Factoring

Factoring

How to use your TruckSmarter digital fuel card

  • Updated

The TruckSmarter digital fuel card provides you with a quick and easy way to pay for fuel at partner truck stops on the TruckSmarter Fuel network. Read on to learn more!

1. Viewing your digital fuel card

2. Selecting your digital fuel card as your payment method

3. Making a payment

4. Payment complete

Balance period

Minimum balance to book fuel

Digital fuel card discount

What are the fees associated with the digital fuel card?

What can I use the digital card funds for?

Disclosures

 

1. Viewing your digital fuel card

You can view your digital fuel card by navigating to the Factoring tab and opening the Banking menu. Scroll down to the section titled Digital fuel card and tap open the card. From this menu you can check your available balance, see your next due date and make payments, view past transactions, and search for fuel stations to reserve fuel discounts. In the example below, we can see that we have $2,000 to use towards our fuel purchases.

⛽ If you have not used TruckSmarter Fuel before, please read How to use Fuel.

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2. Selecting your digital fuel card as your payment method

When you begin your fuel reservation, you can change your payment method to the digital fuel card by tapping the Change button and selecting the Digital fuel card payment method accordingly. When ready, click the Reserve fuel code button to receive a code. After fueling up at the pump, you will be able to review your fuel receipt. Continuing our example, we have spent $398 on fuel using our TruckSmarter digital fuel card.

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3. Making a payment

Now that we have spent $389 of our $2,000 available dollars, our digital fuel card's available balance has been decreased to $1,602. We can now make a payment using our TruckSmarter Checking Account to pay the outstanding amount. If necessary, you can tap the Add money button to transfer more funds into your account.

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4. Payment complete

After entering in the payment amount ($398) and tapping Confirm payment, we can see that our digital fuel card has returned to the maximum available balance of $2,000.

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Balance period

The billing cycle for the digital fuel card is from Wednesday 8AM Eastern Time until the following Wednesday at 8AM Eastern Time. Payments for the weekly cycle are due by 8PM Eastern Time on Wednesdays so you have at least a 12 hour buffer between any fuel purchase and your repayment being due. Be sure to submit your payments through the TruckSmarter mobile app to avoid any late fees.

 

Minimum balance to book fuel

The minimum digital fuel card balance required to book fuel is $400 except for fuel stations that allow you to lower your gallon limit. To learn more about setting a gallon limit, please see the How to use Fuel article.

 

Digital fuel card discount

Note that the digital fuel card provides the exact same discount as your TruckSmarter Checking Account!

 

What are the fees associated with the digital fuel card?

There are two fees that are associated with the digital fuel card:

  1. A monthly subscription fee of $8.00 for access to the credit line and services. This fee is waived for the first month so you can try it before deciding if you are willing to pay.
  2. A late payment fee of $75.00 if your balance remains unpaid at the end of a billing cycle.

Please review your signed Line of Credit Agreement for further details.

 

What can I use the digital card funds for?

Available credit may be only used to make fuel purchases through the TruckSmarter Fuel program. Be sure to select your digital fuel card when completing the fuel reservation. Available credit is not eligible to be used in association with your TruckSmarter debit card.

 

Disclosures

The TruckSmarter Visa debit card is issued by Thread Bank and Blue Ridge Bank, Members FDIC, pursuant to a license from [Visa U.S.A. Inc.] and may be used anywhere Visa cards are accepted.