V A N Q U I S

seeya23

good job it was on the 0800 number

ssmith.73

Just been turned down for a Vanquis card, is it worth ringing them to look at it again, or just wait the 6 months?

Dear ,

Thank you for your interest in a Vanquis Visa Card.

Unfortunately from the information in your application we regret that we cannot
offer you a Vanquis Visa Card on this occasion, as you do not meet our criteria
at this time. However we welcome you to reapply after 6 months if your
circumstances change.

To help your chances of a successful application in the future, we also
recommend that you ensure that you are on the voters roll and that you keep up
to date with payments on any other credit agreements you may have.

Should you require a copy of your credit reference information held by the
credit reference agency Experian, you can write to them at the following
address:

Experian Limited
PO Box 8000
Nottingham
NG1 5GX

Or phone on:

0870 241 6212

You have the right under the Data Protection Act 1998 and Consumer Credit Act
1974 to see information held about you.

Please do not respond to this e-mail, as your e-mail will not reach us. If you
have any questions call us on 0871 770 5555 and select option 3 (please note
that calls are charged at national rate). Lines are open Mon-Fri 8am -8pm, Sat
9am-5.30pm.

Yours sincerely
Customer Service Team

seeya23

i would wait what other Credit do you have ??

take a look here
http://forums.moneysavingexpert.com/showthread.html?t=2096485

alfred64

ssmith.73 wrote: »

Just been turned down for a Vanquis card, is it worth ringing them to look at it again, or just wait the 6 months?

Dear ,

Thank you for your interest in a Vanquis Visa Card.

Unfortunately from the information in your application we regret that we cannot
offer you a Vanquis Visa Card on this occasion, as you do not meet our criteria
at this time. However we welcome you to reapply after 6 months if your
circumstances change.

To help your chances of a successful application in the future, we also
recommend that you ensure that you are on the voters roll and that you keep up
to date with payments on any other credit agreements you may have.

Should you require a copy of your credit reference information held by the
credit reference agency Experian, you can write to them at the following
address:

What are your present circumstances?

Vanquis card is probably the easiest one to get. First, look to see what the cra's have on you.

ARTooD2

never-in-doubt wrote: »

Good luck - keep us informed.... (My 10,000th post) yey!

WEll according to the royal mail they got my letter today so hopefully hear something soon....and on another note...FOUR DAYS TO DELIVER A FIRST CLASS LETTER!!!! Shocking...

never-in-doubt

ARTooD2 wrote: »

WEll according to the royal mail they got my letter today so hopefully hear something soon....and on another note...FOUR DAYS TO DELIVER A FIRST CLASS LETTER!!!! Shocking...

Its Xmas post though mate - always slow! :p

Keep us updated....

rev_henry

I've just been accepted for a Vanquis Card, 59.9% APR. I've just been looking through the T&Cs on their website and I don't quite understand this:
Up to 56 days interest-free on purchase transactions only, where you have paid off two or more consecutive current statement balances in full and on time.
AND
You will not pay interest on new purchases if you pay your balance in full and on time.

I thought that if I just cleared the balance in full each month I wouldn't be charged interest? But this 56 day thing suggests otherwise to me. Can someone explain please?

callum9999

rev_henry wrote: »

I've just been accepted for a Vanquis Card, 59.9% APR. I've just been looking through the T&Cs on their website and I don't quite understand this:
Up to 56 days interest-free on purchase transactions only, where you have paid off two or more consecutive current statement balances in full and on time.
AND
You will not pay interest on new purchases if you pay your balance in full and on time.

I thought that if I just cleared the balance in full each month I wouldn't be charged interest? But this 56 day thing suggests otherwise to me. Can someone explain please?

I'm not the best person to reply, but from what I can gather, the 56 days is the 1 month interest free + the time between the bill date and the final payment date.

rev_henry

callum9999 wrote: »

I'm not the best person to reply, but from what I can gather, the 56 days is the 1 month interest free + the time between the bill date and the final payment date.

I thought that was how it worked, but what's this about paying off 2 bills first?

BlondBoy

rev_henry wrote: »

I thought that was how it worked, but what's this about paying off 2 bills first?

Because otherwise you'll have trailing interest from previous months. It won't affect you if you pay in full every month before the statement date.

But if you don't and carry a balance over from month 1 to month 2, month 2's statement will have interest on that balance. But if you settle in full by month 2's payment date, you will still have interest to pay in month 3 - which is the interest charged between month 2's statement being issued and you making the payment. Settle in full again after month 3's statement, and there's no interest to roll on.

Effectively, you always need to settle a CC bill in full and on time for two months to make sure the third is interest free. Pay in full and on time every month - no trailing interest, transactions interest-free.

Hope that makes sense (or someone can explain it a bit better!).