Will I get my Aqua card?

JamesWMH

Hi,

I applied for an Aqua credit card, at the begining of the month, and got a letter saying I had been accepted on the 11/11/2011, I only just signed and returned the credit agreement today, will there offer still hold? And will I get my card?

Or do you think I will need to apply again?

The APR on the Aqua card they've offered is 37.9%, which is a hell of a lot better than my Vanquis card of 69.9%, so if they give me a big enough credit limit I plan on trying to move it across.

Thanks,

[Deleted User]

Don't apply again. You should get the card soon.

NatalieC87

This is not meant to be condescending in the slightest but....

Is obtaining another credit card wise as I have read your previous posts that you owe a Wonga loan that you say you cant afford to re-pay on time and posted asking if debt management charities helped with payday loans.

You already have 2 other maxed out credit cards and you submitted a SOA asking 'How can I escape from this spiral of debt'.

And you posted stating you have £15.00 to live on until the 1st of December!!

I personally do not think its wise to take another credit card when you are struggling to pay off existing debt, you need to find a solution to your existing problems rather then dig yourself deeper into debt.

Again this is not meant to sound like I'm preaching to you.

JamesWMH

NatalieC87 wrote: »

This is not meant to be condescending in the slightest but....

Is obtaining another credit card wise as I have read your previous posts that you owe a Wonga loan that you say you cant afford to re-pay on time and posted asking if debt management charities helped with payday loans.

You already have 2 other maxed out credit cards and you submitted a SOA asking 'How can I escape from this spiral of debt'.

And you posted stating you have £15.00 to live on until the 1st of December!!

I personally do not think its wise to take another credit card when you are struggling to pay off existing debt, you need to find a solution to your existing problems rather then dig yourself deeper into debt.

Again this is not meant to sound like I'm preaching to you.

Hi,

Thanks for your input, but what I'm planning on doing is using the Aqua credit card to pay of a chunk of the Wonga loan, to get the APR down from 4000% ish to 37.9%. I thought it made sense anyway.

I've now cut up my two other credit cards, and am making the minimum payments to them all. The reason I had £15.00 to live on until that 1st (which had now changed as I've sold some stuff on ebay) is because I paid more than I could afford (£300 from my £830 that I bring home) off the Wonga loan when I got paid.

Simon7685

You will probably only get a £250 limit to start with, that was my starting limit, they have just increased it to £500 after my fourth statement.

Chrisblue1962

I've read through this post and I think the jist what James WMH is trying to do is obtain "better" credit (lower APR) not more credit. By having a lower APR, more of your money is paying off the debt and not lining the pockets of the card provider. :T

The above not withstanding, NatalieC87's advice also holds true - don't get more credit if you're already struggling.

Good Luck JamesWMH, let us know how things progress with Aqua.