Black Diamond | Visa credit card

APR: 59.9% Representative
Intro purchase rate: 0% for 2 months
Purchase rate: 59.94%
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Black Diamond | Visa credit card customer reviews

4 out of 5 from 1 reviews

easy application, quick delivery.

14:52 08-05-2017

Imagevia Smart Money People

Found application easy and quick, accepted instantly,received card and pin quickly.

mark morris

Our review of Black Diamond | Visa credit card

Our review by Alex
Written by: Alex
Simplicity
11.5
Features
40.1
Consumer sentiment
50.0

Total OPTIOSCORE
33.2/100

The Black Diamond Visa credit card, offered by Vanquis Bank, is one of the more expensive credit card options in the market at 59.9%. However, the card is aimed towards customers who may have experienced credit problems in the past and want to improve their score, or customers who may not have ever had credit in the past. The initial limit is capped at £1,000, but this can be increased after your fifth statement and after that every five months until a maximum of £3,500.

Vanquis also offer 24/7 Fraud Watch. This service aims to keep an eye out for anything that may seem unusual on your Black Diamond Visa card. In addition, if you wish to have an additional cardholder on your account that’s fine, you can nominate one for free.

When looking for online reviews for this card there wasn’t much to see. This could question the amount of business Vanquis are doing with the Black Diamond card.  

Overall verdict: The Black Diamond Visa credit card is a suitable option to consider if you have a poor or limited credit history and are looking to borrow in the short term. As a result the card does come with a relatively high representative APR in comparison to others in the market. Therefore if you apply and are accepted be sure to stay on top of your repayments and aim to clear your balance each month.

Highlights

  • Up to 56 days’ interest free on purchases
  • Free fraud monitoring
  • Free additional cardholder
  • Widely accepted both in the UK and abroad

Minimum criteria

  • You must be over 18
  • You need to be a UK resident
  • You must have a landline phone number

About Black Diamond | Visa credit card

The Black Diamond Visa Credit Card has an initial credit limit of £1,000 at a representative APR of 59.9%, however, the actual interest rate will depend on your personal circumstances so it may differ. After showing that you can make the monthly payments, use your card sensibly and keep under your limit and you may be able to build up your credit limit to £3,500. You can also get up to 56 days’ interest free on purchases if you’ve paid two or more current statement balances on time and in full one after the other.

The Black Diamond Visa is aimed towards customers who are fairly new to credit, or would like to rebuild their credit after a few blemishes in the past. There are no annual or monthly fees and you can stay in control of your money with the text and online account management system. Black Diamond also have a Fraud Watch team to keep your account safe, which operates 24/7.

To apply for a Black Diamond Visa card, you have the choice of completing the application online, over the phone or by post. If you fill out the online application you’ll receive a decision within minutes, if completed over the phone you’ll receive an instant decision and if by post then they may call you to go through some details of the application. If you have been accepted for a Black Diamond Visa then expect to receive your card between 10 and 14 days after submitting the application.