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 and credit score
    But be aware that
    Please be aware that if you haven’t been pre-approved the APR may vary and it 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. Great for
    0% interest on purchases for four months
    A credit limit of £250 - £1,200, that could increase after four months
    Rebuilding credit ratings
    But be aware that
    You must not have been declared bankrupt within the past 18 months
    You must not have had any CCJs in the last 12 months
    The APR is dependent on your personal circumstances

    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. 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 and credit score
    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
    Please be aware that if you haven’t been pre-approved the APR may vary and it is dependent on your personal circumstances

    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
    0.5% cashback on all purchases
    No foreign currency exchange fees
    But be aware that
    You must not have received a CCJ in the past 12 months
    Please be aware that if you haven’t been pre-approved the APR may vary and it is dependent on your personal circumstances

    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).

  5. Great for
    A manageable credit limit of £100 - £300, that could increase after four months
    Helps to build your credit rating and offers FREE unlimited access to your credit report and credit score
    Helpful UK based call centre staff to answer your questions
    But be aware that
    You must not have received a CCJ in the past 12 months
    Please be aware that if you haven’t been pre-approved the APR may vary and it is dependent on your personal circumstances

    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 offers credit cards which are specifically designed for people who may have struggled with debts in the past, and who are keen to re-build their credit rating.

There are no guarantees that you’ll be offered a card, but aqua does promise to take a thorough look at your individual circumstances and financial situation.

The aqua card works just like any other credit card, but interest rates are much higher than the market average, reflecting the greater risk to the lender. The annual percentage rate (APR) you will be charged will depend on your individual circumstances.

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.

Aqua credit cards are fully regulated by the Financial Conduct Authority (FCA)

Credit cards give you valuable consumer protection that cash and debit cards don’t. Under Section 75 of the Consumer Credit Act, if you pay for goods or services using a credit card, the card provider is jointly liable with the retailer if something goes wrong. This protection only applies to items or services costing between £100 and £30,000. So, for example, if you ordered a bed costing £500 and the shop you bought it from goes bust before it is delivered, the credit card provider should provide you with a full refund.

If you want to avoid paying steep rates of interest, always pay your balance in full and on time every month. Doing this not only means you can avoid paying interest altogether, but it can also help you to build up or repair your credit rating. As long as you keep up with your payments you could boost your rating in around six months. You could then apply for a mainstream card with a lower rate of interest.

Aqua cards won’t suit for everyone, and credit limits are comparatively low at about £2,000. You should avoid credit cards altogether if you are currently finding it hard to keep on top of other debt repayments. If this is the case, you should contact your local Citizens Advice or the charity Step Change for free advice on dealing with debt.

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 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're 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
9.5/10
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.

If you see a pre-approved score it may be subject to you passing additional ID and fraud checks by the provider.

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 and independent, as well as offering exclusive deals you can't get anywhere else.

Moneysupermarket is a credit broker – this means we’ll show you products offered by lenders. We never take a fee from customers for this broking service. Instead we are usually paid a fee by the lenders – though the size of that payment doesn’t affect how we show products to customers.

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