How to Get a Vanquis Classic Credit Card

Having quick access to cash is not so difficult nowadays, considering the multiple offers we have regarding credit cards. Nonetheless, with so many offers, it is quite tricky to determine which one is the best for our needs. 

If you live in the UK, you have probably considered the Vanquis Classic credit card. This card helps people with low credit scores to access/borrow money. So, if you want a card that can help you rebuild your credit score, this is your chance and a great choice for you.

Let’s have a closer look at the benefits of Vanquis Classic credit card, its benefits, and how we can apply for it. 

Credit Card Features

Vanquis credit card comes with an APR (Annual Percentage Rate) starting from 39.9 to 69.9% for those who seek a credit card that can help them rebuild their bad credit score.

You can make a deal with the bank to pay a monthly rate that is affordable for you and don’t miss a payment. After all, this card is made to support you in every way. You cannot apply for a second Vanquis card if you already have one.

Also, if you are a balanced person and you don’t spend all your money at once, this will show the lenders that you are a reliable and responsible person.

During your free interest period, you cannot benefit from rewards or introductory points. This is made in the idea that the card will only help people rebuild their credit score and not to take advantage out of it.

Benefits

One of the benefits is that you can manage your own limits from £150 to £1,000 per person if you are not late on your payments. Also, the bank gives you the opportunity to increase your limit up to £4,000 after a minimum of 5 months. The credit holder can receive 0 % interest on their purchases up to 28 days.

Discounts and Point System

You can benefit up to 28 days of interest-free on your purchases, but you cannot benefit from extra award points. If you make the payments on time, you can manage and increase your limit by up to £4,000 after your fifth financial statement.

Pros,Cons, and Eligibility

On the bright side, you have manageable limits and is your choice how much can you spend. It can help you rebuild your bad credit score if you are a good payer and don’t go over the limit again. They allow you to pay an affordable rate so you can keep up with your repayments. You have up to 28 days of interest-free on all your purchases.

On the other hand, there is the high APR from 39.9 to 69.9% annually. The penalty fees can be improved or eliminated. The bank will not give you extra points or introductory interest-free periods. 

It is very easy to set up and check your eligibility online and get a quick response from the bank. If you are over 18 and a British citizen, you can apply for a Vanquis Visa Classic Card online after you check with the Eligibility Checker.

With a quick search on this checker, you can see if you are eligible or not for this card, and the bank will give you a response in less than 60 seconds. You can click here and check your eligibility right now.

How to Apply

By using the eligibility checker, you can proceed with the first steps towards your application. Upon the completion of this process, you will be notified whether your application will be accepted or not. 

Fees and Interest

Vanquis credit card has an annual percentage rate that can vary from 39.9% to 69.9% per year. Of course, the bank has a penalty fee, and if you exceed the amount of money that you borrowed, the interest fee will be £12. Also, if you move or change or address and you will not inform your bank, you will be charged £25, which is a fee for tracking.

Contact Details

The bank's address, postal and physical, is the following.

Goodwin Street in Bradford, West Yorkshire, BD1 2SU, United Kingdom

You can also use the following number from Monday to Friday during working hours (9 am to 5 pm).

Customer Services 0330 099 3000

Conclusion

If you want to rebuild your credit score and access money, the Vanquis card might be an excellent idea for you. You can set up all the information online and check your eligibility following a simple process. 

Note: There are risks involved when applying for and using credit cards. Consult the bank’s terms and conditions page for more information.