Vanquis Bank specialises in credit cards for people with limited or poor credit histories. It uses a modern origination system to deliver products that meet the needs of these customers.
What credit cards can you get with a credit score of 650?
The vanquis credit card application status is a ‘credit builder’ credit card, designed to help those with less than perfect credit history to build their credit rating and improve their financial well-being. It also offers low early credit limits and a structured pattern, which means that customers only get higher credit limits after they prove they can use their card sensibly and keep up with repayments.
It is possible to apply for a vanquis credit card even if you have been rejected elsewhere, as they are able to check your credit references and take into account your finances and ability to pay when considering your application. However, you should remember that not paying your card balance in full each month could have serious consequences and can make it more difficult to access credit later on.
There are some benefits to this card including the fact that you can withdraw cash at any ATM in the UK with a 3% withdrawal fee, and abroad with a 2.99% non-sterling transaction fee. It is also helpful to be able to keep up to date with your credit limit and payment dates using management tools on the vanquis web portal, which will encourage you not to overspend and incur charges.
To be able to apply for a vanquis creditcard you need to have some form of valid ID and address proof. This is a quick and easy process and you should receive an instant decision whether or not you have been accepted.