Innovative fuel card saves money and cuts on admin

Close Brothers Asset Finance’s innovative fuel card cuts fuel costs for small and medium-sized UK businesses (SMEs).

In partnership with UK Fuels, Close Brothers offers a uniquely discounted fuel card with a price based on the collective usage of all participants in the scheme.

It has been designed to help SMEs achieve a substantial saving on what is usually their largest monthly expenditure.

It can be used in over 20,000 petrol stations across both the UK and Europe and users can also take advantage of UK Fuels’ online account management portal and smartphone app.

Customers who choose to participate in the scheme are not required to pay upfront usage or closing fees, in what is believed to be the only product with this type of structure on the market.

In addition, there is no lock-in period – therefore no commitment to remain in the scheme for a predetermined period.

John Fawcett, divisional MD of transport at Close Brothers Asset Finance, says: “Fuel costs are a significant and rising cost for many businesses and can be complex and time consuming to manage.

“With customers being able to use the fuel card at thousands of filling station across the UK and Europe, this means drivers don’t have to plan ahead when thinking about re-fuelling.

“We wanted to create an added value service to make our customers’ largest monthly cost both cheaper and easier to manage.”