Approval for any credit card will depend on your status. The APR shown represents the interest rate offered to most successful applicants. Depending on your personal circumstances the APR you're offered may be higher, or you may not be offered credit at all. Fees and rates are subject to change without notice. It's always wise to check the terms of any deal before you borrow.
aqua Classic Mastercard review July 2020
A “credit-builder” card aimed at people with a poor credit rating
aqua offers a range of credit cards for those with poor or limited credit histories, who might struggle to get approved for more mainstream cards.
You say: ★★★★★We say: ★★★★★
Doing its job: 4.5/5
In a nutshell:
Minimum credit limit
|Min credit limit||£250|
|Max credit limit||Subject to status: £1,200|
|Credit limit note||Maximum credit limit may increase over time|
|Purchases interest-free period (days)||48|
|Additional cards available||1|
Chris Lilly is a publisher at finder.com. He's a specialist in credit-based products including business and personal loans, mortgages and credit cards, and is passionate about helping UK consumers make informed decisions about their borrowing. In his spare time Chris likes forcing his kids to exercise more.
Like other cards in aqua’s range, the Classic card is a “credit builder”. That means it’s specifically designed for those with a limited or damaged credit history, and comes with features tailored to protecting and building your credit score. They’re also generally a bit easier to get approved for.
With the Classic Card you’ll get a relatively low, personalised opening credit limit and a relatively high standard rate (which can also be tailored to the applicant). On the plus side, however, if you clear your balance in full each month you’ll be able to take advantage of up to 48 days of 0% interest on your purchases each billing cycle – potentially making that high interest rate irrelevant.
To protect credit scores, cardholders will benefit from text alerts and a decent mobile app, plus free access to CreditView services.
Ultimately, this card can be considered a fairly safe stepping stone to other cards or loans with better rates, including others in aqua’s own range.
How does this card compare with other credit-builders?
When it comes to repayments, you can make manual repayments online or over the phone (0333 220 2691), or alternatively set up a direct debit. A direct debit is a great idea because it protects you from forgetting to make a repayment and either damaging your credit score, getting hit with a penalty fee or losing any promotional rates as a result. You can arrange a direct debit for repayments when you apply for the credit card. The table below shows the options available.
Choose from the following direct debit options for your monthly repayments:
|Minimum amount||Fixed amount||Fixed percentage||Full amount|
How to apply for the aqua Classic Mastercard
If you’ve compared cards and want to apply, completing the secure online application form takes about 15 minutes. Before you apply, check that you meet the eligibility requirements and have the information and documents you’ll need to make the process as straightforward as possible.