Vanquis Increases / Statements

never-in-doubt

Mooey65 wrote: »

I got mine in Jan this year, can any tell me if the APR comes down and if so when?

you can, if you're a good customer, ring and ask to go to teir A (assuming you're on B or C at the mo...) worth a try, if you've been with them a while otherwise forget it, they won't take risk....

Mooey65

never-in-doubt wrote: »

you can, if you're a good customer, ring and ask to go to teir A (assuming you're on B or C at the mo...) worth a try, if you've been with them a while otherwise forget it, they won't take risk....

Sorry am not good at this
B or C?

never-in-doubt

Mooey65 wrote: »

Sorry am not good at this
B or C?

Look at the email you got with Vanquis rates, on the back of the CCA, they have teirs that determine your apr - A is the best and lowest for the better customers. Most newbies get C or D......

never-in-doubt

http://www.vanquis.co.uk/home/Terms_and_Conditions.aspx

go down to other financial info and see this:

3.1 The annual interest rate (compounded) and the total charge for credit in relation to your Account at the time of the agreement is from one of the tiers A, B, C, D or E below. The total charge for credit is based on a Credit Limit of £1,500 which you borrow in full at the start of the agreement and is repaid in full by you making 12 equal monthly repayments beginning one month after the start of the agreement. The total charge for credit is made up of interest and (in the case of cash) a Cash Transaction fee as shown below for each tier. Each figure for the total charge for credit set out below assumes no cash is borrowed. All interest rates are variable:

• 3.1.1 Tier A) Purchase/Balance Transfer Transaction annual rate 19.94%, Cheque Transaction annual rate 29.95%, Cash Transaction annual rate 33.97%, Cash Transaction fee 3%/£3. Total charge for credit £153.02 or
• 3.1.2 Tier Purchase/Balance Transfer Transaction annual rate 29.95%, Cheque Transaction annual rate 39.94%, Cash Transaction annual rate 44.27%, Cash Transaction fee 3%/£3. Total charge for credit £223.78 or
• 3.1.3 Tier C) Purchase/Balance Transfer Transaction annual rate 39.94%, Cheque Transaction annual rate 49.94%, Cash Transaction annual rate 54.57%, Cash Transaction fee 3%/£3. Total charge for credit £291.09 or
• 3.1.4 Tier D) Purchase/Balance Transfer Transaction annual rate 49.94%, Cheque Transaction annual rate 59.94%, Cash Transaction annual rate 64.88%, Cash Transaction fee 3%/£3. Total charge for credit £355.37 or
• 3.1.5 Tier E) Purchase/Balance Transfer Transaction annual rate 59.94%, Cheque Transaction annual rate 69.51%, Cash Transaction annual rate 74.75%, Cash Transaction fee 3%/£3. Total charge for credit £416.94.

cifpower

Of course mine isn't any at a purchase rate of 34.9% APR

Mooey65

Am on D I think wow that's bad

victor-meldrew_4

Mooey65 wrote: »

Am on D I think wow that's bad

IM on the worst rate 47 apr.they were the first to put me back on the credit map.but barclaycard and others followed weeks later.basicly vanquis done all the checks,paperwork backwards and forwards etc,then everone else were happy.virtually at mainstream credit point now.have vanquis gold 2000 limit but cant budge the apr.they say its computer/system decission.tried everthing.one guy said cancell and re apply but not to quote him.
They know people like the limits and customer service and are unlikely to cancell.they are not silly.
Any had apr reduced,how? ill try again

gulife

In my own experience, opened the card with a £500 limit, which was increased to £1000 after 4 months, and then £1500 after another 4 months. Has been at £1500 for the past 9 months, since my last increase.

Mooey65

Do people in D and E still get a increase?

cifpower

Mooey65 wrote: »

Do people in D and E still get a increase?

In credit limits? Yes they do