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

SavingFish

reclusive46 wrote: »

Ok, thanks will forward it onto my son. Think he is a bit disappointed with the Uk reward cards haha, he was getting 5% on some things with a Discover card in the US.

If he's used to US cards then one thing to be wary of is overlimit spending.

I believe in the US you have to "opt-in" to overlimit spending i.e. any spending that would take you over your credit limit will be declined unless you've opted to allow it (in which case you will be charged the usual fee for the privilege).

No such luck over here. The credit card companies are happy to let you go a penny over your limit and to then charge you through the nose for it (and in the case of Aqua, cancel all your cashback).

lisyloo

The credit card companies are happy to let you go a penny over your limit and to then charge you through the nose for it (and in the case of Aqua, cancel all your cashback).

This has not been my experience with Aqua at all.
On one occassion a resevervations was put on my card without my knowledge for out of stock items. The next transaction that would have taken me over my limit was declined.
Recently I got a text from Aqua telling me I was close to my limit.

So Aqua have made efforts to persuade and also physically stop me going over my limit.

In the first case I could have done it by accident as I was unaware of a reservation that should not have been there, so far from trying to avoid paying cashback, they ahve gone out of their way to help me.

lisyloo

Answer to my question from Aqua

Refunds do not count as payments so full payment will be due.

SavingFish

lisyloo wrote: »

This has not been my experience with Aqua at all.
On one occassion a resevervations was put on my card without my knowledge for out of stock items. The next transaction that would have taken me over my limit was declined.
Recently I got a text from Aqua telling me I was close to my limit.

So Aqua have made efforts to persuade and also physically stop me going over my limit.

In the first case I could have done it by accident as I was unaware of a reservation that should not have been there, so far from trying to avoid paying cashback, they ahve gone out of their way to help me.

Sorry, my post was slightly misleading. The two statements were intended to be separate.

Card companies can allow overlimit payments, even if you'd rather they didn't. The behaviour of some companies in this regard may be questionable.

Aqua's terms state that if you go over the credit limit, as well as paying an overlimit charge you lose your cashback.

I have no experience of going over my Aqua card's limit and don't intend to find out. If Aqua are being a responsible lender then that's great news

Gromitt

lisyloo wrote: »

Answer to my question from Aqua

Isn't it easier to just pay what the statement asks for? Then you don't have to worry about what is or isn't a payment. Thats the rule I have always abided myself to.

kidgorgeous

Quick question. Just got my card through the post and need to phone to
activate the card. I have a horrible feeling when i applied for the card that
they asked me to set up an account password?. If they did i can't remember it. do they ask for a password when you phone?

victoria797

kidgorgeous wrote: »

Quick question. Just got my card through the post and need to phone to
activate the card. I have a horrible feeling when i applied for the card that
they asked me to set up an account password?. If they did i can't remember it. do they ask for a password when you phone?

yes they do.usually the first two characters!

reclusive46

Nice to see one company stopping people going over their limit. I guess as all credit cards are offline they is a chance you could go over your limit still though. I wonder if Aqua will issue contactless cards anytime soon.

kidgorgeous

victoria797 wrote: »

yes they do.usually the first two characters!

Suppose i will just have to phone them and see what happens! Do you remember if there was a password reminder question when you applied? ie mothers maiden name etc

Gromitt

kidgorgeous wrote: »

Suppose i will just have to phone them and see what happens! Do you remember if there was a password reminder question when you applied? ie mothers maiden name etc

I remember them asking me and I was pretty honest and said "No idea", they then decided on alternative security questions.