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.