cost of diesel fuel purchases accounts for almost 40% of the total expenses associated with owning a trucking company. Statistics have shown that truck drivers with just one commercial truck can consume more than $70,000 per year in diesel fuel. Discounts off the cash price at the pump mean that you can take a significant percentage off your diesel fuel costs.
Not all fuel programs are created equal though. Some offer bigger fuel savings than others and restrict you to only fueling at certain travel centers with a more average savings. Some fuel cards work in your favor with other features and benefits that can help you run your business more efficiently. Choosing the right gas card is an important decision for your business.
In addition to factoring, TAFS has the F2 fuel card which is one of the top fuel cards in the industry because of its key partnerships that allow for some fantastic diesel fuel discounts and other rebates. Now smaller fleets can get the discounts usually reserved for larger fleets.
Here is how the F2 Card can lower costs and take your operation to the next level:
Fuel Purchasing Solution
- Fleet-sized discounts off the cash price.
- Fuel at a variety of different truck stops, from large to small with great discounts. The almost 2,000 discounted fuel stations include, but are not limited to, TA, Petro Stopping Centers, TA Express, 7-Eleven, Speedway, Stripes, the Ambest network and Road Ranger.
- The mobile-friendly FleetAdvance App. You can utilize the FleetAdvance Fuel Finder to view a map that displays all of the discounted locations in the F2 Card Network with current pricing. The FleetAdvance Fuel Finder will help you find the best prices along your route or the best prices within a specified distance from your current location.
- You can apply for a line of credit similar to a credit card like Mastercard or use a prepaid option.
- If you pump diesel, you can use this card. No authority or factoring contract required.
Total Control
- Set spending limits for gas stations in real-time and customize each driver’s account/card with spending controls
- Best in class purchase and financial controls
- Superior fraud prevention management tools
- Online account management
- No more check-cutting and/or petty cash for your drivers
- Driver/Vehicle customized reporting
- Easy IFTA tax reporting data
Mobile Access
- Use the F2 Fuel app to find the lowest fuel prices along your route at over 2,000 locations, helping you save even more on every trip.
- 24/7 online and mobile app card management systems access
- Mobile fuel finder: With the FleetAdvance App this fuel finding tool can show you live pricing at all the discounted stops around you, and can even help find the best price along your route.
- Monitor transactions and provide instant overrides
- View rejected transactions for proactive behavior coaching
- Issue or void MoneyCodes in real-time
- Driver mobile smartphone access
TAFS Full-Service Benefits
TAFS offers more than just fuel savings. Take advantage of our full suite of services, including business loans, truck and trailer leasing, and tire discounts to keep your operations running smoothly.
New Connect Option (Credit/Debit Card Integration)
Link your credit or debit card to your F2 Fuel Card and enjoy seamless fuel payments at over 2,000 locations. No need to open a new line of credit—simply swipe and drive away while earning rewards through your existing bank or credit card program.
- No Impact on Credit:
- With the F2 Connect option, there’s no need for hard credit checks. Maintain your credit health while accessing the benefits of fleet-sized discounts.
- Fleet Management & Monitoring:
- Easily manage your fuel expenses with 24/7 access to monitoring tools. Control transactions, provide instant overrides, and track your fleet’s fuel usage with ease.
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More About Fuel
Owning a fuel card as an owner-operator can benefit your trucking company in a variety of ways. Reduce your fuel spend, easily load advances to fleet cards for your drivers to use, or even get a line of credit to pay for fuel expenses in advance of that next load.
Premium Fuel Discounts:
By owning a fuel card, you never have to worry about paying full price for fuel. Selecting the right fuel card program that allows you access to freight lanes that fit your company’s needs will maximize the opportunities for your trucking company. For example, depending on what fuel card you have, some networks promise huge discounts but only at certain travel centers. You may get a 12 cent per gallon discount at one store, but then a significantly lower discount at another store. That is why it’s important to do research and find a fuel card program that will give you access to travel centers in areas you frequent. Many travel centers are regional and restrict your ability to plan fuel stops in different parts of the country. Make sure to get one that meets your travel needs. It is also important to inquire about the additional fees some networks will charge users to utilize the fuel card. By knowing upfront what travel centers you have access to, what discount you are receiving and what additional fees like transaction fees are included, you can decide which fuel card program will benefit your company the most.
Bonus! Many travel centers have a reward program and/or mobile app that gives you access to parking spaces, showers and discounts. Need a repair? Some programs also offer discounts on maintenance, repairs and tires to cut costs on fleet management services.
Pre Pay or Line of Credit?
There are two different options when it comes to setting up your fuel card: prepaid or a line of credit. Having a set prepaid amount on your fuel card to spend is a common option for owner-operators. Most factoring companies even offer fuel cards, so that you can get advanced faster by adding the invoice advanced amount onto your fuel card.
Another choice is to apply for a line of credit. This way you don’t have to worry about putting money on your fuel card, you are set up with a line of credit to use, based on what you qualify for.
More Control over Your Costs
A fuel card can offer you more control as an owner. You can use it as a solution for payroll, per diems, fuel advances and expense reimbursement. If you have truckers working for your company, it allows you to track transaction activity and block or advance each driver’s individual account. This allows you more transparency of your operation costs and minimizes the risk of an owner being taken advantage of. No more check writing or petty cash, your drivers can access their advances via an ATM, or sometimes even from a mobile app. You can also use this data for IFTA (International Fuel Tax Agreement) tax reports to keep your small business in check with legal requirements.
A fuel management program is a must-have for every owner-operator. Whether it provides you with fuel discounts or gives you the flexibility to advance your driver’s fuel card at their next stop, there are countless benefits your trucking company can reap by owning one. Just make sure to select a fuel card provider that fits your business needs.
Apply now of if you have any further questions on which are the best fuel cards for you, give one of our TAFS experts a call. 913-392-9763