Aquis Credit Card

Aqua1985

Just been accepted for an aquis credit card any idea what typical credit limits are given to start with for most customers? APR I have been given is 29.9% which is terrible for someone repairing their credit file.

grumbler

Aqua1985 wrote: »

....APR I have been given is 29.9% which is terrible for someone repairing their credit file.

Someone repairing their credit file has to be already wise enough to pay the balance in full every month in which case the APR as absolutely irrelevant.

john1002

Be thankful it is 29.9 it could be all the way upto 49.9 as for credit limit it will vary between 100 to 1500, if when you got accepted they asked you about a cash advance then the figure they give wi allow us an idea your limit, typical is 250 limit with regular increases upto 3000

John

Aqua1985

Offered me a cash advance of £100 which I said 'No' to. Want to use it to make small purchases and help rebuild my credit file.

Aqua1985

So has anyone been offered a £100 advance and what did your credit limit turn out to be?

sjw64

I applied in November & got a credit limit of £500. Went up to £1200 in Jan and now its £2400. Took advanage of 56days free interest and paid off in full every month. Hasnt made a difference to my credit rating at all.

Aqua1985

Did they offer you an initial cash advance sjw64 and what was it?

thebritishbloke

Aqua1985 wrote: »

Just been accepted for an aquis credit card any idea what typical credit limits are given to start with for most customers? APR I have been given is 29.9% which is terrible for someone repairing their credit file.

That isn't high at all. I got an Aquis card on my 18th birthday and was given a £250 limit at 59.9% APR.

When you're using these kind of cards, as grumbler said, you should not even think about the interest rate because you should be paying it off in full every single month.

sjw64

Aqua1985 wrote: »

Did they offer you an initial cash advance sjw64 and what was it?

Sorry I misread the post. I thought you were refering to an Aquacard which is what I had, not an Aquis card. Sorry!