Vanquis Bank credit cards for November 2019

Describing itself as a specialist "low and grow" credit card issuer, Vanquis Bank caters predominantly to those with a limited or poor credit history.

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Vanquis Bank

Vanquis Bank is part of the Provident Financial Group, a lender established way back in 1880. It aims to offer borrowers with bad credit a chance to rebuild their credit score and get in control of their finances.

Vanquis Bank credit cards are issued on the Visa network, so they’re accepted in more than 20 million locations worldwide.

Compare Vanquis credit cards

Table: sorted by representative APR, promoted deals first
Updated November 13th, 2019
Name Product Annual/monthly fees Min. credit limit Max credit limit Min income Rep. APR Incentive Representative example
Subject to status: £1,000
Not specified
Stay in control of your account with online servicing, a mobile app, SMS and email alerts.
Representative example: When you spend £1,000 at a purchase rate of 24.7% (variable) p.a., your representative rate is 24.7% APR (variable).
Subject to status: £1,000
Not specified
Representative example: When you spend £1,000 at a purchase rate of 29.3% (variable) p.a., your representative rate is 29.3% APR (variable).
Subject to status: £1,000
Not specified
You could get a credit limit increase after your 5th statement and further increases every 5 months, up to £4,000.
Representative example: When you spend £1,000 at a purchase rate of 29.84% (variable) p.a., your representative rate is 29.8% APR (variable).
Subject to status: £1,000
Not specified
Representative example: When you spend £1,000 at a purchase rate of 39.94% (variable) p.a., your representative rate is 39.9% APR (variable).

Compare up to 4 providers

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.

Types of credit cards from Vanquis Bank

Vanquis cards are specifically-designed for those looking to rebuild their credit score.

  • Credit builder credit cards

    If you have no credit history, or are in the process of building your credit score, a credit card from Vanquis may be for you. “Credit Builder Credit Cards” are generally easier to get approved for than other types of card, and are designed to help you prove your credit-worthiness so that you can qualify for better deals later. As you prove that you can meet repayments reliably, your credit limit can be reviewed and increased. Vanquis provides credit building videos, infographics and advice for their customers on how to effectively manage their money and build up a credit score.
    Learn more about credit builder credit cards

What is APR?

If you’re comparing any credit products, it won’t be long before you’ll come across the Annual Percentage Rate (APR). This figure is designed to provide an annual summary, taking into account both interest and any mandatory charges to be paid (for example an annual fee). All lenders must calculate the APR of their products in the same way, and must tell you the APR before you sign an agreement, so for consumers it can be a handy tool for comparison.

Bear in mind, however, that lenders are only obliged to award this rate to 51% of their customers – the other 49% could pay more. That’s why it’s often referred to as the representative APR.

The benefits of Vanquis Bank

There are several benefits attached with being a Vanquis Bank customer, such as:

  • A friendly UK customer service call centre. Vanquis Bank offers reliable support when you need it. Its UK customer service agents are available from 8am – 8pm on Monday – Friday, and 9am – 5:30pm on Saturdays.
  • Global acceptance. Because these are Visa cards, they’re accepted in a huge number of locations worldwide.
  • A simple online credit card application process. It’s easy to apply for a Vanquis credit card online. Vanquis will confirm receipt of your application within 60 seconds, and in certain cases you may even receive a decision within 60 seconds.
  • Flexible repayment options. Life is unpredictable at the best of times. That’s why these cards give you the flexibility to budget, in order to pay off what you can afford each month.

How to apply for a Vanquis credit card

It’s straightforward to apply online for a Vanquis card. As you’d expect, you’ll be asked to provide information on your finances and requirements.

Eligibility requirements

There are basic eligibility requirements you’ll need to meet to apply for a Vanquis credit card:

  • You are aged 18 years or over
  • You have a permanent UK home address

The Vanquis site offers an “Express check” where you can find out in about 2 minutes whether you’re likely to be eligible for a Vanquis credit card, without affecting your credit score adversely.

Why might you not be approved?

In considering your application, Vanquis will take into account your financial circumstances – looking at your credit stability and ability to pay – to establish the appropriate level of credit. Applications are considered on merit and Vanquis will still consider you if you’ve been turned down in the past.

Frequently Asked Questions

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.

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