People who experienced bad credit ratings in the past are normally worried if they can open any credit card account anymore. Vanquis Bank offers these people an opportunity to redeem themselves by allowing them to rebuild their credit scores.
Vanquis Bank lays out the Chrome Visa credit card to rebuild their credit score. It is ideal for those who would like to improve their credit score as the Chrome Visa credit card has the bank’s lowest APR.
Learn more about the Chrome Visa credit card’s features, advantages, and fees below. Discover how to apply for a Chrome Visa credit card by checking the set eligibility requirements.
- Chrome Visa Credit Card Features
- Pros of Chrome Visa Credit Card
- Chrome Visa Credit Card Fees and Rates
- Chrome Visa Credit Card Eligibility
- Chrome Visa Credit Card Application
- Vanquis Bank Address
Chrome Visa Credit Card Features
Vanquis Bank powers the Chrome Visa credit card. The banking institution is the UK’s largest provider of credit cards. Thus, customers working to build or rebuild their credit rating easily trust the bank for their credit cards.
The Chrome Visa credit card is one of the main cards that Vanquis Bank offers, which is a great credit-building tool. The Chrome Visa credit card is ideal for taking control of your credit future. It can help anyone who has a bad credit rating and wishes to fix their credit score at present.
As a new customer, you will be instantly given a starting credit limit between £250 and £1,500. This limit can be increased to £4,000 later when you maintain a good credit score by paying on time and keeping your balance in check.
Build a Good Credit Score with the Chrome Visa Credit Card
The Chrome Visa credit card is meant for those who would like to rebuild their credit rating. The credit score will improve alongside the credit limit. Upon application, Vanquis Bank explains how the Chrome Visa credit card will help everyone build a great credit score.
The bank identified three key behaviors to help customers in their journey to better credit. First, it is best to pay at least the minimum amount each month. It means that customers will not miss any payment to keep up with the credit agreement terms.
Alongside paying the minimum amount, ensure to pay on time as missing a payment will have a negative impact on the credit score. It is best to set up a Direct Debit or other automatic payment for the credit card. Lastly, it is ideal not to use all available credit to save some room for emergency or urgent situations.
Pros of Chrome Visa Credit Card
Vanquis Bank boasts that the Chrome Visa credit card is its lowest APR credit card. Thus, it is beneficial for those who are building a good credit score and those who heavily rely on credit cards for daily living expenses.
The Chrome Visa credit cardholders will enjoy 24/7 fraud protection. The bank will monitor the account 24 hours a day to minimize the possibility of fraud. Customers will also be automatically informed of possible fraudulent or suspicious activity on the credit card.
Another exciting advantage of the Chrome Visa credit card is its interest-free period of 56 days. This interest-free period is only for new purchases. Anyone can enjoy this advantage regardless of the customer’s personal APR or credit score.
The only condition to enjoy the 56-day interest-free period is by clearing the monthly balance in full. There will be no charge if the balance is cleared entirely, plus there will be no interest fee for the period for all new purchases.
Additional Pros of the Chrome Visa Credit Card
Customers who maintain a good credit score for a period will be entitled to a rewards card. The Chrome Visa credit card is best for those who are starting to build their credit rating to gain more rewards in the future.
Vanquis Bank protects all goods and services paid using the Chrome Visa credit card. The goods and services that cost more than £100 to £30,000 are eligible for consumer protection offered by Vanquis Bank.
This protection policy abides the Section 75 of the Consumer Credit Act. It mentions that the protection applies to the entire goods and services costs even if the customer made a partial payment using any credit card.
Chrome Visa Credit Card Fees and Rates
The Chrome Visa credit card is the representative card of the Vanquis Bank. The bank ensured that it offered the possible fees and rates for those who wanted to build and rebuild their credit rating. Check the Chrome Visa credit card fees and rates below.
- Annual fee: £0
- Representative APR: 29.5%
- Introductory Rates: N/A
- Interest – purchases: 2.18% per month
- Interest – cash: 2.18% per month
- Interest – money transfer: 2.18% per month
- Interest balance transfer: 2.18% per month
- Interest-free period: 56 days, only on purchases
- Cash advance fee: 3% or £3, whichever is greater
- Copies of statements fee: £5 each
- Foreign purchase fee: 2.99% of sterling value
- Foreign cash transaction fee: 2.99% of sterling value
- Other cash transaction fee: 3% of the sterling value or £3, whichever is greater
- Late payment fee: £12
- Over limit fee: £12
- Failed payment: £12 (if a Direct Debit or cheque is not honored)
- Tracing charge: £25
Before applying for any credit card, it is best to check the fees. However, Vanquis Bank promised that the Chrome Visa credit card offers the best deals, especially for new credit card customers.
Vanquis Bank Mobile Banking App
One of the advantages of Chrome Visa credit cardholders is that they can manage their accounts online. Vanquis Bank has its mobile banking app. The Vanquis app is available on the Google Play Store and the Apple App Store.
Vanquis Bank app users can check their current balance in real-time. It is easy to check all the Chrome Visa credit card transactions on the app. It is also possible to set up and manage direct debits through the mobile application.
The Vanquis Bank mobile app allows users to see the last six months of statement summaries. Lastly, the Vanquis app supports activating and deactivating the Chrome Visa credit card.
Chrome Visa Credit Card Eligibility
Vanquis Bank mentioned that it is open for at least 18 years old and has a secure income source. The application process for the Chrome Visa credit card is done online entirely.
The first step is to check whether one qualifies for the application. Vanquis Bank has the complete eligibility questionnaire posted on its official website.
Eligible Individuals for Chrome Visa Credit Card Application
The Chrome Visa credit card welcomes everyone even if they have less than the ideal credit score. Interested individuals do not need to worry as Vanquis Bank promised to help them.
It was made clear that the Chrome Visa credit card is not available for those who cannot obtain credit because of bankruptcy only.
Chrome Visa Credit Card Application
Check the eligibility questionnaire on the Vanquis Bank’s official website to jumpstart the Chrome Visa credit card application. You can submit an enquiry with the bank through the eligibility form.
The form must provide personal details like title, first and last name, and date of birth on the form. It is also important to add the residential address to indicate your type of tenant (e.g., owner, living with parents, renting). Indicate also how long you have been living there.
Vanquis Bank will also need the contact information for records and if the bank needs further verification for the Chrome Visa credit card application process. Do not forget to honestly provide your source of income.
It is recommended to provide the employment status and salary. Be prepared for the supporting document in case the bank requests. The bank will also check your monthly expenditure.
More About the Chrome Visa Credit Card Application
After submitting the form, it will only take 60 seconds to receive a response. The bank will then ask for the complete and detailed address information for the past three years once the interested individual passes the initial eligibility check.
Vanquis Bank also requires applicants to include their bank account and debit card details to confirm their capacity to meet the credit card conditions. The applicant must also agree to a full credit check to ensure that they are not currently or have not experienced bankruptcy.
If the Chrome Visa credit card is approved, it usually takes between 10-14 days to receive the card. The Chrome Visa credit card will be sent directly to the home address.
Vanquis Bank Address
Vanquis Bank issues the Chrome Visa credit card. Even though the credit card application is done online, the bank welcomes anyone who wishes to visit their branches for inquiries and questions.
Vanquis Bank has its headquarters registered office at No. 1 Godwin Street, Bradford, West Yorkshire BD1 2SU. There are branches spread across the United Kingdom, specifically London, Bradford, and Chatham.
Vanquis Bank Contact Number
Those who want to call the Vanquis Bank for a credit card application may call them at their telephone number at 0330 099 3000.
It is also important to note that follow the instruction once the credit card arrives at the indicated home address. The main process involves calling the bank to activate the Chrome Visa credit card.
Chrome Visa credit card is ideal for those who are building credit or who have experienced financial problems in the past. The card is welcoming for those who would like to rebuild their credit score while enjoying its benefits and perks.
Check out a few different credit cards before settling on one that is best for your lifestyle.
Disclaimer: There are risks involved when applying for and using credit products. Ensure you consult Vanquis Bank’s Chrome Visa credit card terms and conditions before agreeing on anything.