Are you looking for a credit card that you can use to repair a bad credit rating? We have just the card for you! The Aqua Classic Credit Card is a solid option for those who have a shaky credit history or have no credit at all.
This card can be used for everyday purchases and also has unique financial features to help you manage your money better. This card is willing to give those with poor credit a chance to prove financial responsibility.
Keep reading on to find out more about the application process and requirements of this credit card so that you can starting enjoying its benefits today.
Aqua Classic Credit Cardholder Privileges
Aqua is helping its customers start anew by offering a line of credit cards that help improve an individual’s credit rating. The Aqua Classic Credit Card lets cardholders borrow responsibly and stay in better control of their finances. In this article, we’re going to dig deeper into the perks and benefits that come with this card.
At first glance, the Aqua Classic Credit Card may seem like an ordinary card, however, it has a wealth of features that can help you track your credit and more. If you sign up, you will get free and unlimited access to Credit Checker to keep track of your credit report. In addition, you can also receive personalized tips on how you can polish your rating. You can also spot changes in your credit score with text alerts.
Also, since this card is powered by Mastercard, you can use this card almost anywhere in the world that accepts card payments. Mastercard also provides merchant discounts and special rewards for using the card for dining, travel, and shopping.
The Aqua Classic Credit Card also has an interest-free period of 48 days. Plus, there is no annual fee associated with this card. Both of these features provide cardholders with extra savings.
Charges to be Wary of
The Aqua Classic Credit Card offers a great variety of features and helpful tools to its cardholders. However, this card is aimed at those with poor credit, so it does inherently come with a few unfavourable details.
The first of these is the substantially high annual interest rate of 35.9% (variable). This interest rate is a staggering 20% higher than what some cards offer. However, this high interest rate is in place to help protect the bank from the risks associated with accepting those with bad credit. Further, the interest fees on cash advances are even higher than the rate mention above.
Another fee that could potentially be costly is the foreign transaction fee. With the Aqua Classic Credit Card, users will be charged a transaction fee every time they make a purchase abroad or from a foreign website. Therefore, it is not the best card to use when traveling.
How to Use This Card to Build Credit
Those this card is aimed at helping those with bad credit rebuild their credit rating, it will not inherently do so. If this card is not used appropriately, it can damage your credit further. To improve your credit rating with this card it is important that you do not exceed your credit limit and always make payments on time. You can always use the Aqua Classic Credit Card’s credit checking tools to make sure you are on the right track.
How to Apply for an Aqua Classic Credit Card
Applying for this credit card is easy and hassle-free. For the online application, applicants can check eligibility and get a response within a few minutes.
The minimum requirements include having a permanent UK address, being at least 18 years old, having a UK bank account, being employed, not having received a County Court Judgement (CCJ) in the past year, and not already having an Aqua card.
Aqua will also ask about your personal information, including complete name, contact details, income, and mortgage (if any). Individuals who’ve declared bankruptcy in the last 18 months are not eligible to apply. However, those who have a poor credit score can still head to the Aqua website to complete an application, but the bank will assess financial capacity and circumstance.
If successful in your application, the minimum credit limit is set at £250, though the maximum limit is dependent on your personal circumstances.
Fees & Charges
- No annual fee
- APR: Representative 35.9% APR variable.
- Balance transfers: 35.95% or 44.93% or 49.91% or 54.95% or 59.95% p.a.
- Money transfers: 35.95% or 44.93% or 49.91% or 54.95% or 59.95% p.a.
- Cash transactions: 45.95% or 54.95% or 59.95% or 64.95% or 69.95% p.a.
- Non-sterling transaction fee: 2.95% of the amount of the transaction.
- Late payment fee: £12.00
- Over limit fee: £12.00
Aqua’s Address & Contact Details
Address: 7 Handyside Street, London, N1C 4DA
To get in touch with Aqua, call 0333 220 2691 (or +44 113 244 8986 if you’re dialing from abroad).
Order the Aqua Classic Credit Card if you’re after improving your credit rating or building a score from the bottom up. With financial tools and features such as text alerts, managing your money is made easy. Just keep up with payments and pay in full every month to avoid recurring penalties and bad credit. In short, make sure you use this card responsibly. Head to the Aqua website today and fill out an application to begin enjoying the benefits of this card.
Note: There are risks involved when applying for and using a credit card. Please see the bank’s Terms and Conditions page for more information.