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Aqua transferring to Progressive Credit Ltd
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# 1
Old 27-01-2012, 10:04 AM
MoneySaving Convert
Join Date: Feb 2008
Posts: 21
Post Aqua transferring to Progressive Credit Ltd


I've had a letter this morning telling me that my Aqua credit card agreement will be transferring to Progressive Credit Ltd as of 1st March 2012. They say in their letter and the online FAQ that only the credit agreement is changing, the details e.g. credit limit, APR, direct debt is staying the same.

Doing a bit of trawling, I understand that Progressive also took over marbles and Citibank cards. As I clear the balance every month and have just been accepted for a main stream credit card, I was going to hold the Aqua in reserve. Is this worth doing if Progressive are in charge or shall I dump it?

Opinions welcome.

TheLastMinute is offline
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# 2
Old 27-01-2012, 10:43 AM
Fantastically Fervent MoneySaving Super Fan
Join Date: May 2008
Posts: 7,494

Have you read many of the threads about how Progressive Credit Ltd treated ex-citi customers?

Might be an idea. You'll get your answer then
Cashback Earned Nectar Points 68 Natoinwide Select 62 Aqua Reward 100 Amex Platinum 48
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# 3
Old 27-01-2012, 11:33 AM
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Join Date: May 2009
Posts: 9,067

I like this term "
30. Is my debt still enforceable?

Yes. The status of your credit agreement has not changed and you should continue to maintain your account in accordance with the terms and conditions of your credit agreement.
Don't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.
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# 4
Old 17-03-2012, 8:41 PM
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Join Date: Jul 2006
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Anyone just had a letter saying they are increasing the APR from June?

Mine arrived today saying it is going up from 39% to 45%.
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# 5
Old 17-03-2012, 10:57 PM
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Join Date: Jun 2011
Posts: 199

i got a mail shot from aqua today asking if id like to apply (part prefilled application form and credit agreement) apr advertised was 35.9%
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# 6
Old 18-03-2012, 1:10 AM
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Join Date: Mar 2012
Location: Dundee
Posts: 58

I closed my card today! They are putting the apr up to 45.9% for purchases and cash to 49.9% absolutely ludicrous!!
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# 7
Old 18-03-2012, 1:45 PM
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Join Date: Dec 2011
Location: West Yorkshire
Posts: 1,546

Champion guys will reject this hike when I get the letter
LBM Nov 2011, Amount owed 14,258.67, 1,977.81 now owed, 12,280.86 paid off 86.13%
No 149: Debt free for Christmas 2012 Cleared Next, Wonga, Phoneix, Family loan, Vanquis, Aqua, Everyday. Still to clear Barclaycard, Capital one, & FD loan Just under 2050 days till I'm a normal person with a normal file
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