Aqua Card: Everything You Need to Know

Understanding Aqua Card

FREQUENTLY ASKED QUESTIONS

Aqua Card

Whether you’re trying to recover financially from a period of poor credit, or whether you’ve never taken out credit before and you’re looking to build your credit report, maybe you have considered applying for an Aqua card to help your credit.

For more information and Credit Repair products, visit our Solutions page for more alternative options.

Aqua cards are a range of credit cards which are designed to help customers who have poor credit rating or a thin file credit report to increase their credit score. While the APR is higher than over credit cards, Aqua provides cards to applicants that may be rejected by traditional credit card companies.

Aqua cards work the exact same way that a traditional credit card works. Use your credit card as and when you need to, ensuring that you don’t max out your credit limit and that you make your repayments in full and on time each month.

Using your card and making regular repayments will demonstrate to credit reference agencies and lenders that you can use credit responsibly, therefore improving your credit score. You can track your spending and your monthly payments by using the handy to use the mobile app.

There are two different types of credit cards you can apply for, which include;

Aqua Classic:

  • Helps to build your credit
  • No annual fees or hidden charges
  • Useful mobile app to help track payments
  • Manageable monthly repayments
  • UK customer service available six days a week
  • Accepted over 35 million places worldwide

Aqua Advance:

  • Helps to build your credit
  • No annual fees or hidden charges
  • Useful mobile app to help track payments
  • Manageable monthly repayments
  • UK customer service available six days a week
  • Accepted over 35 million places worldwide
  • Free access to your credit score with CreditView
  • Regular text alerts for your spending and repayments
  • The opportunity to reduce your interest rate every year

You may be eligible for a card as long as you can ensure the following;

  • At least 18 years of age
  • Have a UK current or building society account
  • With a permanent UK residence
  • Have no County Court Judgements (CCJs) in the past year
  • Haven’t filed for bankruptcy in the past 12 months
  • Haven’t already got an Aqua card
There are no annual fees for using your card; however, you will have to pay interest in addition to your repayments. Representative APR is 37.9% for an Aqua Classic card and 34.9% for an Aqua Advanced card. APR is subject to status when you apply.

With any Aqua card, you will be given an initial credit limit between £250 and £1,200. Aqua will also be able to send you a notification if you are due to go over your credit limit, protecting against overspending and potential damage to your credit score.

Your credit limit will be subject to status when you apply.

Your credit limit will be reviewed every year. You will be able to increase your limit granted that you have demonstrated your ability to use your card responsibly, ensuring that your bills are paid in full and on time each month, and you have not gone over your credit limit.

Yes, you can withdraw money from your Aqua card; however, there will be a fee of 3% (minimum of £3) for cash withdrawals. However, as MasterCard issues your Aqua card, you can use your card anywhere you see the MasterCard logo accepted, at home or abroad.

You may be issued a fee for using your card abroad in a foreign currency.

Aqua Card is a registered trading name of NewDay Card Ltd who are authorised and regulated by the Financial Conduct Authority (FCA).