Aqua Reward Card: Gone for good???????

edited 30 November -1 at 1:00AM in Credit Cards
39 replies 7.4K views
wiseonesomeofthetimewiseonesomeofthetime Forumite
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edited 30 November -1 at 1:00AM in Credit Cards
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  • SnowTigerSnowTiger Forumite
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    Aqua may be rejiggering its offerings.

    However, the Aqua Reward [STRIKE]offers[/STRIKE] offered higher cashback then most cards on the market. I wouldn't be surprised if they dropped it.

    They are probably losing money on customers, such as myself, who pay their statement balance in full every month.
  • tripledtripled Forumite
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    I hold an Aqua Reward for the cashback and no fees overseas spending, which I pay in full every month. Over the last few months they've reduced my credit limit and increased my interest rate. Although it hasn't really affected me, possibly it ties in to Aqua doing a wider review of the card.

    I'd concur with SnowTiger that with it having a market leading cashback rate, Aqua Reward may have been attracting too any of the "wrong type of customer", as the business seems to be aimed more towards customers with poor/no credit history.
  • penners324penners324 Forumite
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    Probably getting a lot of disgruntled Tandem customers signing up due to the similarity in product.
  • scragendscragend Forumite
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    I opened an Aqua Rewards card a couple of weeks ago. Looks like I've been lucky then! Makes a change :)
  • MalkytheheedMalkytheheed Forumite
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    scragend wrote: »
    I opened an Aqua Rewards card a couple of weeks ago. Looks like I've been lucky then! Makes a change :)
    If it's gone they will cancel it for all. just wait and see.

    So that leaves basically no cash reward visa/ mastercards now for UK peeps?? Sigh.... well hurray for the intercap rate limit. Just like everything meant to help the consumer ends up hurting people by pandering to the lowest common denominator. See if people could just look after their money and themselves then maybe we could have nice things again. But no. those who can't look after their own finnances drag everyone down.
  • Willing2LearnWilling2Learn Forumite
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    Didn't Aqua remove the Aqua Reward card after the European commission introduced the Interchange Fee Regulation back in 2016 (approx.)? They then bought it back with a reduced reward percentage. Maybe there are re-assessing whether they are earning enough from the reward eligible transactions. Maybe it will come back again...
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  • crumpetmancrumpetman Forumite
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    Just because they are no longer offering it to new customers does not guarantee that it will be dropped completely.

    I have a Barclaycard with 0.5% cashback and I am fairly sure it has not been available for some time. It is now a Visa but was previously an Amex and MasterCard combo and sometime before that was an Egg card. Probably lots of people on this forum have it.
  • stehoukstehouk Forumite
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    I have this card and iv'e just received an email stating refer a friend for £25 for this card.
  • masonicmasonic Forumite
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    stehouk wrote: »
    I have this card and iv'e just received an email stating refer a friend for £25 for this card.
    The refer a friend offer is for a different card (no cashback). I also received this when I recently applied for the Reward card.
  • IvanDPIvanDP Forumite
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    Just got ours in time too.
    Personally, not overly bothered if they do drop the cashback
    (Only use it for small amounts)
    But do hope they keep the fee free overseas spending, as that is where the real value lies for me.
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