If you travel often for work, you’re probably spending plenty of time at the pump. And road warriors are always looking to leverage their gas bills, whether that means earning cash back or a lower price per gallon with their business credit cards. If that sounds like you, an ExxonMobil business credit card might help offset your company’s gas bills every month.
The three ExxonMobil business credit card options provide entrepreneurs with a range of benefits that make it less painful to visit the gas station. (Some of them can even make filling up a joy.) ExxonMobil business credit cards help your small business save money, earn points, and even keep tabs on the purchasing patterns of your employees.
Each ExxonMobil business credit card is tailored toward businesses of different sizes. We’ll walk you through each option, ranging from the introductory-level card all the way up to the card designed to manage vehicle fleets for a medium-sized business.
Why Choose a Business Gas Credit Card?
Between inventory, rent, payroll, and utilities, it’s not always easy to control the expenses that come with running a company. Gas purchases are no exception, particularly as gas prices fluctuate often. Changes in the price of gas can make it tricky to plan for future expenses, which means that companies that require tons of travel by car or truck often have a large variable cost on their books every month.
But an ExxonMobil business credit card, much like any fuel card, can at least help small business owners pay for gas while getting some kind of reward in return. Price discounts can help offset some costs, even if prices change often. Plus, some cards offer valuable insights into employees’ driving patterns, as well as data on vehicles that may be getting poor gas mileage based on how often they need to refuel.
But gas credit cards don’t just offer perks at the pump. Several offer cash back rewards just like their non gas-specific counterparts to give you the best of both worlds. You may not have all of the same benefits that come with other kinds of business credit cards (such as airline miles), certainly, but the tradeoff is worth it if your company relies on keeping its fleet fueled.
What Each ExxonMobil Business Credit Card Offers
Each of the three ExxonMobil business credit card options come with features that cater to a variety of businesses and industries, from small-scale enterprises to larger companies that have to account for several automobiles and drivers.
Here are the three ExxonMobil business credit cards and what each of them has to offer:
Option 1: ExxonMobil Business
The ExxonMobil Business card is the entry-level option, which carries no annual or per-card fees. You can choose to pay your balance in part or in full every month—this option provides you with greater financial flexibility if your business has lean months or seasonal fluctuations in revenue. Each statement separates fuel and non-fuel charges, making it easier to track your gas spending and your other expenses, as well.
Note that the ExxonMobil Business card is light on perks and features compared to some of their other cards. You won’t get a discount on ExxonMobil gas or points for your purchases. But you will set up your company with a credit history if this is your first card, and you’ll be able to monitor your gas purchases more easily every month.
Option 2: ExxonMobil Business Fleet
The ExxonMobil Business Fleet card is where the perks of a business gas credit card kick in. To start, this card provides you with a $0.06 per gallon savings when you refuel at participating gas stations.
Small business owners with two or more vehicles can benefit from this card’s analytic features, which help monitor gas spending, fleet efficiency, and the number of times that employees have to gas up their vehicles. You can also limit unauthorized purchases, reduce paperwork and receipt reconciliation, and track your drivers’ spending habits.
All of these features can help you keep your fuel costs down and make it easier for you to track general monthly expenses. Best of all, there’s no annual fee for this card.
Option 3: ExxonMobil Fleet National
Finally, the ExxonMobil Fleet National card is designed for maximum flexibility, driver insights, and details about your company’s spending patterns on gas.
This ExxonMobil business credit card is accepted at 90% of all the company’s fueling stations across the United States and offers the same spending management features as the ExxonMobil Business Fleet card. But in addition to these features, the ExxonMobil Fleet National card gives you details on exactly when and where your drivers are filling up, the number of gallons they’re purchasing, which employees are making purchases, and the mileage of each vehicle being refueled. Plus, this card can help you track miles per gallon to make sure your fleet is operating as efficiently as possible.
How to Pick the Right ExxonMobil Business Credit Card
There are several perks that set ExxonMobil business credit cards apart, as well as a few logistical considerations that might make a certain ExxonMobil business credit card a better fit for your company than the others.
Here are a few factors you may want to consider when determining which card is right for you—or before applying for an ExxonMobil business credit card at all.
1. The Size of Your Company’s Fleet
Since each ExxonMobil business credit card offers a different level of support, it’s likely that every card isn’t a perfect fit for your business. After all, the needs of a solo entrepreneur are pretty different than that of a small business with several employees and automobiles.
Therefore, it’s important to pick a card that will give you the support you need without the features you don’t. You may not need a card with a ton of fleet management features if you don’t operate more than one or two vehicles.
2. Your Credit Score
As great as it is to save money on gas purchases every month, there might be better options out there for you if your credit is in great shape. For example, the ExxonMobil Business card has a much lower credit requirement than other, more feature-rich cards. You might be leaving valuable perks on the table if you pick this card but qualify for other options that offer better benefits.
Before applying, check to see if your credit is on par with the requirements of each card. If your credit is better or worse than the card requires, weigh your options accordingly.
3. ExxonMobil Locations Near You
The biggest (and perhaps most obvious) consideration to make before applying for an ExxonMobil business credit card is whether or not your company is near (or your drivers pass by) ExxonMobil locations. You won’t get any of the membership perks if you refuel at other gas stations, of course, so you’ll want to make sure that one of these cards is a practical option for you.
ExxonMobil Business Credit Card Alternatives
ExxonMobil business credit cards might be right for you if you’re a frequent driver and have several ExxonMobil gas stations near your business. But that doesn’t mean that these cards are right for everyone. In fact, there are several business credit cards that offer gas-related perks, as well as other benefits that go beyond the pump.
Here are a couple of alternatives worth considering, particularly if you want to maximize your purchasing power:
Blue Business Cash Credit Card from American Express
The American Express Blue Business Cash Credit Card is a far better option than any of the ExxonMobil business credit cards for well-qualified applicants. With this no-fee card, you have plenty of opportunities to earn valuable cash back since you’ll get 2% back on the first $50,000 in eligible purchases you spend each year, then 1% after.
And at 12 months, this card carries one of the longest 0% intro APR periods on the market. After your 12 interest-free months are up, though, a variable APR sets in at a rate depending on your creditworthiness. This rate will also vary with the market, so you’ll have to check the issuer’s terms and conditions for the latest APR information.
Chase Ink Business Cash℠ Credit Card
Rewards on gas purchases are just one of the perks you’ll get with the Chase Ink Business Cash Credit Card.
Right off the bat, you’ll earn $500 if you spend $3,000 within the first three months of opening your account. You’ll also get a 0% introductory APR period for 12 months, after which a standard APR will kick in. As always, you’ll need to check the issuer’s terms and conditions for the latest APR information.
Even after the signup bonus has ended, you can earn:
- 5% cash back per dollar spent on office supplies, landline and mobile phone service, and cable TV subscriptions, for up to the first $25,000 spent annually
- 2% cash back on every dollar spent annually on gas and restaurants, also up to $25,000
- 1% on all other purchases
And as an added bonus, this card requires no annual fee to use.
Is the ExxonMobil Business Credit Card Right for You?
It’s vital to make sure you’re putting your everyday expenses to work for you, whether or not an ExxonMobil business credit card is the best option for your business.
The best thing you can do is determine which business credit card can maximize your spending habits, and take advantage of your credit score in exchange for the benefits that come with each card you qualify for. Be sure to do your homework and pick a card that helps you grow your business (and ease the burden on that gas bill).