If you're looking for a way to more effectively budget for fuel costs, a prepaid fuel card may be worth considering. They are also ideal for young drivers, rewards for superstar employees, or individuals on your gift list for that upcoming special occasion.
Prepaid Fuel Options for Individuals
There are several prepaid fuel card options, including reloadable cards and single-use gift cards. Options include:
Shell Refillable Card
The Shell Refillable Card can be purchased in $1 increments for any amount ranging from $10 to $300. Shell Refillable Cards are ideal for young drivers, students or anyone who is looking to be more efficient with the management of their fuel expenditures. Furthermore, they can be used on gasoline and an assortment of other goods and services sold at Shell gas stations. Beyond a shipping charge of $2.95, there are no fees associated with this card.
However, these cards can only be used at participating Shell locations throughout the United States. This can be problematic for individuals who reside in or frequently travel to cities where Shell stations are not present. You should also know that lost or stolen cards cannot be replaced in most instances.
Speedy Cash Fuel Card
Speedy Cash Fuel Cards valued at $10, $25, $50, $75, $100 and $150, make the perfect gift for any special occasion. They are also a great way to get a better handle on your gas budget, and can be used at Speedway and Rich Oil locations across the United States.
These cards are reloadable, but the funds can be added only in the same amounts that are available for purchase. Lost or stolen cards cannot be replaced, even if a balance still remains on the card.
Visit Speedway's website to purchase your Cash Fuel Card. Before selecting a card, keep in mind that a $3.95 shipping fee will be applied at checkout. However, there is no fee to use the card.
Prepaid Gift Cards- SVM Cards
SVM, which is a leading gift card management company, offers gas gift cards from a number of major brands. These cards never expire and can be used towards both goods and services at participating locations. To explore your options or make a purchase, you can call 800-972-7481 or visit the website. A standard shipping fee of $2.95 will apply (with the exception of bulk orders over $150). Cards purchased by phone or online are subject to a 3.95% processing and compliance fee. To avoid fees, purchase SVM cards in a grocery store that carries gift cards. (When purchased in-store, the processing and compliance fee will not apply). Available brands include:
76 Gift Card
BP Gift Card
ChevronTexaco Gift Card
Chevron Gift Card
Circle K Gift Card
Conoco Gift Card
ExxonMobil Gift Card
Gulf Gift Card
Petro-Canada Gift Card
Phillips 66 Gift Card
Shell Gift Card
Sinclair Oil Gift Card
Speedway Gift Card
Sunoco Gift Card
Texaco Gift Card
Other Fuel Gift Card Options
If you prefer to purchase a prepaid fuel card with no fees or expiration date, a gift card from QT QuikTrip, Marathon, Wawa or Murphy USA is a viable option. These can all be purchased in the corresponding brand's retail locations. Some can be ordered online.
Prepaid Fuel Cards for Businesses
There are also a free prepaid fuel cards designed to meet business needs. Options include:
Pex Prepaid Gas Card
The Pex Prepaid Gas Card caters to both small business owners and large companies with fleets. These cards facilitate the management of fuel expenditures and come with an assortment of benefits. Features include:
Real-time expense tracking
Flexible use options (that can be controlled by management)
Ability to set spending limits, regardless of the balance on the card
Around-the-clock reload capabilities from a mobile device or desktop computer
Free card replacement
You should be mindful of the fees that accompany Pex Prepaid Gas Cards. There is a 60-day trial period, but a one time set up fee of $49.95 applies. Each card is also subject to a monthly fee of $7.50 unless your expenditures exceed $50,000 per month. Unfortunately, these fees could easily become burdensome for small businesses with minimal cash flow.
To apply for consideration, complete the online form, call (877) 211-9710, or email customer service at firstname.lastname@example.org.
Bento Prepaid Debit MasterCard
The Bento reloadable gas or prepaid fuel card can be used to purchase gasoline at any location that accepts MasterCard. As a business owner, you will have the ability to activate or deactivate the card in an instant. You can also enable purchases in other categories, beyond fuel, implement spending thresholds and withdraw cash from the card.
There are no fees to establish an account, but you will need to provide a bank account that will serve as the primary funding source when applying. Furthermore, there are four tiers of membership you should be aware of:
- $20 per month for up to two cards or users
- $29 per month for up to 10 cards or users
- $69 per month for up to 20 cards or users
- $149 per month for over 40 cards or users
Fortunately, there is a 60-day trial period, so you can test drive Bento before committing. Complete the online form to inquire about a free trial for your business. You can also call 866-220-8455 or chat with an online representative for further assistance or to learn more about what Bento has to offer.
Verify Terms and Conditions
Although prepaid fuel cards may be a viable alternative to gas credit cards, be sure to read the cardholder agreement before making a purchase. In some instances, the fees and limitations associated with the card may outweigh the benefits.