There is no way that we will be able to lead lives without fuel. It is one of the biggest expenses on a monthly basis. There is a reason why people opt for fuel-efficient vehicles. It is not because of the concern that they have for nature or anything of that sort. It is purely because of the fact that it will save a considerable amount of money in the long run. One of the things that people do to reduce fuel expenses is to use fuel cards. In this article, we will see in detail the tips to choose the right domestic fuel cards and business fuel cards.
Reward caps
One of the first things that you will have to consider is the reward caps. Note whether the card that you are choosing has limited rewards. There are some caps that are per quarter, and at the same time, there are some that are per year. According to the statistical data, the average household spends almost 500 dollars per quarter. Before choosing the card, make sure that you have a clear picture of your fuel expenses and then choose the card.
Redemption value
There are a lot of misconceptions when it comes to redemption value. People should understand there is a difference between the points offered by the cards and the percentage of the redemption. If a card is offering three points purchase, it does not mean that it has three percentage reward value. If you combine a particular number of points, it will account to a penny. Once you have accumulated a certain number of points, it can be redeemed. So when you are choosing the fuel card, make sure that you have a good redemption value.
Pump or gas stations
For almost all the cards there are higher points for gas station purchases. It can be applied to any of the purchases from the service stations. It includes the items from the continence store and also car washes. There are good possibilities that some of might have seen or even used the cards that have mentioned that the rewards points that are accumulated are only for paying at the gas pump services. If that is a case, the reward points can be only used to purchase fuel. If you are a person who uses vehicles extensively, then these kinds of cards will help you.
Membership requirement
There are some cards that will ask for membership for joining. The membership can cost you some dollars, and you might have to go through certain procedures. For example, are certain credit cards that will demand you to join the credit unions. In some cases, you have to pay a certain amount as a membership fee to warehouse clubs. The above mentioned are very rare cases. Most reliable and well know companies do not ask you to do anything of that sort.