Bank card for business

Why did we create Qred VISA debit card?

“Since we launched in 2015, we have helped more than 25,000 businesses. Our goal is to continually develop ourselves and our business to continue strengthening our offering to help more businesses. Through Visa membership, our product portfolio can be further broadened to suit our customers' everyday needs,” says Emil Sunvisson, CEO at Qred.

The bank card is a credit - if you want to use it!

The reason it's so hard for small businesses to get a bank card with credit is because banks don't want to leave credit to small businesses. And our card is a credit. It's that simple. 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. Therefore, the form of the company can be a decisive factor.

Remember to never shop for money that you are not sure you have in the future, then it is better to save.

Bank card is really 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 from the bank were actually the first solution for Buy Now, Pay Later. Already in 1914 in the United States, the first variant of credit cards saw the light of day.

Solve expense management with Qred

With the card from Qred, you can manage your purchases in a simple way. Save physical receipts digitally directly in the app for easier bookkeeping.

Summary

• Collects all expenses in one place.
• The feature is free and included in our app.
• You can scan receipts and create digital copies.
• Reduces the risk of it going wrong.
• Digital receipts make it easier to manage and archive expenses.
• You save time and money.
• Don't worry about losing receipts.
• Provides you with convenient monthly reports on your purchases that you can easily add to your bookkeeping.
• It's free - the feature automatically accompanies your Qred Visa!

Why should I have a bank card for the company?

Because it is already difficult as it is to keep the private and the corporate separate. Expenses, bookkeeping, invoices and other things dissolve the boundaries between your job and your private finances.

That's not how it should have to be.

With a debit card, you can keep track of your expenses and can make those smaller investments to be able to grow today - and pay later. A common example is a freelancer who is going to photograph or film a wedding and needs a certain piece of equipment. Instead of not being able to take the assignment, risking the outcome of the completed mission or, in the worst case, renting the equipment, this way you can buy the equipment and do what you do best - work.

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 does not affect you as an entrepreneur in Sweden, then basically everyone who accepts card payments in Sweden accepts Visa.
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• Visa prohibits merchants from charging an additional fee for purchases with a Visa card. This is common for cards from American Express and Diners in Sweden, where some merchants have decided to charge an additional fee for purchases with these cards.
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• 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 keep track of the currency deposit placed by the card institution or bank.

• Visa also prohibits merchants from having a minimum amount for card purchases, which can affect kiosks, grocery stores and other businesses where you can buy cheap products.
  
  In addition, Qred does not have an additional charge for purchases abroad.

What is the interest rate on the bank card?

If your company pays the bill on time, there is no interest at all. If, on the other hand, you are unable to pay on time, or decide to postpone the bill, you will start paying interest on that amount. The interest rate is individual for each company and starts at 1.95%.

Bank cards are usually used for small amounts, such as the purchase of small equipment such as cameras, tools, office supplies, etc. Another common use is recurring expenses that require a linked card. This could be, for example, digital services and tools, marketing costs for Facebook Ads or Google Ads.

Business loans are a common alternative and complement to corporate cards

If you do not make very frequent purchases that are linked to your company, but still need smaller amounts to invest in things, a business loan can be a good option. At Qred we offer business loans from SEK 50,000 up to SEK 5 million.

It is also common to have a business credit card for everyday expenses and a loan to invest in inventories, marketing or to cover cash flow during a temporary slump.

Try us out! It is completely free of charge!

You read that right. You can actually test the card completely free of charge. There is no cost to apply or to receive the card in the mailbox.

There is also no extra cost to pay with the card. The only thing that costs anything is if you choose to utilize the credit associated with the card.

However, if you pay the invoice on time every month, there is no extra cost. Just like if you had had a regular debit card where the money is deducted from an account.

Good, right?