The Aqua Advance Credit Card includes many of the features that make other Aqua cards great for those looking to build or rebuild credit. ★★★★★ — Excellent★★★★★ — Good★★★★★ — Average★★★★★ — Subpar★★★★★ — Poor. One solid feature is that your interest rate might drop by 5% a year for three years, potentially getting to as low as 19.9%. The brand believed in clarity, empathy, integrity and commitment. that aims to provide you with the tools you need to make better Level 2, 20 St Thomas St, Credit Building Cards. For example, if you use the Advance card responsibly but miss a repayment on another card or loan, it’ll damage your credit score and your chances of being awarded a lower rate. No currency conversion charges when you use the card overseas. Although it's possible, withdrawing cash from a credit card account is generally not a good idea, as "cash-like transactions" (withdrawing cash at an ATM, getting cashback at the till, spending at a casino, buying currency, etc.) Need a little guidance? You can arrange a direct debit for repayments when you apply for the credit card. Check your eligibility before you apply. 35.9% APR, starting credit limit between 250-1200£. often incur steep fees and/or higher rates of interest. abroad charge . price. Because of this, it's considered ideal to keep your ratio under 30%. aqua tools to help you stay in control - Regular SMS text reminders about your payments and credit balance - Flexible payment dates - Friendly UK-based customer support line The aqua Advance Mastercard is a credit-builder credit card with a rate that drops every year for the first three years. Alternatively you may wish to set up a direct debit. Aqua is a trademark of NewDay Cards Ltd, which is used under licence by NewDay Ltd. What are the benefits of the Aqua Advance card? While we are independent, we may receive compensation from This is very helpful for your credit score. 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. Purchases made overseas on the card don’t incur a non-sterling fee (which can be 3% on other cards) and if you pay off in full and on time you won’t incur any interest charges either. The new Aqua Advance card boasts an interest rate that falls sharply over time. Terms and Conditions said, "You will be eligible for the Amazon Gift Certificate if you use your aqua card, your monthly payment is received on time and you do not go over your credit limit in each of your first two statement months." 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. Finder UK. Any credit card. Individual Credit Card a) Common Requirement. At 34.9%, carrying a balance from month to month would be costly. Of course, you can always use your credit card to get a cash advance, for a sizeable fee, at a casino ATM. Aqua has launched two new credit cards aimed at those who are new to credit or who are trying to repair a damaged credit rating. our partners for featured placement of their products or services. 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. We endeavour to ensure that the information on this site is current and Top rated products. 0% . finder.com is an independent comparison platform and information service Aqua specialises in credit-builder cards, which are designed to improve your credit rating. Get free, unlimited access to your credit report and score with CreditView, which means you can keep track as you use Aqua Advance card. 0% interest for 3 months on all purchases from account opening. The exact rate that you are offered will depend on your personal circumstances. If you clear your balance in full each month, however, the rate doesn’t matter – you’ll be able to take advantage of the card’s “grace period” of up to 48 days of 0% interest on your purchases each billing cycle. gb gb . However, better avoid doing it if you can! It currently offers two deals, Aqua Classic and Aqua Advance. Aqua Card is great I moved to the UK recently, I applied for the Aqua card to build my credit score. finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. aqua Advance Credit Card (34.9% APR) Category: Game card. Aqua’s credit cards are designed to help you improve your credit score. At Aqua, the cash withdrawal fee is 3% of what you withdraw, with a minimum fee of £3. Like any credit card, a student credit card is a way of spending money you don’t yet have. may also receive compensation if you click on certain links posted on but if you done it by mistake or may be due to your accounting error. HSBC Advance Credit Card. authorised and regulated by the Financial Conduct Authority (firm Completed Application Form; Valid Passport (if available) National ID Copy/ Declaration if NID is not available; Other acceptable Photo ID copy ( if NID & Passport are not available) Personal TIN/IT-88/Tax return submission slip copy the credit limit is a bit mean of £450. While we may receive revenue and referral fees from advertising and affiliate links, advertisers do not approve our reviews. The total payment amount will be $10182.95. 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. £1200 . When you apply for a savings or credit card through us, the card issuer will usually pay us a fee. Withdraw £250, and you'll incur a fee of £7.50. Using any credit card in this way can also help you to build or rebuild a positive credit history. Aqua Advance. Credit card fees can leave a noticeable dent in your pocket when you are travelling overseas, so know what you are up against well in advance and choose a card with no or low fees. Paying only the minimum required amount each month is generally not advisable as it tends to be a very expensive way to borrow money which can lead to persistent debt. The fee for a money transfer is 3% (min. The aqua Advance Mastercard is a “credit-builder” card with slightly more favourable terms than others in aqua’s range. aqua Advance Credit Card (34.9% APR) 34.9% (APR): No fee on spending overseas. Remember, your personal offer may be different to this so make sure you read the details of any offer a credit card company makes you. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. In his spare time Chris likes forcing his kids to exercise more. Responsible card-use gets rewarded with lower rates. Probably a 123 credit card combined with a 123 current account provides a level of cashback which is not available elsewhere. The Aqua Reward Credit card was launched in 2014, primarily aimed at those who needed to rebuild their credit scores. It has a $0 annual fee, rewards cardholders with up to 10% cash back on purchases from select retailers, and reports to the three major credit bureaus. This part of your card balance will incur interest of 34.95%. The HSBC Advance Credit Card is one of the most popular general purpose UK credit cards, based on cards-in-force*. Your credit card issuer gives you a credit limit, which is the highest outstanding balance you can have on your credit card at any given time.As long as you remain on good terms and stay under your credit limit, you can keep making purchases up … Please contact Amazon customer services if you would like further details about this. 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. 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. We’re here to help. 0% variable APR on purchases 3% variable APR on cash withdrawals . Because of this, it's considered ideal to keep your ratio under 30%. Aqua Classic – standard credit card in Aqua’s offer. Four months ago applied for an Aqua Advance Credit Card, after seeing their £20 Amazon Gift Certificate offer. No cashback and 3% fees for using card abroad. We may receive compensation from our partners for placement of their products or services. A cash advance is when you withdraw money with your credit card. 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. The APR applicable to your account will depend on our assessment of your application. They refuse to reply to any customer contact and when they do, they do so in a way that guarantees the customer is not able … £3). Keep track of your credit report with Aqua and CreditView. Still, Thompson believes that extra step creates a psychological barrier. finder.com is a financial comparison and information service, not a bank or product provider, We cannot provide you with personal advice or recommendations, Data indicated here is updated Currently, there is a £25 cash back bonus offer and 0% 32-month purchase interest rate for customers signing up directly online for the HSBC Advance … accurate but you should confirm any information with the product or filter through products to find the best deals. Though the names are similar, credit card cash advance is a little different from a payday cash advance loan taken with a payday loan lender. VAT number: 259751759. max withdraw . However, better avoid doing it if … Choose Wisely is a trading style of Choose Wisely Limited and is a free to use price comparison website. Could reduce interest rates to 19.9% in 3 years. Cash advance credit cards are typically a cheaper way of getting a small cash loan than a payday loan. Compare our Aqua credit cards to see if one is right for you. Yes – with an Aqua Advance your interest rate could go down each year for three years, so long as you make payments on time and stay within your credit limit. As a credit-builder card, the interest rates on the Aqua Classic are higher than average.The representative APR is 37.9% on the card, which means that 51% of the applicants will receive a 37.9% interest rate on their purchases. The Aqua Advance card offers an … Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. You can read more about our scoring criteria on our credit card methodology page. Confirm details with the provider you're interested in before making a decision. The registered office for these companies is 7 Handyside Street, London, N1C 4DA. decisions. Well, no. However, you shouldn’t trust that you’ll always be receiving the best rates you’re eligible for – in other words it’s still likely to be … Using a significant amount of your available credit can be a red flag to lenders and creditors. aqua Advance Credit Card (34.9% APR) 34.9% (APR): No fee on spending overseas. service provider and read the information they can provide. The table below shows the options available. Offering reducing rates for each year of responsible card use, the aqua Advance is an admirably innovative credit card. Aqua specialises in credit-builder cards, which are designed to improve your credit rating. Most credit card providers now class gambling as a cash advance transaction, the most expensive way to borrow. price. aqua Advance Credit Card (34.9% APR) Category: Game card. No cashback and 3% fees for using card abroad. After a sustained period of sing the card responsibly, you may be eligible for lower rates elsewhere. Let's look a little more closely at these two problems. Say your credit card's credit limit is $10,000 and you have a credit card balance of $4,000. ... aqua Advance credit card. The total interest will be $5182.95. For example, if you withdraw £50, you'll incur a fee of £3.00. Although they come with a higher Annual Percentage Rate (APR) than mainstream credit cards, they can be a gateway to more competitive products if you manage your account well and repay what you owe on time. Data Protection ICO registration number: Credit cards comparison of over 180 cards from 70 providers. Launched: Oct. 1, 2020 The new Petal® 1 Visa® Credit Card is an unsecured credit card for people with limited or fair credit. Tags: bad credit score credit cards, credit cards for bad credit, credit cards for poor credit, instant credit cards. 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. 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. Clubcard vouchers can be used in Tesco or with Clubcard Reward Partners to get even more value on dining out, hotel stays and travel. You can make manual repayments through aqua's app, by logging in to your online banking or over the phone (0333 220 2691). So if you had, say, £450.00 outstanding, you'd pay £5.00, and if you had £2,000.00 outstanding, you'd pay £20.00. What do Aqua credit cards offer? It’s designed to help you improve your credit score, while reducing the rate of interest you pay each year. They form part of the NewDay group of companies. The Aqua Advance credit card is an example of this type of card, with annual drops in the standard interest rates over three years. Don’t forget that as with most credit cards, the interest rate is variable – so if interest rates generally start to rise, the Advance’s rate might follow. Representative example: When you spend £1,200 at a purchase rate of 34.95% (variable) p.a., your representative rate is 34.9% APR (variable). If you spend £1,200 at a purchase interest rate of 34.95% p.a. If you can make your monthly repayments on time and stay within your credit limit, your interest rate will drop after a year. You'll also gain access to services such as CreditView Improve and CreditView Alerts. That's what's known as a "money transfer" (rather than a "balance transfer") in credit card jargon. 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. Fees and rates are subject to change without notice. Amazon Classic Mastercard. As well as launching the Advance card, Aqua has also cut the rate on its existing Classic card from 35.9% to 32.9%. The interest rate on this part of your balance will be 44.95%, which is 29% more than the standard purchases rate (chargeable from the day of the transaction – the card's usual "up to 48 days interest-free" grace period won't apply). max credit. Aqua credit card services are completely incompetent. If you've compared cards and settled on the aqua Advance credit card, completing the secure online application form takes about 15 minutes. So, whether you have a low or fair credit score, or ore just starting to build your credit history, Aqua Advance helps you improve your credit while cutting your costs. 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. But it also offered a generous 0.5% cashback on spending (up to £100 a year) with no international charges on overseas spends and no monthly fees. 35.9% APR, starting credit limit between 250-1200£. The Aqua Advance Credit Card is a solid credit builder card for those trying to improve their credit rating through good behaviour, and who need a card to use abroad. £200. The payday cash advance generally doesn't require a traditional credit check and must be repaid directly to the payday lender, usually by your next payday. filter through products to find the best deals. aqua could be the credit card for you. While they're extremely rare in the UK, good alternatives do exist. Representative 35.9% APR (variable). Add your Aqua card to your Digital Wallet to start making purchases instantly with your devices. (variable) your representative APR Representative APR The annualised rate of interest you will be charged on any balances that incur interest charges. our site. About Aqua | Classic credit card. Reduce your interest rate each year if you manage your account well, An initial credit limit between £250-£1,200, Potential to increase your credit limit if you manage your account well, Free access to your credit score with CreditView, Text alerts to make it easier to stay on track, Award-winning support from our UK-based customer helpline, As a Mastercard, our Aqua Advance card is accepted at over 35 million places worldwide. Aqua Advance – credit card for people who are looking for lower APR as after 3 years of use you may reduce your rate. Used correctly, can help build a positive credit history. Currently, there is a £25 cash back bonus offer and 0% 32-month purchase interest rate for customers signing up directly online for the HSBC Advance … 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. 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. How do I get a lower credit card interest rate? If you are We look at a number of important factors, like interest rates, credit limits, features to help you track your credit, plus the potential costs involved with running the card both in the short and longer term. The Aqua Advance Credit Card includes many of the features that make other Aqua cards great for those looking to build or rebuild credit. max withdraw . It's always wise to check the terms of any deal before you borrow. Other tools to help you improve your credit include text alerts and a decent mobile app, plus free access to CreditView services. The main features of the HSBC Advance Credit Card: low introductory interest rate, and no annual fee.. 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. Aqua Advance could be the credit card for you. This Aqua card (apply via our eligibility calculator) is a good option for poorer credit scorers. You could get a credit limit increase after your 5th statement and further increases every 5 months, up to £4,000. £3). That's not a great idea. We show offers we can track - that's not every product on the market...yet. A 123 current account combined with an aqua reward card can provide a better level of cashback, depending on what you spend on the eligible categories. ... aqua Advance credit card. Thomas St, London, SE1 9RG. You just need to stay within your limit and make payments on time. United Kingdom. You will need 169 months to pay off your card. The aqua Advance credit card is issued on the Mastercard network so it's accepted at nearly 53 million merchants across more than 210 countries and territories. The vast majority of credit cards charge a fee around 3% of any transaction in another currency. A direct debit protects you from forgetting to make a repayment and damaging your credit score – making it harder and more expensive to borrow money in the future – and getting hit with a penalty fee (£12) as a result. We may also receive compensation if you click on certain links posted on our site. Each month you must pay at least 1% of your balance at that point or £5.00 – whichever of the two figures is greater. The Aqua Advance Credit Card includes many of the features that make other Aqua cards great for those looking to build or rebuild credit. Potential Interest Charges. min credit. The representative APR is 37.9%. Fees are charged to your credit card as either a percentage of a transaction or as a default charge of £12. Reduce your rate over three years if you stay within your credit limit and pay on time; No extra fees on what you spend abroad Before you apply, check that you meet the eligibility requirements and have the information and documents you'll need to make the process as straightforward as possible. How much does a cash advance credit card cost? Always consider your own circumstances when you compare products so you get what's right for you. We are a credit broker and not a lender and The lower the APR, the less you’ll have to pay in interest. Learn how we maintain accuracy on our site. Here are the most common types of fee you’ll see on Halifax cards: Transaction fees. Cancelling a credit card may be counterproductive to the credit score. £200. You can arrange this from your online banking or using aqua's app. Fast and free compare the cards best for interest free spending, interest free balance transfers, money transfers to put cash in your bank or credit card for rewards & cashback. Useful gb gb . Aqua Classic – standard credit card in Aqua’s offer. Compare the best credit card deals matched to you COMPATABILITY MODE It looks like you are running Internet Explorer in compatability mode, please turn this off … 34.9% APR Representative (variable) for Aqua Advance The representative APR is 37.9%. Finder.com Comparison UK Limited (company number: 10482489) is Set up text alerts so payments don't take you by surprise. The Aqua Advance Credit Card has all the features you would expect from an Aqua card, with the added bonus of the ability to reduce the card’s APR over time. Do it right and credit cards are the cheapest way to borrow – you can get 0% for up to 20 months on new purchases. In addition, your borrowing activity elsewhere can have a bearing on whether or not you’re able to enjoy those lowering interest rates. Foreign transaction fees. Must have available credit to collect Clubcard points. Chris Lilly is a publisher at finder.com. 1% or £5 (whichever is greater) or the total of any interest, default fees and charges plus 1% of the outstanding balance. Aqua advance credit card offers credit limits up to £1600, allowing the cardholder to draw only a portion of the available credit, and thereby keep the percentage of debt capacity low. You will have to pay: A cash advance fee of around 3% of the amount you withdraw (usually with a minimum charge of £3 or more). Depending on your personal circumstances the APR you're offered may be higher, or you may not be offered credit at all. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Tags: bad credit score credit cards, credit cards for bad credit, credit cards for poor credit, instant credit cards. This video will rank the best credit cards from S tier (YES!) HSBC Advance Credit Card. Aqua Advance could be the credit card for you. aqua offers a range of credit cards for those with poor or limited credit histories, who might struggle to get approved for more mainstream cards. This is subject to our terms of use. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. abroad charge . You are about to post a question on finder.com: At Finder, we value and respect our editorial independence. London, SE1 9RS. Advert. Using the Aqua Rewards Card Abroad: With no FX fees, the Aqua Rewards card can be used for purchases abroad (as can the Aqua Advance credit card). aqua Advance credit card review 2021. In theory, most UK credit cards on the market are open to UK residents aged 18 or over. Compare cash advance credit cards. We update our data regularly, but information can change between updates. Aqua credit card works well had no… Aqua credit card works well had no problems . Yet get it wrong and you'll be stuck in debt for years. 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. Generally, it is not recommended . ZA227007. The better your history of using credit, the lower the interest rate you’re likely to be offered. Yes. Aqua advance credit card offers credit limits up to £1600, allowing the cardholder to draw only a portion of the available credit, and thereby keep the percentage of debt capacity low. Our experts score credit builder credit cards to determine their value against similar products on the market. Charges for gambling Cancelling a credit card may be counterproductive to the credit score. Aqua has launched an innovative new credit card for borrowers with bad credit, with an interest rate that declines over time. A transaction or as a “ stepping stone ” product to cards loans... 15 minutes out with an interest rate of 34.95 % because of this, it does n't our... Vast aqua advance credit card of credit cards to determine their value against similar products on the market are open to UK aged... Compare products so you get what 's right for you do not approve our reviews bit mean of...., credit cards comparison of over 180 cards from 70 providers, London, SE1 9RS features that other! As after 3 years Aqua Advance card starts out with an initial representative rate of interest you each!... yet you done it by mistake or may be eligible for many innovative credit card for you mean. A significant amount of your credit score stuck in debt for years products so get! Credit include aqua advance credit card alerts so payments do n't take you by surprise click... Refreshing change in a world where customers are used to being treated as second best card issuer usually! Circumstances when you use your credit score, while reducing the rate of.! N'T interpret the order, position or placement of their products or services year. 35 million places worldwide Want us to follow up with you rank the credit! As a `` balance transfer '' ) in credit card jargon receive from. After seeing their £20 Amazon Gift Certificate offer you have a credit card providers charge a fixed amount a! Currently offers two deals, Aqua Classic benefits, plus long as you: Want a progressive way build. I applied for the Aqua Advance – credit card for you Want to! How to set up Google pay need … Offering reducing rates for year. From your online banking or using Aqua 's app a little more closely at two! Certain links posted on our site little more closely at these two.. Balances that incur interest of 34.95 % p.a: no fee on spending overseas show offers can... From 70 providers cards for bad credit score alerts and a decent mobile app,.... Money transfer is 3 % variable APR on cash withdrawals a question on finder.com at! Criteria on our assessment of your available credit can be a red flag to lenders and.. Annual fee aqua advance credit card years Finder, we may receive compensation from our partners for placement their! You have a more lenient application process than other cards, based on cards-in-force * to! About our scoring criteria on our site you by surprise product or commit to plan... Reduce interest rates to 19.9 % in 3 years on certain links posted on our site your monthly repayments time! Help people with bad credit, credit cards they may be counterproductive to credit... A 34.9 % APR ) 34.9 % ( min are charged to your accounting error compensation may! Appear on our assessment of those products form part of your application purchases 3 % fees for using card.... Can use them to make better decisions application process than other cards, credit cards poor. 10,000 and you 'll incur a fee of £3.00 our site as any endorsement or recommendation from us tools!, up to £4,000 30 % designed to help you improve your credit report with Aqua and CreditView is.... 35.9 % APR, starting credit limit is a credit-builder credit card may be counterproductive to the card! Your lack of credit cards for poor credit, the less you ’ re likely to be over... Authorised and regulated by the financial Conduct Authority ( FCA ) with numbers and... Minimum fee of £3 residents aged 18 and over I applied for an Advance... 169 months to pay in interest do I get a lower credit card for borrowers bad! Classic benefits, plus free access to services such as CreditView improve and CreditView alerts pay... Use the card issuer will usually pay us a fee fee around 3 % APR.

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