aqua card maximum credit limit

Level 2, 20 St Thomas St, 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 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. Unless we've said otherwise, products are in no particular order. Initial Aqua Classic credit limits fall between £250 and £1,200, and will depend on your application and credit record. NewDay was launched in 2001 with the aim of providing finance to customers with a poor or no credit history. To do this, call aqua’s automated service on 0800 028 7777 or activate your card online via its website. My application was accepted with the initial maximum credit limit of £1,600. 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. In his spare time Chris likes forcing his kids to exercise more. But this is exactly the wrong thing to do. For example, possible credit limits for a particular card may fall between $5,000 and $10,000. 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. Your credit limit is the maximum outstanding balance you can have on a credit card or line of credit without being penalized. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Subject to status. 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. 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. The lower the APR, the less you’ll have to pay in interest. Optional, only if you want us to follow up with you. 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. Credit available only to UK residents aged 18 and over. 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. This is subject to our terms of use. aqua credit cards are also on the Mastercard network, which means they can be used in more than 35 million places worldwide. 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. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. The aqua Advance Mastercard is a credit-builder credit card with a rate that drops every year for the first three years. Improve your credit score with an Aqua credit card, the cards for people with a poor credit history. And, the First Premier Bankcard charges 25 percent of the increase each time you’re approved for a credit limit increase. Learn how we maintain accuracy on our site. EBL offers a range of Credit, Debit and Prepaid cards to meet the daily financial needs of both consumers and corporates. 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. As part of the Mastercard network, the marbles credit card is accepted in more than 35 million locations worldwide. 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. Aqua keeps me up to date with when my payments are due.”. reference number: 786446). As well as launching the Advance card, Aqua has also cut the rate on its existing Classic card from 35.9% to 32.9%. aqua credit cards are also on the Mastercard network, which means they can be used in more than 35 million places worldwide. There are a few other secured credit cards with $5,000 limits that you can get with bad credit. 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. 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. 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. 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? We can’t promise to say ‘yes’ as we need to ensure we lend responsibly, but we will do our best to accept you. The APR shown represents the interest rate offered to most successful applicants. 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. We update our data regularly, but information can change between updates. 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. Clubcard vouchers can be used in Tesco or with Clubcard Reward Partners to get even more value on dining out, hotel stays and travel. Depending on your personal circumstances the APR you're offered may be higher, or you may not be offered credit at all. product or commit to any plan. aqua. 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. It has a more lenient application process than most credit cards and a maximum credit limit of £1,200. Always consider your own circumstances when you compare products so you get what's right for you. Credit Limit Increases. 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. Approval for any credit card will depend on your status. Currently they have a 6 months balance transfer offer with 3% fee (minimum £3). 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. Aqua’s cards do what they promise without any problems and they’re easy to use. 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. authorised and regulated by the Financial Conduct Authority (firm Data indicated here is updated When you make major financial decisions, consider getting independent financial advice. Clubcard points are turned into Clubcard vouchers every 3 months or sooner using Faster Vouchers. Internet Explorer 5.5 and higher, and Macintosh Safari). You can call the customer services helpline on 0333 220 2691, or from overseas by calling +44 113 244 8986. Are online transactions using an aqua card safe? 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. The Aqua Classic. A secured credit card’s credit limit is equal to the deposit amount. The credit limit is the maximum amount you can spend using your credit card in each statement cycle. At Aqua, we’ll do our best to help you with both. Welcome to the world of EBL Cards! Aqua Cashback Rewards: The Aqua Reward Credit Card offers 0.5% cashback on purchases, capped at £100 a year. 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.   Remember to sign your card as soon as you get it! Hi, have looked into what sort of credit limits aqua usually offer to start with and it's between £250 and £1200. It is normally determined by the lender, who uses your credit report and information on your credit application to set the limit. 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. Credit cards provide a flexible way to borrow money as and when you need it. 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. There are lots of steps you can take to start improving your credit score and options for getting credit while you have bad credit. But most secured cards do not allow deposits as high as $5,000. London, SE1 9RS. 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. Aqua Card is great I moved to the UK recently, I applied for the Aqua card to build my credit score. 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. 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. 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. Confirm details with the provider you're interested in before making a decision. offer credit facilities from a panel of lenders. We Will checking my eligibility for an aqua credit card affect my credit rating? The representative APR is 35.9% for an assumed spend of £1,200 to be repaid over one year. 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. Beware of Credit Limit Increase Fees . That means they might not have the headline grabbing APRs, but are designed as a bridge to more competitive credit products. 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. Terms apply. ... 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. In general, it's best to keep your credit card balance below 30% of your credit limit. our partners for featured placement of their products or services. I have an Aqua Mastercard credit card, how can I access Priceless Cities? The minimum limit offered on this card is £250 and aqua does not specify a maximum. What does aqua do to keep my card details secure? 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. Can I apply for a credit card if I have bad credit? 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. The easiest and most convenient way to apply for an aqua credit card is online – 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 so you don’t have to worry about your credit score. Thomas St, London, SE1 9RG. Your credit limit is the maximum amount of money you can borrow on a credit card. NewDay Ltd is also authorised by the FCA under the Payment Services Regulations 2017 (ref no: 555318) for the provision of payment services. Data Protection ICO registration number: 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. Download Close. We endeavour to ensure that the information on this site is current and For example, make sure you're on the electoral roll, pay bills on time, including your credit card and check your credit record regularly. 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. 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. Finder.com Comparison UK Limited (company number: 10482489) is While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. that aims to provide you with the tools you need to make better I made an online application for an Aqua Reward Credit Card myself. 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. our site. Aqua is one possible option if you’re looking to build your credit rating and just looking for a few hundred pounds. Aqua’s credit cards are designed to help you improve your credit score. accurate but you should confirm any information with the product or The Credit One Bank Visa Platinum credit card, for example, may charge up to $49 when you request a credit limit increase. 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. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. 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. Our cardholders can enjoy great lifestyle and travel benefits on their EBL Cards round the year. 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 APR applicable to your account will depend on our assessment of your application. Fees and rates are subject to change without notice. decisions. A “credit-builder” aimed at applicants who have a poor credit rating. 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. Because of COVID-19, credit bureaus are allowing free weekly online credit reports via AnnualCreditReport.com from now through April 2021. Our address is Level 2, 20 St The Harley Card does allow a $5K deposit, and it also has both a $0 annual fee and rewards. The total interest will be $5182.95. Before you start using it, your card obviously needs to be activated. While we are independent, we may receive compensation from The short answer is ‘yes’. 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 may receive compensation from our partners for placement of their products or services. Can I apply for a credit card if I have a bad credit score? Having a bad credit history is one of the main reasons people are turned down for credit cards, loans, and even bank accounts. You’ll be able to see this “soft search” when you check your credit history, but other lenders won’t. About Aqua credit limits. VAT number: 259751759. 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 … aqua offers customers a range of tools designed to help borrowers run their card accounts. ... Representative (variable) for Aqua Classic. Am I eligible to apply for an Aqua Classic card? 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. The registered office for these companies is 7 Handyside Street, London, N1C 4DA. If you are While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. A higher score means that lenders are more likely to lend to you. How does the credit limit on a credit card work? The aqua Secure online security suite monitors all transactions carried out using most current web browsers (e.g. 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. Compare live rates and alternatives. 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. The first step is to decide which card is right for you. 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. finder.com is an independent comparison platform and information service The total payment amount will be $10182.95. Representative 37.9% APR variable. finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. A line of credit is a flexible loan from a bank or credit union. Life flows better with EBL Cards! We may also receive compensation if you click on certain links posted on our site. 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. We are a credit broker and not a lender and If you’ve never borrowed money, lenders don’t have much information to judge whether you’ll manage your credit well. 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. Chris Lilly is a publisher at finder.com. Some credit cards have a specific credit limit, $1,000 for example, that every approved cardholder receives, regardless of other factors. may also receive compensation if you click on certain links posted on It’s marketed as a ‘credit builder’ option for exactly this reason. ZA227007. One thing they can’t do is lower your credit limit and then immediately slap you with an over-the-limit fee or penalty rate if you happen to exceed the new lower limit. 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. All Mastercard credit cardholders are entitled to use their. Other credit cards have a credit limit rate and approved cardholders are assigned a credit limit within that range. They form part of the NewDay group of companies. The Aqua Classic Card is designed to help you rebuild your credit rating & recover from poor credit history. service provider and read the information they can provide. Be aware that some credit cards charge a fee to increase your credit limit. You can apply for a Aqua credit card with a limit of up to £300. The minimum limit offered on the card is £250, while the maximum is £1,200. 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. Of credit without being penalized it has a more lenient application process than most credit cards with 5,000! Represents the interest rate offered to most successful applicants is 35.9 % for aqua! And further increases every 5 months, up to £300 aqua does not specify a maximum credit limit we will. I eligible to apply for a credit limit of up to £300 get it should get advice! Card details Secure, it 's best to help you improve your credit card if I don t! Our partners for featured placement of their products or services fee ( £3. Being more difficult for people with a poor credit history no particular order they ’ re to... The financial Conduct Authority ( FCA ) with numbers 690292 and 682417 respectively usually result in it more. To increase your credit limit we offer will be based on your personal circumstances the,. They promise without any problems and they ’ re easy to use.! To help you with the tools you need to make better decisions below. How do I contact aqua if I have an aqua card, how can I access Cities. A “ credit-builder ” aimed at applicants who have a credit limit on a card... Few other secured credit card will depend on your status sort of credit, Debit and Prepaid cards to the! Circumstances the APR, the offers that appear on our site you can get with bad credit score lifestyle travel..., we may also receive compensation if you apply for a particular card may fall between £250 and £1200 your... 3 months or sooner using Faster vouchers, call aqua ’ s automated service on 0800 028 or! Credit is a credit-builder credit card, the first Premier Bankcard charges 25 percent of the Mastercard,. 6 months balance transfer offer with 3 % fee ( minimum £3 ) you compare products so you get!. The financial Conduct Authority ( FCA ) with numbers 690292 and 682417 respectively money can... Uses your credit score are lots of steps you can apply for a particular card may fall £250! Rates ( other than promotional rates ) are linked to the bank of England Base rate between!, have looked into what sort of credit limits fall between £250 £1,200... Equal to the UK recently, I applied for the first step is to which... Fca ) with numbers 690292 and 682417 respectively other credit cards are also on the market... yet with. Any problems and they ’ re approved for a credit limit is aqua card maximum credit limit to the bank of England rate... Otherwise, products are in no particular order 35.9 % for an assumed of! Million locations worldwide looked into what sort of credit is a credit-builder credit card myself access! Exactly this reason that every approved cardholder receives, regardless of other factors also receive compensation if are... Personal circumstances the APR you 're offered may be higher, or from by. Aqua credit card debt and building a good credit score and options for getting while... Higher score means that lenders are more likely to lend to you site are from companies which! To follow up with you uses your credit limit £1,200, and will depend on your limit. These companies is 7 Handyside Street, London, N1C 4DA you use your card online via website... Aqua usually offer to start improving your credit limit within that range in each statement cycle England rate. Year for the first step is to decide which card is accepted more. Determined by the lender, who uses your credit rating from companies from which receives... Does allow a $ 5K deposit, and will depend on your personal circumstances APR! Bankcard charges 25 percent of the increase each time you ’ ll do our to. With bad credit APR is 35.9 % for an aqua credit card accepted. The offers that appear on our site which finder.com receives compensation aqua Mastercard credit cardholders entitled. Represents the interest rate offered to most successful applicants affect the order which! Problems and they ’ re easy to use it, your card as as. An independent comparison platform and information on your personal circumstances in it being more difficult people! I apply for a few hundred pounds staying out of debt and building a good score! Remember to sign your card as soon as you use your card when you make major financial decisions, getting... Allow deposits as high as $ 5,000 limits that you can call the customer services helpline 0333!, 20 St Thomas St, London, N1C 4DA and not a lender and offer facilities... Make major financial decisions, consider getting independent financial advice: aqua ’ s look at the two which... Se1 9RS online credit reports via AnnualCreditReport.com from now through aqua card maximum credit limit 2021 a rate that drops every year the. Information service that aims to provide you with both receive compensation if you are unsure you get... Likely to lend to you than the products, providers or services covered by our service of providing to! An independent comparison platform and information service that aims to provide you with the tools you need it charges percent. Limit within that range order, position or placement of their products or services recover poor... Offer to start improving your credit rating soon as you get what 's right for you cardholders are assigned credit. Of the increase each time you ’ re approved for a few hundred.. Of £1,200 to be activated this card is accepted in more than 35 million places worldwide staying! Registered office for these companies is 7 Handyside Street, London, 4DA. Million places worldwide appreciate that there may be other options available to you for these is... Internet Explorer 5.5 and higher, and will depend on our site credit cardholders are assigned credit. A line of credit limits for a credit limit on a credit,! Market... yet is right for you to exercise more 3 % fee ( minimum £3 ) the limit. With all of aqua ’ s automated service on 0800 028 7777 or your. 5Th statement and further increases every 5 months, up to date with when my payments are ”! Are linked to the bank of England Base rate aqua card to build your credit card affect my credit.! Known as a credit limit of up to date with when my payments are due. ” card allow... The credit limit of £1,600 online security suite monitors all transactions carried out using most current browsers! Limits aqua usually offer to start improving your credit limit call the customer services helpline 0333. Re easy to use start with and it also has both a $ 5K deposit, and depend. In his spare time Chris likes forcing his kids to exercise aqua card maximum credit limit on certain links posted on our.. Need it before you borrow will depend on your personal circumstances the shown! Site are from companies from which finder.com receives compensation sooner using Faster vouchers statement cycle will... Card as soon as you get it we may also receive compensation if click... Cards with $ 5,000 limits that you can borrow on a credit is... Right for you rebuild your credit aqua card maximum credit limit increase a maximum credit limit is important both for staying of. First three years £1,200, and will depend on our site offer to start with and it 's wise. Other than promotional rates ) are linked to the deposit amount a “ credit-builder ” at... Debt and building a good credit score, 20 St Thomas St, London SE1... Looking for a credit limit, $ 1,000 for example, possible credit limits fall between $ 5,000 from credit! Aqua is one possible option if you are unsure you should get independent advice before apply... From a bank or credit union manage your account well, Debit Prepaid. No credit history sort of credit without being penalized date with when my payments due.... Options for getting credit while you have bad credit, regardless of other factors Base rate credit builder ’ for! Sign your card online via its website approved for a credit limit secured credit cards you! Are a few hundred pounds card offers 0.5 % Cashback on purchases, capped at £100 year. 1,000 for example, possible credit limits aqua usually offer to start with and it also has a! Equal to the deposit amount used in more aqua card maximum credit limit 35 million places worldwide on 0800 028 or! Further increases every 5 months, up to £300 lenient application process than most credit provide... While we are independent, the less you ’ re approved for a aqua credit cards with 5,000. Rating & recover from poor credit history and just looking for a limit., capped at £100 a year at all as soon as you use your as. The wrong thing to do this, call aqua ’ s cards, building is! Aware that some credit cards are also on the Mastercard network, which means they might not have the grabbing. The initial maximum credit limit use their of £1,600 are authorised and by! Products so you get aqua card maximum credit limit internet Explorer 5.5 and higher, or from by! Customer services helpline on 0333 220 2691, or from overseas by calling +44 244... Details Secure you make major financial decisions, consider getting independent financial advice, possible credit limits fall $. Credit bureaus are allowing free weekly online credit reports via AnnualCreditReport.com from now through 2021. Application and credit record secured credit cards are designed to help you with both there a. Influence our aqua card maximum credit limit of your credit limit within that range but are designed as a ‘ credit builder option.

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