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Emma Perry

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Review of the Vanquis, Credit Card:
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Good for building your credit rating but high interest

4
I got a Vanquis card to build my credit as I had a poor rating due to getting into debt in my younger years. I have found it good for credit rating building - as long as you make your payments on time there is no problem, and they increase you credit balance every now and then too! But, the interest rates are high - obviously this is because you are classed as "high risk" because of poor credit rating and this is something you have to swallow if you want to rebuild you credit. But if you can spend on the card and repay it in full every month then you don't get charged any interest anyway, so this is a sensible way to do it. The E-Vanquis online facility is easy to use to make payments and keep on top of your spending, easy to navigate etc. I have found Vanquis easy to communicate with and a pleasant experience so far. Reviewed on: 17th May 2016

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