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  • FIRST POST
    • nasca07
    • By nasca07 30th Nov 14, 11:15 PM
    • 14Posts
    • 4Thanks
    nasca07
    Aqua card - credit limit highier than £3750
    • #1
    • 30th Nov 14, 11:15 PM
    Aqua card - credit limit highier than £3750 30th Nov 14 at 11:15 PM
    Hello,

    I got this card in 08/2013 and I started with a credit limit of 250. They increased it constantly and few days ago they increased my limit to 3750. I am just curious if I can get an higher limit. I heard that vanquis has a maximum of 3000, but didn't find anything about the maximum with aqua.


    Thanks
Page 3
    • lesgtfc
    • By lesgtfc 17th Dec 15, 2:17 PM
    • 1 Posts
    • 0 Thanks
    lesgtfc
    My Aqua limit was recently increased to £4250. Do I win?
    Originally posted by Oldfatgrumpy
    Nope, read post 24.

    I too have a £4250 credit limit which has been increased several times since I first got the card 18 months ago.
    • john1002
    • By john1002 17th Dec 15, 7:00 PM
    • 858 Posts
    • 362 Thanks
    john1002
    £4450 for me having had the card just over 12 months.
    • A4445
    • By A4445 18th Dec 15, 8:17 PM
    • 600 Posts
    • 279 Thanks
    A4445
    Imagine how much the interest would be if you owed at £4450 @ 34.9% crippling!
    • john1002
    • By john1002 18th Dec 15, 8:27 PM
    • 858 Posts
    • 362 Thanks
    john1002
    Even more scary is how much my yearly statement showed how much I have used the card over 13,000 worth of transactions but have never paid any interest and as I have the cash back card gives a little back. Your right though on any credit building card if you paid interest it would be difficult to make inroads, and any drop in income would be difficult.

    John
    • A4445
    • By A4445 18th Dec 15, 8:29 PM
    • 600 Posts
    • 279 Thanks
    A4445
    A rough estimate would be £1500 per year in interest!
    • vinny_vimto
    • By vinny_vimto 19th Dec 15, 7:42 PM
    • 64 Posts
    • 6 Thanks
    vinny_vimto
    I have an 8k limit on Aqua had it for 5 years. I also have 3 other cards barclaycard, MBNA and lloyds all with 5-6 k limit all 0 % and my income is only £22k a year.
    • chuckley
    • By chuckley 20th Dec 15, 7:45 PM
    • 4,352 Posts
    • 1,675 Thanks
    chuckley
    aqua have 3 different card right? so surely each one has it's own level of 'increases/limits'?
    *~* Valued Opinions - £40; Quidco - £92.77; Lightspeed Panel - £40; My Survey - £20; Consumer Pulse - £190; Toluna - £44; Ciao - £42.47; GfK - £50; Pigsback - £20; ABAi - £10; Panelbase - £10.45; Grassroots - £50 *~* Blue Text = Account now closed

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    • moshoodo1
    • By moshoodo1 23rd Dec 15, 12:55 PM
    • 155 Posts
    • 56 Thanks
    moshoodo1
    I have Aqua Advance with reduced apr every year, less than 2years now and I am now on £6,900 Limit.
    they give me increase every 4months.
    Aqua Advance £ 8000 | BC Platinum Card 25/25 £6000 | 24 studio £1950 | SimplyBe £1800 | Nationwide Flexplus A/C OD £500| Meaningless Noddles score= 3/5
    • darkidoe
    • By darkidoe 25th Dec 15, 2:29 AM
    • 862 Posts
    • 974 Thanks
    darkidoe
    I have Aqua Advance with reduced apr every year, less than 2years now and I am now on £6,900 Limit.
    they give me increase every 4months.
    Originally posted by moshoodo1
    What's your APR at the moment? Has it decreased after the first year and by how much?

    Save 12K in 2017 # 9 £7 616.65/15 000 (50.78%)
    Save 12K in 2016 # 8 £19 721.58/12 000 (164.35%) Achieved!
    • tomxlisa
    • By tomxlisa 25th Dec 15, 4:37 AM
    • 351 Posts
    • 40 Thanks
    tomxlisa
    I suspect you may find that it is because you have multiple searches on your file. Might be making you look desperate for credit?

    Did you check your files before you applied (anywhere)?
    Originally posted by Vikipollard
    I am guessing it is the searches which are causing me a huge problem as I have no other negatives on my files, I will leave it a few months by that time they should all be off my reports, so hopefully by then I should start to get more positive news trying to get credit.
    • Cazz1993
    • By Cazz1993 29th Apr 16, 4:08 PM
    • 1 Posts
    • 0 Thanks
    Cazz1993
    I have an Aqua card and got it when I started my first job, just over a year ago. I was only on £420 a month and was accepted straight away.
    • Biggles
    • By Biggles 29th Apr 16, 8:49 PM
    • 7,392 Posts
    • 4,779 Thanks
    Biggles
    £4450 for me having had the card just over 12 months.
    Originally posted by john1002
    Same here, I've had mine only a little longer.

    Good value for the reward card.
    • PJHilder
    • By PJHilder 10th May 16, 1:50 PM
    • 128 Posts
    • 27 Thanks
    PJHilder
    Aqua will sometimes offer you BT deals. Was going to close mine but they offered 4.9% for 6 months.
    • Andybez38
    • By Andybez38 16th May 16, 5:29 PM
    • 1,674 Posts
    • 1,130 Thanks
    Andybez38
    I'm currently on a credit limit of £4450 after 1 year & 3 credit limit increases. I have found aqua to be generous with their limits, if you keep your account in good order.
    • Somerset La La La
    • By Somerset La La La 14th Jun 17, 1:45 PM
    • 388 Posts
    • 101 Thanks
    Somerset La La La
    I kept getting declined by them, only showing as 10% on all the eligibility checkers.

    Stuck an application through for the Reward Card in November 2016 just for the fun of it.... (about the 15th one in that 12 months) to see what happened (bearing in mind I had 90 odd searches at the time). Referred, as per usual.... but amazingly, a credit card dropped through my door.

    £900 starting limit too (higher than the limit I defaulted with a few years previously!)

    Asked for an increase to £1,500 in January, as £900 isn't really enough, especially if trying to keep utilization of each card < 50%. They declined it and went on about how affordability was assessed at application so must be correct etc etc, try again after 6 months.

    Asked again in May, this time for £1,750, which I thought would be a fair increase. They gave me £1,950, effective immediately. So an increase of £1,050, the day after my 7th statement, but only by request. My 1st statement was very low value as it was within 2 days of the card arriving!

    Can you only hold one from NewDay? I'm still 10% chance for all Aqua cards. Tried the Amazon one just to get the £20 voucher and they said no on the soft search.

    Spent about £4k on it, so will probably hit £25 in cashback by the end of the year.

    As they seemingly don't want to auto increase me, and I'm stuck with these 2 cards for the next year at least, I'm tempted to just keep asking for £500 every few months and seeing what happens....

    Current util is 13% on Cap1, 38% on Aqua - so I'd imagine any manual increases would be declined due to relatively low usage, they'd know I'm just trying to bump my file!
    Ex-Bankrupt, Discharged 09/2015
    Cap1 Platinum - Jul 2016, £3,500.... Consolidation game! + £500
    Aqua Reward (0.5% Cashback) - Nov 2016 - £1,950
    Vanquis Chrome 24.7% (rare use, want high limit reported) - July 2017, £1,000
    Drafty (Reports as a credit card!) - £300
    Rebuild for Mortgage (10/2018)
    • adindas
    • By adindas 16th Jun 17, 6:42 AM
    • 3,223 Posts
    • 1,556 Thanks
    adindas
    Imagine how much the interest would be if you owed at £4450 @ 34.9% crippling!
    Originally posted by A4445
    A rough estimate would be £1500 per year in interest!
    Originally posted by A4445
    Many people are using credittcard as a method of payment and not intended to get a loan. If you want a loan, in general it is cheaper to apply for a loan rather than using credit card.

    So interest here is irrelevant as you will never pay interest if you clear your statement balance in time.
    Last edited by adindas; 16-06-2017 at 10:28 AM.
    • Somerset La La La
    • By Somerset La La La 17th Jun 17, 1:34 PM
    • 388 Posts
    • 101 Thanks
    Somerset La La La
    Many people are using credittcard as a method of payment and not intended to get a loan. If you want a loan, in general it is cheaper to apply for a loan rather than using credit card.
    Originally posted by adindas
    Completely agree with both those points

    So interest here is irrelevant as you will never pay interest if you clear your statement balance in time.
    Originally posted by adindas
    I don't agree it's irrelevant - it's still important to be aware of, and if the user can switch to a prime card at any point in the future, then to take it.

    I say that purely because you never know what life will throw at you.

    At the monthly peak, my combined max balances on credit cards is about £1,300. Part of that is to 'play' the 50 odd days interest free, part of it is just normal spending.

    If something were to happen that ment I could not pay my full balance back immediately, I'd have no choice but to make the minimum payment (or more), but thus incur interest at the rate of the card.

    For me, that's Aqua Reward @ 34.9%, and Cap1 Platinum @ 29.84%. I know both of those use risk-based pricing, so my rate may be lower than others.

    If I had £1,000 on a card, and couldn't repay in full next month, I'd be happier knowing it's on the Cap1 than on the Aqua. I'd be much happier knowing it's on the Cap1 or Aqua than say a Tier H Vanquis Card @ 79.9%!
    Ex-Bankrupt, Discharged 09/2015
    Cap1 Platinum - Jul 2016, £3,500.... Consolidation game! + £500
    Aqua Reward (0.5% Cashback) - Nov 2016 - £1,950
    Vanquis Chrome 24.7% (rare use, want high limit reported) - July 2017, £1,000
    Drafty (Reports as a credit card!) - £300
    Rebuild for Mortgage (10/2018)
    • dazzaofdagenham
    • By dazzaofdagenham 1st Aug 17, 2:22 PM
    • 1,044 Posts
    • 359 Thanks
    dazzaofdagenham
    Just got a aqua card with a very checked credit history...I have a CCJ that drops off my report on the 1st Sep 2017 and then I'm more or less credit report good.

    They gave me a 900 pounds limit which is far higher than I expected from them.

    Looking at the credit limits listed here it would be truely shocking to carry a high balance on a month to month basis
    • hign10pines
    • By hign10pines 1st Aug 17, 4:23 PM
    • 355 Posts
    • 357 Thanks
    hign10pines
    Got mine 03/09/14. opening balance £100, July 2015 increase to £200, nothing since

    Surveys 2017: Opinion Outpost - £5 £10 | Prolific - £20.55 £65
    Debt: £7462 | 1250 OD | 189 Aqua | 4773 Loan | 460 Lloyds | 435 Marbles | 355 Barclaycard
    • stevenhp1987
    • By stevenhp1987 1st Aug 17, 7:58 PM
    • 369 Posts
    • 334 Thanks
    stevenhp1987
    Got mine 03/09/14. opening balance £100, July 2015 increase to £200, nothing since
    Originally posted by hign10pines
    From your signature, you seem to carry quite a bit of debt. Most likely too big a risk for them to offer increases.
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