Improve your credit rating

Improve your credit rating

Having good or bad credit can be the difference between purchasing products online and being declined. If you have a bad credit history you could be denied a credit card, which limits your purchasing ability online. So it pays to make a positive attempt to improve your credit rating if your credit score is less than first-rate. Having access to credit means being able to make online bookings, such as hotel, plane or car rental reservations, even if you plan to later pay the balance in cash. Those who have proven that they can repay debt are given more choice by lenders when it comes to credit as a reward for their financial reliability.

How do I improve my credit rating?

If you’ve never had credit, or need to repair a poor credit rating, there are plenty of things you can do to improve your credit rating for the future by making a few small changes to the way you handle your money. Simply put, the easiest way to improve your credit rating is to borrow money and repay it in full and on time. This will help you build up a trustworthy reputation, or repair it if it’s tarnished. Paying in full every month rather than the minimum requirement, which could see you inevitably incur interest, is a more efficient way of managing your debt.Taking out an aqua card and managing your account responsibly – by paying on time each month and staying within your agreed credit limit – may help you improve your credit rating over time.

Representative 35.9% APR variable across our 4 products.

Making repayments on time

Try to settle your debts quickly and on time and avoid overspending. Regularly maxing out your card will also work against you as this may be reported to the credit agencies and notified in your credit report. Instead, make payments before the statement closing date to lessen your charges, keeping a close eye on your credit score as it slowly recovers.

Apply for your aqua card today

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UK-based customer helpline

0845 601 0436

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.