In this guide

  • Our verdict
  • Details
    • Product Overview
    • Fees and charges
    • Application Requirements

Aqua Classic Balance Transfer Card review

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Aqua Classic Balance Transfer Card
Finder score
Representative example:
Assumed credit limit £1,200, representative 34.9% APR (variable), purchase rate 34.95% p.a. (variable).
Account fee
Interest-free each billing period
Up to 48 days
Minimum credit limit

Our verdict

This card is no longer available, but you can use our review to find alternatives.

Getting your hands on a 0% balance transfer deal when you have a lower credit score is tricky. In fact there are just a handful of cards on the market designed with these users in mind – this deal from Aqua is one.

The card buys you months respite from interest, although it'll involve a fee of 3% (min. £3) of the balance to transfer. The idea is that you should use the months to clear as much of the debt as possible. Ideally, you'd want to pay off all of it in this timeframe. That means dividing the debt (plus the transfer fee) by and paying that much each month (assuming you don't put additional spending on the card).

Once the months are up, the card's infinitely-less-exciting standard rate of kicks in and will be applied to any outstanding balance. So for those with low credit scores who might struggle to get approved for longer 0% deals, this card is a solid bet for months. After that point, unless you clear your balance in full each month (in which case you can avoid paying interest altogether), the card would be relatively expensive to use.

Make at least the minimum required repayments on time and the card could also help improve your credit score, meaning you could access even better deals next time around.

Aqua's app lets you keep tabs on your spending and repayments. You can set up or change direct debits for repayments, and you can make manual overpayments too.

Please note: You can't have 2 Aqua accounts or open an Aqua account within 12 months of opening a Marbles, Fluid or Opus account, issued by New Day.


  • Applicants with low credit scores may be eligible
  • No annual fee


  • As with most credit builders, this card packs a fairly steep interest rate on purchases
  • A punishing interest rate of 44.95% on cash withdrawals
  • A punishing fee of 5% on cash withdrawals (you should avoid using a credit card to withdraw cash in any case)
  • You may be offered an opening credit limit as low as £250

In this guide

  • Our verdict
  • Details
    • Product Overview
    • Fees and charges
    • Application Requirements

The Aqua Classic Balance Transfer Card has been discontinued and is no longer available. However, this information has been kept for historical purposes. You can use this page to compare similar cards from other issuers.


Product Overview

Issuer NewDay Ltd
Network Mastercard
Representative APR 34.9%
Annual/monthly fees £0
Balance transfer fee 3% (min. £3)
Purchases 34.95%
Purchases interest-free period Up to 48 days
Cash advances 44.95%
Minimum credit limit £250
Maximum credit limit Subject to status: £1,200
Potential costs 2.0 ★★★★★
Doing its job 3.0 ★★★★★
Extras 1.0 ★★★★★
Overall Finder score 2.5 ★★★★★

Fees and charges

Minimum monthly payment 1% or £5 (whichever is greater) or the total of any interest, default fees and charges plus 1% of the outstanding balance.
Annual/monthly fees £0
Balance transfer fee 3% (min. £3)
Foreign usage charge (EU) 2.95%
Foreign usage charge (rest of world) 2.95%
Cash advance fee 5% (min. £4)
Late payment fee £12
Exceeding limit fee £12

Application Requirements

Minimum Age 18
Residency UK resident
Availability Available to new customers
Additional Criteria You must not have taken out an Aqua, marbles, opus or Fluid card in the past 12 months. You must not have received a County Court Judgement (CCJ) in the past 12 months.

The Aqua Classic Balance Transfer Card is issued on the Mastercard network so it's accepted at more than 50 million merchant locations across more than 210 countries and territories.

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Name Product Finder score Annual/monthly fees Initial credit limits Minimum income Representative APR Incentive Link
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HSBC Student Credit Card Visa
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Available alongside an HSBC Student Account (receive £100 and a 1-year subscription to Headspace when you open a new student account).
Representative example: When you spend £500 at a purchase rate of 18.9% (variable) p.a., your representative rate is 18.9% APR (variable).
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Barclaycard Forward Credit Card
Min. limit £50, max. limit £1,200.
Rate discounts: 3% interest rate reduction if you make all your repayments on time for the first year, and a further drop of up to 2% more if you continue to do so in the second year.
Representative example: When you spend £1,200 at a purchase rate of 33.9% (variable) p.a., your representative rate is 33.9% APR (variable).
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118 118 Money Guaranteed Rate Card
Min. limit £500, max. limit not specified.
Representative example: When you spend £1,200 at a purchase rate of 34% (variable) p.a., your representative rate is 34% APR (variable).
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Min. limit £200, max. limit £1,500.
Representative example: Representative 48.9% APR (variable). Based on assumed borrowing of £1200. Rate of interest 48.9% (variable) annual.
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AIB Student Credit Card
Min. limit £300, max. limit not specified.
Not specified
Representative example: When you spend £1,200 at a purchase rate of 12.2% (variable) p.a., your representative rate is 12.9% APR (variable).

Approval for any credit card depends on your status. The representative APRs shown represent 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. Most of the data in Finder's comparison tables is provided by Moneyfacts.

Repayment options

You can make manual repayments through aqua's app by logging in to your online banking or over the phone (0333 220 2691). Alternatively, you may wish to set up a direct debit.

A direct debit protects you from forgetting to make a repayment and damaging your credit score – making it harder and more expensive to borrow money in the future – and getting hit with a penalty fee (£12) 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

Sorry – aqua is no longer accepting applications for this card. However you may wish to consider one of the alternatives listed above.

Frequently asked questions

What credit limit will I get with the Aqua Classic Balance Transfer Card?

If aqua offers you this deal, it will specify a personalised credit limit based on aqua's assessment of your situation. The minimum limit offered on the card is £250, while the maximum is £1,200. Once you've had the card for a while and shown aqua you're reliable, you may wish to apply for a credit limit increase.

Can I withdraw cash using the Aqua Classic Balance Transfer Card?

Although it's possible, withdrawing cash from a credit card account is generally not a good idea, as "cash-like transactions" (such as withdrawing cash at an ATM, getting cashback at the till, spending at a casino or buying currency) often incur steep fees and/or higher rates of interest.

The cash advance fee on the Aqua Classic Balance Transfer Card is 5% (min. £4). For example, if you withdraw £50, you'll incur a fee of £4.00. Withdraw £250 and you'll incur a rather painful fee of £12.50.

The interest rate on this part of your balance will be 44.95%, which is 29% more than the standard purchase rate (chargeable from the day of the transaction – the card's usual "up to 48 days interest-free" grace period won't apply).

How much does it cost to use the Aqua Classic Balance Transfer Card abroad?

Non-sterling transactions are subject to a 2.95% charge. For example, if you spend 200 euros (£171.20), it'll cost you around £5.05 in fees.

What is the minimum payment on the Aqua Classic Balance Transfer Card?

Each month, you must pay at least 1% of your balance at that point or £5.00 – whichever of the 2 figures is greater. So if you had, say, £450.00 outstanding, you'd pay £5.00, and if you had £2,000.00 outstanding, you'd pay £20.00.

Paying only the minimum required amount each month is generally not advisable as it tends to be a very expensive way to borrow money, which can lead to persistent debt.

Finder credit card scores

★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor

Our experts score credit builder credit cards to determine their value against similar products on the market. We look at a number of important factors, like interest rates, credit limits, features to help you track your credit, plus the potential costs involved with running the card both in the short and longer term.

You can read more about our scoring criteria on our credit card methodology page.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
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