Compare The Aquis credit card

Sometimes money can get the better of us and keeping on top of your finances can prove difficult. In some cases, a credit card can be a very handy thing indeed, but if you’ve struggled with debt in the past and are finding it tough to get credit, it can be frustrating and tricky to know where to turn. Which is where the Aquis credit card comes in to provide help – it’s for people that are looking to build up their credit rating and here’s how it works.

What is a credit building card?

These types of cards are designed for anyone with a poor or no credit history; so even if you’ve been turned down for a credit card before then you might still be accepted for a credit building card. The amount of credit offered is typically less than what you’d get on a standard card, but then again, it’s not there for you to go wild. If you manage your account sensibly, then as a pat on the back, you might get your credit limit increased in time.

Compare The Aquis credit card

Details about the Aquis credit card

The Aquis card will give you a credit limit of between £250 and £1000 – what you get specifically will depend on your own circumstances such as your income and whether you have any other debts.

At, a representative 29.8% (variable)**, the APR (annual percentage rate) is fairly high, but this is a usual feature of credit building cards. The APR factors in the interest you need to pay back, plus any other standard card charges. And because the APR is high, it’s even more important to follow the golden rule of having a credit card – always pay off the monthly statement balance in full and on time.

There’s no annual fee on the Aquis card but, as with many other standard credit cards, you’ll be charged for late payments and also if you go over your limit – at the moment this charge is £12. So, if you regularly slip over your limit or forget to pay your bill by the deadline, then it’s time to get organised – otherwise you’ll end up paying hefty charges.

Other fees you’ll need to look out for are those for returned payments – in other words, bounced payments, whether it’s a returned credit card cheque or DirectDebit, it’ll cost you £12 each time.

Timely rewards

If you use your Aquis card responsibly then after your 5th statement, you could get a credit limit increase; Aquis will then increase your limit every five months up to a maximum credit limit of £4,000.

So, what do you have to do to ensure you’re using your card ‘responsibly’? It’s simple – use your credit card but stay within your limits and always pay off the full balance if you can or at least the minimum amount.

It always goes without saying that you should try and make sure that you stay in control of your finances – having a little bit of debt is manageable but going on crazy shopping sprees and racking up debts that would make a millionaire blush – is not the way to go.

What else should I think about?

Of course, the Aquis credit card, isn’t the only credit building credit card on offer and before you apply online for one make sure you properly before making that final decision.

Consider things like the APR – this is a good barometer for gauging whether a credit card is good value or not – the higher the APR, the greater the interest and other charges.

Plus, consider how you want to manage your account. You can manage your Aquis card online and there’s also a UK based call centre if you have any queries or concerns.

Another handy tip is to check the Defaqto rating of whatever new credit card you opt for. Defaqto are an independent organisation that assesses financial products (such as insurance, current accounts and credit cards). They give scores out of five and the higher the score, the greater the features or benefits of that product.

Time to compare?

Before you sign on the dotted line, find out more about credit builder cards and why not see what else is on offer – your financial circumstances are as unique as you so it’s important to get a card that’s right; so, let’s compare…

All Aquis credit card details are based on information provided on and are correct as of 29 November 2016.

**Representative example: Assumed borrowing of £1,200 for 1 year, at a Purchase Rate of 29.84% (variable), representative 29.8% APR (variable). Credit available subject to status. 

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