So some times you’ve been through some things and have ended up with bad credit, the Aqua Classic Credit Card might just be of help. Bad credit doesn’t have to be a life sentence, you can improve it by building it back up. You can build it up with a new card that’s going to give you the opportunity to pay on time and build the score back up.
The Aqua Classic Credit Card can be used for everyday purchases and also has unique features to help you manage your money better. This card is willing to give those with poor credit a chance to prove financial responsibility. Before choosing a new card you need to make sure it is attuned to your lifestyle and your goals.
You can 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, and you can get the score back up and enjoy the benefits of having a good score.
What Are the Benefits as an Aqua Cardholder?
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.
What Are the 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 travelling.
How to Use This Card to Build Credit
Though 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.
Eligibility and How to Apply for an Aqua Classic 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.
What Are the Fees for an Aqua Classic Credit Card?
- No annual fee
- APR: Representative 37.9% APR variable
- Balance transfers: 37.95% – 59.95% p.a.
- Money transfers: 37.95% – 59.95% p.a.
- Cash transactions: 47.95% – 69.95% p.a.
- Non-sterling transaction fee: 2.95% of the amount of the transaction
- Balance transfer fees: 3% (minimum £3)
- Cash transaction fees: 3% (minimum £3)
- Money transfer fees: 3% (minimum £3)
- Returned payment fee: £12.00
- Late payment fee: £12.00
- Over limit fee: £12.00
How to Contact Aqua
Aqua’s head office address is 7 Handyside Street, Kings Cross, London N1C 4DA.
You can also reach them via telephone by calling 0333 220 2691.
There are many benefits that come with the Aqua Classic card – one of the best being the ability to build credit with this card.
If you think this credit card could be right for you, start an application today! Read about our other credit card profiles, too!