The Vanquis Classic credit card is part of Vanquis's range of cards for people with a poor credit score, offering the opportunity for those individuals to improve their credit rating over time by using and managing the card responsibly.
Key facts about the Vanquis Classic credit card
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Best for: Those who have been refused credit elsewhere
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Introductory offer: No introductory offers
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Representative APR: 34.5% variable
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Fees: No annual fee
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Perks: No specific perks
Pros of the Vanquis Classic credit card
- The credit limit of £500 to £1,200
- Purchases are interest-free for up to 56 days if you pay the balance off in full on time each month
Cons of the Vanquis Classic credit card
- It is at the higher end of the scale of APRs for credit builder cards and has, obviously, substantially higher rates than for prime credit cards
- It doesn't have any introductory offers or perks
- Foreign exchange fee is 3% of the sterling value of a cash transaction, or £3 - whichever is the highest
How to manage your payments on the Vanquis Classic credit card
Vanquis offers online and mobile banking either on desktop or via its iOS and Android app.
How to find out which credit card is best for you
Money to the Masses has partnered with Creditec* to help find the best credit card for you. By entering a few basic details, you will be able to see a tailored list of the best credit cards based on your individual circumstances. You can sort your results by the feature that interests you most, such as by card type, total fees or cashback offered. On top of this, the credit cards that have been pre-approved for you will be highlighted, meaning you can be more confident that you will be accepted if you apply. (Pre-approval does not guarantee acceptance and is still subject to additional lender checks). Your details will be used to conduct a soft credit search often referred to as an eligibility check, which means your credit score will not be affected. Click on this link to get started*.
How to apply for the Vanquis Classic credit card
By completing the online eligibility checker, you will be given a decision in 60 seconds as to whether you are likely to be accepted for the card. This process won't affect your credit rating.
Alternatives to the Vanquis Classic credit card
If a link has an * beside it this means that it is an affiliated link. If you go via the link Money to the Masses may receive a small fee which helps keep Money to the Masses free to use. But as you can clearly see this has in no way influenced this independent and balanced review of the product.
