How to Apply for Aqua Credit Card 2024?

In today’s fast-moving world, a reliable and trusted credit card with high limits and low service charges can significantly enhance our financial flexibility and make it more secure. One such option that stands out is the Aqua credit card.

Aqua credit cards are designed to serve individuals with varying credit histories. It offers various features and benefits modified to meet different financial requirements.

In this detailed article, we will deep dive into the the various aspects of the Aqua Credit Cards, from its application process to managing it efficiently, exploring its perks, and many more.

What is the Aqua Credit Card?

Aqua credit card is nothing but a credit builder specially customized for people with low credit. It is a credit card issued by NewDay based in the United Kingdom which was launched in 2000.

There are many credit cards available in the market but with high maintenance charges and require a high credit score. The main purpose of the Aqua card is to help build your credit history. Using this responsibly and paying the bill on time helps build your credit score.

Why should you apply for an Aqua credit card?

Following are the unique features that make this card ahead of the rest of the credit cards:-

1. Safe and Secure
   It provides you 24/7 full protection support with a guarantee of 100% account safety. The friendly customer support can help you all seven days if you need any assistance.
2. Personalized Credit Limit
   This feature includes understanding the client’s needs and can increase your credit limit if you use and pay the bill on time.
3. Expert Support and tools
   The Aqua app helps you to improve your credit score with its advanced support and tools.
4. Improve your Credit Score
   Having a low credit score is the main reason why people don’t get credit easily but Aqua
   will help to build your credit score.
5. Level up reward
   If you use a credit card sincerely and pay the bill on time can unlock many rewards like like higher credit limits and money-saving offers over time.

Aqua Credit Card features

Following are the features of the Aqua Credit Card:-

1. Types of Cards: Aqua offers two main credit cards: Aqua Classic and Aqua Advance. The main difference is that Aqua Advance has a slightly lower interest rate than Aqua Classic.
2. Credit Limits: When you first get an Aqua card, your credit limit will be between £250 and £1,200. This is how much you’re allowed to spend using the card.
3. Interest Rates: Both cards have higher interest rates than regular credit cards. For Aqua Classic, it’s up to 37.9%, and for Aqua Advance, it’s slightly lower at 34.9%.
4. No Rewards: These cards don’t offer any rewards or perks like cashback or points for spending. They’re more about giving people with less-than-perfect credit access to a credit card.
5. Useful Features: Aqua provides helpful tools like text alerts, a mobile app, and credit monitoring to help you manage your account and keep track of your credit.
6. Fraud Protection: Aqua card comes with a MasterCard Security Check, which makes it harder for fraudsters to make purchases with your card without your permission.
7. Consumer Protection: Aqua is regulated by the Financial Conduct Authority (FCA), and purchases made with your card are protected under Section 75 of the Consumer Credit Act. This means if something goes wrong with a purchase between £100 and £30,000, like if the item is faulty or doesn’t arrive, you can apply for a refund from the card issuer.

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Eligibility Criteria for Aqua Credit Card

To get approval easily you need to meet certain criteria:-

• Age and Residency: You must be at least 18 years old, have a permanent address in the UK, and have a UK bank account.
• Existing Cards: You can’t already have an Aqua card, and you can’t have opened any other credit cards from NewDay (like Marbles, Opus, Fluid, or Bip) in the last year.
• Financial History: You shouldn’t have declared bankruptcy in the last 18 months or received a County Court Judgement (CCJ) in the past year.
• Credit Score: Surprisingly, your credit score doesn’t play a big role here. Aqua is more focused on helping people with bad credit, so you might have a better chance of getting approved for an Aqua card compared to a regular one.

How can I select the best Aqua credit card?

Aqua credit card is a credit card builder that helps you improve your credit score if uses it responsibly. Paying the bills on time can increase your credit score. But the question is which aqua card is best for you?

The following features help you decide and choose the best credit card per your requirements.

1. Classic Aqua Card:
   • Helps improve your credit score over time.
   • Shows lenders you’re reliable with repayments.
   • Useful if you want to apply for a loan but are worried about being rejected.
2. Aqua Advance Card:
   • Similar interest rate and credit limit to the classic card.
   • Offers lower fees for using the card abroad.
   • Takes a few years of responsible use to benefit from the decreasing interest rate.
   • If you’re looking for better rates sooner, consider applying for a different card once your credit score has improved.

Is Aqua a good credit card provider?

Here is the rating of Aqua customers across the following five categories:

How does Aqua compare with other providers?

• Interest Rates: Aqua’s APRs, at 34.9% and 37.9%, are a bit higher compared to some other companies like Capital One and Vanquis Bank.
• Useful Tools: Aqua offers handy tools like “Aqua Coach” and access to your TransUnion credit report through CreditView.
• Unique Feature: With Aqua Advance card, if you stay within your credit limit and pay on time, the interest rate drops each year over three years.
• Customer Satisfaction: Aqua has a Trustpilot rating of 4.3 out of 5 from over 11,000 reviews, which is slightly better than competitors like Capital One and Vanquis.
• No Foreign Exchange Charges: While Aqua doesn’t have rewards like some competitors, it does offer benefits like no foreign exchange charges when using the Aqua Advance card abroad. This can be handy if you travel frequently.

How long does it take to get an Aqua card?

When you apply for an Aqua credit card, you’ll usually get approved within seconds. But Sometimes checking the documents manually could take one or two days. After successful verification, you will receive a new card in the mail within seven to ten working days. You will receive your PIN separately for safety purposes.

Aqua Credit Card Customer Feedback

Here are the few pieces of feedback Aqua Customers gave after using and feeling the differences.

Conclusion

In conclusion, the Aqua Credit Card proved to be a valuable financial tool for individuals looking to build or rebuild their credit score, managing your credit card effectively and clearing the dues on time helps to improve your credit score. Understanding its features and making the most of its benefits, can steer your finances in a positive direction for the future.

Ella

Hello! I’m Ella Patel, a blogger based in India with a strong specialization in the finance sector. My journey into the world of finance and writing is a blend of academic achievements and professional experiences, which I am excited to share with you