Update: So before I got a chance to call them this morning to cancel my account, a rep called to let me know I was approved and the details of my account. I expressed my concerns to him and he told me that account fees are based on the account type. I have a Net 12 account (which is cool because I like to PIF immediately) and Net 12 accounts don't incur that $10 fee. Then I asked about the $30 fee I read about by another member on these forums. He said that fee varies with usage and is based on the national average price of gas. If you purchase gas at a price below the national average, it charges enough to offset that cost, from my understanding. I hope he was honest about everything, I will scrutinize the terms and fees fine print when the cards arrive. If everything checks out, I will keep the account open. I was told they do report to business bureaus, I will be sure to verify that myself as well.
Original post:
It hasn’t arrived yet, but I don’t like the fact that there are so many hidden fees. The rep who completed my application did not mention the $10 monthly account fee (unless getting 5000+ gallons which I won’t be) though it is minimally listed on the website ... then I just read about a $30 fee if gas is less than $3.25/gal 👀 ... don’t know what other fees there may be but I prefer to stick with fee-free options.
Original post:
It hasn’t arrived yet, but I don’t like the fact that there are so many hidden fees. The rep who completed my application did not mention the $10 monthly account fee (unless getting 5000+ gallons which I won’t be) though it is minimally listed on the website ... then I just read about a $30 fee if gas is less than $3.25/gal 👀 ... don’t know what other fees there may be but I prefer to stick with fee-free options.
@idolimage
How do you like the Fuelman card? Are there any fees with that one? I always thought they were the same company as BP.
How do you like the Fuelman card? Are there any fees with that one? I always thought they were the same company as BP.
Update: This account may be worth keeping. I just spoke with a representative about my concerns and he assured me that certain accounts (including mine) are no-fee while others do get charged a fee, depending on the terms of the account. I will verify this information once my cards arrive. All I know at the moment is that Net 12 accounts do not incur a monthly fee.
Can anyone else verify this? Or any data points for their other net terms?
Can anyone else verify this? Or any data points for their other net terms?
I am on the Arco Business Solutions MC (Fleetcor) and the terms are almost identical to what I've read for other Fleetcor or Comdata users. I will be hitting my second cycle (Net 14) in a few days, I will let you know if any fees come up. So far, no fees associated other than fuel costs. Edit: Spoke a little too soon. My second statement closes tomorrow and I noticed that there is a $10 increase on my "current balance" with no transaction associated with it.
@Anonymous wrote:
@CashBackQueen wrote:
Update: So before I got a chance to call them this morning to cancel my account, a rep called to let me know I was approved and the details of my account. I expressed my concerns to him and he told me that account fees are based on the account type. I have a Net 12 account (which is cool because I like to PIF immediately) and Net 12 accounts don't incur that $10 fee. Then I asked about the $30 fee I read about by another member on these forums. He said that fee varies with usage and is based on the national average price of gas. If you purchase gas at a price below the national average, it charges enough to offset that cost, from my understanding. I hope he was honest about everything, I will scrutinize the terms and fees fine print when the cards arrive. If everything checks out, I will keep the account open. I was told they do report to business bureaus, I will be sure to verify that myself as well.
Original post:
It hasn’t arrived yet, but I don’t like the fact that there are so many hidden fees. The rep who completed my application did not mention the $10 monthly account fee (unless getting 5000+ gallons which I won’t be) though it is minimally listed on the website ... then I just read about a $30 fee if gas is less than $3.25/gal 👀 ... don’t know what other fees there may be but I prefer to stick with fee-free options.With all due respect... IMO those terms are unacceptable, especially with other options available to build business credit or pay for your business fuel needs...
I agree, which is why I closed my account earlier this year.
We are going to close our ComData "Builder pro" MC and likely our Fuelman Advantage. We now have better no fee gas cards and the fees on the ComData MC are insane. On that card, the terms are terrible with fees, tricky Net 12 due dates etc. You have to be so careful with due dates that fall on weekends as they will nail you with a 25% late fee if you inadvertantly schedule a payment for a weekend day. The ComData MC stopped reporting to EX in 2017 and still shows a $600 balance. I don't think that effects my score but it bothers me.
