Good Credit Card to build up your credit rating

Aqua Credit Cards - www.aquacard.co.uk
★★☆☆☆
2.3
34.0% of users recommend this
  • Customer service

  • Value For Money

Parathion's review of Aqua Credit Cards - www.aquacard.co.uk

“Good Credit Card to build up your credit rating”

★★★★☆

written by Parathion on 12/02/2015

I've got my AquaCard at the end of November 2014 with an initial (low) limit of £300. I've used it only twice when I received a letter in January to inform me that my limit was increased to £950. That came by surprise, because another credit card company, whose card I have for over a year, didn't offer me an increase so far.

Although the AquaCard seems to be a good thing to have if you want to improve your credit rating a little, its interests are relatively high compared to other CC providers. I wouldn't recommend to use its full credit limit as the interests would probably eat you up.

I used the card for the very first time for Christmas purchases in the 3rd week of December 2014, have spent £264.72 and statement of 14.01.2015 showed interests of £9.23 for the 3.5 weeks since purchase. However, it's a good thing to know you can use the money if you really need it.

Their customer service was always friendly and helpful, even though they seem a little lost sometimes. Just recently I phoned them after I've tried to use my bank's debit card to pay money into my AquaCard account. While first transaction went smoothly, 2nd payment with a debit card from one of my other bank accounts was not accepted (Duplicated Payment Error), because AquaCard allow their customers to make only one payment per day into their AquaCard account - I think that need to be improved.

Additionally an iPhone app would be a nice thing to have - other providers offer that already, AquaCard is still a little behind, doesn't go with the time... ;-)

I'm not a finance expert, nor can I advise you to apply for this card, but if you do, I'd recommend that you keep it just as a backup card, occasional use might result in an increase of your credit limit which will positively reflect on your credit rating...

  • 0 - 6 Months

    Used card for

  • No

    Loyalty scheme

  • Customer service

  • Value For Money

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