Vanquis Bank Ltd Classic Credit Card
You may be eligible for a credit limit increase after the fifth statement and an increase every five months, up to a total amount of £4,000. This depends on personal circumstances. You can check eligibility without impacting your credit file
Balance Transfers
N/A
Purchases
39.94% p.a. variable
Representative APR Variable
39.9% APR
Vanquis Bank Ltd Classic Credit Card
If you have spent any time online looking at credit cards, you will know that there’s a fair few to choose from. They all have a variety of things to offer and some are specifically aimed at people with bad credit, such as the Vanquis Bank Ltd Classic Credit Card. It doesn’t matter if you have a poor credit rating, you can still be approved for a Vanquis Bank Ltd Classic Credit Card. Though the Vanquis Bank Ltd Classic Credit Card doesn’t have one of the lowest APRs, it is available to those with a bad credit history and not all credit cards are.
Who Can Apply For A Vanquis Bank Ltd Classic Credit Card?
If you are looking for a credit card and you have bad credit, you will need to choose a credit card for bad credit and apply for credit cards with bad credit. This is because you are likely to receive instant approval, whereas credit cards for good credit are likely to turn you down. In order to be approved for a Vanquis Bank Ltd Classic Credit Card, you must be over the age of 18 and a UK resident. You must also have a minimum income of £600, but your credit score is not taken into account. Whereas some credit cards are not available to you if you have bad credit, the Vanquis Bank Ltd Classic Credit Card is.
What Does The Vanquis Bank Ltd Classic Credit Card Offer?
- With the Vanquis Bank Ltd Classic Credit Card, you will receive an APR of 39.9%. This is a lot higher than many other credit cards and is due to the fact that those with bad credit can apply.
- As one of the credit cards for very bad credit, the Vanquis Bank Ltd Classic Credit Card does not offer balance transfers. This isn’t unusual for credit cards for bad credit with instant approval.
- The APR offered with a Vanquis Bank Ltd Classic Credit Card is 39.94% P.A. variable, which is relatively high when compared to standard credit cards. However, it’s not exceptionally high for credit cards with bad credit in the UK. When applying for a credit card with bad credit, a higher APR is to be expected.
- A credit limit increase is often available with the Vanquis Bank Ltd Classic Credit Card after your fifth statement, with a further increase every five months. This is up to a total of £4,000. The Vanquis Bank Ltd Classic Credit Card allows you to check your eligibility with absolutely no risk to your credit file.
There are a number of credit cards with poor credit, including the Vanquis Bank Ltd Classic Credit Card. They are all aimed at those with poor credit scores and many offer guaranteed approval, so conduct a credit card compare to decide which option is best for you. You may find the Vanquis Bank Ltd Classic Credit Card ticks a number of boxes.
