The fleet credit card is ideal for businesses with an established credit history that want to consolidate fuel expenses onto a single bill. The prepaid fleet card, on the other hand, is designed for businesses with a fixed budget or those seeking strict control over spending per driver without the need for a credit check.
The American Petroleum fleet card is available in two formats: credit and prepaid (reloadable, like a debit card).
What Is a Fleet Card and What Is It Used For?
A fleet card is a tool designed to simplify the management of fuel and operating expenses for companies with commercial vehicles and work fleets. Companies use it to:
- Control spending per driver and vehicle, reducing the need to handle physical receipts and simplifying expense reconciliation.
- Optimize fleet management through detailed billing with the credit option or by tracking the available balance with the prepaid option.
- Simplify the management of operational purchases by centralizing expenses related to fuel and other authorized products within a single tool.
Comparison: Credit-Based vs. Prepaid Fleet Card
| Feature | Credit-Based Fleet Card | Prepaid Fleet Card (Cash) |
| How It Works | Usage is consolidated into a daily invoice that includes all charges for that day, from all stations and cards. | An available balance is assigned and used as purchases are made. |
| Billing | Daily invoice with a consolidated summary. | Spending is deducted from the account’s available balance. |
| Payment Method | Payment according to the terms established for the account. | Pre-deposit of funds to use the card. |
| Application Requirements | Subject to evaluation and requirements established based on the type of business and the account requested. | No credit check required; requirements may vary depending on the account configuration. |
| Ideal for | Businesses with established operations seeking to consolidate expenses and manage fuel billing. | Businesses seeking to allocate specific budgets and maintain greater control over fuel consumption. |
| Top-up | Not applicable. | Allows for top-ups based on operational needs. |
| Consumption Management | Depends on the limits and controls established for the account. | Fuel consumption is limited to the available balance. |
When to Choose the Credit Card?
It may be convenient for companies seeking to consolidate their fuel expenses into a single daily invoice and gain greater visibility for managing their operations. This option can be tailored to businesses with an established cash flow that prefer to manage their payments on credit terms, subject to evaluation and applicable requirements.
When to Choose the Prepaid Card?
It may be considered for companies seeking to maintain greater budgetary control over fuel consumption through an available balance. Since no credit assessment is required, this alternative allows you to manage spending according to the amount assigned to each card, which facilitates fuel planning in line with operational needs.
Where can the American Petroleum fleet card be used?
| Area | Stations |
| North (10 stations) | American Algarrobo, Vega Baja American Bajuras, Vega Alta American Ave. Betances, Vega Alta American Doraville, Dorado American Campanilla, Toa Baja American Candelaria, Toa Baja American Toa Ville, Toa Baja American Palo Seco, Cataño American Guaraguao, Bayamón American Piñas, Toa Alta |
| West (1 station) | American Jobos, Isabela |
| South (1 station) | American Mercedita, Ponce |
How to Apply for the American Petroleum Fleet Card
Fleet Credit Card:
- Contact your account representative or call (787) 794-1985.
- Provide the applicant’s and company’s information.
- Complete the credit check and sign the contract.
- Receive the cards assigned to each driver or vehicle.
Prepaid Fleet Card:
- Faster process, no credit check required.
- Select the number of cards and make the initial deposit.
- Once the application is processed and the initial deposit is made, the activation and delivery of the cards will be arranged.
Your fleet, your control: discover the new digital system
With the new digital fleet card system, American Petroleum simplifies account management, payments, and billing through a platform designed to centralize operational information.
This tool reduces the need to handle physical receipts and allows for more organized tracking of fuel expenses.
The platform allows you to:
- View account information, invoices, and payments all in one place.
- Receive notifications when prepaid card balances are low, making it easier to plan top-ups.
- Streamline expense reconciliation and fleet management, reducing the manual processes associated with fuel management.
With this new digital tool, companies can manage their fleet cards more efficiently and maintain greater visibility into their operating expenses.
To receive more information, learn about the available options, or evaluate the plan that best suits your operation, call (787) 794-1985, email info@americanpetroleumpr.com, or contact your account representative.
Frequently Asked Questions About the Fleet Card
Can the fleet card be used to purchase lubricants or retail products?
No. The fleet card can be used for authorized purchases of fuel and other products, according to the terms established for the account. To find out which products are applicable to your operation, contact American Petroleum at (787) 794-1985.
How many cards can I have on my account?
The number of cards is determined based on your fleet’s needs, the number of drivers or vehicles, and the account terms. The American Petroleum team can advise you on the most appropriate setup for your operation.
What happens if the prepaid card runs out of balance?
You will receive notifications when the card balance gets low. To continue using the card, you will need to recharge the balance in accordance with the terms and conditions established for the account.
Can any company apply for the card?
Yes. Any company can apply for a fleet card. The credit option is subject to evaluation and approval in accordance with applicable requirements, while the prepaid option does not require a credit check.
Does the credit card have any additional fees or charges?
For details on the fees, terms, and requirements applicable to the credit option, please contact American Petroleum directly at (787) 794-1985.