Aqua Credit Card 3% cashback on All purchases, no annual fee
91°Expired

Aqua Credit Card 3% cashback on All purchases, no annual fee

72
Found 15th Jun 2012
will be good for saving money on my hukd purchases.

72 Comments

Looks interesting!

Original Poster

note its capped at £100 per year damnit, but still £100 saved

Which works out to be a £3333 spend on it before the cap... not bad! Shame they only do low ish credit limits.

Original Poster

yeh, I just applied and got £500 credit limit

declined! damnit.

"Earn 3% cash back on purchases - up to £100 per year"

Not really worth it unless you're very careful and don't get stung by the 34.9% APR.

OP suspended , why

Admin

"Earn 3% cash back on purchases - up to £100 per year"Not really worth it … "Earn 3% cash back on purchases - up to £100 per year"Not really worth it unless you're very careful and don't get stung by the 34.9% APR.



Personally I disagree: ideal card to use for shopping in supermarkets and £100 "free money" is a good deal :-)

Just make sure not to spend more than 3k on an annual basis (because max. cashback of £100 is only up until £3k) and pay off in full every month via direct debit.

plap

Personally I disagree: ideal card to use for shopping in supermarkets and … Personally I disagree: ideal card to use for shopping in supermarkets and £100 "free money" is a good deal :-)Just make sure not to spend more than 3k on an annual basis (because max. cashback of £100 is only up until £3k) and pay off in full every month via direct debit.

THIS! And I would say totally worth it.

Do you still get charged interest if you pay off the balance every month?

Summary box is on the page:
aquacard.co.uk/cre…ard
"You will not pay interest on purchases if you pay your balance in full and on time each month. See section 3.7 of the terms and conditions for full details."

I never thought I'd see the day when I would apply for an Aqua card! Looks like a bizarrely generous offer to me.

The only think that makes me uncomfortable about taking their £100 cashback a year is the knowledge that they can only offer this because they presumably attract so many customers that must be paying the high interest rate* by taking cash advances, balance transfers, etc and/or not paying off the full balance each month (otherwise they would surely be losing money on the card as card fees on merchants surely don't cover the cashback amount?)

* And this must surely be the reason why people seem to be voting cold?
Edited by: "premierfella" 15th Jun 2012

snoopy18

OP suspended , why



Because swearing online is not big, and it's not clever.

premierfella

The only think that makes me uncomfortable about taking their £100 … The only think that makes me uncomfortable about taking their £100 cashback a year is the knowledge that they can only offer this because they presumably attract so many customers that must be paying the high interest rate by taking cash advances, balance transfers, etc and/or not paying off the full balance each month (otherwise they would surely be losing money on the card as card fees on merchants surely don't cover the cashback amount?)



Ummm, this could be said about a lot of offers, their fault not ours tho!

Just been accepted with a £500 limit, The limit is a joke but i'll max it out every month for the cash back!

hypnotic

Because swearing online is not big, and it's not clever.


Seriously? Frick off

Oh so agree with the poor language issue - can not believe how many Brits are not educated enough to be able to express themselves without resorting to swearing...... Thank you for posting, am going to apply.

this sounds like a good deal but it is for the small spender.

i will try to get one and just spend slowly.

lju

Just been accepted with a £500 limit, The limit is a joke but i'll max it … Just been accepted with a £500 limit, The limit is a joke but i'll max it out every month for the cash back!



me too, £500 limit. not difficult to spend £500 a month. X)

Strange, but the application page does NOT have a 'padlock' open or closed, which would indicate security of info.
Should it have?

ebrianh45

Strange, but the application page does NOT have a 'padlock' open or … Strange, but the application page does NOT have a 'padlock' open or closed, which would indicate security of info.Should it have?



It should link you through to a secure https URL for partnercard.co.uk

ebrianh45

Strange, but the application page does NOT have a 'padlock' open or … Strange, but the application page does NOT have a 'padlock' open or closed, which would indicate security of info.Should it have?



Mine does on Firefox.

applied for me other half as well and got £1,600 credit limit so cool.

cheers OP.

mutley1

me too, £500 limit. not difficult to spend £500 a month. X)



Yes but your only looking to spend an average of £250 and must pay it off every month to make it worth while. So £500 should be fine. My current MBNA platinum card gives me 3% cashback but only 1% on petrol. So if this gives 3% on petrol then I spend about £250 a month on petrol so would just use it for that.

GAVINLEWISHUKD

Yes but your only looking to spend an average of £250 and must pay it off … Yes but your only looking to spend an average of £250 and must pay it off every month to make it worth while. So £500 should be fine. My current MBNA platinum card gives me 3% cashback but only 1% on petrol. So if this gives 3% on petrol then I spend about £250 a month on petrol so would just use it for that.



that sounds like a good deal. i don't see this card on their website?

mutley1

that sounds like a good deal. i don't see this card on their website?



i thought the 3% was for an intro period only when I last looked at that card?

dt_matthews

i thought the 3% was for an intro period only when I last looked at that … i thought the 3% was for an intro period only when I last looked at that card?



still good enough for me. where is it?

Banned

Admin

"Earn 3% cash back on purchases - up to £100 per year"Not really worth it … "Earn 3% cash back on purchases - up to £100 per year"Not really worth it unless you're very careful and don't get stung by the 34.9% APR.


how can £100 cashback not really be worth it?

you're on the wrong site mate!

oh wait.................
Edited by: "csiman" 20th Jun 2012

Banned

The main problem is this in the terms:-

You will be eligible for cash back as long as you do not exceed your credit limit and make your payments on time.

quite easy to use the card without thinking on say a couple of flights and then realise you have blown your cashback (if on £500 limit).

csiman

The main problem is this in the terms:-You will be eligible for cash back … The main problem is this in the terms:-You will be eligible for cash back as long as you do not exceed your credit limit and make your payments on time.quite easy to use the card without thinking on say a couple of flights and then realise you have blown your cashback (if on £500 limit).



Don't think it would be too hard to remember not to use this card for big purchases

I got £500 limit (most of my other cards have several thousand).
Edited by: "Seft" 20th Jun 2012

csiman

The main problem is this in the terms:-You will be eligible for cash back … The main problem is this in the terms:-You will be eligible for cash back as long as you do not exceed your credit limit and make your payments on time.quite easy to use the card without thinking on say a couple of flights and then realise you have blown your cashback (if on £500 limit).



sounds like only appropriate for thinkers then aint it?

Could be tricky keeping to the credit limit bearing in mind your credit limit and payment timing. I.e. if you buy £500 of goods lets say and then you are billed for that £500 but before your payment goes in you add another £250 and your credit limit is £500 you would have exceeded your limit and get charged £12.

I would suggest even if you get a £500 limit or more you might want to limit yourself to something like £275 a month which x12 gives you £3300 which is the £100 cashback. Then use another credit card for additional cashback etc.

Also treat this card as the priority card that is always paid off and use your other credit card if you have one with much lower interest rates as the card if your finances do get tight and you have to pay interest. So try to set up your payments so when your wages go in it gets paid before any other cards. Its worth having 2 cards anyway so you can split purchases between the 2 and so if you can't make the full payment on both cards you only pay interest on part of what you have purchased each month.

The cashback is paid annualy and is rounded DOWN to the nearest £5, e.g. earn £4.99 cashback and it'll be rounded down to zero.

flyingflea

The cashback is paid annualy and is rounded DOWN to the nearest £5, e.g. … The cashback is paid annualy and is rounded DOWN to the nearest £5, e.g. earn £4.99 cashback and it'll be rounded down to zero.



thanks for pointing this out. i will make sure i get just over £100.

Thats a bit sneaky. Their terms and conditions seem to have a few traps but then it is a very generous offer of 3% cashback and no foreign exchange fees too so great for non sterling purchases.

Does anyone know if the estimated limit is what you actually get? Mine was only £500.

Original Poster

I got £500 too

bonzobanana

Thats a bit sneaky. Their terms and conditions seem to have a few traps … Thats a bit sneaky. Their terms and conditions seem to have a few traps but then it is a very generous offer of 3% cashback and no foreign exchange fees too so great for non sterling purchases.Does anyone know if the estimated limit is what you actually get? Mine was only £500.



Mine was £250 but I have about 8 other credit cards and have just taken out a mortgage.

Original Poster

8 credit cards jeeeeso. this is why the country is a mess.

Orcinus_orca

8 credit cards jeeeeso. this is why the country is a mess.


Just because I have 8 credit cards doesn't mean I don't pay them all off in full each month.

Original Poster

I would find it hard to manage them all! even use them all

Orcinus_orca

I would find it hard to manage them all! even use them all


Good job I'm organised then!
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