Qred FI review

The annual fee is €0, so there is no yearly charge for holding it, which puts it among the cheapest brands in the annual fee ranking. The card is meant for business customers, and any extra cards beyond the free allocation are billed monthly as listed in Up to 45 days interest free period on card use, Free card for up to three employees, EUR 4.90 per month per additional card and 1% payment benefit on card purchases.

The currency conversion fee is 2%. That sits close to the credit card median of 2% and below the 5% found at the top of the range, so euro spending costs the least.

Yes, the perks list an interest free period on card use, plus a payment benefit on card purchases, as set out in Up to 45 days interest free period on card use, Free card for up to three employees, EUR 4.90 per month per additional card and 1% payment benefit on card purchases. Clearing the balance in full inside that period keeps interest off the spending, and the €0 annual fee means carrying the card adds nothing on its own.

The rewards type is none, so company spending earns no cashback, points or mileage. Cards with no rewards make up 23% of the credit card ranking, so this is a common choice. The value here sits in the free extras and interest free period in Up to 45 days interest free period on card use, Free card for up to three employees, EUR 4.90 per month per additional card and 1% payment benefit on card purchases instead.

The card is issued by Qred Bank AB, based in Sweden, and supervised there by the Swedish Financial Supervisory Authority. It is a credit card for business customers, so spending is paid back on the card statement rather than taken straight from a current account.

Support runs on chat, email and phone, which covers chat, email, phone and a help centre. Phone and chat reach a person without waiting on an email reply, and the help centre covers card limits and statement questions before spending.

The audience is business, so the card suits companies paying suppliers, software subscriptions and travel by card. The interest free period in Up to 45 days interest free period on card use, Free card for up to three employees, EUR 4.90 per month per additional card and 1% payment benefit on card purchases helps a firm that clears the balance each month. Consumers after a personal card or points will find neither here.