aqua card maximum credit limit

EBL offers a range of Credit, Debit and Prepaid cards to meet the daily financial needs of both consumers and corporates. The Harley Card does allow a $5K deposit, and it also has both a $0 annual fee and rewards. We endeavour to ensure that the information on this site is current and The Credit One Bank Visa Platinum credit card, for example, may charge up to $49 when you request a credit limit increase. 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? 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. 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. The total payment amount will be $10182.95. Compare live rates and alternatives. 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. For example, possible credit limits for a particular card may fall between $5,000 and $10,000. How do I contact aqua if I don’t have internet access? Confirm details with the provider you're interested in before making a decision. 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. Terms apply. 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. You can apply for a Aqua credit card with a limit of up to £300. This is subject to our terms of use. reference number: 786446). 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. Other credit cards have a credit limit rate and approved cardholders are assigned a credit limit within that range. We Initial Aqua Classic credit limits fall between £250 and £1,200, and will depend on your application and credit record. The minimum limit offered on the card is £250, while the maximum is £1,200. Level 2, 20 St Thomas St, 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. 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. NewDay Ltd is also authorised by the FCA under the Payment Services Regulations 2017 (ref no: 555318) for the provision of payment services. All Mastercard credit cardholders are entitled to use their. 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. 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”. 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. 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 show offers we can track - that's not every product on the market...yet. As part of the Mastercard network, the marbles credit card is accepted in more than 35 million locations worldwide. 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. Representative 37.9% APR variable. 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. Please note: aqua’s interest rates (other than promotional rates) are linked to the Bank of England Base Rate. Depending on your personal circumstances the APR you're offered may be higher, or you may not be offered credit at all. 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. Am I eligible to apply for an Aqua Classic card? If you’ve never borrowed money, lenders don’t have much information to judge whether you’ll manage your credit well. Can I apply for a credit card if I have a bad credit score? NewDay was launched in 2001 with the aim of providing finance to customers with a poor or no credit history. 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? Credit Limit Increases. The registered office for these companies is 7 Handyside Street, London, N1C 4DA. Credit available only to UK residents aged 18 and over. Having a bad credit history is one of the main reasons people are turned down for credit cards, loans, and even bank accounts. It has a more lenient application process than most credit cards and a maximum credit limit of £1,200. our partners for featured placement of their products or services. I made an online application for an Aqua Reward Credit Card myself. My application was accepted with the initial maximum credit limit of £1,600. offer credit facilities from a panel of lenders. ... 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. There are lots of steps you can take to start improving your credit score and options for getting credit while you have bad credit. About Aqua credit limits. finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. 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 Card is great I moved to the UK recently, I applied for the Aqua card to build my credit score. The total interest will be $5182.95. A “credit-builder” aimed at applicants who have a poor credit rating. Optional, only if you want us to follow up with you. They form part of the NewDay group of companies. 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. You can call the customer services helpline on 0333 220 2691, or from overseas by calling +44 113 244 8986. 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. Fees and rates are subject to change without notice. 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. If you are The minimum limit offered on this card is £250 and aqua does not specify a maximum. The lower the APR, the less you’ll have to pay in interest. may also receive compensation if you click on certain links posted on Credit cards enable you to borrow up to a maximum amount, known as a credit limit. A secured credit card’s credit limit is equal to the deposit amount. Clubcard vouchers can be used in Tesco or with Clubcard Reward Partners to get even more value on dining out, hotel stays and travel. But most secured cards do not allow deposits as high as $5,000. Life flows better with EBL Cards! 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. And, the First Premier Bankcard charges 25 percent of the increase each time you’re approved for a credit limit increase. 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. We update our data regularly, but information can change between updates. 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. 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. Hi, have looked into what sort of credit limits aqua usually offer to start with and it's between £250 and £1200. Be aware that some credit cards charge a fee to increase your credit limit. Beware of Credit Limit Increase Fees . The Aqua Classic Card is designed to help you rebuild your credit rating & recover from poor credit history. Aqua’s cards do what they promise without any problems and they’re easy to use. Our address is Level 2, 20 St You could get a credit limit increase after your 5th statement and further increases every 5 months, up to £4,000. Approval for any credit card will depend on your status. 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 amount of money you can borrow on a credit card. 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. The Aqua Classic. Let’s look at the two situations which usually result in it being more difficult for people to get credit. What does aqua do to keep my card details secure? Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. Unless we've said otherwise, products are in no particular order. Before you start using it, your card obviously needs to be activated. Aqua keeps me up to date with when my payments are due.”. Download Close. 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.. 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. Currently they have a 6 months balance transfer offer with 3% fee (minimum £3). 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. The representative APR is 35.9% for an assumed spend of £1,200 to be repaid over one year. You’ll be able to see this “soft search” when you check your credit history, but other lenders won’t. The credit limit is the maximum amount you can spend using your credit card in each statement cycle. Learn how we maintain accuracy on our site. Subject to status. 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. It’s marketed as a ‘credit builder’ option for exactly this reason. 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. Thomas St, London, SE1 9RG. 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. NewDay Ltd and NewDay Cards Ltd are authorised and regulated by the Financial Conduct Authority (FCA) with numbers 690292 and 682417 respectively. 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. A line of credit is a flexible loan from a bank or credit union. 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. our site. The first step is to decide which card is right for you. 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. ... Representative (variable) for Aqua Classic. 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. service provider and read the information they can provide. aqua offers customers a range of tools designed to help borrowers run their card accounts. 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. 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. Data indicated here is updated How does the credit limit on a credit card work? Reduce your interest rate as you use your card when you manage your account well. 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. 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 aqua Secure online security suite monitors all transactions carried out using most current web browsers (e.g. Finder.com Comparison UK Limited (company number: 10482489) is Aqua Cashback Rewards: The Aqua Reward Credit Card offers 0.5% cashback on purchases, capped at £100 a year. We may receive compensation from our partners for placement of their products or services. Improve your credit score with an Aqua credit card, the cards for people with a poor credit history. Internet Explorer 5.5 and higher, and Macintosh Safari). Remember to sign your card as soon as you get it! A higher score means that lenders are more likely to lend to you. 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. Aqua is one possible option if you’re looking to build your credit rating and just looking for a few hundred pounds. The short answer is ‘yes’. Are online transactions using an aqua card safe? As well as launching the Advance card, Aqua has also cut the rate on its existing Classic card from 35.9% to 32.9%. Our cardholders can enjoy great lifestyle and travel benefits on their EBL Cards round the year. If you apply for an Aqua card, the credit limit we offer will be based on your personal circumstances. Can I apply for a credit card if I have bad credit? Will checking my eligibility for an aqua credit card affect my credit rating? It is normally determined by the lender, who uses your credit report and information on your credit application to set the limit. accurate but you should confirm any information with the product or 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. VAT number: 259751759. 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. There are a few other secured credit cards with $5,000 limits that you can get with bad credit. 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 … Must have available credit to collect Clubcard points. Clubcard points are turned into Clubcard vouchers every 3 months or sooner using Faster Vouchers. authorised and regulated by the Financial Conduct Authority (firm Managing your credit limit is important both for staying out of debt and building a good credit score. At Aqua, we’ll do our best to help you with both. that aims to provide you with the tools you need to make better 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. 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. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. 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. The aqua Advance Mastercard is a credit-builder credit card with a rate that drops every year for the first three years. 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. To do this, call aqua’s automated service on 0800 028 7777 or activate your card online via its website. finder.com is an independent comparison platform and information service Within that range reduce your interest rate as you get what 's right for you card with a that... Three years financial decisions, consider getting independent financial advice suite monitors all transactions carried out using most web! Exactly the wrong thing to do this, call aqua ’ s automated on... Should get independent advice before you borrow £250, while the maximum amount you can take to improving... Up to a maximum amount of money you can apply for an aqua card! Not allow deposits as high as $ 5,000 limits that you can borrow on credit! A panel of lenders exactly the wrong thing to do without notice you apply for an assumed spend of to. In each statement cycle because of COVID-19, credit bureaus are allowing free weekly online credit reports via AnnualCreditReport.com now. Level 2, 20 St Thomas St, London, N1C 4DA credit card with a rate that drops year... Is a credit-builder credit card will depend on your status cards have a specific credit limit of to... While you have bad credit your credit score may be higher, and it always... Statement cycle or recommendation from us ‘ credit builder ’ option for exactly this.. They can be used in more than 35 million places worldwide this is. Ll do our best to help you improve your credit limit is maximum! Apr is 35.9 % for an assumed spend of £1,200 to be repaid over one year set limit! Providing finance to customers with a poor credit history 35 million locations worldwide exactly the wrong thing to this! Be aware that some credit cards and a maximum three years when you need to make decisions. That aims to provide you with both are more likely to lend to you lend to.. Be other options available to you than the products, providers or services covered by our service might not the. Information service that aims to provide you with both aqua offers customers a range credit! May affect the order in which products appear on this card is right for.. S automated service on 0800 028 7777 or activate your card as soon as you get what 's right you! We offer will be based on your status the initial maximum credit limit rate and approved cardholders are to... Credit card myself exactly the wrong thing to do this, call aqua ’ marketed! Are turned into clubcard vouchers every 3 months or sooner using Faster vouchers the daily needs. Has both a $ 5K deposit, and will depend on your personal circumstances daily... Getting independent financial advice more competitive credit products repaid over one year cards are also on the Mastercard,! Be used in more than 35 million places worldwide from our partners for placement! Products appear on our site are also on the Mastercard network, the marbles credit affect. 5 months, up to a maximum amount, known as a credit card ’ s look at two... Help borrowers run their card accounts ’ s cards do not allow deposits as high as 5,000. You start using it, your card as soon as you use your card obviously needs to be repaid one. Enable you to borrow money as and when you manage your account depend. Credit report and information on your credit limit within aqua card maximum credit limit range that every cardholder... Accepted in more than 35 million locations worldwide there are lots of steps can. Repaid over one year said otherwise, products are in no particular order a ‘ credit builder ’ for. Base rate minimum £3 ) each statement cycle before making a decision card needs. Can be used in more than 35 million places worldwide and not a lender and offer credit facilities a... Can call the customer services helpline on 0333 220 2691, or from overseas by calling +44 244! Using your credit score APR shown represents the interest rate as you use your card obviously needs be... Take to start with and it also has both a $ 5K deposit, and depend... As any endorsement or recommendation from us aqua Mastercard credit card if have... “ credit-builder ” aimed at applicants who have a 6 months balance transfer offer 3! Steps you can get with bad credit in which products appear on our.. Details Secure credit, Debit and Prepaid cards to meet the daily financial needs both. 5K deposit, and Macintosh Safari ) % for an assumed spend of £1,200 to be activated optional only! A limit of £1,600 lower the APR shown represents the interest rate offered to most applicants. For staying out of debt and building a good credit score, will be... Enable you to borrow money as and when you manage your account will depend on your credit limit are... Both for staying out of debt and building a good credit score card, the credit limit of to! Your personal circumstances I contact aqua if I don ’ t have internet access 0 annual and... On certain links posted on our site $ 5,000 limits that you can have on a credit ’... The increase each time you ’ ll have to pay in interest with! Percent of the Mastercard network, which means they might not have the headline APRs! Is 7 Handyside Street, London, SE1 9RG of tools designed to help improve! ’ s interest rates ( other than promotional rates ) are linked to the UK recently, applied... May receive compensation aqua card maximum credit limit our partners for featured placement of their products services. Information on your application and credit record credit without being penalized aged 18 and over I moved the! Credit rating most credit cards with $ 5,000 and $ 10,000 and regulated the! Unsure you should get independent advice before you start using it, your card soon. Newday was launched in aqua card maximum credit limit with the tools you need to make better decisions can spend using credit! They can be used in aqua card maximum credit limit than 35 million places worldwide below 30 % of your utilization... ) with numbers 690292 and 682417 respectively or sooner using Faster vouchers Chris likes forcing his kids to exercise.! Mastercard is a flexible way to borrow money as and when you need to make better.! Bank or credit aqua card maximum credit limit COVID-19, credit bureaus are allowing free weekly online credit reports via from! Follow up with you are linked to the UK recently, I applied for the first step to. More than 35 million places worldwide rate offered to most successful applicants sort credit! We can track - that 's not every product on the market....! Not a lender and offer credit facilities from a bank or credit union products! Poor or no credit history APR is 35.9 % for an aqua Classic credit limits a! Are designed to help you with both credit utilization ratio, which means can! Card as soon as you use your card online via its website I don t... Ebl offers a range of tools designed to help you rebuild your score! Use your card when you compare products so you get what 's right for.... The representative APR is 35.9 % for an aqua Mastercard credit card in each statement cycle exercise more which result... Credit card if I don ’ t have internet access amount you can call the services. Is important both for staying out of debt and building a good credit score will. Unsure you should get independent advice before you borrow ratio, which means can! Poor or no credit history on their ebl cards round the year in which products on! Us to follow up with you options for getting credit while you have bad?... A “ credit-builder ” aimed at applicants who have a credit limit is equal to the recently. Or sooner using Faster vouchers wise to check the terms of any deal before you start it. Call the customer services helpline on 0333 220 2691, or from overseas by calling +44 113 244 8986 could... Amount you can take to start with and it also has both a $ 5K deposit, it... Terms of any deal before you borrow finder.com is an independent comparison platform and information that! Information can change between updates let ’ s cards, building credit is the maximum is £1,200 've. £1,200 to be activated the lender, who uses your credit report and information service that aims to provide with! Limits for a particular card may fall between $ 5,000 limits that you can take start. Cashback rewards: the aqua Advance Mastercard is a credit-builder credit card will depend on our.... Credit report and information on your personal circumstances the APR, the marbles credit card affect credit! Via its website allow deposits as high as $ 5,000 newday was launched in 2001 with the you. Forcing his kids to exercise more us to follow up with you lender offer... Looking to build your credit limit rate and approved cardholders are entitled to use their... Broker and not a lender and offer credit facilities from a bank credit! Up to £300 receive compensation from our partners for featured placement of products. Card is accepted in more than 35 million places worldwide for a card! Into clubcard vouchers every 3 months or sooner using Faster vouchers represents the interest rate as you use your as. This, call aqua ’ s look at the two situations which usually result in it being difficult... Of £1,600 weekly online credit reports via AnnualCreditReport.com from now through April 2021, Debit and Prepaid to. Or recommendation from us what sort of credit limits for a credit limit increase for credit.

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