Note, you can find out if you could qualify for a more attractive mainstream credit card without leaving evidence on your credit report by using an eligibility checker.Imagine the thrill of exploring off-road trails, zipping through the woods, or conquering sand dunes on your very own all-terrain vehicle (ATV). Nevertheless, always compare the whole market to find out what other credit builder card offers are available. This card’s stand-out features are its broad eligibility criteria and initial credit limit potential. On the flipside, with careful management of your account, this card could provide the means to rebuild your credit score. Especially in the case with credit builder cards, racking up debt could cost a considerable sum in interest and deteriorate your credit score further. With a high representative APR of almost 40%, it’s critical that you pay off your monthly balance in full with this card. You won’t be able to apply if you already have an Aqua card or you have taken out an Aqua, marbles, Fluid or Bip card in the past 12 months. This credit card is not available to applicants who have been registered bankrupt in the past 18 months, or have received a County Court Judgement (CCJ) in the past 12 months. This protection applies for the entire cost even if you only use your plastic to pay for part of the purchase – such as the deposit – as long as the amount is still within these two values. This safety net is offered via Section 75 of the Consumer Credit Act. ProtectionĪs with any credit card, Classic from Aqua offers protection on goods and services you purchase costing more than £100 and up to £30,000. This will, in turn, increase your eligibility for credit cards that offer rewards. However, by sticking to your monthly repayments, it can help you climb back out of a situation of bad credit. There are no perks attached to this card. You will be charged interest from the date the withdrawal appears on your account, as well as a fee of 5% (or £4, whichever is higher). While you are able to withdraw cash from an ATM with the Aqua card, it’s not a good idea. You can expect to pay 2.95% of the transaction amount if you use your card abroad in foriegn exchange fees. A £20 ‘tracing’ fee applies, if you change your contact details without notifying Aqua and it has to trace you. The card also carries a £12 fee if you breach your credit limit, or if a direct debit payment or cheque is returned unpaid. This means if you clear your balance in full and on time each month, you won’t have to pay a penny in interest.Īs well as further potentially damaging your credit score, any late monthly repayments will incur an automatic £12 fee. Regardless of your personal APR, this card comes with 48 days’ interest-free on new purchases. However, you could be offered an APR as high as 49.9% (variable) depending on your credit score and personal circumstances. The representative annual interest rate (APR) is 37.9% (variable). There is no annual fee attached to Aqua’s Classic card.
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