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Qred FI review

Updated September 28, 2026 · DebitCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Qred FI suits companies that want a virtual Visa credit card with no monthly charge and no annual charge. The trade-off is currency and cash: a conversion fee of 2% and no free ATM withdrawals sit against a monthly fee of €0.

Key facts

Best for
A business that wants a virtual credit card with no standing charge and mostly domestic card spending.
Monthly fee
€0 (Source, checked September 26, 2026)
Currency conversion fee
2% (Source, checked September 26, 2026)
Free ATM withdrawals
€0 (Source, checked September 26, 2026)
Card type
Virtual (Source, checked September 26, 2026)
Cashback rate
1% (Source, checked September 26, 2026)
Card network
Visa (Source, checked September 26, 2026)
Legal entity
Qred Bank Oy (Source, checked September 26, 2026)
Headquarters
Sweden (Source, checked September 26, 2026)
Founded
2015 (Source, checked September 26, 2026)
Support channels
Email, Chat, Phone, Help-centre (Source, checked September 26, 2026)
Features
Virtual card, Travel
Audience
Business
Official website
qred.com

Credit cards

Annual fee
€0 (Source, checked September 26, 2026)
Currency conversion fee
2% (Source, checked September 26, 2026)
Rewards type
None (Source, checked September 26, 2026)
Perks
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, 1% payment benefit on card purchases, Free replacement of an expired card, EUR 10 if the card is lost or stolen, Free e-invoice and email invoice, EUR 5 paper invoice (Source, checked September 26, 2026)
Card kind
Credit (Source, checked September 26, 2026)
Legal entity
Qred Bank Oy (Source, checked September 26, 2026)
Headquarters
Sweden (Source, checked September 26, 2026)
Founded
2015 (Source, checked September 26, 2026)
Support channels
Email, Chat, Phone, Help-centre (Source, checked September 26, 2026)
Pricing model
No annual fee
Features
Virtual card, Travel
Audience
Business

Apps and profiles

Get the app
Google Play
Elsewhere
TrustpilotLinkedIn

Pros and cons

Pros

  • The card is virtual (virtual) and runs on the Visa network (visa), aimed at business users, with travel among its features.
  • Support runs on email, chat and phone, so phone and chat sit alongside email and a help centre.
  • Qred Bank Oy (Qred Bank Oy) is supervised by Finansinspektionen (Swedish Financial Supervisory Authority) in Sweden.

Cons

  • The currency conversion fee of 2% sits at 160 of 259 on our data, so foreign spend is the weak point.
  • Free ATM withdrawals are not included: the free withdrawal allowance is €0.
  • Additional cards cost a monthly fee each once the free allocation runs out, while paper invoices cost extra and e-invoices are included.
Qred FI

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Scored 8.9 / 10 by DebitCue.

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Who it suits

  • Businesses paying staff and suppliers with a virtual card and no standing monthly charge.
  • Companies whose card spending sits mostly in a single market, so the conversion fee rarely applies.
  • Teams buying company travel who work from a virtual card instead of a plastic one.

Who should look elsewhere

  • Not for reward hunters: Qred FI lists its rewards as none, so weigh it against HSBC Classic Credit Card.
  • Not for readers after a different card model: Monzo Flex has a monthly fee of £0, the same standing charge.
  • Not for cash-heavy travel: the free withdrawal allowance is €0 and the conversion fee is 2%.

Fees and FX

Qred FI's business credit card carries a monthly fee of €0 and a currency conversion fee of 2%. The monthly charge is the easy part, because the conversion fee is what adds cost to foreign spend. Each additional card is charged separately, so a team on several cards pays more than the headline monthly fee suggests.

How it compares on our data

Among the brands ranked on this site, Qred FI's monthly fee of €0 places it 1 of 419 on that measure. The currency conversion fee of 2% ranks 160 of 259, and the free ATM withdrawal allowance ranks 41 of 115. Costs look light in the monthly column and heavier in foreign spend or at the cash machine.

How Qred FI compares

Where Qred FI is available

Available
Belgium, Denmark, Finland, Germany, Netherlands, Norway, Sweden
Licence in Sweden
Finansinspektionen (Swedish Financial Supervisory Authority), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does Qred FI cost each month?+

The monthly fee is €0 and the annual fee is €0, so there is no standing charge to keep the card open. Each extra card for a staff member carries its own monthly fee, and a lost or stolen card brings a charge.

How much does spending in another currency cost?+

Card purchases abroad carry a conversion fee of 2%, which ranks 160 of 259 on our data. A business paying overseas suppliers every month pays that on each transaction, so Qred FI suits companies whose card spending sits in a single market.

Can I take out cash without paying?+

Free ATM withdrawals are not part of this card: the free withdrawal allowance is €0, and the brand ranks 41 of 115 on that measure. Staff who withdraw local currency on arrival pay for the cash rather than getting it included.

Is the card physical or virtual?+

The card is virtual (virtual) and runs on the Visa network (visa), issued to a business rather than a personal account. That suits a company adding a card to expense tools and travel bookings without ordering plastic, and travel is listed among the features (virtual card and travel).

What do I get back on card spending?+

Card purchases carry a payment benefit of 1%, and the rewards type is listed as none. There is no points or miles scheme to convert, so the payment benefit is the main return on spend, alongside e-invoices at no charge and a fee for paper invoices.

Who is behind Qred FI and how do I get help?+

The provider is Qred Bank Oy (Qred Bank Oy) in Sweden, supervised by Finansinspektionen (Swedish Financial Supervisory Authority). Support runs on email, chat and phone, so a business can reach the team by email, chat, phone or the help centre.

Sources

  • qred.fi checked September 26, 2026

    Backs: Legal entity, Card network, Support channels

    “Qred Bank Oy, Finnish branch, business ID 2868615-5”

  • qred.fi/luottokortti-hinnasto checked September 26, 2026

    Backs: Annual fee, Free ATM withdrawals, Card kind, Currency conversion fee, Pricing model, Monthly fee, Perks, Rewards type

    “Hinnasto - Qred VISA: Vuosimaksu 0 EUR”

  • qred.fi/luottokortti-yritykselle checked September 26, 2026

    Backs: Audience, Card type, Cashback rate, Features

    “Qred VISA is a credit card designed for the needs of small businesses”

  • qred.fi/qredista checked September 26, 2026

    Backs: Founded, Headquarters, Licences

    “Qred was founded in 2015 by entrepreneurs”

Compiled from 4 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Protection.

Qred FI

Qred FI

A business that wants a virtual credit card with no standing charge and mostly domestic card spending.

8.9/10See alternatives