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ExxonMobil Business Cards Review

ExxonMobil Business Cards Review

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This article was last updated Mar 26, 2020. Terms and conditions may have changed. For the most accurate information, please consult the issuer website.

If you’re a small business owner looking for a credit card to manage fuel purchases, or if you run a larger business and want a card to manage gas spending for your fleet, you might be considering one of ExxonMobil’s three business credit cards.

Let’s take a look at each card, break down what it offers, and also examine a couple other business cards that offer competitive cashback rewards for gas station spending.

ExxonMobil Business

The ExxonMobil Business is the most basic option of ExxonMobil’s three business credit card offerings. If your business vehicles fill up at Exxon and Mobil gas stations frequently, and you’re looking for a card with a $0 annual fee to put those purchases on, the ExxonMobil Business could be a helpful tool to manage those expenses.

With the ExxonMobil Business card, you can choose to revolve a balance or pay in full. You can view itemized statements that show transactions by card, which is helpful for reviewing employee spending. Plus, your statements will also break down fuel versus non-fuel purchases.

Beyond these tools, there aren’t any rewards or extra benefits to speak of. This is a basic card — it can give you a tool to manage your spending, but don’t expect discounts or rewards.

If your business meets any of the following criteria, ExxonMobil allows you to apply for an account with business-only liability: a government entity, a nonprofit organization or a corporation in business for at least three years with more than $1 million in annual sales. Applicants who don’t meet any of those criteria must apply with joint and several liability.

The type of liability your card comes with affects who is ultimately responsible for what’s charged to the card. Note that many small business cards require personal liability, which essentially means that the business owner is responsible for guaranteeing that the debt will be repaid.

The ExxonMobil Business is issued by Citi. Employee cards are free. The regular purchase APR is 24.00% variable.

ExxonMobil Business Fleet

For business owners looking to get a discount on fuel, the ExxonMobil Business Fleet offers the ability to save up to 6 cents per gallon. at Exxon and Mobil gas stations with this $0 annual fee card.

The discount is based on gallons purchased per billing period. Here’s the breakdown:

  • 1 cent per gallon off for purchases less than 500 gallons.
  • 3 cents per gallon off for purchases of 500 to 3,999 gallons.
  • 4 cents per gallon off for purchases of 4,000 to 6,999 gallons.
  • 5 cents per gallon off for purchases of 7,000 to 9,999 gallons.
  • 6 cents per gallon off for purchases of 10,000 gallons or more.

This card also offers tools that track and limit spending, with functions for:

  • Reviewing when and where drivers are filling up.
  • Checking driver names to see who’s making the purchases.
  • Tracking the number of gallons purchased and fuel costs.
  • Confirming vehicle mileage with every fill-up.
  • Using miles-per-gallon reporting to identify inefficiencies.
  • Review the details of service and non-fuel purchases.

Plus, you can set restrictions on purchase types, and set limits for transactions, gallons and dollar amounts. The ExxonMobil Business Fleet is issued by WEX Bank.

ExxonMobil Fleet National

If you need a business gas card that’s accepted at more locations than the previous two cards, the ExxonMobil Fleet National card might be the right fit for your business. It’s accepted at more than 90% of retail fueling stations in the United States, according to exxon.com — that’s helpful in case your business requires you to travel on occasion to locations without Exxon or Mobil gas stations nearby. In addition, like the ExxonMobil Business Fleet, the ExxonMobil Fleet National is also issued by WEX Bank and comes with the same spend tracking and limiting tools.

Other business gas cards to consider

Bank of America® Business Advantage Cash Rewards Mastercard® credit card

  • 3% cash back on your choice of one of the following six categories: gas stations (default), office supply stores, travel, TV/telecom & wireless, computer services or business consulting services, 2% cash back on dining (for the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter) and 1% cash back on all other purchases.

  • $300 statement credit when you make at least $3,000 in net purchases within 90 days of your account opening

  • Redeem rewards for cash back or apply them to your bank account

Highlights
  • Get a $300 statement credit when you make at least $3,000 in net purchases within 90 days of your account opening – with no annual fee and cash rewards don't expire.
  • Earn 3% cash back in the category of your choice, 2% cash back on dining and unlimited 1% cash back on all other purchases.
  • You'll get 3% and 2% cash back on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter.
  • 0% Introductory APR on purchases for your first 9 billing cycles.
  • Redeem your cash rewards as a statement credit, check, or have cash deposited into a Bank of America® checking or savings account.
  • Get 75% more cash back on every purchase when you’re a Preferred Rewards for Business Platinum Honors tier member. That means you will earn 5.25% on your selected choice category, 3.5% on dining and unlimited 1.75% cash back on all other purchases.

See additional details for Bank of America® Business Advantage Cash Rewards Mastercard® credit card

More Info

The Bank of American Business Advantage Cash Rewards card offers a flexible rewards structure where you can earn 3% cash back on your choice of one of the following six categories: gas stations (default), office supply stores, travel, TV/telecom & wireless, computer services or business consulting services, 2% cash back on dining (for the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter) and 1% cash back on all other purchases.

The card’s annual fee is $0. Benefits include:

  • Travel accident insurance
  • Auto rental insurance
  • Emergency ticket replacement
  • Lost luggage assistance

The sign-up bonus is a $300 statement credit when you make at least $3,000 in net purchases within 90 days of your account opening.

Ink Business Cash℠ Credit Card

  • 0% for 12 Months

  • $500 bonus cash back

  • Earn 5% cash back in select business categories

Highlights
  • Earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening
  • Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year
  • Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year
  • Earn 1% cash back on all other card purchases with no limit to the amount you can earn
  • 0% introductory APR for 12 months on purchases
  • Employee cards at no additional cost
  • No Annual Fee

See additional details for Ink Business Cash℠ Credit Card

More Info

The highest rewards rate on this card is on office supplies and on internet, cable and phone services, but it also does offer a competitive rate on gas and dining. Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year. Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other card purchases with no limit to the amount you can earn.

This card is issued by Chase. Its annual fee is $0 and employee cards are free. Benefits include:

  • Purchase protection on new purchases for 120 days against damage or theft.
  • Extended warranty protection that adds a year to warranties of three years or less.
  • An auto damage collision damage waiver that provides primary coverage.
  • Travel and emergency assistance services.
  • Roadside dispatch.

There’s also a sign-up bonus where you can earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening.

Is an ExxonMobil business card right for you?

For business owners looking to manage and track employee spending on gas and perhaps earn a discount on each gallon of fuel purchased, getting one of the ExxonMobil business credit cards could be a smart decision. They offer useful tools to help you manage expenses and make sure company dollars are being spent wisely.

Read: The Best Small Business Credit Cards

However, for business owners looking to earn cash back, the Bank of America® Business Advantage Cash Rewards Mastercard® credit card or the Ink Business Cash℠ Credit Card might be better options.


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