Vanquis The Visa Card
Having problems getting a credit card? Vanquis specializes in understanding individual’s circumstances, which means they might be able to help if you have a poor credit history, or have had credit problems or CCJs in the past. Typical 39.9% APR variable. Apply online for a response in 1 minute!
 | You can compare the Vanquis The Visa Card against other Vanquis Credit Cards. | ||
| Company: | Vanquis Bank Ltd http://www.vanquis.co.uk/home/Home.aspx  | ||
| Product: | The Visa Card | ||
| Apply via this site: |  | ||
| Card Details | |||
 Card Issuer: | The card is issued by Vanquis Bank Ltd. | ||
| Type: | This item is only available as a Visa card | ||
| Application Criteria | |||
| Min Age (yrs): | Minimum age for applicants is 18 years. | ||
| Min Income (£pa): | Minimum income required is £4000 p.a. | ||
| Introductory Rates | |||
| Intro Purchase Rate AER: | No introductory rate for purchases available. | ||
| Rates | |||
| APR - Purchases: | The typical APR is 39.9% p.a. | ||
| Cash Advance AER: | The annual interest rate for cash advances is 49.9%. | ||
| Benefits | |||
| Cash-Back Reward: | A cashback reward scheme is not available. | ||
| Air Miles: | There is no travel reward programme available. | ||
| Other Incentives: | Repayment Option Plan · The client will be eligible to enrol in the Repayment Option Plan (the 'Plan') after their Account has been opened · The Plan enables the client to freeze their Account in the event that they or their family experience a difficult financial circumstance (detailed in this section). While their Account is frozen, interest will not accrue, the client will not be obliged to make any repayments or pay any charges and they will not be able to use their Card or Account. The Plan is not insurance · The client can enrol in the Plan by either: requesting the Plan from one of Vanquis' New Account Representatives or; by calling Customer Service or; via Vanquis QuickCall · The cost of enrolment is additional interest of 0.79% per month (9.48% per annum) of the client's Account balance at the end of each monthly statement period ('Plan Interest'). If the client is retired, unemployed or permanently disabled, the Plan Interest will be 0.69% per month (8.28% per annum) of their Account balance · Plan Interest will be billed directly to the client's Account each month · Once enrolled in the Plan, the client can activate the Plan if: a) one or more of the following events (as applicable) happens; and b) the client contacts Customer Service; and c) the client provides Vanquis with reasonable evidence of the relevant event. The events are: i) the client becomes unemployed involuntarily (other than as a result of their own misconduct); ii) the client becomes sick, disabled or has an accident, and suffers loss of income; iii) the client takes leave from work to care for a member of their family, and suffer loss of income; iv) the client has to stay in hospital because of a medical condition; v) the client has to attend jury service; vi) the client's main home is significantly damaged by a natural disaster e.g. flooding; or vii) the client's partner (who they have lived with for at least the previous 6 months) dies · The client can freeze their repayment obligations for as long as any of the above events apply, up to a maximum period of 12 months per event (or series of connected events). After any of the above events cease to apply (or after 12 months if sooner), interest will accrue again and the client will be obliged to continue their repayments and pay any applicable fees and charges · Once enrolled in the Plan, the client's Account has been open for at least 6 months and is in order, and the client gives Vanquis at least 14 days notice, they may choose to take a payment break from their obligations to pay the Minimum Repayment for one month per year. However, please note that this would prevent entitlement to an interest free period on Purchase Transactions. | ||
| Shopping Reward Prog: | No shopping reward program available. | ||
| Fees & Charges | |||
| Annual Fee (£): | There is no annual fee. | ||
| International Charges %: | If the cardholder makes transactions in a currency other than sterling, theywill be changedthe amount of sterling at an exchange rate they use. The chargewill be2.75% of the value of each foreign currency transaction. | ||
| Interest Charged from: | Vanquis charge interest on all transactions and cash advances from the date of the transaction or cash advance and, for all cheques, balance transfers and all other amounts, from the date they first charge the amount to the account. | ||
| Interest Free Period: | Up to 56 days interest free period. | ||
| Min Payment £: | The cardholder must make a minimum payment of £5.00 or 4.50% of the total amount owing on each statement, rounded up to the nearest pound (or the full balance if it is less than £5.00). | ||
| Compare | |||
| Products: | www.vanquis.co.uk Credit Cards | ||
