Vanquis Credit Card

Vanquis - taking advantage of the poorest and most vulnerable in our society under the guise of helping out. Hmmm - not the snappiest slogan ever written, but accurate. These cards are pitched as 'an ideal way to restore your credit rating' - when the truth is that they just make it easier for you to get in debt and stay in debt. Unlike 'normal' credit cards, they do not standardly offer the 6 weeks worth of interest free credit and instead on many accounts, interest starts accruing from the moment that you make your purchase. And the interest isn't cheap - up to 59% APR!!! Don't even dream of using this card to withdraw cash - it would ...  Read the complete review

I had a low credit rating (around 550) not through my own fault simply because i am new to credit. I have two student current accounts with free-overdraft facility ( currently 2500) ,i work part-time and have no debt history/ CCJ's/ series of bills being paid late etc. I have been refused a loan ( car purchase) , i applied for a Tesco Credit card and they could not help me again therefore i tried to rebuild ( or improve) my credit score. I applied for Vanquis Credit card which is aimed at people with bad credit . How to apply: Simply apply online : www.vanquis.co.uk. It takes appr. 10 minutes to complete and is very easy. Don't forget to read ...  Read the complete review

I think the below reviews tell everything, I have had this card for three years, I have stupidly used it as well. As an example at the moment my balance is £1146, the interest on that is £52 a month, it is horrendous! If your thinking of getting a vanquis card especially if it is your first card, think seriously about it, its very easy to spend on credit cards and get carried away, I have now run into debt of over 10k on credit cards and having cards like this doesn't help as making the minimum payment will take years to pay off. As an alternative to this I would suggest either the barclaycard initial or the capital one they are still ...  Read the complete review

VANQUIS BANK CREDIT CARD IS NOT GOOD IT SAYS 39.9% BUT THEY LET YOU HAVE MONEY £1500 AND THEN UP YOUR APR TO WAIT FOR IT 68.9% AND EVEAN MORE FOR CASH DONT GET USE THIS CARD THEY ARE NOT A GOOD COMPANY TO DEAL WITH THEY NEVER (A) YOUR (Q) LIKE WHY HAS MY APR GONE UP? THEY JUST SEND YOU A COPY OF THE SATEMENT SAYING ITS GOING UP IM NOT PAYING THEM ANY MORE ITS LIKE BEING ROBBED THEY ARE MUGGERS IN SUITS DO NOT DEAL WITH THEM..............

I applied for a Vanquis Visa Card back in 2007 and was given it almost immediately, hassle-free. Unfortunately this was the only positive thing I can say about the company itself. Upon delivery, the card itself was the ugliest I've ever seen, with the abacus design on an orange backdrop. This was a sign of things to come. The APR is atrocious, I would never use this for any kind of purchase. Only for those who are desperate to rebuild a faltering credit history should invest in one of these. My card was defrauded some months after I took it out, and despite telling them this several times, I was treated effectively guilty until proven innocent ...  Read the complete review