Why did we create a credit card for entrepreneurs?
"Since we launched in 2015, we've helped more than 25,000 businesses. Our goal is to constantly develop ourselves and our business to continue to strengthen our offering to help more businesses. The Visa membership will further broaden our product portfolio to fit the everyday needs of our customers," says Emil Sunvisson, CEO of Qred."
Pay bills and invoices with a credit card
Use Qred Visa to pay suppliers and other invoices with your Qred credit card. There is no cost to obtain and use the card, as long as you pay your balance on time each month. No monthly or annual fee, with up to 45 interest-free days.
Credit cards are a credit
The reason why it is so difficult for small businesses to get a business card with credit is that banks do not want to give credit to small businesses. And a credit card is a credit. It's as simple as that. The big banks want to make money on fees and not have to take risks. Unfortunately, the risks are highest when companies are at their lowest or are start-ups. That's why the type of company can be a decisive factor.
Remember never to spend money that you are not sure you will have in the future, it is better to save.
Credit cards are actually the first solution for BNPL - Buy Now, Pay Later
It is only in recent years that people have started talking about BNPL, but credit cards were actually the first solution for Buy Now, Pay Later. As early as 1914 in the United States, the first version of the credit card saw the light of day.
The difference between Visa and Mastercard?
General differences between Visa and Mastercard are:
- Mastercard has slightly better international coverage and is accepted by more merchants than Visa. Although this figure doesn't affect you as a business owner in Sweden, as virtually everyone who accepts card payments in Sweden accepts Visa.
- Visa prohibits merchants from charging an additional fee for purchases made with a Visa card. This is common practice for American Express and Diners cards in Sweden, where some merchants have decided to charge an additional fee for purchases made with these cards.
- Visa also bans merchants from having a minimum amount for card purchases, which could affect kiosks, grocery stores and other businesses where you can buy cheap products.
- Mastercard has a slightly better exchange rate than Visa. However, it is so marginal that it is more important for you as a cardholder to be aware of the currency surcharge applied by the card issuer or bank.
In addition, Qred does not have an additional fee for purchases abroad.
Try us out! It's completely free!
You read that right. You can actually test the credit card for free. It costs nothing to apply or to get the card in your mailbox.
There is also no extra charge for paying with the card. The only cost is if you choose to use the credit linked to the card.
However, if you pay your bill on time every month, there is no extra charge. Just as if you had a regular debit card where the money is withdrawn from an account.