Vanquis Credit Card

...I found an advert for Vanquis Bank on money supermarket.com, and read some really awful reviews about them, and gut wrenching APR’s, but stuck in a rut I took the plunge eye’s wide open. I applied on line at www.vanquis.co.uk and filled out the online application with took about 4/5mins. The website as of Aug 09’ was advertising typical APR of 39.9% 3 days later I received a phone call from a polite call centre operator stating that they needed ...
...cash bank transfer from my Vanquis Card to my bank account in the meantime. I declined this offer and advised it would be silly when you cannot confirm my credit limit. I also declined there offer off the payment protection plan as I intended to pay the balance of every month. One week after my initial application I received a copy of the credit agreement and a welcome leaflet. I had been offered a credit limit of £250 at a purchase APR of 34.080% ...

Norwich999 04.11.2009 · Read full review
Ciao members have rated this review on average: very helpful
Review of Vanquis Credit Card

Vanquis Bank are absolutely horrendous. Myself and my other half are with Vanquis customers. My OH has been with them for 2 years, applied for the card when he still had some defaults and a CCJ outstanding on his credit report, they gave him a £250 limit and a 59.9% APR. Fine for building credit, we made sure to pay off the balance in full each month to prevent interest being charged, which was good for a short time. Then came the lies, his credit ...
...a £500 limit. So Vanquis has helped him get a better credit score, but he's stuck with them now because other lenders are being stingy with credit limits. I myself have just become a customer of Vanquis as I've just been discharged from Bankruptcy, they gave me £250 with 39.9% APR, but with what's happened to him I'll be closing the account in favour of an Aqua card which I have been approved for. AVOID THEM. TRY FOR AQUA or CAPITAL ONE CLASSIC INSTEAD!!! ...

izools 12.08.2009 · Read full review
Ciao members have rated this review on average: very helpful
Review of Vanquis Credit Card

...the level of service that Vanquis offer. The interest rate on the card is very high at 39.9%, however, Vanquis claim that this will be reduced year on year provided you have maintained a good record with them. As I pay off the full balance each month, I rarely pay any interest, and any that I do pay usually comes in at around £1 per month. A modest amount for the privileges that I am now enjoying again. I would say that if you only plan to pay ...
...speak to an advisor. Vanquis are generally very friendly, that is, until you miss a payment. I missed one payment, purely because I forgot to pay it, and ended up receiving multiple phone calls (7 in one day!) from them chasing for payment, and also a number of letters in the post. However, this situation was soon rectified after I sent them the payment as promised. In summing up, I would say that this is an ideal card for those in the same position ...

TheHairyGodmother 15.04.2006 (17.03.2007) · Read full review
Ciao members have rated this review on average: very helpful
Review of Vanquis Credit Card

...by my husband!!!!). Vanquis Bank are a company who offers credit to people with a bad credit history (i.e. CCJs, missed payments etc and just no credit history). Anybody who has ever tried to get credit for the first time will know its sometimes very difficult, if you have never had any kind of credit given to you, companies won't take you on, as they don't know if your a risk or not...and so Vanquis offer a "credit score boosting card"...basically ...
...them get by.) Vanquis will give you this card, but at a VERY high interest rate, around 45% interest...this is to make them money, and to cover their backs money wise should you have any late payments in the future. When we got the card through the post we were told we had a £300 limit, and that it would improve over time as we paid off the £300 once it had been spent, although at first we said the card would be for emergencies, it started been used ...

stephbond89 14.06.2009 · Read full review
Ciao members have rated this review on average: very helpful
Review of Vanquis Credit Card

...The Credit Card is issued Vanquis Bank Limited. Sounds very posh does'nt it. The leaflet told you very little about the credit card except that it told you it had an excellent customer contact centre. I was quite intrigued by the leaflet and decided to find out a bit more. The Vanquis Credit Card is a Visa Card so at first I thought so far so good. The more I read the leaflet the more I got the feeling that there was something wrong. Then all of ...
...my old friend Provident. Vanquis Bank Limited is a subsidary company of Provident. However if they offer you a hundred pound credit limit they can charge you 58.5% with a £10 a year charge, whilst the Classic and the elctron card can be between £10 and £19 a year charge. For those who do not know who are Provident are, here is the low down. They give people vouchers for stores and you pay them weekly by a collector coming to your house each week ...

BUBBLES171 07.03.2004 · Read full review
Ciao members have rated this review on average: very helpful
Review of Vanquis Credit Card

...it is in order! Vanquis card is one of those 'high risks' cards offered by a number of companies. As they are for people with higher than normal chance of not paying up, they are priced accordingly. Some examples are Capital one and Monument Visa from HSBC. I got a mail from Vanquis back in 2005 when they are trailing this credit card in Scotland. It promise a card for someone like me, who have poor/no credit history. I applied for, and got approved ...
...banks for a card. But Vanquis promise to help me built up my credit history, which they did. They will report to the main credit reference agencies every month on your 'performance'. After a short 3 months with them, I have enough of a history to get approved by amazon. Their call centres are usually very good, and I never had a problem with them. However common to most call centres, you have to first navigate through a number of voice prompts before ...

alvinlwh 14.04.2007 · Read full review
Ciao members have rated this review on average: very helpful
Review of Vanquis Credit Card

...them lowering the interest rates. Vanquis parent company Provident Financial is famed for horror stories but one of Vanquis's good points is their intrest rate is lower than Provident's. If possible shop arround for credit cards or better yet try a Pre-paid Debit Card. I recommend Paypal's as you can avoid top fees if topped up via your bank account on their site. Of course other cards are available but they all charge for topping up along with the ...

MICHAELGILL 10.03.2009 · Read full review
Ciao members have rated this review on average: helpful
Review of Vanquis Credit Card

As you've probably gathered, this card is for people who either have no credit history or a poor history. It's relatively easy to get accepted with this card, however, the APR is extortionately high at an average of 39.9%. I'm ashamed to admit I did have credit problems a while ago when I was a spendaholic but I've now learned from them. Provided you keep within your credit limit and make payments on time then customer services and generally very ...
...embarrassing as I was in a shop at the time). I telephoned customer services and a new PIN arrived a few days later. I will shortly be paying off my 2nd bill in full so will qualify for 56 days interest free credit on purchases. I've also taken out their repayment option plan which should allow me to freeze my account and suspend repayments if my income goes down. I've only had the card for a little over a month so this review will be updated as ...

richardorford 04.06.2008 · Read full review
Ciao members have rated this review on average: helpful
Review of Vanquis Credit Card

...I applied on the vanquis credit card application on their website. The application is simple enough and took about 10 minutes. Once i had submitted i was told online that all checks were done and i would be advised via email the decision. I waited a few days and still i had not received anything from them. I then received an email from vanquis with a credit agreement, It also advised that receiving a credit agreement did not mean i had been accepted ...
...full every month. Vanquis have a telephone system where you can register your debit card to make payments - or you can do it via direct debit. You can also pay your bill at the post office. I have found making payments at the post office take the longest to clear on your card. In my opinion it is easier to make payments either over the phone or by direct debit. The customer service is very good and the staff are always very helpful and polite. So ...

ashansell 19.11.2009 · Read full review
Ciao members have rated this review on average: helpful
Review of Vanquis Credit Card

This card is a last option for many people with a bad credit history. It is operated by provident financial services- a company providing small loans at high interest rates to those that can least afford it. The credit card itself usually comes with a low initial credit limit of £150-250 and high APR of close to 50%. Current rates can be found on the company website at www.providentfinancial.com. These limitations mean that the card is a very bad ...
...i would always suggest Capital One first if you have poor credit. However, if Capital One turn you down and you have always managed to pay your bills on time, but fell on hard times and have since recovered only to have a useless credit rating, then this card could be ideal. If you pay the full balance each month, then the high rates will not be a problem. In this case, the card can certainly help you build a better credit rating until you are ...

salva_nos 19.10.2005 (11.02.2006) · Read full review
Ciao members have rated this review on average: helpful
Review of Vanquis Credit Card

well what can i say... i joined vanquis last year and held a PERFECT account. 2 months ago i went over my limit by £4, fair enough, i got charged which i was fully expecting, but i was away on holiday when the bill came in and didnt get back to pay it in time. so ANOTHER charge i thought. Nope, they just cancelled my card, account etc etc. and in the last few weeks, ive had no less than 400 phone calls off them harrassing me for money. Ive had to complain about them and change my number. stay well away ...

pink-kissess 02.08.2007
Ciao members have rated this review on average: helpful
Review of Vanquis Credit Card

After joining Vanquis due to a poor credit history after being a student, I first thought that they were a pretty good company. I paid my account in full each month and my credit rating quickly improved. However during my Christmas statement I decided to make the minium payment and clear the balance in January. If you decide to do the same, I'd advise you NOT TO. I paid the min amount as advised by the statement. HOWEVER, Vanquis decided that the ...
...my account and stop me from going over my limit - which in turn placedplaced charges onto my account, inc an over the limit fee. I contacted the customer service team and was quickly connected to one of the most rude people I've ever had the misfortune of speaking to. She showed no interest in my account or me as a customer and advised that the min payment was a "guide line" and it was the customers responsibilty to check the min payment and work ...

Flossy_Sheep 15.01.2007 · Read full review
Ciao members have rated this review on average: helpful
Review of Vanquis Credit Card

...some very poor reviews of Vanquis here, I actually highly reccomend them if you have no other avenues of credit. Their customer service team has always been very friendly and helpful whenever I've called them, and their telephone banking service is as good as any high street bank's. In my first month, I did actually go over my credit limit somewhat, and was 2 days late in the payment reaching them. Despite this though, they did NOT charge me anything ...
...charges for such incidents. On the downside, the APR is absolutely extortionate at being just over 50%. But, if you have poor credit, this is the price you have to pay. I make sure to pay the whole balance every month, and thus improve my credit rating, and don't incurr any interest. All I can say is give it a go, in the long run it could be a help! ...

kinetix63 20.10.2005 · Read full review
Ciao members have rated this review on average: helpful
Review of Vanquis Credit Card

...not state their name at the start. Fair enough this card is fine for those trying to rebuild their credit reference, but for any other reason I would give Vanquis a wide berth. Will be paying off my account in full this week. Goodbye Vanquis and good riddance! ...

vanquisvanquished 09.02.2009 · Read full review
Ciao members have rated this review on average: helpful
Review of Vanquis Credit Card

I have recently acquired a Vanquis Visa card and would recommend it to anyone. This card is aimed at those with a poor credit rating who may be turned down by other lenders. Obviously the increased chance of acceptance comes at a price....this being a high APR (anything from 29.9 % to 64.9%) and an annual fee of £10 for the Visa Electron Card and £19 for the Classic Visa card. Depending on your situation you may be offered one of two cards. First ...
...line of credit if needed. Vanquis state in their literature that card upgrades may be offered for those who manage their accounts properly. I presume this means lowering of APRs and credit limit rises. I would also presume that Visa Electron customers may be offered Classic Visa if they prove their ability to manage their account in a proper manner. For those setting out on the path to a better credit record, this product is a great way to start! ...

YorkshireGary 28.11.2004 · Read full review
Ciao members have rated this review on average: helpful
Review of Vanquis Credit Card