Conditions Apply. An initial credit limit between £250-£1,200 Build your credit score, if you manage your account and finances well Potential to increase your credit limit if you manage your account well Each month you'll receive a statement from us showing where and when you used your aqua credit card, together with the amounts you spent. About Aqua credit limits If you apply for an Aqua card, the credit limit we offer will be based on your personal circumstances. If you apply for an Aqua card, the credit limit we offer will be based on your personal circumstances. Offering an initial low and manageable credit limit, aqua start provides a solution for those who may not previously have been able to access the existing aqua credit card range. What credit limit will I get with the aqua Advance Mastercard? This will ensure more security, convenience and flexibility for making your everyday spending with a single card. Spending over your set limit may have negative consequences both now and in the future, which could include: If you have an Aqua card, we’ll send you a message if you’re getting close to your credit limit. 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. The registered office for these companies is 7 Handyside Street, London, N1C 4DA. Failure to make payments on time or to stay within your credit limit means that you will pay additional charges and may make obtaining credit in the future more expensive and difficult. Beware of Credit Limit Increase Fees . NewDay Ltd is also authorised by the FCA under the Payment Services Regulations 2017 (ref no: 555318) for the provision of payment services. To give you an idea, we’ll provide an initial limit of between £250 and £1,200. Terms apply. The card provider might offer you a higher credit limit, once you’ve been with them for a while. How can an Aqua card help? 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. As is standard with these types of card, this means you’re likely to get a low credit limit and high interest rate. In this guide, we’ll help you understand how credit card limits are set, what you can do to increase and decrease your credit card limit, and whether you should. This will depend on the terms of your individual credit card. 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. 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. Yes – you can ask to reduce it at any time, for example, if you find you’re not spending anywhere near your credit limit. ... Representative (variable) for Aqua Classic. Aqua credit card services are completely incompetent. To give you an idea, we’ll provide an initial limit of between £250 and £1,200. It’s marketed as a ‘credit builder’ option for exactly this reason. 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. A credit limit is the maximum amount you can spend on a credit card. And, the First Premier Bankcard charges 25 percent of the increase each time you’re approved for a credit limit increase. Please note that the information in this article is for information purposes only and does not constitute advice. Our cardholders can enjoy great lifestyle and travel benefits on their EBL Cards round the year. Keep making your payments on time and stay within your credit limits, we'll drop your interest rate every year for three years. Initial credit limits run between £250 and £1,200. Aqua is a trademark of NewDay Cards Ltd, which is used under licence by NewDay Ltd. How often do Aqua increase credit limits? You can avail this card from any EBL Branch without having any account. The Credit One Bank Visa Platinum credit card, for example, may charge up to $49 when you request a credit limit increase. 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. 34.9% APR. Read AniyaLindsey's review of the Aqua Credit Cards - www.aquacard.co.uk , 18 of 229 Aqua Credit Cards - www.aquacard.co.uk reviews, & compare with other Credit Cards at Review Centre. Starting credit limit from £250 to £1200. What's an Aqua Classic credit card? Aqua card - The start card. 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. 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. Your card provider may increase your APR. Most providers will give the range of the potential credit limit they offer on a specific product. What are the benefits of the Aqua Classic card? Read 229 customer reviews of the Aqua Credit Cards - www.aquacard.co.uk & compare with other Credit Cards at Review Centre Alternatively, if you don’t want to increase your limit at all, you can ask your card company to opt you out of and increases. A credit limit decrease can hurt your credit score by increasing your overall credit utilization if you’re carrying a large balance on your card. Aqua Cashback Rewards: The Aqua Reward Credit Card offers 0.5% cashback on purchases, capped at £100 a year. aqua is part of the London-based NewDay group of companies, which is the credit card provider for some big high street names, including Debenhams, Topshop, Laura Ashley and Amazon. Going over your credit limit may affect your credit score. Aqua Card is great I moved to the UK recently, I applied for the Aqua card to build my credit score. You can also reload money whenever it is necessary. The important thing to remember is – as far as your credit utilisation ratio goes, the less of your credit you’re using, the better. It’s important to get in touch with your provider as soon as you realise you’ve gone over your limit and try to pay off the excess balance as soon as possible.