Vanquis Credit Card - How soon did you get one?

Dry_Flood

Hi all

I was declared bankrupt in March 2011 and discharged in November 2011. Have just sent off for my credit files so I can start the clean up process but saw people talking about using the Vanquis credit card to help re-build their credit files.

Applied on Saturday night and received a phone call on Sunday morning to confirm my details.

They have accepted me for a credit card and given me a £250 starting limit!

I just wondered what everyone else experiences were?

nuttyp

use it and pay it off straight away. interest is major amounts. if you buy say today pay off via a bank transfer tomorrow.... or asap. ive been doing this for over 3 years, get regular upgrades on credit balance.. well over 2000 now. i dont need ot but looks good on the credi file!!

Dry_Flood

nuttyp wrote: »

use it and pay it off straight away. interest is major amounts. if you buy say today pay off via a bank transfer tomorrow.... or asap

I will have to check all of the small print once it all arrives.

Apart from the salesman trying to flog me the insurance policy, (I really had to tell him that I wasn't interested and to stop trying to force me into something that I didnt want) he also told me that I would get 56 days interest free on all card purchases.

I gave him my details and have already setup the direct debit to clear the full balane on the card at the end of each month.

nuttyp

if theres never a debt on there, and you pay it off as soon as it goes on then no interest is due. Not sure about the 56 days interest free...... maybe it has changed. I have the gold card - wow lol now. Just need to clean up my credit history finally and everything should be sorted.

wildheart83

You can get "up to" 56 days interest free depending on when you put something on the card and when your minimum payment is due to be paid. This is the same as with pretty much any credit card.
What I do is use my Vanquis card for my petrol, have a DD to pay off the minimum payment, but use my debit card to clear the balance in full each month.
I was discharged in Aug 2011, and was approved by vanquis in Oct 2011. I applied mostly out of curiosity than anything else.

down_the_gurgler

I was declared bankrupt Nov 2010, ED July 2011, started credit file cleanup Dec 2011, applied for Vanquis Jan 2012, accepted straight away with £500 credit limit at 39.95%.

I'm self employed with a very unsteady income of roughly £29K p.a., married, two kids, renting privately.

dojoman

Got mine about 5 months after discharge, just had the limit increased to £1250 although I will not be going anywhere near that, pay it off in full every month and will continue to do so.

norman1976

Just been accepted for a Vanquis Credit Card but I was discharged in March 2008.

NekoZombie

Discharged Jan 2008. Had one for over 2 years, limit is now 2,500.

norman1976

Nekozombie. Have you had any probs with Vanquis?

giblet10

Completed IVA Feb '11 - spent a lot of time and patience sorting out defaults to satisfiers - applied for Vanquis in July '11 accepted straight away with £500 limit - had letter last week saying it's going up to £1250 after Feb statement..

Never had any problems with them and not paid a penny in interest.

But for those who are awaiting a card from them - mine took three weeks and the PIN arrived before the card - I think the card delivery time depends on which colour scheme you choose (well that's what I heard anyway)