Fleet cards are a type of payment card that allows businesses to manage expenses associated with the vehicles they operate known as their fleet.
Fleet cards are commonly used by trucking companies as well as those that provide delivery and ridesharing services.
Businesses apply for fleet cards to give to their drivers to use instead of using their personal cards. The card issuer will bill the company directly for all uses rather then the employee submitting expense reports saving time and money.
In this article, we’ll review everything you need to know about this card.
Finally, you can get the information you need to decide if the Esso and Mobil Business Fleet Card is a good fit for your business.
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Features and Benefits
The features and benefits of the Esso and Mobil Business Fleet Card include no annual fee, expense tracking, fuel discounts, linked accounts, many locations for fuelling up, and being the right fit for big fleets. We’ll cover these in detail now.
No Annual Fee
When it comes to the Fleet card fees, there’s no annual fee. As a business owner who has many costs already, this can be a big benefit for you. This also demonstrates that the card is a good choice compared to others, as many cards have an annual fee.
But the benefits of the Esso and Mobil Business Fleet Card don’t stop there. Another one is the expense tracking feature. With this feature, you can find out how much money is being spent where and when with the use of online, handy tracking tools.
This will make running your business much easier, as you won’t have to ask your employees to track their gas-related expenses.
Another benefit you get with this card is fuel discounts. Based on the volume of the gas that you purchase with the card, you can get significant discounts. This is helpful if your employees on your fleet are often fueling up.
It’s possible with this card to link it to Esso extra points. Over time, this means that your drivers will be able to build up points through these linked accounts, saving your business even more money over time on gas costs.
Many Locations for Fueling Up
There are also many locations where you can fuel up. As a result, you can take advantage of many of the benefits that come with using the Esso and Mobil Business Fleet Card in a large number of areas, so your fleet can cover Canada far and wide.
The Right Fit for Big Fleets
If you run a big fleet at your business, then the Esso and Mobile Business Fleet Card is a great choice. This is because the more gas you buy, the greater your savings will be. Additionally, the security features and card limitation options are useful for big fleets.
Rates and Fees
When it comes to the Fleet card fees, these include $25.00 a request for Reproduced Reports, $15.00 an hour for the General Research Fee, $50.00 per each return for the NSF Fee (Returned Payment Fee), and $35.00 for each instance of the Account Activation Fee.
Note that the Account Activation Fee isn’t applicable when it comes to consumer accounts. Additionally, when it comes to the fee for Expedited Shipping, this cost can vary.
As for rates, there’s a monthly finance rate of 2.00% that you might be charged if your payment is not posted and received by the due date of the payment invoice.
How to Get the Esso and Mobile Business Fleet Card
When it comes to how to get the Esso and Mobile Business Fleet Card, you have to ensure that you are eligible for the card. Then, you can apply for the card. We’ll review these steps now so you can know if it’s possible for you and how to apply.
There are two eligibility requirements you have to meet to apply for this card. First of all, you have to be a permanent resident of Canada or a Canadian citizen who is 18 years old or older. Second, you have to operate or own a small business within Canada.
How to Apply
To apply, you first have to go to the Esso website and start your application. Read through the content of the Disclosure Statement and then click on “Accept & Continue.” When completing the application, provide information that includes your email address, and name.
Some additional information you must provide includes income information, your social insurance number, and your birth date. Then, review your application and submit it.
Earning and Redeeming Points
With this card, there are different ways you can earn and redeem your points. We’ll first review how you can earn these points, and then we’ll review how you can redeem them. This way you can know how to complete these actions if you get the card.
How to Earn Points
To earn the PC Optimum program points, you can earn points at both Mobil and Esso stations. For every liter of fuel you buy, you’ll earn 10 points. As for car wash purchases and those that are eligible convenience store ones, you’ll earn 10 points for every dollar you spend at Esso stations.
How to Redeem Points
To redeem your points, you can go to Shoppers Drug Mart locations and Loblaw banner stores. Additionally, at Spend Your Points events, you can redeem your points and get even more value than you would on a different day.
How Does It Compare to Other Top Competitors?
Esso and Mobil Business Fleet Card
- Earn fuel discounts based on volume
- Know when, where, and how much is purchased on each card
- Mitigate unauthorized spending by managing card controls on purchase types and transaction limits
- 24/7 monitoring to help identify fraud or card misuse plus 24/7 customer service
Petro-Canada Speed Pass™
- There are no monthly or annual account fees.
- Set custom restrictions on fuel- and non-fuel-related purchases
- Assign security PINs by type of card
- Receive immediate notification of unusual transactions with exception monitoring
- Manage your fleet with drivers’ odometer readings with each fuel purchase
- Instantly manage, suspend, or cancel cards 24/7 with SuperPass Online
- Access over 30 useful reports
- Get statements with the details you care about
- Schedule daily, weekly or monthly reports
- Send reports through email to automated distribution lists
- Save time by reducing data entry
Shell Fleet Plus™
- Access to over 1,400 Shell and Shell Flying J Stations
- Fraud alerts, odometer prompts and driver ID validation for added security
- Up to 32% off car washes at participating locations
- Dedicated account manager and 24/7 customer service
- Get AIR MILES©† Reward Miles
- 10% Jiffy Lube discount
- Access your online account anywhere, anytime with SmartHub, our free mobile app
- Up to 10% off select services, labour, parts and tires at Point S locations
Pros and Cons
The Esso and Mobil Business Fleet Card has its advantages and disadvantages as covered below:
When it comes to the pros and cons of the Esso and Mobil Business Fleet Card, the pros are that there isn’t an annual fee, you can easily track expenses with the expense tracking feature, you can get fuel discounts, and linked accounts make it easy to earn points.
As for the cons, one of these is that there aren’t any actual rewards. You won’t get rewards points or cash back, even though you can link this card to an Esso Extra loyalty card.
There also aren’t many benefits. Some basic benefits you won’t get include travel insurance, extended warranty coverage, and purchase protection.
There also isn’t fraud protection available. On the website, Zero Liability Protection isn’t mentioned. This means that if someone were to make fraudulent purchases on your card, you could end up being held accountable.
According to customers, the detail tracking program and fuel discounts are benefits that many small business owners get. Customers who are satisfied with this card regularly go to Esso for their fuel needs and enjoy how easy it is to get points with the Speedpass key tag.
However, some users don’t like the fact that there aren’t many basic benefits such as rewards points, cashback, an offer of extended warranty coverage, or purchase protection.
Additionally, some small business owners feel that the benefits of the card are more accessible to larger business owners with larger fleets.
However, considering that there’s no fee for this card, they still use it in case they end up pumping fuel at an Esso location.
Need More Information?
Now that you’ve learned about the Esso and Mobil Business Fleet Card, you might need more information. Maybe you want to learn about other similar cards and how to apply for them. Or maybe you want to learn about other ways you can make smart financial decisions regarding your business.
Whatever information you need, we can help. At Insurdinary, we’re experts when it comes to business credit cards and other financial options for business.
We’re a financial comparison platform that can help you. To learn more about how we can help you, contact Insurdinary now.