Vanquis 9 mths old/What next? ANOTHER UPDATE

BugsyBrowne

izools wrote: »

Better than Vanquis, Aqua, and Cap One Classic who never reduce the rate though, isn't it?

And the poster is on the old cycle which yeilds 19.9% within 16 months, not three years

Oh apologies 2 and a half years,yeah but most people who have or had vanquis,aqua,cap 1 classic,have got rid of these within a year and a half because of their credit profile have improved and applied elsewhere,i would like to know how many people will actually wait for there progress to drop in apr to 18 or even 24%apr.

izools

star-fire wrote: »

Oh apologies 2 and a half years,yeah but most people who have or had vanquis,aqua,cap 1 classic,have got rid of these within a year and a half because of their credit profile have improved and applied elsewhere,i would like to know how many people will actually wait for there progress to drop in apr to 18 or even 24%apr.

People with CCJs or Bankruptcy orders showing on their credit file won't see an improvement for five years most of the time, so having the opportunity to get at a prime rate within 16~36 months is an excellent proposition.

From our perspective, as sub primers, the progress is an appealing card. You wouldn't understand that as you aren't sub prime.

southernguy_2

star -fire it's just a stepping stone to something better

18 months ago i couldn't even get a Vanquis.

Now if Tesco say yes i really am on the up but i've got a sneaky feeling it may be a no.

BugsyBrowne

izools wrote: »

People with CCJs or Bankruptcy orders showing on their credit file won't see an improvement for five years most of the time, so having the opportunity to get at a prime rate within 16~36 months is an excellent proposition.

From our perspective, as sub primers, the progress is an appealing card. You wouldn't understand that as you aren't sub prime.

Right did not think you meant people with ccj's and bankruptcy in that case yeah not a bad card if you look at it that way.

BugsyBrowne

southernguy wrote: »

star -fire it's just a stepping stone to something better

18 months ago i couldn't even get a Vanquis.

Now if Tesco say yes i really am on the up but i've got a sneaky feeling it may be a no.

My apology,yes if you could not get a vanquis 18 months ago yes its a better card,as for tesco card you never know mate you might be lucky.

izools

star-fire wrote: »

Right did not think you meant people with ccj's and bankruptcy in that case yeah not a bad card if you look at it that way.

Well they do target the same market as Vanquis and Aqua do so I put it in the same boat as those cards - I myself was considering trying for a Progress card but with LTSB lifting my CPD I think I'll wait it out until they offer me one

Don't want to ruin my chances with more searches and a new account! Probably get the CPD right back again if I apply

southernguy_2

Progress card arrived £500 limit

Not brilliant but moving in the right direction.

Still no news from Tesco

southernguy_2

Quick update

Tesco was a no back last year

but now credit history clear

Have just been accepted for a Barclaycard Simplicity at 9.9%apr woo hoo

So the Vanquis can now go no point in having their Gold card with a £2250 limit with a stupidly high 39.9% apr.

izools

southernguy wrote: »

Quick update

Tesco was a no back last year

but now credit history clear

Have just been accepted for a Barclaycard Simplicity at 9.9%apr woo hoo

So the Vanquis can now go no point in having their Gold card with a £2250 limit with a stupidly high 39.9% apr.

Wow! 9.9% APR! Lol bet you'll love closing your sub primers now

Work very well done indeed. Congratulations :beer:

southernguy_2

Thanks

Yeh took some time doing though well six years to be exact lol