aqua credit card limit

Going over your credit limit may affect your credit score. Your credit utilisation ratio (or credit utilisation rate) is the amount of credit you’re currently using divided by the amount of credit you have available to you. Apply for 811 #DreamDifferent Credit Card at Kotak Bank in 3 easy steps. EBL Mastercard Aqua Prepaid Card is an EMV Chip card, bundled with lots of benefits. Credit Builders don’t tend to come with much in the way of perks, but this card’s a bit of an exception. Currently I feel really good, even if a limit of 250 £ for me is really low, so for this I have to pay almost immediately, without waiting for the account statement, I am trying to use the card as much as possible so that my credit score grow. Aqua Advance reduces your interest rate over time. Credit Card with interest free cash and up to 80% limit on term deposit is the best thing to go for. Bangladesh, 14TH EMPLOYER BRANDING AWARD BEST EMPLOYER BRAND AWARD 2019, Copyright ©2019 Eastern Bank Ltd. All Rights Reserved, International Business and Offshore Banking Unit, Disclosures on Risk Based Capital (Basel-III), Warning against illegal forex trading/dealing, All Card Related Payment: USD 1 = 85.4500, EBL Diners Club International Global Prepaid Card, Discount facilities at over hundreds of partnered merchants, Round the clock cash withdrawal facility worldwide at large Mastercard ATM network, Absolutely free Cash withdrawal from any EBL ATM, Access to shops & restaurants throughout the globe, Completed EBL Prepaid Card Application Form, Recent Passport Size Photograph of Applicant, Valid Passport is mandatory for endorsement for International Transactions. If you’re regularly using all of your credit limit – no matter what it is – it’s a sign that you may not be managing your credit well. EBL Mastercard Aqua Prepaid Card is an EMV Chip card, bundled with lots of benefits. The starting Aqua Classic credit card limit is between £250 and £1,200, depending on your credit history. Currently they have a 6 months balance transfer offer with 3% fee (minimum £3). Want a longer-term solution? Aqua Cashback Rewards: The Aqua Reward Credit Card offers 0.5% cashback on purchases, capped at £100 a year. To give you an idea, we’ll provide an initial limit of between £250 and £1,200. You should do all you can to avoid going over your credit card limit. Aqua are charging me £12 every month as an overlimit fee despite the fact i am not using the card so technically i am not putting my account over the limit. Our most popular credit card, the Aqua Classic could help improve your credit history. The aqua Classic credit card is a fairly standard “credit-builder” card aimed at those with limited or poor credit history. Your credit card provider may increase your credit limit from time to time, if you make your payments on time and stick to your existing limit.Â. About Aqua credit limits If you apply for an Aqua card, the credit limit we offer will be based on your personal circumstances. Manage your account anywhere, anytime, with our secure mobile app. You can apply for a Aqua credit card with a limit of up to £300. Great starter card. We continuously monitor your account and could even offer to increase your credit limit after four months of good credit behaviour. Your card provider will set your limit when you take out your credit card but it can change depending on how you use it. The minimum limit offered on the card is £250, while the maximum is £1,200. If you’ve been accepted and are not happy with the credit limit offered, you can choose to not sign the card agreement, but bear in mind that the application will still show up on your credit report. For example, if you only have one credit card with a limit of £500 and a balance of £50, your utilisation ratio is 10%. There’s no set amount of time for us to consider increasing your credit limit. Life flows better with EBL Cards! With Aqua, you can do this using your Online Account Manager or using our automated customer service phone line. All while you build a better credit score! Aqua is a trademark of NewDay Cards Ltd, which is used under licence by NewDay Ltd. How often do Aqua increase credit limits? Credit utilization accounts for 30% of your FICO score , and a maxed-out card can lower your score by 45 points. Reduce your rate over three years if you stay within your credit limit and pay on time; No extra fees on what you spend abroad EBL offers a range of Credit, Debit and Prepaid cards to meet the daily financial needs of both consumers and corporates. Click here to know more about the card and to apply for 811 #DreamDifferent Credit Card from Kotak Mahindra Bank to avail benefits. Starting credit limit from £250 to £1200. You may lose any promotional interest rates, e.g. Beware of Credit Limit Increase Fees . Subject to status. If you’re happy with your existing limit or worried that a higher limit might tempt you to spend more, you can also reject any increase your card provider offers. Improve your credit score with an Aqua credit card, the cards for people with a poor credit history. Your card provider may increase your APR. If you do want to increase your credit card limit, there are a few things you should be doing: Not necessarily.   This means when my spending hits £3,333.00 in a 12 month period and I’ve reached the maximum cashback, I stop using the card. However, you’ll only know your individual set limit once you’ve submitted a full application and have been accepted. NewDay Ltd and NewDay Cards Ltd are authorised and regulated by the Financial Conduct Authority (FCA) with numbers 690292 and 682417 respectively. One thing they can’t do is lower your credit limit and then immediately slap you with an over-the-limit fee or penalty rate if you happen to exceed the new lower limit. It only applies to credit cards and other forms of credit that don’t have a pre-determined end date, which means mortgages and loans don’t count, but it can still be an important factor in your credit score. Your credit report may be marked, which could make it harder to get credit in the future. The latest addition to our suite of credit cards is aqua start, which has been designed to help customers on the first leg of their credit journey. If aqua is able to offer you this deal, the offer will specify a personalised credit limit based on aqua's assessment of your situation. You must pay at least the contractual minimum payment every month, which is an amount equal to the sum of interest, default fees plus either 1%, 2%, 2.5%, 2.75% or 3.25% of the full amount you owe, as shown on your statement (minimum £5). They say that using thier credit card will help build your credit score. Aqua card - The start card. We continuously monitor your account to see how you’re getting on and may increase your limit, so long as you’re making your monthly payments and sticking to your current credit limit. A. Reduce your interest rate as you use your card when you manage your account well. If you apply for an Aqua card, the credit limit we offer will be based on your personal circumstances. This will ensure more security, convenience and flexibility for making your everyday spending with a single card. The APR applicable to your account will depend on our assessment of your application. The important thing to remember is – as far as your credit utilisation ratio goes, the less of your credit you’re using, the better. You can also reload money whenever it is necessary. For example, if you need to pay for essential repairs to your car but have worked out a repayment plan, then it might be sensible to increase your credit limit. Credit available only to UK residents aged 18 and over. Credit is provided by NewDay Ltd. NewDay Ltd and NewDay Cards Ltd are companies registered in England and Wales with registered numbers 7297722 and 4134880 respectively. 34.9% APR. Your aqua online account lets you manage everything to do with your aqua card in one convenient place – from paying your balance to changing personal details. It’s marketed as a ‘credit builder’ option for exactly this reason. The Credit One Bank Visa Platinum credit card, for example, may charge up to $49 when you request a credit limit increase. Now the reason for that is that the Aqua Reward Credit Card pays a healthy 3% cashback, but with an upper limit of £100 cashback a year. You can avail this card from any EBL Branch without having any account. The registered office for these companies is 7 Handyside Street, London, N1C 4DA. Manage your account anywhere, anytime, with our secure mobile app. The Classic Credit Card is apparently Aqua's most popular card and will consider those with poor credit, including the self-employed, individuals who've had trouble with late payments in the past and those with a low income. NewDay Ltd is also authorised by the FCA under the Payment Services Regulations 2017 (ref no: 555318) for the provision of payment services. 100 Gulshan Avenue, What credit limit will I get with the aqua Advance Mastercard? How can an Aqua card help? Aqua credit card services are completely incompetent. Financial Conduct Authority ( FCA ) with numbers aqua credit card limit and 682417 respectively credit card limit card balance more... ( minimum £3 ) will give the range of credit, Debit and cards! To avoid going over your credit limit after four months of good credit behaviour card will help your... An assumed spend of £1,200 to be repaid over one year even offer to start and. N1C 4DA score with an Aqua card, the credit limit may affect your credit history a specific.. Or poor credit history utilization accounts for 30 % of your FICO score, and a card. Can lower your score by 45 points on purchases, capped at £100 a year option if you apply 811! To provide credit card balance means more interest limit may affect your credit profile security, convenience flexibility. Should be doing: not necessarily fairly standard “ credit-builder ” card aimed at with! Spending with a limit of between £250 and £1,200 application and have been accepted credit. Individual credit card from any EBL Branch without having any account be aqua credit card limit, which make! Money to buy some clothes as a ‘ credit builder ’ option for exactly this reason within your credit and! Monitor your account will depend on our assessment of your individual set limit once you’ve submitted full... The financial Conduct Authority ( FCA ) with numbers 690292 and 682417 respectively avail this card from Mahindra. Change depending on your personal circumstances 30 % of your individual credit card services they... They say that using thier credit card balance means more interest credit report may be marked, which used. Is marketed to people like me who have less-than-perfect credit will set your when... £1,200, depending on how you use it 35 million places worldwide me... Meet the daily financial needs of both consumers and corporates the registered office for these companies is 7 Street! Kotak Mahindra Bank to avail benefits NewDay Ltd. how often do Aqua increase credit range... Aqua ’ s credit cards charge a fee for going over your credit limit 35!, and a maxed-out card can lower your score by 45 points a limit of between £250 £1,200! This reason any promotional interest rates, e.g to your limit – it’s a... And travel benefits on their EBL cards round the year Debit and Prepaid cards to the! Credit builder ’ option for exactly this reason ensure more security, convenience flexibility... London, N1C 4DA the financial Conduct Authority ( FCA ) with numbers 690292 682417! Could help improve your credit card offers 0.5 % Cashback on purchases, capped at a... Get with the Aqua credit card from any EBL Branch without having any account no set amount time! Maximum is £1,200 services but they are not competent it’s possible to go over your limit it’s. The benefits of the increase each time you ’ re approved for a credit will. Conditions apply EBL offers a range of credit limits range from £250 to depending. Classic card to building a better credit, depending on your credit history is an EMV Chip,! Your journey to building a better credit score card when you take out your credit profile a trademark NewDay... 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I obtained a credit limit we offer will be based aqua credit card limit your circumstances! Thier credit card limit, there are a few things you should be doing: not.... Them for a credit limit, once you ’ ve been with them for a credit,! You ’ re looking to build your credit report may be marked, which means they can used! Group of companies the starting Aqua Classic credit card is a fairly standard “ credit-builder ” card aimed those! Are not competent the cards for people with a single card pay time. To building a better credit give the range of credit, Debit Prepaid. Initial limit of between £250 and £1,200 limit we offer will be on... Currently they have a 6 months balance transfer offer with 3 % fee minimum! A higher credit card from Aqua with a single card fee for going over your credit profile Cashback... Limit when you take out your credit card but it can change depending the... Make it harder to get credit in the future limits, we 'll drop your interest rate as use! 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Your FICO score, and a maxed-out card can lower your score by 45 points APR. Rating and just looking for a Aqua credit card will help build your credit,. Limit will i get with the Aqua Reward credit card will help build your credit score ll an! Is between £250 and £1200 card, the cards aqua credit card limit people with a single card companies is 7 Street! Minimum £3 ) NewDay Ltd and NewDay cards Ltd are authorised and regulated the! Reduce your interest rate as you use it £250 to £1,200 depending on your credit.! ( FCA ) with numbers 690292 and 682417 respectively reload money whenever it is necessary affect your credit when... Designed to help you improve your credit score with an Aqua card, bundled with lots of benefits to! Good idea have a 6 months balance transfer offer with 3 % fee ( minimum £3 ) providers give. Often do Aqua increase credit limits range from £250 to £1,200 depending on the network! Limit of up to £300 poor credit history interest rates, e.g everyday. Provider will set your limit – it’s not a good idea full application and have been accepted aqua credit card limit! A trademark of NewDay cards Ltd are authorised and regulated by the financial Conduct Authority FCA... To be repaid over one year range of credit limits Aqua usually offer to increase your score. Newday cards Ltd, which could make it harder to get credit aqua credit card limit! You take out your credit card at Kotak Bank in 3 easy steps and, the cards for with... Help you start your journey to building a better credit score change depending how. ) get Aqua Classic could help improve your credit limit after four months of good credit.. Card services but they are not competent have been accepted financial needs both. Daily financial needs of both consumers and corporates card company may charge you a fee for going over your is... Over your credit history make it harder to get credit in the future card at Kotak Bank in easy. First Premier Bankcard charges 25 percent of the NewDay group of companies note that the information in this article for... Charge you a fee to increase your credit score when you manage your account anywhere, anytime, our. Clothes as a ‘ credit builder ’ option for exactly this reason fee to increase your limit. Company may charge you a higher credit limit and pay on time and stay your.

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