Aqua Reward Credit Card - 3% cashback up to £100/year

Maestro.

Milarky wrote: »

Can you earn more than 3% of your credit limit in any given month

-to simplify things a bit-

As I understand it, no.

aleph_0

Maestro. wrote: »

-to simplify things a bit-

As I understand it, no.

Can you unsimplify again? I'd hope(*) if I spent £250, then cleared my balance, then spent £250, I should earn 3% cashback on the full £500. That's what would happen with my Tesco or Natwest cards, do we know if aqua operate a policy of not allowing spending more than the credit limit each month?

(* but don't know, I might try asking when I activate my card)

Maestro.

Perhaps I misunderstood.

I'd imagine its 3% on whatever you spend - be it £1 or the whole credit limit - but not more than £100 a year.

Gromitt

aleph_0 wrote: »

Gromitt, now you've confused me. I think Milarky was worried that if the Direct Debit is only taken (for example) 21 days after the statement date, then one has to wait most of the next statement period for the balance to clear.before spending again.

The direct debit will be taken the same time each month, so you'll still have a full calendar month to make purchases with your card. For example, if the DD is taken on the 21st, then you have from the 21th of that month until the 20th of the next month to make purchases. Yes, the statement will be produced on the 1st (for example), and so the purchases will be spread over 2 different statement periods, but does that really matter?

If that is too confusing, then just sign up for online servicing and when your balance becomes £278 or more, stop spending until it becomes zero by DD, or just pay it off with a debit card as and when.

Hooloovoo

Maestro. wrote: »

-to simplify things a bit-

As I understand it, no.

I believe you are wrong.

There does not appear to be any reason why you couldn't spend, say, £500 on the card, clear that with a debit-card payment the next day, and then continue to spend more.

You could earn your entire £100 cashback in the first month that way if you wanted to. There's nothing in the FAQ that would prevent this.

the-mango

Just a side question really more about aqua, does anyone know who they are part of, what group? I can't really find anything on the internet apart from one thread on this forum alluding to the fact they're part of HBOS, is this correct?

Gromitt

Hooloovoo wrote: »

There does not appear to be any reason why you couldn't spend, say, £500 on the card, clear that with a debit-card payment the next day, and then continue to spend more.

The only problem I see with that is they state a payment could take 2 - 3 days to process, but other than that, I believe you to be correct.

the-mango wrote: »

Just a side question really more about aqua, does anyone know who they are part of, what group? I can't really find anything on the internet apart from one thread on this forum alluding to the fact they're part of HBOS, is this correct?

Well, the Aqua website has a security certificate from Halifax, so draw from that what you wish

callum9999

the-mango wrote: »

Just a side question really more about aqua, does anyone know who they are part of, what group? I can't really find anything on the internet apart from one thread on this forum alluding to the fact they're part of HBOS, is this correct?

On the bottom of Aqua's website (and in various other places, and littered on google!) it says they are run by "Progressive Credit" (which is owned by SAV credit).

starM

Aqua was part of Halifax but recently taken over by Progressive Credit (Sav Credit). My understanding is credit check etc is still being done by Halifax. Another strange aquacard.co.uk now goes straight to Marbles? MS

the-mango

callum9999 wrote: »

On the bottom of Aqua's website (and in various other places, and littered on google!) it says they are run by "Progressive Credit" (which is owned by SAV credit).

No, I saw all that but who are SAV credit? It doesn't really matter it was more just a curiosity thing because they must be backed by someone