New Aqua Credit card - 3% Cash back on all purchases
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New Aqua Credit card - 3% Cash back on all purchases

13
Found 24th Aug 2012
Aqua is offering 3% cash back on all purchases with its reward card. No annual fees.

Best thing: You will get accepted even if you have bad credit scores (In most cases)...

Note: Be careful not to default, as their interest rates are quite high... Just set up DD for full payment each month and use it for all purchases...

Details as on Aqua's site:
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We believe that sensible spending and careful account management deserve to be rewarded, so we’re offering 3% cashback on all your purchases*. A big bonus if you’ve not been able to get credit before.

It’s one of the most generous cashback credit card reward rates available in the UK – and you could be eligible for it!

Here’s how the aqua Reward credit card works:

Manage your account carefully by paying at least the minimum amount due on time
Keep within your credit limit
You’ll receive 3% cashback on all your purchases - for example, if you spend £300 a month, you’ll get £100 cashback at the end of year.

And there’s more to the aqua Reward credit card as you’ll also enjoy:

A cashback reward of between £5 and £100 paid into your account every year
No foreign currency exchange fees making it free to use abroad
An initial credit limit between £250-£1,600
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
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13 Comments
With an apr of between 39% and 59% i would not be tempted...
Sorry I'm new to credit cards and all - when you say set up a DD to repay in full is that to pay the minimum balance or to pay the amount spent in full??? If you pay the minium balance each month do you get charged interest?

Sorry if this is a daft qtn.
So 3% cashback up to £100 per year (Good)

No foreign currency exchange fees (Excellent)

Not paying it off in full each month (Bad)

Worth a punt if you cant get credit elsewhere just be careful with it....
59% intrest and only 3% cashback - I wouldn't touch it...
I don't really see the point in people complaining about the interest rates. Does someone out here really use these cards for borrowing money forever... My point was more along the lines of free £100 every year and all you need to do is be careful about paying your bill... I have been using this for over 3 months now without being charged anything...

And rates of 54.95% or 59.95% is for cash advances... Who is going to withdraw cash from a Credit Card?
bepurple

Sorry I'm new to credit cards and all - when you say set up a DD to repay … Sorry I'm new to credit cards and all - when you say set up a DD to repay in full is that to pay the minimum balance or to pay the amount spent in full??? If you pay the minium balance each month do you get charged interest?Sorry if this is a daft qtn.



You would still be charged interest on full balance if you only do minimum DD, only way to not pay interest is to clear in full before or on the payment date.

HTH. Cheers.
The interest rate is irrelevant if you set up a dd to pay off in full each month as op said -could be 100000000% and it would make no difference. Hot from me
maaow

The interest rate is irrelevant if you set up a dd to pay off in full … The interest rate is irrelevant if you set up a dd to pay off in full each month as op said -could be 100000000% and it would make no difference. Hot from me



Exactly my point!!!
Bourne9482

You would still be charged interest on full balance if you only do … You would still be charged interest on full balance if you only do minimum DD, only way to not pay interest is to clear in full before or on the payment date. HTH. Cheers.



Oh ok. Thanks for your reply. I have bad credit history so i was thinking of getting one of these cards to help me re-build. Will probably use it to pay my rent and bills and then repay it using DD. I dnt need it cos I earn enough money and all but no one else will give me credit ( even my bank that can see how much money there is in my account and how much savings i've got.)
Not too sure how this qualifies as a 'freebie'... anyone able to elaborate?
How to move this to Deals? Will I be able to do this or Admin?
Edited by: "harinmenon" 24th Aug 2012
Have just applied for a card but not too impressed with being given an estimated £500 credit limit. Not much use when I use it for everything and then pay it off in full every month!!
harinmenon

How to move this to Deals? Will I be able to do this or Admin?



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