Vanquis Credit Card Review

Overview

Have you had a credit card application declined in the past for any of the following reasons: because you're new to credit, have a history of bad credit, a bad credit rating (including CCJ's), you're on a low income, work part time or are self employed? 'Vanquis understands these individual circumstances and could offer a solution if you find yourself in this type of situation.'

They have already helped over 300,000 people in similar situations. A Vanquis Visa Card could be just what you need. You can make a Vanquis Visa credit card application in about 5 minutes and we'll give you a response within 1 minute, which could give you the financial flexibility and convenience that helps make life so much easier. 

Who can apply?

You must be over 18, a UK resident and have a landline phone number. We recommend you have your salary, banking and employment address details to hand to avoid any delays in applying. .

What benefits do you get with your Visa Card?

• No annual fee
• A credit limit assigned at a fixed amount to help you stay in control
• Up to 56 days interest free on purchases
• Free additional cardholder
• Free fraud monitoring - we'll warn you of any suspicious activity on your account
• Chip & PIN technology for added security whenever you use your Card
• Visa is widely accepted in the UK and abroad
• Convenient for paying online and over the phone
• Friendly UK call centres

What are the credit card charge rates?

Card issue fee               Vanquis is Free
Typical APR Rate         Typical 39.9% APR variable.
Intro Offers               A credit limit assigned at a fixed amount to help you stay in control - Initial credit limits range from £250 to £1,000.
Annual renewal fee            Free

Default Charges?

Late payment and over limit fees are £12. Returned payment fee of £12 if a Direct Debit or cheque is not honoured .

What is the minimum payment I need to make each month?

5% of your balance or £5 whichever is the greater.

Repayment Plan option?

Take time out - Expensive month? Once you have had your account for 6 months, and as long as your account is in order and you give us 7 days notice, you can take a payment holiday every six months. That's one extra payment holiday a year! Helpful if you've just had an unexpected expense. However, please note that interest will still accrue on your account.

Freeze your account - Freeze your account for up to 2 years in the event of a difficult financial circumstance. While your account is frozen, you will not be charged any additional interest or charges and you will not need to make payments to your account. Please note you will not be able to use your Vanquis Visa Card whilst your account is frozen.

Where do i make a Complaint?

If you would like to make a complaint about your  Card, please write to them at Vanquis Card Customer Services PO Box 399, Chatham, ME4 4WQ
They have procedures in place which will make sure they handle your complaint fairly and quickly. However if you are not satisfied with the outcome of your complaint you can write to the Financial Ombudsman Service at South Quay Plaza, 183 Marsh Wall, London E14 9SR.

Please contact Customer Services on 0870 850 7755.  Lines are open between 8am and 8pm Monday to Friday and 9am to 5.30pm on Saturday. Please note that calls are charged at national rate.

Your right to cancel?

Once you have signed, you will have for a short time a right to cancel this agreement. You can do this by sending or taking a WRITTEN notice of cancellation to Vanquis Card Customer Services, PO Box 399, Chatham, ME4 4WQ .
If you cancel this agreement, you will still have to repay any money lent to you. But if you repay all of it before your first payment is due, you will not have to pay interest or other charges.

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Main Features

'Vanquis understands these individual circumstances and could offer a solution if you find yourself in this type of situation'.

         
Issued By:
Vanquis Visa Card is issued by Vanquis Bank Limited whose registered office is at Colonnade, Sunbridge Road, Bradford BD1 2LQ. Registered Number 2558509 England.

Disclaimer All credit card APRs, features, charges, benefits and other information listed by Compare Prepaid represent the most recent information available at the time of writing. Every effort is made to keep the site accurate, however we cannot guarantee that a credit card issuer has not increased or decreased one or more of the APRs or fees/charges associated with a particular card or changed its features, obligations or benefits. Please be sure to read the credit Card agreement fully and carefully before making any agreement.