APR stands for annual percentage rate and represents the amount of interest you’ll pay annually on any money you borrow unless you clear your whole balance each month. We continuously monitor your account to see how you’re getting on and may increase your limit, so long as you’re making your monthly payments and sticking to your current credit limit. aqua’s Classic card has an initial credit limit between £250 and £1,200 until customers have proved themselves to be able to pay on time and keep to their limit. Your aqua online account lets you manage everything to do with your aqua card in one convenient place – from paying your balance to changing personal details. Are online transactions using an aqua card safe? If you’ve never borrowed money, lenders don’t have much information to judge whether you’ll manage your credit well. Check your eligibility in less than 60 seconds, with no impact on your credit score, Stay in control with our handy app, text alerts, useful guides and more, If you have a low or bad credit score, we can help you start your journey towards better credit when you manage your account well. unsure you should get independent advice before you apply for any We are a credit broker and not a lender and Other credit cards have a credit limit rate and approved cardholders are assigned a credit limit within that range. Managing your credit limit is important both for staying out of debt and building a good credit score.   To do this, call aqua’s automated service on 0800 028 7777 or activate your card online via its website. Other factors that determine your credit limit include your income, your debt-to-income ratio, your credit history, and other credit cards you have, as well as their limits. High limit credit cards are aimed at wealthier individuals with good credit scores and offer a host of elite benefits on top of high spending limits. On a credit card with a $1,000 limit, that means you would want to keep your balance below $300, leaving you with $700 of available credit. To qualify for an aqua credit card, you must: If you meet the broad criteria outlined above, but have a history of bad debt, you could be rejected. our site. Depending on your personal circumstances the APR you're offered may be higher, or you may not be offered credit at all. Aqua’s cards do what they promise without any problems and they’re easy to use. But this is exactly the wrong thing to do. You can apply for an Aqua card as long as you: Your credit score is a number based on a range of different factors that gives an indication of how good you are with credit. EBL offers a range of Credit, Debit and Prepaid cards to meet the daily financial needs of both consumers and corporates. aqua. How do I contact aqua if I don’t have internet access? As part of the Mastercard network, the marbles credit card is accepted in more than 35 million locations worldwide. And, the First Premier Bankcard charges 25 percent of the increase each time you’re approved for a credit limit increase. It's always wise to check the terms of any deal before you borrow. Representative 37.9% APR variable. What does aqua do to keep my card details secure? ZA227007. Our address is Level 2, 20 St We endeavour to ensure that the information on this site is current and Level 2, 20 St Thomas St, Aqua Cashback Rewards: The Aqua Reward Credit Card offers 0.5% cashback on purchases, capped at £100 a year. For example, if your Aqua Finance credit card balance is $5000, the APR is 24.99%, the minimum payment is 4% of your balance and the first minimum monthly payment is $200, the results will be the following.You will need 169 months to pay off your card. Unfortunately, the maximum cashback paid on the Aqua Reward Credit Card is £100, so I’ll stop using the card once I’ve spent £3,333.00 a year. finder.com is an independent comparison platform and information service A line of credit is a flexible loan from a bank or credit union. Thomas St, London, SE1 9RG. It is normally determined by the lender, who uses your credit report and information on your credit application to set the limit. If aqua is able to offer you this deal, the offer will specify a personalised credit limit based on aqua's assessment of your situation. Credit available only to UK residents aged 18 and over. product or commit to any plan. If you apply for an Aqua card, the credit limit we offer will be based on your personal circumstances. aqua offers customers a range of tools designed to help borrowers run their card accounts. If you are Hi, have looked into what sort of credit limits aqua usually offer to start with and it's between £250 and £1200. You can apply for a Aqua credit card with a limit of up to £300. The Harley Card does allow a $5K deposit, and it also has both a $0 annual fee and rewards. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. If you have a bad credit history or haven’t applied for a credit card before, it can be tempting to fill out lots of applications in the hope that at least one of them will be successful. Failure to make payments on time or to stay within your credit limit means that you will pay additional charges and may make obtaining credit in the future more expensive and difficult. Subject to status. Credit Limit Increases. Each full application is logged on your credit report, so the more you apply and are turned down, the more likely you are to keep getting turned down. That means they might not have the headline grabbing APRs, but are designed as a bridge to more competitive credit products. Can I apply for a credit card if I have a bad credit score? authorised and regulated by the Financial Conduct Authority (firm While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. You could get a credit limit increase after your 5th statement and further increases every 5 months, up to £4,000. The APR applicable to your account will depend on our assessment of your application. daily, Post Office Money® Classic Credit Card Mastercard, Not have been registered bankrupt in the past 18 months or have bankruptcy proceedings against you, Have a current UK bank or building society account, Not have received a county court judgement in the past 12 months, Not have an existing aqua card or have taken out another card issued by NewDay in the past 12 months. Clubcard points are turned into Clubcard vouchers every 3 months or sooner using Faster Vouchers. If you haven’t stuck to the terms of credit agreements in the past, lenders might decide that it’s a risk to give you credit. Aqua is a trademark of NewDay Cards Ltd, which is used under licence by NewDay Ltd. What are the benefits of the Aqua Classic card? A lower credit limit can be a bit safer for those looking to keep up with monthly payments, especially those trying to pay the full balance every month. Before you start using it, your card obviously needs to be activated. Beware of Credit Limit Increase Fees . Because of COVID-19, credit bureaus are allowing free weekly online credit reports via AnnualCreditReport.com from now through April 2021. You can call the customer services helpline on 0333 220 2691, or from overseas by calling +44 113 244 8986. He's a specialist in credit-based products including business and personal loans, mortgages and credit cards, and is passionate about helping UK consumers make informed decisions about their borrowing. It’s also important to remember that nobody has a single credit ‘score’ that all lenders look at to decide whether to give you credit. Reduce your interest rate as you use your card when you manage, Making lots of late payments or missing payments altogether, Going over their credit limit – especially if it happens regularly. Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve. Welcome to the world of EBL Cards! It’s marketed as a ‘credit builder’ option for exactly this reason. Also, if you have been made the subject of a CCJ you may not be accepted, and you are unlikely to be given a card if you have ever declared bankruptcy. If aqua is able to offer you this deal, the offer will specify a personalised credit limit based on aqua's assessment of your situation. Data indicated here is updated aqua is part of the London-based NewDay group of companies, which is the credit card provider for some big high street names, including Debenhams, Topshop, Laura Ashley and Amazon. Having a bad credit history is one of the main reasons people are turned down for credit cards, loans, and even bank accounts. Initial Aqua Classic credit limits fall between £250 and £1,200, and will depend on your application and credit record. That’s why you need to pick a card that’s designed for your circumstances and offers an eligibility check – sometimes called a ‘soft’ check – up front. Some credit cards have a specific credit limit, $1,000 for example, that every approved cardholder receives, regardless of other factors. We’re here to help. accurate but you should confirm any information with the product or Now the reason for that is that the Aqua Reward Credit Card pays a healthy 3% cashback, but with an upper limit of £100 cashback a year. Improve your credit score with an Aqua credit card, the cards for people with a poor credit history. Your credit limit is the maximum amount of money you can borrow on a credit card. Always consider your own circumstances when you compare products so you get what's right for you. may also receive compensation if you click on certain links posted on You can get an instant indication of the likelihood of your application being successful by using aqua’s “FastCheck”, and it won’t leave a “footprint” on your credit file. In this guide, you’ll find out more about how credit cards work and the things you need to know before you get a card and when you’re using your card. All Mastercard credit cardholders are entitled to use their. A higher score means that lenders are more likely to lend to you. Our cardholders can enjoy great lifestyle and travel benefits on their EBL Cards round the year. If you have a bad credit history, it’s important to remember that millions of people in the UK are in the same category, so you’re not alone and you can get help to fix it. For example, possible credit limits for a particular card may fall between $5,000 and $10,000. Currently I feel really good, even if a limit of 250 £ for me is really low, so for this I have to pay almost immediately, without waiting for the account statement, I am trying to use the card as much as possible so that my credit score grow. The aqua Advance Mastercard is a credit-builder credit card with a rate that drops every year for the first three years. The company is open about the fact that it aims to help people move to other finance products as their needs evolve, with the intention to “help all customers be better with credit”. Unless we've said otherwise, products are in no particular order. Must have available credit to collect Clubcard points. Compare live rates and alternatives. In his spare time Chris likes forcing his kids to exercise more. aqua credit cards are also on the Mastercard network, which means they can be used in more than 35 million places worldwide. Using credit well is the most important factor in building a good credit history, so having no history of using credit can be just as much of an issue as a history of using credit poorly. As well as launching the Advance card, Aqua has also cut the rate on its existing Classic card from 35.9% to 32.9%. The first step is to decide which card is right for you. A credit card can be a great way to rebuild your credit score, but there are some simple things you can do to help improve your credit score. Credit cards provide a flexible way to borrow money as and when you need it. Credit is provided by NewDay Ltd. NewDay Ltd and NewDay Cards Ltd are companies registered in England and Wales with registered numbers 7297722 and 4134880 respectively. For example, make sure you're on the electoral roll, pay bills on time, including your credit card and check your credit record regularly. Fees and rates are subject to change without notice. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. Starting credit limit from £250 to £1200. The Credit One Bank Visa Platinum credit card, for example, may charge up to $49 when you request a credit limit increase. As well as using the latest online technology to ensure transactions are secure, aqua also has dedicated teams monitoring day-to-day transactions and intercept any suspicious activity on your account.. The aqua Secure information box appears when you enter your account details on many retailers’ e-commerce sites to show you that its security is compatible with aqua Secure. The lower the APR, the less you’ll have to pay in interest. reference number: 786446). At Aqua, we’ll do our best to help you with both. This means when my spending hits £3,333.00 in a 12 month period and I’ve reached the maximum cashback, I stop using the card. Your Aqua credit card is a Mastercard, which means it’s accepted in more than 36 million places and over 600,000 cashpoints around the world. Aqua Card is great I moved to the UK recently, I applied for the Aqua card to build my credit score. Approval for any credit card will depend on your status. The Aqua Classic card could help people with a poor credit history. The total payment amount will be $10182.95. NewDay Ltd is also authorised by the FCA under the Payment Services Regulations 2017 (ref no: 555318) for the provision of payment services. Learn how we maintain accuracy on our site. The Aqua Classic Card is designed to help you rebuild your credit rating & recover from poor credit history. Your credit limit is the maximum outstanding balance you can have on a credit card or line of credit without being penalized. Be upgraded to the Amazon Platinum Mastercard if you make at least one transaction a month, make repayments on time and stay within credit limit in the first 12 months.. Buy tickets for up to 3500 selected live events through Barclaycard entertainment and get 5% off tickets per year and exclusive pre-sale tickets on selected festivals with 10% off ticket prices. The representative APR is 35.9% for an assumed spend of £1,200 to be repaid over one year. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. ... Representative (variable) for Aqua Classic. Please remember that when you pay for anything in a foreign currency, depending on the type of Aqua card you have, you may incur a charge. that aims to provide you with the tools you need to make better Data Protection ICO registration number: Credit builder cards aren’t usually associated with rewards, but aqua are helping to reshape that belief with their reward card, which allows borrowers to earn rewards at the same time as developing their credit. Terms apply. service provider and read the information they can provide. decisions. Am I eligible to apply for an Aqua Classic card? We may also receive compensation if you click on certain links posted on our site. Aqua card - The start card. A lower balance means your credit utilization ratio, which accounts for 30% of your credit score, will also be low. Each lender will carry out its own assessment based on your credit history and decide based on their own criteria, so it’s still possible for you to get credit and use it responsibly. Chris Lilly is a publisher at finder.com. We’ll try to give you a ‘yes’ for the credit you need and can afford – even if you’ve been turned down for credit in past. Once you've had the card for a while and shown aqua that you're reliable, you may wish to apply for a credit limit increase. They form part of the NewDay group of companies. Once you've had the card for a while and shown aqua that you're reliable, you may wish to apply for a credit limit increase. You’ll be able to see this “soft search” when you check your credit history, but other lenders won’t. There are lots of steps you can take to start improving your credit score and options for getting credit while you have bad credit. The minimum limit offered on this card is £250 and aqua does not specify a maximum. Reduce your interest rate as you use your card when you manage your account well. When you make major financial decisions, consider getting independent financial advice. The Aqua Classic. The APR shown represents the interest rate offered to most successful applicants. This is subject to our terms of use. The total interest will be $5182.95. Please note: aqua’s interest rates (other than promotional rates) are linked to the Bank of England Base Rate. Most users are unlikely to hit this maximum however, as it would require spending £20,000 a year on your card—unlikely given the card's initial credit limit of £250 to £1,200. An initial credit limit between £250-£1,200, Build your credit score, if you manage your account and finances well, Potential to increase your credit limit if you manage your account well, Text alerts to make it easier to stay on track, Award-winning support from our UK-based customer helpline, As a Mastercard, our Aqua Classic card is accepted at over 35 million places worldwide. Will checking my eligibility for an aqua credit card affect my credit rating? Currently they have a 6 months balance transfer offer with 3% fee (minimum £3). offer credit facilities from a panel of lenders. A secured credit card’s credit limit is equal to the deposit amount. We show offers we can track - that's not every product on the market...yet. The most common ways that people break credit agreements are: For example, if you made lots of late payments on your credit card or missed payments altogether, other lenders are likely to think that you might miss payments and decide not to give you credit. It has a more lenient application process than most credit cards and a maximum credit limit of £1,200. Collect 1 Tesco Clubcard point per £4 spent (£4 minimum) in Tesco and 1 Clubcard point per £8 spent (£8 minimum) outside Tesco in each purchase transaction. I have an Aqua Mastercard credit card, how can I access Priceless Cities? Aqua’s credit cards are designed to help you improve your credit score. The credit limit is the maximum amount you can spend using your credit card in each statement cycle. NewDay Ltd and NewDay Cards Ltd are authorised and regulated by the Financial Conduct Authority (FCA) with numbers 690292 and 682417 respectively. Bad credit is usually a way of describing having a low credit score, due to either a history of using credit poorly or not having built up much of a credit history. About Aqua credit limits. Confirm details with the provider you're interested in before making a decision. Are over 18 and have a permanent UK address, Haven’t been registered bankrupt in the past 18 months and don’t have ongoing bankruptcy proceedings against you, Have a current UK bank or building society account, Haven’t received a County Court Judgement (CCJ) in the past 12 months, Don’t already have an Aqua card and haven’t have taken out an Aqua, marbles, opus or Fluid card in the past 12 months, Need a little guidance? Aqua is one possible option if you’re looking to build your credit rating and just looking for a few hundred pounds. Clubcard vouchers can be used in Tesco or with Clubcard Reward Partners to get even more value on dining out, hotel stays and travel. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. While we are independent, we may receive compensation from If you do not make at least your contractual minimum payment in full and on time or if you go over your credit limit any promotional rates may come to an end and we will charge the standard interest rate, as applicable, instead of the promotional rate. Finder.com Comparison UK Limited (company number: 10482489) is I made an online application for an Aqua Reward Credit Card myself. Can I apply for a credit card if I have bad credit? The registered office for these companies is 7 Handyside Street, London, N1C 4DA. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. Remember to sign your card as soon as you get it! We can’t promise to say ‘yes’ as we need to ensure we lend responsibly, but we will do our best to accept you. We may receive compensation from our partners for placement of their products or services. aqua credit cards are also on the Mastercard network, which means they can be used in more than 35 million places worldwide. Your aqua online account lets you manage everything to do with your aqua card in one convenient place – from paying your balance to changing personal details. How does the credit limit on a credit card work? Internet Explorer 5.5 and higher, and Macintosh Safari). ... Failure to make payments on time or to stay within your credit limit means that you will pay additional charges and may make obtaining credit in the future more expensive and difficult. Be aware that some credit cards charge a fee to increase your credit limit. Aqua keeps me up to date with when my payments are due.”. For example, if your credit limit is £20,000, you’ll be able to make purchases up to a total of £20,000 each month, without having to repay your credit … The short answer is ‘yes’. We update our data regularly, but information can change between updates. A bank or credit card issuer can generally lower (or increase) your credit limit at any time as long as it’s allowed in the credit card agreement. Download Close. My application was accepted with the initial maximum credit limit of £1,600. We With all of aqua’s cards, building credit is the primary focus. Let’s look at the two situations which usually result in it being more difficult for people to get credit. Me up to £4,000 may fall between £250 and £1,200, and Macintosh Safari ) information service aims... England Base rate cards to meet the daily financial needs of both consumers and.. Offer to start with and it also has both a $ 0 fee! Based on your status card work click on certain links posted on our site Street, London, N1C.. Of aqua ’ s look at the two situations which usually result in it being more difficult for with. 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