We are not currently taking any new applications for the Reward card. However, we do offer two other credit cards.
aqua Classic
The aqua Classic card is the ideal card to help you rebuild your credit history with a low Representative 32.9%APR variable and no annual fee. This is a great card for those who need access to credit but may be refused elsewhere. Find out more information with the link above.
aqua Advance
The aqua Advance card is the ideal credit card for those who are ultimately looking for a low interest rate on their credit card. The card comes with a starting Representative 34.9%APR variable but this is reduced by 5% each year for 3 years provided you pay your balance in full and on time each month. Find out more information with the link above.
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| APR | - Representative 34.9% APR (variable)
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| Other APR's | - APR’s (variable) 39.9%, 44.9% & 49.9%
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| Other Interest Rates | Introductory Rate | Monthly Rate | Annual Rate | | Purchases | N/A | 2.527% or 2.840% or 3.141% or 3.432% | 34.92% or 39.95% or 44.94% or 49.92% | | Cash Advances | N/A | 2.840% or 3.432% or 3.717% or 3.992% | 39.95% or 49.92% or 54.95% or 59.95% | | Balance Transfers | N/A | 2.527% or 2.840% or 3.141% or 3.432% | 34.92% or 39.95% or 44.94% or 49.92% | |
| We may apply the standard interest rate to transactions before the end of the special promotion period if in any month you do not make at least your minimum payment by the payment date or if you exceed your credit limit at any time. |
| 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.
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Interest Charging
Information | | 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 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, or the full balance if less than £5)
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| Credit Limit | | Minimum Credit Limit | £250 | | Maximum Credit Limit | Subject to status | |
| Fees | No Annual Fee |
| Charges | | Cash Advance | 3% (£3 minimum) | | Balance Transfer | 3% (£3 minimum) | | Copy Statement | £5 | |
| Foreign Usage | |
| 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).
*You will be eligible for cash back as long as you do not exceed your credit limit and make your payments on time. See terms and conditions for full details.
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