Looking for a credit card that can help you rebuild your credit score? With the Vanquis Bank Credit Card, it’s possible to polish up or even completely improve your credit rating. Wondering how?
With the Repayment Option Plan (ROP) that comes with a Vanquis Bank credit card, settling your bills won’t be so difficult anymore. You’ll get better assistance and maximum time to pay for everything, minus the external credit report.
If you’re interested in finding out more, read on. Here we’re going to take a look at the features and fees, as well as how to apply for a Vanquis Bank credit card.
Vanquis Bank Credit Card Features
To help you better understand the features and perks that come with a Vanquis Bank credit card, let’s take a closer look at their classic Visa card.
The best thing about this credit card is that you are given a manageable credit limit for the first few months and then you get to increase this limit after only 5 months. This will be your advantage as you can slowly adjust to your spending and calculate how much limit you need in the succeeding months.
Another thing that you’ll enjoy using with the Vanquis Bank Visa Credit Card is the online and SMS account management. Wherever you use this credit card, you can review your spending and see how much credit is left. By logging in with your protected personal details and password, it’s so easy to track and manage your credit card.
In case you’re having a difficult month and you can’t pay your statement on time, the flexible repayment options that come with the Vanquis Bank Visa Credit Card will have you covered. This card also comes with a Repayment Option Plan to help you maintain the rating you’re working so hard to build. The plan comes with three features including Account Freeze, Repayment Holiday and Lifeline.
In the case of the Account Freeze, you have the option to freeze your account for up to 24 months, without making payments or incurring interest. The only thing is, you cannot use the card during this time, but your account won’t show as “in arrears” on your external credit report. The Repayment Holiday lets you miss your monthly payment once a year for extra breathing space. In case you miss a due date, you can rely on the Lifeline feature to incur NO late payment fee or interest.
Vanquis Bank Visa Credit Card Application
Applying for a Vanquis Bank credit card is easy and hassle-free with the quick online application process. All you need to do is visit the Vanquis Bank’s website and fill out the eligibility checker form, providing your personal details. Take note that you need to be at least 18 years old and a resident of UK to apply for this credit card.
The credit limit the bank sets will depend on your financial status. Initially, this may be anywhere between £150 to £4,000.
Vanquis Bank Visa Credit Card Interest and Charges
- Application Fee: £0
- Annual Fee: £0
- Representative APR: 39.9% (variable)
- Late Payment Fee: 3% of the total amount
- Cash Advance Fee: 3% of the total amount
Vanquis Bank Address & Contact
20 Fenchurch Street
Contact: 0330 099 3000
Rebuilding your credit score has never been easier using a Vanquis Bank Visa Credit Card. Experience flexible repayment options minus the high interest rates, only available with this card. However, if you are not in a position where you need to rebuild your credit score, there are other better options.
Note: There are risks involved when applying for and using a credit card. Please see the bank’s Terms and Conditions page for more information.