Vanquis | Visa credit card

APR: 39.9% Representative
Purchase rate: 39.9%
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Vanquis | Visa credit card customer reviews

4.6 out of 5 from 1619 reviews

Great to build up your credit if used correctly,

21:51 01-10-2017

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Fab non judgemental company and yes whilst interest rates are super high, if used correctly you can build up your credit score.

Jo Heath

Gave me credit when few else would but that's the end of my positive experience

14:01 23-08-2017

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After getting into debt after my dad died, my credit rating took a bit hit. At one point I couldn't get credit from DFS for a sofa, or even a normal current account (I had to have a basic account with no debit card). I can't remember how I came across Vanquis but I applied and was accepted. At the time I was thrilled. I set up a direct debit to pay off the balance in full every month so that I would not accidentally miss a payment and end up damaging my credit rating again. After a few months they wrote and offered a credit limit increase. I called up to decline it. A few months later they did the same, but instead of offering the increase they had offered previously, they jumped up even higher, so I called up and declined that again. I believe I now have declined 3 credit increases, and I didn't see the letter for the last one and now have a credit limit which is way over my budget - if I spent that much I'd be properly in trouble. I've written to them complaining but their response was that I was making all the repayments so they weren't being an irresponsible lender. I still feel (particularly on cards for people rebuilding their credit) that credit limit increases should be an opt in rather than opt out but they don't agree. If you want a card which will help you rebuild your credit then it serves it's purpose. Just make sure you pay it off in full every month as the interest rates are really high. Other than that I probably wouldn't recommend them.

Vicky

High interest

18:44 29-06-2017

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Easy to get , but the extremely high interest is shocking . And they target people who don't really have other options for credit cards . Customer service is awful

Rebecca meakin

Helping hand

15:42 29-06-2017

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This is a great card to get your credit rating to a better level

Kirsty hand

A Good Place To Start After Bad Credit

13:01 29-06-2017

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If you're struggling to get a credit card to start building your credit rating then a Vanquis card is a good place to start. The interest rate is a little high but if you make sure you clear it every month then this is no problem. The biggest letdown for me were the regular sales calls trying to get you to upgrade with extra packages. These eventually tailed off after about a year after repeatedly saying no to them

Glenn Langridge

Good company, terrible app

09:39 23-06-2017

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They are a great company, great pay back amount, but their app doesn't make sense when it comes to paying the amount needed each month. Either more money is taken by them at a much later date than it says, or less is taken, but it's extremely rarely the amount it states or the date. It just gets very confusing trying to sort out payments

Bethany

Fantastic

22:04 22-06-2017

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When I went through a tricky time and needed some help with making my monthly payments they were great and set me up on a payment plan so I could get it under control. Such a relief.

Michelle smith

Chance to build your credit

14:16 19-06-2017

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Managed to get a credit card with them and my credit score has improved so much since I've been with them.

Ricky Dias

Good first card or for poor credit history only

18:09 11-06-2017

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I got this card because of my poor credit history. I kept it for two years until my credit rating improved and then got rid of it. If you miss a payment the interest in HUGE.

nat

Easy to apply and very helpful

15:46 05-06-2017

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With poor credit I thought getting a credit card would be hard, these guys made it simple from application to activation - very open and honest

Mark Giddings

Our review of Vanquis | Visa credit card

Our review by Alex
Written by: Alex
Simplicity
11.5
Features
41.4
Consumer sentiment
50.0

Total OPTIOSCORE
33.7/100

The Vanquis Visa Credit Card has a higher representative APR than a lot of other credit cards on the market, but this is due to the fact that the card is aimed towards those who may have a few blemishes on their credit file. Vanquis try to teach their customers the best way to manage their credit by initially giving a maximum limit of £1,000, once it’s been proved that this can be kept to and paid on time, then this can increase every five months until it reaches a final maximum of £4,000. Vanquis also provide tips on their website to help customers learn about credit and the best way to use and manage their card.

Customers can use their Vanquis Visa Credit Card to withdraw cash anywhere in the world which will result in a fee of 3%, but if using it abroad there is also be a non-sterling transaction fee of 2.99%, which is in line with their competitors. Vanquis make it really simple for customers to stay up-to-date with their balance, statements and payment dates by providing management tools on the website. Customers can log in and check the details, which will encourage them not to go over the limit and incur charges.

The OPTIOSCORE for the Vanquis Visa Credit Card comes out as average with fairly decent scores across all three categories. Searching the web for reviews shows that although there are none for the Vanquis Visa Credit Card specifically, there are quite a few for Vanquis. On TrustPilot they have managed to get a really positive rating of ‘excellent’, which is much better than their competitors on Choose Wisely. There are particular mentions about the manageable credit limits, easy to use website and the ability to choose the actual design of the card they are sent.

Overall verdict: Positive reviews online should boost confidence in customers who have experienced problems with credit in the past. Vanquis appear to provide a lot of support alongside their Visa Credit Card to ensure that customers pay on time and don’t take on a debt that is too high for them.

Highlights

  • Capped initial credit limit of £1,000
  • Increase limit over time to £4,000
  • Aimed at those with bad credit
  • Manage the account online
  • Email alerts before payment due dates
  • Contactless payment

Minimum criteria

  • You must be aged at least 18
  • You need to be a UK resident
  • No bankruptcy

About Vanquis | Visa credit card

The Vanquis Visa Credit Card has a starting credit limit of between £150 and £1,000, however if customers prove themselves to be trustworthy by paying on time and not going over the limit then this can increase every five months to a final maximum of £4,000.

 

The Vanquis Visa Credit Card is aimed towards customers who may have had problems with their credit in the past have been turned by providers but are now looking to improve their position. Vanquis highlight on their website that customers should use the card sensibly by using it a little at a time and then paying that off.

Customers can manage their Vanquis Credit Card online by either logging into the website or registering for eVanquis where they can access their statement, make payments to the card and check their payment date. Customers can also make payments over the phone, by post and over the counter at a bank or Post Office. Vanquis will send an email a few days before the payment is due to ensure the customer knows it’s close – helping to rebuild their credit and avoid falling into further debt.