- Home
- Fuel cards
- Fuel cards explained
What is a fuel card and how does it work
Fuel cards explained
If you manage a fleet, drive for work, or own a company that relies on vehicles for business, you may have heard of fuel cards. These cards can help to run your business more efficiently, but how do they work? In this article, we explain what fuel cards are and how you can use them to effectively manage your fleet and finances.
What is a fuel card?
A fuel cards is a payment card for businesses of all sizes - from sole traders and smaller companies operating with just one or two vehicles, to larger enterprises managing fleets. Fuel cards enable businesses to pay for fuel and vehicle related products, whilst keeping record of all payments on the business’ account.
Radius offers fuel cards in Singapore through the Shell network. Each card provides full visibility and control of your fuel spending, helping you track usage, manage costs, and simplify reporting for your business.
Each fuel cards is protected by its own unique PIN number known only to the user of the card. A stolen card cannot be used to purchase fuel without this number, adding an extra layer of security to your fuel purchase.
Typically, fuel cards are used by companies to manage fleets, although self-employed contractors with high fuel needs can also benefit from a fuel card.
How do fuel cards work?
The way fuel cards work is simple. Your driver pays for their fuel as usual, and all company fuel cards transaction data is automatically compiled into a monthly tax-compliant invoice. Radius take the payment for your fuel every month via direct debit.
Business owners and fleet managers can view all transactions made on their company’s fuel cards at any time using their online account. Vehicle trackers from Radius are also an excellent way to manage and report on fuel efficiency within businesses and can also be added to your account.
Using fuel cards for your business
First, head over to the e-route station finder map to find your nearest Shell Fuel station. Once arrived, use your Shell Fuel card and simply enter your PIN number to authorize the transaction. Then refuel your vehicle as usual.
The purchase will then be added to the company invoice. Using fuel cards in this way allows employees to purchase fuel without using personal cards and claiming expenses and reduces the paperwork for drivers and administration teams.
The managing company can then access an online login to view the monthly invoice. This invoice displays details such as the cost of the fuel and the card that was used to make the purchase.
How to set up a fuel card
Whether you operate heavy trucks, taxis or other business vehicles, your fuel requirements will be unique to your company. That’s where we can help. To find a fuel card that’s right for you, complete our quick and easy fuel card form to inform us of your needs. Radius will then be in contact to set up your account. Shortly after your application is accepted, your fuel cards will be sent out in the post.
Getting the most from fuel cards
If your company operates a fleet, a large amount of management time will be taken up with paperwork and organising fuel charges. A fuel card compiles these aspects into one easily manageable invoice every month, drastically reducing the time and money you spend managing fuel payments and expenses claims.
Managing your account online
Radius offers online access to your fuel card information and invoices online. Radius Velocity gives you a single login to use for your fuel card administration purposes, cutting out the need to keep track of multiple logins and invoices. Once logged in, you can view all your fuel cards information, run reports on fuel use and costs, and download tax-compliant invoices to simplify your tax filing.
Frequently asked questions
Can’t find an answer to your question? Click here to contact us. We’re here to help you with any questions or concerns you may have.
Need help?
Can’t find what you are looking for?
The customer support team at Radius has a global reach with over 52 offices to offer local contact with an international presence. Let us know how we can help.
