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34.9%APR (variable)
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Experienced a financial setback? The aqua Advance credit card gives you the opportunity to prove it’s in the past.

You start by paying 34.9% APR, but you’ll soon get the chance to reduce your rate of interest by 5% each year for three years, providing you’ve been managing your account carefully.

So long as you pay at least the minimum amount due on time and keep within your credit limit, you could end up with an APR of just 19.9% in three years. But that’s not all. It could also help to improve your credit rating.

You also enjoy:

  • No fees on spend abroad
  • An initial credit limit between £250-£1,200
  • SMS reminders so you need never miss a payment
  • UK-based, 24-hour customer helpline
  • Manageable monthly payments and flexible payment dates
  • Online account management

Great news, you’re nearly ready to apply for your aqua Advance credit card. Before you do, please read the information below which summarises the key product features.

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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.

Summary Box

  • Representative 34.9% APR (variable)
Other APR's
  • APR’s (variable) 44.9% & 49.9%
Interest Rates Introductory Rate Monthly Rate Annual Rate
Purchases N/A 2.527% or 3.141% or 3.432% 34.91% or 44.93% or 49.91%
Cash Advances N/A 2.840% or 3.717% or 3.992% 39.94% or 54.95% or 59.95%
Balance Transfers N/A 2.527% or 3.141% or 3.432% 34.91% or 44.93% or 49.91%
Provided you pay at least your minimum monthly payments on time, you do not exceed your credit limit and have not told us you want to close your account, then on the day after your first, second and third anniversaries you will receive a 5% reduction in the standard interest rates applicable on that date to all transactions. Otherwise, we may apply the standard interest rate to all transaction before the end of the special promotion period.
Interest Free Period
  • Maximum 51 days for purchases if you pay the full balance shown on your previous and current statement on time.
  • There is no interest free period on balance transfers.
Interest Charging
We charge you interest on all transactions from the date we first charge the amount to your account. However, if you pay your total balance in full and on time each month, you will not be charged interest on your purchases. If you do not pay the total balance shown on your statement each month, we will add the interest charges to your next statement balance.
  From Until
Purchases Date debited to your account Paid in full
Cash Advances Date debited to your account Paid in full
Balance Transfers Date debited to your account Paid in full
Allocation Of Payments If you do not pay off your balance in full we will allocate your payments to balances with the highest interest rate before balances with lower interest rates. See section 2.2 of the terms and conditions for full details.
Minimum Repayment Each month in which you have a balance outstanding on your account you must repay an amount equal to the total of any interest, default sums plus 1% of the balance shown on your statement (minimum £5.00, or the full balance if less than £5.00) plus the amount of any arrears, which are repayable immediately           
Credit Limit
Minimum Credit Limit £250
Maximum Credit Limit Subject to status
Fees No Annual Fee
Cash Advance 3% (£3 minimum)
Balance Transfer 3% (£3 minimum)
Copy Statement £5
Foreign Usage
Payment scheme exchange rate Indicative rates can be found at www.mastercard.com/global/currencyconversion/index.html
One or more of the following may apply:
Non-Sterling Transaction Fee 0%
Cash Fee 3% (£3 minimum)
Default Charges
Late Payment Charge £12
Over Limit Charge £12
Returned Payment Charge £12
Cost of Borrowing
Interest Explained - based on the representative APR for purchases as indicated above
We would not recommend paying only the minimum payment. Only making the minimum payment maximises the interest you will pay and length of time it will take to clear your balance, as highlighted in the example below.
Illustrative example For a purchase of £1,000 on your credit card...
Monthly Payment Minimum Payment each month £50 each month
Taking into account any introductory rates, how much interest will you be charged in the first year £291.00 £266.00
How much interest will you be charged in the second year? £257.00 £150.00
How long would it take to clear the balance? 19 years 11 Months 2 years, 6 months

As we treat all our customers and their applications on an individual basis, the APR and interest rates we offer are determined by the details customers supply, along with an independent verification of credit and repayment history. Your personal APR for purchases will be either 34.9% APR (variable), 39.9% APR (variable), 44.9% APR (variable) or 49.9% APR (variable). Your interest rate for balance transfers will be the same as for purchases. 51% of customers are offered our best rate of representative 34.9% APR (variable).

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Representative example:

Your interest rate for
purchases is
34.91% p.a.
with a representative
34.9% APR (variable)
if you borrowed
and repaid it over 12 months

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 and form part of the NewDay group of companies. The registered office for these companies is: First Floor, 11 Tower View, Kings Hill, West Malling, Kent ME19 4RL (until 31/10/2014), Two Pancras Square, London N1C 4AG (from 01/11/2014). NewDay Ltd and NewDay Cards Ltd are authorised and regulated by the Financial Conduct Authority with numbers 0638085 and 0510571 respectively. NewDay Ltd is also authorised by the Financial Conduct Authority under the Payment Services Regulations 2009 (Ref no: 555318) for the provision of payment services.  aqua is a trademark of NewDay Cards Ltd, which is used under licence by NewDay Ltd.