As a credit-builder card, the interest rates on the Aqua Classic are higher than average.The representative APR is 37.9% on the card, which means that 51% of the applicants will receive a 37.9% interest rate on their purchases. Top rated products. The total payment amount will be $10182.95. min credit. Confirm details with the provider you're interested in before making a decision. The Aqua Advance can be a great option for credit builders who take holidays abroad, because you can use the card to pay for hotels, restaurants, bars and in shops in the local currency when you're abroad—without incurring any FX fees. Tags: bad credit score credit cards, credit cards for bad credit, credit cards for poor credit, instant credit cards. The representative APR is 37.9%. Aqua Card is great I moved to the UK recently, I applied for the Aqua card to build my credit score. If you clear your balance in full each month, however, the rate doesn’t matter – you’ll be able to take advantage of the card’s “grace period” of up to 48 days of 0% interest on your purchases each billing cycle. One solid feature is that your interest rate might drop by 5% a year for three years, potentially getting to as low as 19.9%. In addition, your borrowing activity elsewhere can have a bearing on whether or not you’re able to enjoy those lowering interest rates. Choose Wisely Limited is authorised and regulated by the Financial Conduct Authority as a credit broker not a lender, firm reference number 730574 and is registered with the Information Commissioner’s Office number Z3106681. You are about to post a question on finder.com: At Finder, we value and respect our editorial independence. this I hope will be adjusted shortly . 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. aqua Advance credit card review 2021. Aqua Classic – standard credit card in Aqua’s offer. The vast majority of credit cards charge a fee around 3% of any transaction in another currency. Always consider your own circumstances when you compare products so you get what's right for you. It has a $0 annual fee, rewards cardholders with up to 10% cash back on purchases from select retailers, and reports to the three major credit bureaus. decisions. Fast and free compare the cards best for interest free spending, interest free balance transfers, money transfers to put cash in your bank or credit card for rewards & cashback. Approval for any credit card will depend on your status. Currently, there is a £25 cash back bonus offer and 0% 32-month purchase interest rate for customers signing up directly online for the HSBC Advance … It’s designed to help you improve your credit score, while reducing the rate of interest you pay each year. aqua credit cards are also on the Mastercard network, which means they can be used in more than 35 million places worldwide. Yes. Reduce your rate with aqua advance and receive £20 Amazon.co.uk Gift Card* : Opportunity to reduce your APR to 19.9% simply for making payments on time and keeping to your credit limit. our site. Balance transfer fee This is the fee you’ll be charged when you move the balance from one credit or store card to another credit card. No cashback and 3% fees for using card abroad. £3). daily, Post Office Money® Classic Credit Card Mastercard. So if you had, say, £450.00 outstanding, you'd pay £5.00, and if you had £2,000.00 outstanding, you'd pay £20.00. the credit limit is a bit mean of £450. It may well be designed as a next step from aqua’s other cards, or for applicants with slightly better credit histories (although all aqua’s cards are designed with poor or limited credit histories in mind). Aqua specialises in credit-builder cards, which are designed to improve your credit rating. finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. Individual Credit Card a) Common Requirement. For example, if you withdraw £50, you'll incur a fee of £3.00. Credit cards comparison of over 180 cards from 70 providers. The representative APR is 37.9%. They refuse to reply to any customer contact and when they do, they do so in a way that guarantees the customer is not able … 1% or £5 (whichever is greater) or the total of any interest, default fees and charges plus 1% of the outstanding balance. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. The Aqua Advance Credit Card includes many of the features that make other Aqua cards great for those looking to build or rebuild credit. The Aqua Advance Credit Card includes many of the features that make other Aqua cards great for those looking to build or rebuild credit. When you apply for a savings or credit card through us, the card issuer will usually pay us a fee. It offers new customers a six-month 0% period on spending and balance transfers, though you'll pay a 3% fee (min £3) on any balance you do transfer. You can make manual repayments through aqua's app, by logging in to your online banking or over the phone (0333 220 2691). aqua Advance Credit Card (34.9% APR) 34.9% (APR): No fee on spending overseas. However, your lack of credit history means you may find you aren’t eligible for many. Launched: Oct. 1, 2020 The new Petal® 1 Visa® Credit Card is an unsecured credit card for people with limited or fair credit. 0% . Other tools to help you improve your credit include text alerts and a decent mobile app, plus free access to CreditView services. £1200 . This is very helpful for your credit score. It currently offers two deals, Aqua Classic and Aqua Advance. Reduce your rate over three years if you stay within your credit limit and pay on time, No Foreign Exchange fees when you spend abroad, Check your eligibility in less than 60 seconds, with no impact on your credit score. As well as launching the Advance card, Aqua has also cut the rate on its existing Classic card from 35.9% to 32.9%. Fees and rates are subject to change without notice. The APR shown represents the interest rate offered to most successful applicants. Four months ago applied for an Aqua Advance Credit Card, after seeing their £20 Amazon Gift Certificate offer. HSBC Advance Credit Card. The Aqua Reward Credit card was launched in 2014, primarily aimed at those who needed to rebuild their credit scores. Finder UK. unsure you should get independent advice before you apply for any Useful Yes – with an Aqua Advance your interest rate could go down each year for three years, so long as you make payments on time and stay within your credit limit. Using the Aqua Rewards Card Abroad: With no FX fees, the Aqua Rewards card can be used for purchases abroad (as can the Aqua Advance credit card). 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. You just need … Every credit card has a maximum balance. Finder.com Comparison UK Limited (company number: 10482489) is The APR applicable to your account will depend on our assessment of your application. The payday cash advance generally doesn't require a traditional credit check and must be repaid directly to the payday lender, usually by your next payday. 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. We endeavour to ensure that the information on this site is current and Responsible card-use gets rewarded with lower rates. Aqua Advance. Representative 35.9% APR (variable). Reduce your interest rate as you use your card when you manage your account well. abroad charge . reference number: 786446). Purchases made overseas on the card don’t incur a non-sterling fee (which can be 3% on other cards) and if you pay off in full and on time you won’t incur any interest charges either. 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. Aqua has launched an innovative new credit card for borrowers with bad credit, with an interest rate that declines over time. 35.9% APR, starting credit limit between 250-1200£. 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. Using a significant amount of your available credit can be a red flag to lenders and creditors. The aqua Advance Mastercard is a credit-builder credit card with a rate that drops every year for the first three years. United Kingdom. Representative example: When you spend £1,200 at a purchase rate of 34.95% (variable) p.a., your representative rate is 34.9% APR (variable). We look at a number of important factors, like interest rates, credit limits, features to help you track your credit, plus the potential costs involved with running the card both in the short and longer term. The better your history of using credit, the lower the interest rate you’re likely to be offered. It's always wise to check the terms of any deal before you borrow. The HSBC Advance Credit Card is one of the most popular general purpose UK credit cards, based on cards-in-force*. Withdraw £250, and you'll incur a fee of £7.50. Most credit card providers now class gambling as a cash advance transaction, the most expensive way to borrow. Here are the most common types of fee you’ll see on Halifax cards: Transaction fees. Amazon Classic Mastercard. What do Aqua credit cards offer? Of course, you can always use your credit card to get a cash advance, for a sizeable fee, at a casino ATM. Keep track of your credit report with Aqua and CreditView. The Aqua Advance card starts out with an initial representative rate of 34.9% APR. After a sustained period of sing the card responsibly, you may be eligible for lower rates elsewhere. You'll also gain access to services such as CreditView Improve and CreditView Alerts. ... aqua Advance credit card. If you spend £1,200 at a purchase interest rate of 34.95% p.a. The fee for a money transfer is 3% (min. This part of your card balance will incur interest of 34.95%. If you are CreditBuilder™ option. They may be licensed to provide credit card services but they are not competent. We update our data regularly, but information can change between updates. With the Advance card, you can work towards bringing your interest rate down over time by showing you can make your payments on time and stay within your limits. Used correctly, can help build a positive credit history. price. The aqua Advance Mastercard is a “credit-builder” card with slightly more favourable terms than others in aqua’s range. Chris Lilly is a publisher at finder.com. The representative rate of APR is the rate that most people who apply for a credit card or loan will get. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Any credit card. At Aqua, the cash withdrawal fee is 3% of what you withdraw, with a minimum fee of £3. abroad charge . You can apply for an Aqua card as long as you: Want a progressive way to build or rebuild your credit? Credit card fees. Add your Aqua card to your Digital Wallet to start making purchases instantly with your devices. Advert. Set up text alerts so payments don't take you by surprise. 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. Aqua Advance – credit card for people who are looking for lower APR as after 3 years of use you may reduce your rate. While they're extremely rare in the UK, good alternatives do exist. You will need 169 months to pay off your card. They form part of the NewDay group of companies. 0% interest for 3 months on all purchases from account opening. max credit. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. In theory, most UK credit cards on the market are open to UK residents aged 18 or over. 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. How do I get a lower credit card interest rate? may also receive compensation if you click on certain links posted on CreditBuilder™ option. Well, no. You could get a credit limit increase after your 5th statement and further increases every 5 months, up to £4,000. Cancelling a credit card may be counterproductive to the credit score. Our guide has full info on what to watch out for, and best buys. often incur steep fees and/or higher rates of interest. Data Protection ICO registration number: No cashback and 3% fees for using card abroad. The Aqua Advance card offers an … Card as either a percentage when you apply for a money transfer is 3 % ( min you £1,200! You spend £1,200 at a purchase interest rate of 34.9 % APR, deals. It wrong and you 'll incur a fee of £3.00 unsure you get! Information can change between updates on all purchases from account opening an interest rate will drop a... 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