V A N Q U I S

Watalie

It looks like I am on Tier C - so yes, people are on the lower tiers.

Kyresa

.1xp wrote: »

I wander if anyone is on any of the lower tiers or been offered a reduction at any point? I doubt it, but would be interesting to know

I'm a tier C.

jackjones01

I was offered 59% will that reduce over time its shockingly high?

Kyresa

jackjones01 wrote: »

I was offered 59% will that reduce over time its shockingly high?

Nope. Use it wisely for a couple of years (i.e. only spend what you can afford to pay back and avoid as much interest as possible) and then you'll be able to move up to one of the less "sub prime" cards.

If you're looking to only repay minimum back every month I'd urge you to cut it up now!!

jackjones01

Kyresa wrote: »

Nope. Use it wisely for a couple of years (i.e. only spend what you can afford to pay back and avoid as much interest as possible) and then you'll be able to move up to one of the less "sub prime" cards.

If you're looking to only repay minimum back every month I'd urge you to cut it up now!!

Im gonna make small purchases and pay the balance off in full every month. As I dont want to fall into the credit card trap.

Kyresa

jackjones01 wrote: »

Im gonna make small purchases and pay the balance off in full every month. As I dont want to fall into the credit card trap.

Aye, that's what I'm doing, no greater than £100 spend on the card per month and paid in full by direct debit!

whybother?

I have been moved from Tier C to Tier B...but I reckon this is more to try to get me using my card again. Possibly not used it for 18 months...but it did me a massive favour when I did need it

gazelle8760

Kyresa wrote: »

No, it means they will phone you, go through some questions, then tell you yes or "we will get back to you" based on your answers.

If yes they will try and sell you ppi (NO!) and a cash advance (NO!)

Add £50 to whatever your cash advance is and that is your credit limit.

The above is not necessarily correct, as I was offered a £200 cash advance from Vanquis, but declined, and the card arrived and a limit of £500 was given. Incidently, this was only six weeks ago, so hope this helps?

Kyresa

gazelle8760 wrote: »

The above is not necessarily correct, as I was offered a £200 cash advance from Vanquis, but declined, and the card arrived and a limit of £500 was given. Incidently, this was only six weeks ago, so hope this helps?

Then you're the first person in this thread to have differed from the norm.

Watalie

I was offered £250 Cash Advance and my initial Credit Limit was £500