The Vanquis Credit Card is one of the many Credit Builder Credit Cards accessible in the UK. It is especially suitable for those who have a bad credit rating. This card allows you to buy goods and services within and out the United Kingdom.
In result, you are borrowing money within provided credit limit that you can spend up to and, if you do not pay balances in full by the due date every month, you will have to pay interest.
Vanquis credit cards are also helpful for cash withdrawals at many ATMs around the globe with a 3% withdrawal fee, but for using abroad 2.99% non-sterling transaction fee will be applied.
A monthly statement will be sent to you and you will be needed to pay set % of the balance monthly.
The APR of Vanquis Visa Credit Card is higher other credit cards in the UK market because the card is aimed towards those who may have a few flaws on their credit file.
Representative 39.9% APR (variable)
Vanquis Card also gives tips on web portal to help customers learning about managing and using cards as well as credit limit. It is really simple for customers to stay up-to-date with their balance, statements and payment dates through management tools on the website.
Customers can check the details by login, which will support them not to cross the limit and incur charges.
Vanquis Credit Card Features
In case of poor or no credit history at all, Vanquish may help you improve or build your credit rating with the credit reference agencies. A 56 days interest-free period is given on purchase transactions. This means that if, you pay off the amount of transaction from using your card, you will not pay interest as long as you have paid off a least of two consecutive current statement balances in full on time
A Reasonable Starting Credit Limit
As a new client, you’ll begin with a simply manageable credit limit somewhere in the range of £150 and £1,000. After your fifth statement, you might be eligible for a credit limit increase that will further increase up to £4,000 every 5 months,
Responsive UK Customer Service Call Center
Vanquish has responsible and consistent help whenever you need. Vanquish Customer Service agents are extremely upbeat to tune.
Supple Card Repayment Options
Life is volatile at sometimes and your circumstances can change at any time. That’s why Vanquish poor credit limit cards give flexibility to budget. So that, you pay off what you can afford each month.
Eligibility Criteria Applying for Vanquis Credit Card
Applying for Vanquis credit card you must:
- Be aged at least 18
- Be a UK resident
- No bankruptcy
- Contactable by phone
How to Apply for a Vanquis Credit Card?
The application process is fast and simple. If you meet the above criteria and application requirements, you will be able to sign up for a credit card for bad credit by filling the online application form on the Vanquis bank website.
The Vanquis bank will do credit reference search and Bank will confirm both your identity and address. An immediate decision is frequently provided to know that whether you have been accepted or rejected.
How to Manage the Account with Vanquis Bank?
It is easy to register with eVanquis so that you can use the Internet banking service. This service will enable you to do things like making a balance inquiry, checking transactions by getting an online statement and paying funds into your credit card account to decrease or clear the amount.
SMS account management is also available.
Vanquis Credit Card Monthly Charges and Payments
There is no monthly and annual administration fee. There are other fees potentially payable.
Vanquis Card Fees
Maximum APR %
- The arrangement fee is £0
- Early repayment fee is £0
- Late payment fee is £0
Making Balance Transfers with Vanquis Card
It is possible to transfer the balance of the Vanquis Credit Card to the account of any other provider. This is only attractive if the other provider charged a lower interest rate as this would save your money. It is also possible to transfer money from your Vanquis Credit Card account to a bank account.
Using Vanquis Credit Card Abroad
Credit card can be used overseas everywhere the Visa sign is displayed to purchase goods in shops or for a meal in a restaurant or to pay for hiring a vehicle and insurance. It is also usable on worldwide partner ATMs.
How to Pay Bill?
There are a number of ways to pay bills by making payment into your credit card account. Like
- You can also complete a pre-printed giro which is attached to your statement. Pay them in over the counter at your bank or at the Post Office.
- A cheque can be used to send with a pre-printed giro in the post to Vanquis Bank.
- Register with eVanquis to access your account online and make payments by debit card. You can also set up a direct debit.
Penalties for Late Payment
You will be charged £12 as a late payment fee.
The interest rate relies upon your credit history with the information that is on your application form and the credit reference agencies. You are supposed to pay a high-interest rate.
APR is also high for those that are supposed to be a greater risk. Cash withdrawals draw a higher rate of interest when you buy items using the credit card.