V A N Q U I S

lemma1968

I started off with £250 in August and have just my first increase to £500. I pay off in full every month.

slg_sue

Hi all, I had a call from Granite today (underwritted by Vanquis). I applied simply because I was fed up with their emails, didnt think I had a chance in hell of being excepted. I would hate to see my credit file, full of defaults, a couple of ccj's blah blah blah!!!! I have just gone over 6 months mortgage payments without a problem though (could have helped). I nearly laughed when the guy told me I had been accepted, of course I said no to the £100 cash advance. I know the interest will be through the roof but only intend to use it once a month and clear in full every month. Going to give the card to my DH to look after Has anyone else had any experience with this part of the company. I did apply to Vanquis months ago and was REFUSED!!!

only_mee

Went BR 4 years ago just got accepted had the text, pin number, DD mandate through just waiting the card.
Text said limit is £250
Will be paid every month in full not going BR again

missymugwump

mine went from 750 june to 2500 this week
payed in full first 3 months double the minimum payment since

alfred64

Everyone is much better off without a high credit limit because if you do, say, have a £2500 limit - which mine was before I cleared and cancelled the card - then the temptation will always be there, especially at this time of year, to use it without being able to clear the balance before it attracts a stinging rate of interest.
My interest rate when I first took out the card was 34.9%. At the end it was 59.9%.
I never once missed a payment - sometimes clearing the balance, sometimes carrying it for a while if I made a large purchase.
Goodness knows why they kept raising my interest rate. They killed this golden goose some time ago.

BugsyBrowne

alfred64 wrote: »

Everyone is much better off without a high credit limit because if you do, say, have a £2500 limit - which mine was before I cleared and cancelled the card - then the temptation will always be there, especially at this time of year, to use it without being able to clear the balance before it attracts a stinging rate of interest.
My interest rate when I first took out the card was 34.9%. At the end it was 59.9%.
I never once missed a payment - sometimes clearing the balance, sometimes carrying it for a while if I made a large purchase.
Goodness knows why they kept raising my interest rate. They killed this golden goose some time ago.

Agreed
Most vanquis customers are mainly people who have in the past have not been very good with money hence the reason they are vanquis customers,I don't blame you alfred getting shot of that card wonder how many vanquis customers this christmas will smash their credit cards through the tills.

KingElvis

They do have some scary rates, the thought of carrying a balance on one of these puppies makes me shudder.

BugsyBrowne

KingElvis wrote: »

They do have some scary rates, the thought of carrying a balance on one of these puppies makes me shudder.

Could not agree more Mr Elvis.

Kyresa

star-fire wrote: »

Agreed
Most vanquis customers are mainly people who have in the past have not been very good with money hence the reason they are vanquis customers,I don't blame you alfred getting shot of that card wonder how many vanquis customers this christmas will smash their credit cards through the tills.

Why DO you keep coming into this thread to be all moralistic. We are all well aware why we have vanquis cards. What exactly are you trying to achieve by posting the same stuff over and over (so much so in fact that you are the seventh highest poster in this thread of over 2000 posts!!)

Leave us alone now, eh?

BugsyBrowne

Kyresa wrote: »

Why DO you keep coming into this thread to be all moralistic. We are all well aware why we have vanquis cards. What exactly are you trying to achieve by posting the same stuff over and over (so much so in fact that you are the seventh highest poster in this thread of over 2000 posts!!)

Leave us alone now, eh?

7th highest wow,maybe i should post more to break into the top 3.