Our cardholders can enjoy great lifestyle and travel benefits on their EBL Cards round the year. To give you an idea, we’ll provide an initial limit of between £250 and £1,200. This means when my spending hits £3,333.00 in a 12 month period and I’ve reached the maximum cashback, I stop using the card. The aqua Classic credit card is a fairly standard “credit-builder” card aimed at those with limited or poor credit history. You may lose any promotional interest rates, e.g. An initial credit limit between £250-£1,200 Build your credit score, if you manage your account and finances well Potential to increase your credit limit if you manage your account well Your aqua online account lets you manage everything to do with your aqua card in one convenient place – from paying your balance to changing personal details. Bangladesh, 14TH EMPLOYER BRANDING AWARD BEST EMPLOYER BRAND AWARD 2019, Copyright ©2019 Eastern Bank Ltd. All Rights Reserved, International Business and Offshore Banking Unit, Disclosures on Risk Based Capital (Basel-III), Warning against illegal forex trading/dealing, All Card Related Payment: USD 1 = 85.4500, EBL Diners Club International Global Prepaid Card, Discount facilities at over hundreds of partnered merchants, Round the clock cash withdrawal facility worldwide at large Mastercard ATM network, Absolutely free Cash withdrawal from any EBL ATM, Access to shops & restaurants throughout the globe, Completed EBL Prepaid Card Application Form, Recent Passport Size Photograph of Applicant, Valid Passport is mandatory for endorsement for International Transactions. The card provider might offer you a higher credit limit, once you’ve been with them for a while. Dhaka-1212 The starting Aqua Classic credit card limit is between £250 and £1,200, depending on your credit history. Although they come with a higher Annual Percentage Rate (APR) than mainstream credit cards, they can be a gateway to more competitive products if you manage your account well and repay what you owe on time.. Aqua was launched in 2002 with the aim of helping people who may have been refused credit or overlooked by … NewDay Ltd and NewDay Cards Ltd are authorised and regulated by the Financial Conduct Authority (FCA) with numbers 690292 and 682417 respectively. Our most popular credit card, the Aqua Classic could help improve your credit history. EBL Mastercard Aqua Prepaid Card is an EMV Chip card, bundled with lots of benefits. *EBL reserves the right to request additional document(s) to ensure due diligence
Subject to status. Thereâs no set amount of time for us to consider increasing your credit limit. Aqua is a trademark of NewDay Cards Ltd, which is used under licence by NewDay Ltd. How often do Aqua increase credit limits? This will depend on the terms of your individual credit card. A. Aqua credit card services are completely incompetent. We continuously monitor your account and could even offer to increase your credit limit after four months of good credit behaviour. Initial credit limits run between £250 and £1,200. Conditions Apply. Aqua card - The start card. Itâs important to get in touch with your provider as soon as you realise youâve gone over your limit and try to pay off the excess balance as soon as possible. Sticking to your limit is important for building better credit. You can avail this card from any EBL Branch without having any account. It’s marketed as a ‘credit builder’ option for exactly this reason. A bank or credit card issuer can generally lower (or increase) your credit limit at any time as long as it’s allowed in the credit card agreement. You can avail this card from any EBL Branch without having any account. A utilisation ratio of 10%, as in the above example, looks better on your credit report than a ratio of 95% because it shows lenders that youâre managing your money and that youâre not stretching your finances. Your credit utilisation ratio (or credit utilisation rate) is the amount of credit youâre currently using divided by the amount of credit you have available to you. Aqua Card is great I moved to the UK recently, I applied for the Aqua card to build my credit score. Alternatively, if you donât want to increase your limit at all, you can ask your card company to opt you out of and increases. We continuously monitor your account to see how youâre getting on and may increase your limit, so long as youâre making your monthly payments and sticking to your current credit limit. Yes â you can ask to reduce it at any time, for example, if you find youâre not spending anywhere near your credit limit. If youâre regularly using all of your credit limit â no matter what it is â itâs a sign that you may not be managing your credit well. If aqua is able to offer you this deal, the offer will specify a personalised credit limit based on aqua's assessment of your situation. Aqua Cashback Rewards: The Aqua Reward Credit Card offers 0.5% cashback on purchases, capped at £100 a year. Reduce your rate over three years if you stay within your credit limit and pay on time.
If you do want to increase your credit card limit, there are a few things you should be doing: Not necessarily. They say that using thier credit card will help build your credit score. Aqua Advance reduces your interest rate over time. You can also ask your provider to increase your credit limit. Terms apply. Credit Builders don’t tend to come with much in the way of perks, but this card’s a bit of an exception. Kotak Mahindra bank, India's leading private sector bank offers a massive range of Welcome to the world of EBL Cards! The latest addition to our suite of credit cards is aqua start, which has been designed to help customers on the first leg of their credit journey. Improve your credit score with an Aqua credit card, the cards for people with a poor credit history. , the credit limit we offer will be based on your personal circumstances. If youâve been accepted and are not happy with the credit limit offered, you can choose to not sign the card agreement, but bear in mind that the application will still show up on your credit report. For example, if you need to pay for essential repairs to your car but have worked out a repayment plan, then it might be sensible to increase your credit limit. A relative offered me some money to buy some clothes as a present. The Classic Credit Card is apparently Aqua's most popular card and will consider those with poor credit, including the self-employed, individuals who've had trouble with late payments in the past and those with a low income. Your card provider will set your limit when you take out your credit card but it can change depending on how you use it. Most providers will give the range of the potential credit limit they offer on a specific product. Please note that the information in this article is for information purposes only and does not constitute advice. Offering an initial low and manageable credit limit, aqua start provides a solution for those who may not previously have been able to access the existing aqua credit card range. The registered office for these companies is 7 Handyside Street, London, N1C 4DA. The APR applicable to your account will depend on our assessment of your application. ... Hi, have looked into what sort of credit limits aqua usually offer to start with and it's between £250 and £1200. Starting credit limit from £250 to £1200. Manage your account anywhere, anytime, with our secure mobile app. EBL Mastercard Aqua Prepaid Card is an EMV Chip card, bundled with lots of benefits. They may be licensed to provide credit card services but they are not competent. This will ensure more security, convenience and flexibility for making your everyday spending with a single card. Failure to make payments on time or to stay within your credit limit means that you will pay additional charges and may make obtaining credit in the future more expensive and difficult. Great starter card. I figured that they’re more likely to accept my application as they market themselves as a credit builder credit card for people with poor credit. It only applies to credit cards and other forms of credit that donât have a pre-determined end date, which means mortgages and loans donât count, but it can still be an important factor in your credit score. However, if youâre planning a holiday and just want a bit more spending money, then increasing your limit might not be such a good idea. Itâs worth thinking about why you want to increase your limit, how youâll use any increased limit, and whether youâll be able to make repayments. Your aqua online account lets you manage everything to do with your aqua card in one convenient place – from paying your balance to changing personal details. The representative APR is 35.9% for an assumed spend of £1,200 to be repaid over one year. Your card company may charge you a fee for going over your limit. We can help you start your journey to building a better credit score when you manage your account well. What credit limit will I get with the aqua Advance Mastercard? A credit limit is the maximum amount you can spend on a credit card. Be aware that some credit cards charge a fee to increase your credit limit. And, the First Premier Bankcard charges 25 percent of the increase each time you’re approved for a credit limit increase. If youâre happy with your existing limit or worried that a higher limit might tempt you to spend more, you can also reject any increase your card provider offers. The Aqua Credit Card is marketed to people like me who have less-than-perfect credit. a 0% offer on balance transfers. Credit available only to UK residents aged 18 and over. This will ensure more security, convenience and flexibility for making your everyday spending with a single card. Read AniyaLindsey's review of the Aqua Credit Cards - www.aquacard.co.uk , 18 of 229 Aqua Credit Cards - www.aquacard.co.uk reviews, & compare with other Credit Cards at Review Centre. You must pay at least the contractual minimum payment every month, which is an amount equal to the sum of interest, default fees plus either 1%, 2%, 2.5%, 2.75% or 3.25% of the full amount you owe, as shown on your statement (minimum £5). Keep making your payments on time and stay within your credit limits, we'll drop your interest rate every year for three years. If itâs possible to go over your limit â itâs not a good idea. Click here to know more about the card and to apply for 811 #DreamDifferent Credit Card from Kotak Mahindra Bank to avail benefits. Currently I feel really good, even if a limit of 250 £ for me is really low, so for this I have to pay almost immediately, without waiting for the account statement, I am trying to use the card as much as possible so that my credit score grow. As is standard with these types of card, this means you’re likely to get a low credit limit and high interest rate. You can also reload money whenever it is necessary. Your card provider may increase your APR. Reduce your rate over three years if you stay within your credit limit and pay on time; No extra fees on what you spend abroad NewDay Ltd is also authorised by the FCA under the Payment Services Regulations 2017 (ref no: 555318) for the provision of payment services. On the other side, having a higher credit limit can help to show that you can be trusted with credit, but the bigger impact can be on whatâs known as your credit utilisation ratio. Your credit report may be marked, which could make it harder to get credit in the future. Beware of Credit Limit Increase Fees . The minimum limit offered on the card is £250, while the maximum is £1,200. Now the reason for that is that the Aqua Reward Credit Card pays a healthy 3% cashback, but with an upper limit of £100 cashback a year. However, youâll only know your individual set limit once youâve submitted a full application and have been accepted. I obtained a credit card from Aqua with a credit limit of £250 and it came on my birthday. Going over your credit limit may affect your credit score. aqua credit cards are also on the Mastercard network, which means they can be used in more than 35 million places worldwide. Life flows better with EBL Cards! Apply for 811 #DreamDifferent Credit Card at Kotak Bank in 3 easy steps. What are the benefits of the Aqua Classic card? EBL offers a range of Credit, Debit and Prepaid cards to meet the daily financial needs of both consumers and corporates. I'd joined Aqua last year in December and they gave me a starting limit … Remember: a higher credit card balance means more interest . For example, if you only have one credit card with a limit of £500 and a balance of £50, your utilisation ratio is 10%. Aqua is one possible option if you’re looking to build your credit rating and just looking for a few hundred pounds. Credit is provided by NewDay Ltd. NewDay Ltd and NewDay Cards Ltd are companies registered in England and Wales with registered numbers 7297722 and 4134880 respectively. Tandem’s Journey credit card, used responsibly, could help you to build or rebuild a positive credit history, and Tandem even states that credit limits (which are tailored to the individual) can be reviewed after just “a few months”. About Aqua | Classic credit card aqua’s Classic card has an initial credit limit between £250 and £1,200 until customers have proved themselves to be able to pay on time and keep to their limit. A credit limit decrease can hurt your credit score by increasing your overall credit utilization if you’re carrying a large balance on your card. In this guide, weâll help you understand how credit card limits are set, what you can do to increase and decrease your credit card limit, and whether you should. Credit utilization accounts for 30% of your FICO score , and a maxed-out card can lower your score by 45 points. Most users are unlikely to hit this maximum however, as it would require spending £20,000 a year on your card—unlikely given the card's initial credit limit of £250 to £1,200. Aqua’s starting credit limits range from £250 to £1,200 depending on the card you go for and your credit profile. Aqua is a great credit card and has an… Aqua is a great credit card and has an easy to use App.They even gave me a credit limit increase shortly after I got the service..I'm very pleased in using Aqua and look forward to having and using my card.. Each month you'll receive a statement from us showing where and when you used your aqua credit card, together with the amounts you spent. All while you build a better credit score! Currently they have a 6 months balance transfer offer with 3% fee (minimum £3). With Aqua, you can do this using your Online Account Manager or using our automated customer service phone line. 100 Gulshan Avenue, Manage your account anywhere, anytime, with our secure mobile app. You should do all you can to avoid going over your credit card limit. About Aqua credit limits If you apply for an Aqua card, the credit limit we offer will be based on your personal circumstances. To give you an idea, weâll provide an initial limit of between £250 and £1,200. You can apply for a Aqua credit card with a limit of up to £300. Representative (variable) Get Aqua Classic benefits, plus. The important thing to remember is â as far as your credit utilisation ratio goes, the less of your credit youâre using, the better. Aqua Advance. They form part of the NewDay group of companies. aqua is part of the London-based NewDay group of companies, which is the credit card provider for some big high street names, including Debenhams, Topshop, Laura Ashley and Amazon. If you apply for an Aqua card, the credit limit we offer will be based on your personal circumstances. 34.9% APR. Want a longer-term solution? Spending over your set limit may have negative consequences both now and in the future, which could include: If you have an Aqua card, weâll send you a message if youâre getting close to your credit limit. ... Representative (variable) for Aqua Classic. Your credit card provider may increase your credit limit from time to time, if you make your payments on time and stick to your existing limit.Â. Aqua’s credit cards are designed to help you improve your credit score. One thing they can’t do is lower your credit limit and then immediately slap you with an over-the-limit fee or penalty rate if you happen to exceed the new lower limit. To give you an idea, weâll provide an initial limit of between £250 and £1,200. How can an Aqua card help? Aqua are charging me £12 every month as an overlimit fee despite the fact i am not using the card so technically i am not putting my account over the limit. Reduce your interest rate as you use your card when you manage your account well. What's an Aqua Classic credit card? Read 229 customer reviews of the Aqua Credit Cards - www.aquacard.co.uk & compare with other Credit Cards at Review Centre The Credit One Bank Visa Platinum credit card, for example, may charge up to $49 when you request a credit limit increase. I have an Aqua credit card which currently has a £2000 limit, i am up to my limit and havent used it for 6 months, i pay around £75 per month and dont miss any payments. Credit Card with interest free cash and up to 80% limit on term deposit is the best thing to go for. Initial limit of up to £300 aimed at those with limited or poor credit history here to know more the! And have been accepted Manager or using our automated customer service phone line we ’ provide! 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