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Here you can find the answers to your questions about Qred VISA.
How much does it cost to pay bills with Qred Visa?
There is a 2.5% transaction fee per invoice for paying invoices with Qred Visa.
Can Qred Visa pay bills?
You can use Qred Visa to pay your company's invoices to all Finnish recipients, with a few exceptions such as Qred and debt collection agencies.
To pay bills, you must have a Qred Visa and your card must be active. You can order the card here to activate it in qred's mobile application.
How much does a Qred VISA cost?
Qred VISA is a business card with no fixed fees. You'll have a grace period of up to 45 days for all your purchases. You'll be invoiced monthly and if you pay back the full balance there will be no interest. If you want to split the payment a monthly interest starting at 1,95 % will be added.
Soon you can also pay your company's invoices with Qred Visa. Paying bills with Qred Visa will be free of charge until the end of 2022.
How does Qred Visa work?
Qred Visa is a credit card designed for small businesses. You can use the card for your purchases both offline and online, in Finland and abroad. The card has no fees if you bay back your full balance at once. If you want more time to pay you can bay back in installments, in which case a monthly interest rate (starting at 1,95%) is added.
You can manage your card in Qred's App where you will soon be also able to manage your expenses and pay invoices using Qred Visa's credit limit.
How do I activate my card?
Activate your card in Qred's app. You can download the app from App Store or Google Play.
Click "activate my card" in the app and enter the last four digits of your card.
How do I apply for Qred Visa?
Apply for Qred Visa by filling out the application form here! The card is free of charge and you will receive it in the mail in 7-9 business days.
Does it cost money to use Google Pay?
No. Connecting Qred Visa to Google Pay and using Google Pay is free of charge.
Can I cancel a payment made with Qred Visa after sending it?
You can't. An invoice payment with Qred Visa cannot be cancelled after you have sent the invoice for payment.
When is the invoice amount charged to Qred Visa?
You can also use Qred Visa to pay your business bills. When you enter a payment in the Qred mobile app, a margin call is made for the invoice amount. The overdraft will be charged once Qred has processed the payment (within 1-2 business days).
N.B! The authorization hold will be removed if the payment cannot be processed.
What amounts of invoices can I pay with Qred Visa?
With Qred Visa, you can pay bills of any amount within your credit limit. For example, if you have €1,000 of credit left, you can pay the invoice(s) for a total of $1,000.
Can I pay invoices from Qred with Qred Visa?
You can't. You cannot use Qred Visa to pay bills to Qred.
Can I use Qred Visa to pay bills abroad?
Using Qred Visa's credit limit, you cannot pay bills abroad. With Qred Visa, you can only pay to companies with a Finnish IBAN account number.
How long does it take for an invoice paid with Qred Visa to appear in the recipient's account?
An invoice paid with Qred Visa will be displayed in the recipient's account in 1-2 business days.
How do I pay invoices with Qred Visa?
You can pay bills using Qred Visa's credit limit easily in Qred's app.
Prepare! The payment will be processed within 1-2 business days.
Does expense management come with a cost?
No, there is no cost associated with using Qred’s expense management feature.
How do I use expenses management?
After making a transaction with your Qred VISA, locate the expense in your recent transactions on the Qred app, tap the transaction and select to create an expense. Then take a picture of the receipt, choose which category best describes the expense and the VAT amount. At the end of every invoice period you will be provided with a report of all transactions that have been expensed.
Can I withdraw money with Qred Visa?
No. You can use Qred Visa for purchases both offline and online but you cannot withdraw money from an ATM.
What does the payment method benefit mean?
Qred Visa payment method benefit refers to the benefit you accrue when you use Qred Visa as a means of payment. Qred customers receive a payment method benefit for all purchases they make with Qred Visa. The benefit applies to purchases made both in stores and online.
The payment method benefit accrues to customers 1% of the total amount of each purchase. The payment method benefit is paid to Qred customers monthly by refunding the accumulated amount from the customer's monthly invoice. The payment method benefit cannot be converted into cash or otherwise made available.
Can I get multiple credit cards for my company?
Yes, you can also get more than one card for your business. After ordering the first card, you can order additional cards easily in Qred's App.
I've lost my card - what should I do?
To ensure nobody else can use your card, it's important that you block it in Qred's app. Contact our customer service to order a new card.
Can I use a card abroad?
Yes, you can use Qred Visa wherever Visa is accepted. Qred does not add a currency surcharge to purchases made abroad. Read more about exchange rates here.
Where can I find my PIN?
You can find your card PIN in Qred's app:
1. Open the app
2. Go to the card page
3. Click on the card
4. Click 'View PIN'
You can download Qred's app from App Store or Google Play.
Can I cancel a payment made with Qred Visa after sending it?
You can't. An invoice payment with Qred Visa cannot be cancelled after you have sent the invoice for payment.
When is the invoice amount charged to Qred Visa?
You can also use Qred Visa to pay your business bills. When you enter a payment in the Qred mobile app, a margin call is made for the invoice amount. The overdraft will be charged once Qred has processed the payment (within 1-2 business days).
N.B! The authorization hold will be removed if the payment cannot be processed.
What amounts of invoices can I pay with Qred Visa?
With Qred Visa, you can pay bills of any amount within your credit limit. For example, if you have €1,000 of credit left, you can pay the invoice(s) for a total of $1,000.
Can I pay invoices from Qred with Qred Visa?
You can't. You cannot use Qred Visa to pay bills to Qred.
Can I use Qred Visa to pay bills abroad?
Using Qred Visa's credit limit, you cannot pay bills abroad. With Qred Visa, you can only pay to companies with a Finnish IBAN account number.
How long does it take for an invoice paid with Qred Visa to appear in the recipient's account?
An invoice paid with Qred Visa will be displayed in the recipient's account in 1-2 business days.
How do I pay invoices with Qred Visa?
You can pay bills using Qred Visa's credit limit easily in Qred's app.
Prepare! The payment will be processed within 1-2 business days.
Does expense management come with a cost?
No, there is no cost associated with using Qred’s expense management feature.
How do I use expenses management?
After making a transaction with your Qred VISA, locate the expense in your recent transactions on the Qred app, tap the transaction and select to create an expense. Then take a picture of the receipt, choose which category best describes the expense and the VAT amount. At the end of every invoice period you will be provided with a report of all transactions that have been expensed.
How much does it cost to pay bills with Qred Visa?
There is a 2.5% transaction fee per invoice for paying invoices with Qred Visa.
Can Qred Visa pay bills?
You can use Qred Visa to pay your company's invoices to all Finnish recipients, with a few exceptions such as Qred and debt collection agencies.
To pay bills, you must have a Qred Visa and your card must be active. You can order the card here to activate it in qred's mobile application.
Can I withdraw money with Qred Visa?
No. You can use Qred Visa for purchases both offline and online but you cannot withdraw money from an ATM.
What does the payment method benefit mean?
Qred Visa payment method benefit refers to the benefit you accrue when you use Qred Visa as a means of payment. Qred customers receive a payment method benefit for all purchases they make with Qred Visa. The benefit applies to purchases made both in stores and online.
The payment method benefit accrues to customers 1% of the total amount of each purchase. The payment method benefit is paid to Qred customers monthly by refunding the accumulated amount from the customer's monthly invoice. The payment method benefit cannot be converted into cash or otherwise made available.
Can I get multiple credit cards for my company?
Yes, you can also get more than one card for your business. After ordering the first card, you can order additional cards easily in Qred's App.
I've lost my card - what should I do?
To ensure nobody else can use your card, it's important that you block it in Qred's app. Contact our customer service to order a new card.
Can I use a card abroad?
Yes, you can use Qred Visa wherever Visa is accepted. Qred does not add a currency surcharge to purchases made abroad. Read more about exchange rates here.
Where can I find my PIN?
You can find your card PIN in Qred's app:
1. Open the app
2. Go to the card page
3. Click on the card
4. Click 'View PIN'
You can download Qred's app from App Store or Google Play.
How much does a Qred VISA cost?
Qred VISA is a business card with no fixed fees. You'll have a grace period of up to 45 days for all your purchases. You'll be invoiced monthly and if you pay back the full balance there will be no interest. If you want to split the payment a monthly interest starting at 1,95 % will be added.
Soon you can also pay your company's invoices with Qred Visa. Paying bills with Qred Visa will be free of charge until the end of 2022.
How does Qred Visa work?
Qred Visa is a credit card designed for small businesses. You can use the card for your purchases both offline and online, in Finland and abroad. The card has no fees if you bay back your full balance at once. If you want more time to pay you can bay back in installments, in which case a monthly interest rate (starting at 1,95%) is added.
You can manage your card in Qred's App where you will soon be also able to manage your expenses and pay invoices using Qred Visa's credit limit.
How do I activate my card?
Activate your card in Qred's app. You can download the app from App Store or Google Play.
Click "activate my card" in the app and enter the last four digits of your card.
How do I apply for Qred Visa?
Apply for Qred Visa by filling out the application form here! The card is free of charge and you will receive it in the mail in 7-9 business days.