aqua credit cards

As they are aimed at the subprime market, aqua credit cards come with a higher Annual Percentage Rate (APR) than mainstream credit cards, so they should be treated as a tool to rebuild your credit score rather than a means of borrowing. The aqua range of credit cards has now extended beyond its Classic card to its Rewards and Advance cards which pay you cashback and reduce the interest you pay annually. But you will have to pay off your balance every month to benefit.

Compare aqua credit cards - Sorted by APR

  1. Great for
    A credit limit of £250 - £1,200, that could increase after four months
    Helps to build your credit rating and offers FREE unlimited access to your credit report worth up to £130 per year
    But be aware that
    The APR is dependent on your personal circumstances

    Representative Example:

    If you spend £1,200 at a purchase interest rate of 29.71% p.a. (variable) your representative rate will be 29.7% APR (variable).

  2. Exclusive

    Exclusive £20 Amazon Gift Certificate for Moneysupermarket customers (T&Cs apply)

    Great for
    Helps to build your credit rating and offers FREE unlimited access to your credit report worth up to £130 per year
    Being able to reduce your interest rate to 19.9% APR (variable) by keeping to your credit limit and repaying on time
    But be aware that
    You must not have received a CCJ in the past 12 months

    Representative Example:

    If you spend £1,200 at a purchase interest rate of 34.91% p.a. (variable) your representative rate will be 34.9% APR (variable).

  3. Great for
    0.5% cashback on all purchases
    No foreign currency exchange fees
    A £20 Amazon Gift Certificate
    But be aware that
    You must not have received a CCJ in the past 12 months

    Representative Example:

    If you spend £1,200 at a purchase interest rate of 34.91% p.a. (variable) your representative rate will be 34.9% APR (variable).

  4. Great for
    A manageable credit limit of £100 - £300, that could increase after four months
    Unlimited access to your credit report and score, worth up to £130 per year
    Helpful UK based call centre staff to answer your questions
    But be aware that
    The APR is dependent on your personal circumstances
    You must not have received a CCJ in the past 12 months

    Representative Example:

    If you spend £300 at a purchase interest rate of 49.94% p.a. (variable) your representative rate will be 49.9% APR (variable).

Guide to Aqua credit cards

aqua does not guarantee to issue a credit card to every applicant, but it does promise to take a closer look at your individual circumstances and financial situation.

The aqua card works just like any other credit card, but the interest rates are much higher than the market average, reflecting the greater risk to the lender. The interest rate you will pay will depend on your circumstances; you will be informed when you apply what the APR applicable to you will be.

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The interest rates are the same if you want to transfer a balance from another card, perhaps because you are paying an even higher rate of interest elsewhere.

But you don’t have to pay over the odds for your credit. If you pay your balance in full and on time every month, you will not pay any interest at all. In fact, the aqua card is an ideal way to build up or repair your credit rating. As long as you keep up with your payments you could boost your rating in just six months. You could then apply for a mainstream card with a lower rate of interest.

aqua cards are not for everyone. The credit limits are comparatively low at about £2,000. But if you are already struggling with debts, taking on more credit at a high rate of interest will only make matters worse. You should contact your local Citizens Advice or Step Change for free advice on dealing with debt.

If you have a poor credit score, it is also worth checking your credit file. When you apply for credit, the lender contacts one or more credit reference agencies, such as Callcredit, Equifax and Experian, to take a look at your history. But the information on your credit report can sometimes be out of date or plain wrong, which could mean that you are unfairly refused credit. You can request a statutory copy of your file from an agency for £2 to make sure the information is accurate.

It doesn’t cost a penny to compare credit cards at MoneySupermarket, so you can find the best deal, even if you do have a poor credit rating.

Your personalised chance of approval

We’ve taken the details you gave, and used them to show you personalised scores to tell you the chance that your application for each card would be successful.

Why is this important?

Every time you apply for a credit card, a mark is left on your credit score. That means it’s better to get it right first time. Your scores help you understand which cards you have the strongest chance of getting.

It's easy!

The higher the score, the stronger chance you have of getting the card. If you see a very low score, you’ve probably better off choosing a different card.

Consider a different card
Not eligible
1/10
2/10
3/10
4/10
5/10
Your chances are good
6/10
7/10
8/10
9/10
You've been pre approved

If you see a high score, you can be fairly confident. The scores aren’t a guarantee, as acceptance of your application is at the sole discretion of the card issuer, but they should help guide your choice.

Not rated

In some cases, we will not be able to display a score for a product because we do not have enough information about the card issuer’s acceptance criteria or we have not been able to match your details at the credit bureau.

We work closely with our partners to improve our eligibility scores for all products that are of interest to you.

We're free, independent and compare all UK credit cards as well as offering exclusive deals you can't get anywhere else.

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