Vanquis Credit Card: Award-Winning Credit Building and Balance Transfer Solutions

Vanquis Bank has established itself as a leader in credit building and financial inclusion, having helped over 5 million customers access credit over the years. With a heritage dating back over 140 years as part of Vanquis Banking Group, the bank focuses on responsible lending, offering credit cards to those who might find it difficult to access credit elsewhere, including individuals looking to build or rebuild their credit history.

Credit Builder Credit Card: Your Path to Better Credit

The Vanquis Credit Builder Card is specifically designed to help you build or rebuild your credit score through responsible card usage. Recognised with multiple industry awards including Credit Builder Card Provider of the Year at the prestigious Moneyfacts Awards for three consecutive years (2023, 2024, and 2025), this card demonstrates Vanquis's commitment to helping customers improve their financial standing. The card works on a simple principle: by staying within your personalised credit limit of £250-£2,500, paying on time, and paying at least the minimum monthly amount, you can demonstrate positive credit behaviour that's reported to credit reference agencies, potentially improving your credit score over time.

The Representative APR for the Credit Builder Card is 37.9% (variable), though your actual APR and credit limit may vary based on your individual circumstances. Vanquis is transparent about only offering credit cards to people they believe can afford the repayments, taking a responsible lending approach that considers your financial situation holistically. This card is particularly valuable for those with limited credit history, past credit issues, or anyone looking to demonstrate improved financial management to future lenders.

Balance Transfer Card: Consolidate and Save

For those managing existing credit card debt, the Vanquis Balance Transfer Card offers a strategic solution with 0% interest on balance transfers for up to 19 months (subject to eligibility). This promotional period applies to balance transfers made within 60 days of account opening, allowing you to consolidate higher-interest debt from other cards and potentially save significantly on interest charges whilst paying down your balance. A 3.9% balance transfer fee applies to transferred amounts, so if you transfer £900 (90% of a £1,000 limit), a £35.10 fee would be added to your balance.

The Balance Transfer Card offers credit limits ranging from £250 to £7,000, personalised based on your circumstances. The Representative APR is 36.9% (variable), though your specific APR, credit limit, and promotional offer may vary based on your individual assessment. The minimum transfer amount is £100, and you can transfer up to 90% of your credit limit. After the promotional period ends, the standard variable purchase rate applies to any remaining balance, making it important to plan your repayment strategy during the interest-free period.

The Vanquis Mobile App: Banking at Your Fingertips

Both Vanquis Credit Cards are managed through the comprehensive Vanquis mobile app, which puts complete account control in your pocket. Available 24/7, the app allows you to check your balance and available credit in real-time, view detailed transaction history with categorised spending insights, make payments at any time, and set up convenient Direct Debit arrangements for automated monthly payments. You can choose a payment date that suits your financial schedule, helping ensure you never miss a payment – critical for building a positive credit history.

The app provides up-to-date account information including your current balance, minimum payment due, payment due date, and available credit. Real-time notifications alert you to transactions, payment confirmations, and important account updates, helping you stay on top of your spending and quickly identify any unauthorised activity. This level of transparency and control makes it easier to manage your finances responsibly and track your progress towards your financial goals.

How Vanquis Can Help Improve Your Credit Score

Improving your credit score with a Vanquis Credit Card depends on demonstrating responsible credit management over time. Vanquis reports your account activity to credit reference agencies, meaning your positive behaviour can help build a stronger credit profile. The three key principles for credit building success are: staying within your credit limit, paying on time every month, and paying at least the minimum monthly amount (though paying more accelerates debt clearance and score improvement).

The Vanquis app makes following these principles easier by helping you track spending to avoid exceeding your limit, set up Direct Debits to ensure you never miss a payment date, and choose flexible payment options including minimum, fixed, or full balance payments. By consistently demonstrating you can manage credit responsibly, you provide evidence to future lenders that you're a reliable borrower, potentially opening doors to better credit products and interest rates over time. Many customers start with a Vanquis card precisely because traditional lenders have declined them, then use it as a stepping stone to rebuild their creditworthiness.

Additional Features:

Important Information and Representative Example

Credit Builder Card Representative Example: Representative 37.9% APR (variable). Your APR and credit limit may vary based on your circumstances. See the summary box for more information.

Balance Transfer Card Representative Example: Representative 36.9% APR (variable). 0% interest on balance transfers for up to 19 months (subject to eligibility) on transfers made within 60 days of account opening. Balance transfer fee of up to 3.9%. Your APR, credit limit, and promotional offer may vary based on your circumstances. See the summary box for more information.

Important: Credit is subject to status, affordability, and credit checks. Credit is only available to UK residents aged 18 and over. Vanquis Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number 221156). Terms and conditions apply.

Credit Building Advice: Staying within your credit limit demonstrates financial discipline. Paying on time every month is essential for building a positive credit history. Paying more than the minimum amount – with a fixed monthly payment or ideally the full balance – can help you clear debt faster and potentially boost your credit score more quickly.