Aqua Credit Card

PROLIANT

Hi guys been a long time since I last posted, following my financial disaster in 2010 I have kept off the credit radar for the last 7 years and tried to put things right.

Well, thought I would try my luck with getting back on the credit ladder and to my surprise Aqua have accepted me for a classic card with an APR of 59.9%, no idea what limit yet so just waiting for the card to arrive.

Feels good to be getting back on the straight and narrow again and learnt many lessons over the last 7 years on managing money and not allowing myself to get in to the trouble I was in last time (relationship break down :cool:).

Wonder how many of the regulars from way back when are still around, the Sub Prime Credit Club was a regular haunt and can't see it on the boards anymore so guess it died off.

Sncjw

That's really high Apr to me.

Andybez38

Very high APR. Just use it wisely. Pay off in full every month and time will heal your damaged credit rating.

Shakin_Steve

Sncjw wrote: »

That's really high Apr to me.

As long as you pay it off every month, APR is incidental. Of course, AQUA would like it very much if you didn't pay it off.

PROLIANT

I will use it for fuel and clear it each month with my business mileage claim.

A4445

You might want to try Capital One their max APR is 34.9% and they have a quick check to see if you will be accepted before they carry out a full search.

PROLIANT

A4445 wrote: »

You might want to try Capital One their max APR is 34.9% and they have a quick check to see if you will be accepted before they carry out a full search.

Yep tried them and they said no.
I am not actually in need of credit, the only purpose this Aqua card will be used for is to rebuild my credit rating, not sure what the limit will be however I would hazard a guess it will not be any more than £100-£200.

Shakin_Steve

PROLIANT wrote: »

Yep tried them and they said no.
I am not actually in need of credit, the only purpose this Aqua card will be used for is to rebuild my credit rating, not sure what the limit will be however I would hazard a guess it will not be any more than £100-£200.

Mine started at £300 and, on the fourth statement, they asked me if I would like an increase to £1400. I spent about £250 a month for the first four months and paid it off each month. If you hardly used it, maybe they wouldn't offer to up the limit?

PROLIANT

Shakin_Steve wrote: »

Mine started at £300 and, on the fourth statement, they asked me if I would like an increase to £1400. I spent about £250 a month for the first four months and paid it off each month. If you hardly used it, maybe they wouldn't offer to up the limit?

Well that is the plan, use it for fuel and then bank my business mileage each week until the statement comes in from Aqua, pay the balance in full and do this for a year. Once I have had the card for a year then will look at something with a lower APR, 12 months good payment history should be enough to get me back on the lower tier rate.

Mrs_Ryan

Good to see you back. I have the Aqua card, just got it last month. £300 limit, 30 something percent interest but can't remember exactly how much. Spent up to my limit and just cleared the first bill in full. Just happy to have the card!

onthefencepost

I have had a Aqua card for around 14 months - started of with a limit of £300 now im over 3k.
I also just yesterday go a letter to say they are reducing my interest - i tend to pay balances of in full every month.

Since then i've applied and been Tesco foundation card - much better APR and recently got a credit limit increase.

I currently have 5 active defaults but im pay towards my defaults every month and ensuring that i dont put a foot wrong. I think having access to a monthly credit report along with the information of this site certain helps you get a better understanding. Shame as I totally screwed up my credit history in my younger years and could have avoided the defaults by just paying min payments we live and learn.