Factoring 101: Fuel Discount Programs | Apex Capital Blog

Factoring 101: Fuel Discount Programs

by Apex Capital | July 30, 2013

Fuel card programs for trucking companies will often tout their great fuel, service and tire savings.  However, what you see is not always what you get.  A lot of programs are advertised as very inexpensive, or even free, but you can end up paying unexpected fees on everything from calling customer service to setting up your card.

Here are what we found the average fuel program costs vs the Apex Fuel Card Program.

Average Fuel Program

Apex Fuel Program

  • Transaction fees
$0 to $5

$1.50

  • Cash advance fee with fuel
$0 to $5

$0

  • Cash advance fee without fuel
$1 to $20

$2

  • Check transaction fees
$2 to $9 per $500

$2 per $1500

  • Monthly maintenance fee
$0 to $6

$0

  • Account management fee
$0 to $50

$0

  • Cost of calling customer service or accounting
$0.50 to $2.50

$0

  • Other requirements – set up fees, minimum monthly gallon quotas, capped discounts
$50 to $100+

$0

 

It’s our goal to help trucking companies grow and succeed. Learn more about our Fuel Card Program and sign up today!

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