Returning to Aqua

Dandytf

Decided to re try Experian pre approval card, options have diminished over past few months.
Not the best rate though re accepted  Aqua dual card 34.9 apr 7mths purchases 4mths balance transfers -Zero%.

Not sure of if and when this card could be used, though will be repay as fast as possible to avoid that almost 35%apr.
NewDay seem to be generous, including Amazon card.

thanks

impoverishedtraveller

Don’t feed the t…

RBYHS

And what would the credit limit of this one be? 

cymruchris

Why do you need another credit card? why are you even considering going back to sub-prime? (why do you think your 'offers' have diminished?)

Dandytf

RBYHS said:

And what would the credit limit of this one be? 

t.b.c.
Card in 10 days approx.
There is a mention to expect an email with Acc and Limit details.
Not sure when.
We'll send your account number and credit limit to you over the next few days, 

thanks

Dandytf

cymruchris said:

Why do you need another credit card? why are you even considering going back to sub-prime? (why do you think your 'offers' have diminished?)

Could maybe use as small home purchase card, not sure yet.
Yes it's now latest highest apr, though I've never been convinced of the 'Sub Prime' idea.
I believe my CC uptake rate and subsequent Credit Limits have that Diminishing effect. 

thanks

Dandytf

1.3k VM is greatest challenge for year ahead, I'll start soon with 250 payment.
Though can't keep making such increments.
I'll be tempted to use Savings at some point.
Zero apr until early 2023.
I still intend to regain absolute Zero CC ...eventually.

thanks

[Deleted User]

"Repay as fast as possible to avoid the 35% APR"

If you can't afford to pay in full and are paying a huge hit of interest then you can't afford whatever you are buying (but we knew that already when you are on 50% salary, struggling for benefits yet take out expensive debt, buy unnecessary things like a new iMac or TV etc)

Dandytf

I enjoy my 100% of Salary of Contracted 20 Hours Per Week.
Definitely repay asap.
No idea of purpose of latest Aqua Card.
Maybe it's a re run off Cap1/Barc and I'll close sooner rather than later.

Dandytf

Aqua online setup via todays email.
1.2K Limit 
Zero percent Balance tfers 7mths if required.
Certainly seem to be hitting Basic Limit's.
Though potential for Increases from past experiences.
Absolutely No New Rules!

cymruchris

Dandytf said:

I believe my CC uptake rate and subsequent Credit Limits have that Diminishing effect. 

thanks

So if you have so many credit cards - and more available credit with lower APR/better deal cards - why on planet earth are you going back to Aqua for high APR and low limits? Using it as a small spend card? why can't one of your many other cards be nominated for that? One with a lower APR - or even a 0 percent purchase offer? I understand that you want to improve your 'image' with the credit reference agencies - and get better deals - but this is a major step backwards in my view.

I can't remember how many times various posters have stated that after applying for so many cards, someone (not necessarily you - but it might apply in this scenario) should ease off the applications pedal. It's not a competition to see who can own the most cards. You've said yourself in previous posts that you were going to stop randomly applying for stuff, what happened? You've said yourself in your answer above that you already have lots of cards and lots of credit limit - you don't need more?