By: Kate Anderson | Updated: 22nd January, 2019.
Would you like to earn a little extra cash while also rebuilding your credit? Then take a look at the aqua Reward Cashback Card, which gives you 0.5% cashback on purchases (up to £100 per year).
Building your credit is much sweeter when you're getting cashback rewards at the same time. The aqua reward Cashback Credit Card can help those looking to build or rebuild their credit, and at the same time, cardholders earn 0.5% cashback on their spending (up to £100 per year). There's also no fee on spending abroad, a very nice feature if you like to travel.Read full review >
|Interest rate for purchases||34.95% p.a. variable|
|Representative||34.9% APR variable|
|If you borrowed (over 12 months)||£1,200|
This card gives you that little something extra while you are building your credit score. With 0.5% cashback on purchases and access to a credit support service powered by Noddle, you are looking at a nice overall package.
The aqua Reward Cashback Card not only helps you to rebuild your credit, but also rewards you with a cashback deal as well.
I worked on the front line of personal-finance best buys for over eight years at one of the world’s largest research companies, Nielsen. I reported daily on the developments of the 2008 financial crisis and beyond, keeping up with the changing financial landscape and providing insights to all the major banks in the UK. I know the key players in the market and the tactics behind how they behave. All of which I will apply to highlight the best deals and give honest reviews to help you in your search.
While the cashback offer makes the aqua Reward Cashback Card stand out, there are other credit rebuilder cards on the market that have a lower APR. Also, be aware of the charges and penalty fees that accompany a card like this.
There are other credit rebuilder cards on the market that offer lower APRs alongside manageable credit limits and while providing credit report services, but the aqua Reward Cashback Card is currently the only one to offer cashback rewards as well, helping to sweeten the deal. If you travel a lot, the lack of a charge on non-sterling transactions could make a big difference as well.
aqua offers a personalised approval service and will consider your application even if you are self-employed, unable to prove a regular income, have had a CCJ (unless you have had a CCJ in the past 12 months), work part-time, are a student, are new to credit, have been turned down for credit in the past or are on a lower income.
aqua does require applicants to be aged 18 or over and UK residents, and to not have any current bankruptcy proceedings against them.
Applications can be made through aqua’s website. You will be required to provide personal details, contact details, your residential status, employment status and information regarding your income. Applicants are also required to have a current UK bank or building society account.
If you’re looking for a card to help you build your credit rating, but don’t want to forgo potential rewards, then the aqua Reward Cashback Card is one to consider. The card has all the features found in cards designed for those with a bad credit history, such as manageable credit limits, the potential for further credit increases and a credit support service, but has that rare added extra of a 0.5% cashback reward. Also, if you are likely to travel abroad in the near future, then you can benefit from no fees for overseas usage. Just beware of the high APR attached to the card, because if you do not keep on top of your repayments, the high APR could offset any cashback rewards you earn.
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