Vanquis Bank Balance Transfer
Representative APR
36.9% APR (variable)
Purchases
36.9% (variable) p.a.
Balance Transfers
0% for up to 18 months, then 36.9% (variable) p.a. (2.9% fee). Balance transfers must be made within the first 60 days
Account Fees
£0
Representative Example:
At an assumed credit limit of £1,200, with a purchase rate of 36.9% (variable) p.a., most accepted customers get a rate of 36.9% APR (variable).
Editor’s Note: While we always aim to give you accurate product information at the point of publication, rates, prices, terms and promotions can always be changed by the provider afterwards and without notice, so be sure to double check first.
Our Verdict
The Vanquis balance transfer card is designed for individuals with poor or limited credit history. It offers up to 18 months of 0% interest on balance transfers, subject to eligibility and approval. This card may help with consolidating existing debt while working to rebuild credit.
Important: The information contained in this table summarises key product features and is not intended to replace any terms and conditions from the card issuer.
Product Features & Benefits
| Issuer | Vanquis Bank |
|---|---|
| Network | Visa |
| Primary Category | Credit Building |
| Loyalty Scheme | None |
| Incentive on opening | The Vanquis balance transfer card has no annual fees and offers 0% interest for up to 18 months on balance transfers made within the first 60 days. |
| Cashback/Rewards (if applicable) | No cashback scheme |
| Account Fee | £0 |
| Purchases | 36.9% (variable) p.a. |
| Purchases Interest Free Period | 56 days |
| Balance Transfers | 0% for up to 18 months, then 36.9% (variable) p.a. (2.9% fee). Balance transfers must be made within the first 60 days |
| Balance Transfer Fee | 2.90% |
| Cash Advances | 36.9% (variable) p.a. (fees apply) |
| Minimum Credit Limit | £ 250.00 |
| Maximum Credit Limit | Subject To Status: £7,000 |
Fees & Charges
| Account Fee | £0 |
|---|---|
| Late Payment | £ 12 |
| Returned Payment | £ 12 |
| Exceed Limit | £ 12 |
| Duplicate Statement | £ 5 |
| Replacement Card | £ 0 |
| Trace Fee | £ 25 |
| Cash Withdrawal Fee | 3% |
| Cash Withdrawal Minimum Charge | £ 3 |
| Foreign Usage EU | 3% |
| Foreign Usage World | 3% |
Application Requirements
| Availability | Available to new customers. Must not already have an Aquis, Chrome, Origin, Vanquis, thimbl or Granite credit card are not currently bankrupt or have an active Individual Voluntary Agreement (IVA) |
|---|---|
| Minimum Income | £ 0 |
| Minimum Age | 18 |
| Residency | Permanent resident in the UK. |
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34.4% Representative APR (variable)
Mintify Limited, trading as Mintify, is an Introducer Appointed Representative of Creditec Limited who acts as a credit broker, not a lender.
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