woman holding card in car red

Fuel cards

Manage fuel expenses, simplify reporting and enjoy discounts on your vehicle expenses.

Petrol purchases can make up a massive part of your personal and business' everyday expenses, so many of us are constantly on the lookout for fuel discounts and ways to simplify how we manage these costs. This is where a fuel card could help you, your business and your fleet.

How do fuel cards work?

Fuel cards work the same way as a regular credit or debit card where you swipe your card at the pump or inside the service station to pay for fuel and/or other available products and services. This means that all of your business fuel costs can be tracked under a single account. Unlike other cards, these will usually only work at petrol stations and any available partners. If you are looking for a prepaid fuel gift card or voucher, check out finder's fuel gift cards page.

Fuel Card Offer

Caltex StarCard

Receive up to 10,000 bonus points

Offer ends 30 June 2018

Eligibility criteria, terms and conditions, fees and charges apply

Fuel Card Offer

The Caltex StarCard lets you enjoy discounts on your fuel spending. Plus, earn up to 10,000 bonus Qantas Points when you meet the spend requirement.

  • Receive 2,000 bonus Qantas Points per month when you spend at least $150 each month for the first 5 months (up to a maximum of 10,000 bonus points).
  • Save up to 4 cents per litre on fuel.
  • Get a complimentary membership to Qantas Business Rewards, saving you $89.50.
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Compare featured fuel cards and business credit cards that earn points on fuel

Rates last updated May 27th, 2018
Name Product Card Type Annual fee Additional Cardholder Fee Rewards Program Product Description
Caltex StarCard
Fuel
$35.40 p.a.
Qantas Business Rewards
Minimise your monthly fuel expenses, save up to 4 cents per litre and collect Qantas Points on eligible business purchases with this charge card.
American Express Platinum Edge Credit Card
American Express
$195 p.a.
$0
Membership Rewards
Receive 2.00 Rewards Points per $1 spent at major petrol stations in Australia, plus a $200 Travel Credit every year.
Citi Signature Credit Card
Visa
$199 p.a. annual fee for the first year ($395 p.a. thereafter)
$0
Citi Rewards Program
Receive 1.50 reward Points per $1 spent at major petrol stations, supermarkets and national retailers. Plus, bonus reward Points.
David Jones American Express
American Express
$99 p.a.
$0 for the first year, then $29 p.a.
Membership Rewards
Get 3.00 Rewards Points per $1 spent at major petrol stations and supermarkets. Choose to convert 1 Reward point to 0.75 Qantas Points.

Compare up to 4 providers

You can use fuel cards to pay for petrol, store products, maintenance and more from partnered fuel stations with an easy swipe of your card, usually for a discounted price. Fuel card discounts typically take the form of X cents per litre off premium fuels, Y cents per litre off regular petrol or diesel, and Z% off certain products at partnered stores. Some fuel cards allow you to earn rewards or frequent flyer points that can later be redeemed for travel and lifestyle rewards. The savings, rewards, features and management will vary from card to card, so make sure you compare a few options to find one that offers you the most value for your money.

Types of fuel cards

  • Business fuel cards. These generally cater to small and medium-sized businesses. Aside from petrol savings, business fuel cards are attractive because they simplify accounting for business car costs thanks to monthly ATO-approved statements. Additionally, these cards save drivers from using a company credit card or their personal credit card and expensing for regular fuel purchases.
  • Fleet fuel cards. Similar to business fuel cards, fleet fuel cards are useful for businesses with larger vehicle fleets. They help with budgeting and fuel efficiency and can usually access petrol discounts at different fuel brand stations.
  • Individual fuel cards. This type of fuel card is designed for the regular consumer and it offers cashless convenience and card security on top of petrol discounts.
  • Prepaid fuel gift cards. These types of gift cards or vouchers are available for individual or business use to pay for petrol and convenience goods. They do not extend any credit and must be paid for in full upon purchase.

How to compare fuel cards in Australia

Here are some of the factors to consider when comparing fuel cards:

  • The brand. Where do you usually buy your petrol? If you’re loyal to a specific brand, it’s wise to see if it has its own fuel card to ensure it aligns with your spending habits. For instance, a Coles shopper would likely benefit from the Coles-Shell partnership.
  • Single brand vs multi-brand. If you have no brand preference but would rather shop for the lowest-priced fuel at any time, a fuel card offering access to multiple fuel brand stations could be the better option for you.
  • Locations. When researching fuel cards and the stations where you can use them, location should factor into your comparison, particularly for long-haul interstate drivers.
  • Rewards. Choose a loyalty program with attractive rewards that you’d actually use. For instance, if you are already an active Qantas Frequent Flyer member, you might wish to consider the Caltex StarCard that’s linked to the Qantas Business Rewards program.
  • Credit vs charge. Most fuel cards are charge cards that do not offer a revolving line of credit. There are, however, credit cards that offer rewards points or savings on fuel.
  • Fees. Fuel cards typically charge a monthly fee per card, but there are also no-fee fuel cards that can offer greater savings.

petrol station silver car

Why choose a fuel card over regular credit card?

  • Control and expense management. Some fuel cards let you impose spending limits on the card and select what can be paid for with the card.
  • Reporting. Especially useful for businesses, fuel cards come with monthly reports that consolidate all your vehicle expenses into one statement. This reduces accounting work and cost, and simplifies tax reporting.
  • Non-fuel partners. Some fuel cards also provide other non-fuel benefits with its network of partners, including car washes, mechanical work and warranty servicing.

Pros & cons

Pros

  • Convenience. Apart from being cashless, you can usually manage your fuel card account online to view your account details and transactions.
  • Savings. The discounts you’ll receive on an everyday expense can amount to significant savings over time.
  • Rewards. Maximise your rewards by earning points on fuel and vehicle expenses.
  • Control and budgeting. Fuel cards can be very helpful for reducing costs and helping you stay within your budget.
  • Invoicing. With fuel costs clearly documented the statement, there is no need to go through receipts to determine the correct amount for reimbursement.

Cons

  • Brand confinement. Getting a brand-specific fuel card may limit you to only using that brand and not shopping for the lowest-priced petrol.
  • Fees. The cost of your fuel card should not outweigh its financial benefits.
  • Other foregone rewards. Exclusively using a fuel card for your vehicle expenses means sacrificing other reward points that you could be earning on a higher-earning rewards credit card.
Fuel cards can be an attractive option if you spend a lot on fuel or own a company with a large fleet of vehicles. There is no one best fuel card, so when considering which fuel card to choose, make sure to research and compare all available options before deciding on the right one for you, your business or your fleet.

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4 Responses

  1. Default Gravatar
    angelaMarch 23, 2018

    I would like to apply for an individual fuel card for my teenage son who is a uni student – not a fleet or company card – and link it to my credit card . I can’t seem to find such a card for sale? Are such fuel cards for personal/private use available?

    • Staff
      MayMarch 25, 2018Staff

      Hi Angela,

      Thanks for your inquiry.

      There are fuel cards for individual issued by fuel companies like Caltex and Shell. Whilst I cannot recommend a specific individual fuel card to you, there’s a guide on this page that you can review about fuel cards available in Australia. If you’ve chosen the card that you think will work for your son, please contact the provider’s website directly and apply from there.

      Hope this helps.

      Cheers,
      May

  2. Default Gravatar
    SarahJanuary 29, 2018

    What type of fuel card is suited for 1 vehicle to track fuel for business and manage fuel budget

    • Staff
      HaroldFebruary 12, 2018Staff

      Hi Sarah,

      Thank you for your inquiry.

      You may consider business fuel card for this purpose. You can check your options on this page. Fuel cards can help you easily track all of your business fuel costs. Moreover, they provide consolidated monthly statements that are ATO-approved for easy tax and accounting purposes. On top of that, some cards will earn you points. You can check our guide on this page for the list of these cards.

      I hope this information has helped.

      Cheers,
      Harold

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