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Aqua transferring to Progressive Credit Ltd
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# 1
TheLastMinute
Old 27-01-2012, 11:04 AM
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Join Date: Feb 2008
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Post Aqua transferring to Progressive Credit Ltd

Hi,

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.

Cheers,
TLM
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# 2
izools
Old 27-01-2012, 11:43 AM
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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
chanz4
Old 27-01-2012, 12:33 PM
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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
LeeUK
Old 17-03-2012, 9:41 PM
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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
skintdad
Old 17-03-2012, 11:57 PM
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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
Davie2909
Old 18-03-2012, 2:10 AM
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Join Date: Mar 2012
Location: Dundee
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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
camuk81
Old 18-03-2012, 2:45 PM
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Join Date: Dec 2011
Location: West Yorkshire
Posts: 1,546
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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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