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Vanquis Typical APR Typical 39.9% APR variable.
Vanquis APRs 29.9% to 59.9% APR variable on purchases. Vanquis Card Credit limits Initial credit limits range from £250 to £2,000.
Vanquis Card Interest rates Typical interest rate 2.84% (monthly) 39.94% (annually) for purchases and 3.22% (monthly) 46.19% (annually) for cash and cheques.
Interest calculation Interest is generally charged from the date of all transactions or other amounts charged to your account, until repayment in full. Interest is charged on the daily outstanding balance on your account and debited to your account at the end of each statement period. At statement date, we will add the interest we charge to the outstanding balance on your account. This means that you will generally pay interest on interest.
Interest free period Up to 56 days interest free on purchase transactions only, where you have paid off two or more consecutive current statement balances in full and on time.
Minimum monthly repayments Abacus 5% of your balance or £5 whichever is the greater. Blue 5% of your balance or £5 whichever is the greater. Gold 3% of your balance or £10 whichever is the greater. Frequency and method Choose to make more than one payment a month by Direct Debit, by cash or cheque over the counter at a bank or post office, by Debit Card over the phone or post. The reverse of your statement shows full details.
Allocation of payments Payments you make will be applied in the following order: Interest, Fees, Default charges; Balance transfers and Promotional rates; Purchase transactions; Cash/Cheque transactions.
Vanquis Card Annual fee There is no annual fee.
Charges Cash/Cheque advance fee of 2.5% or £2.50, whichever is the greater. Foreign transaction fee of 2.75% of the amount of any non-sterling transaction made abroad.
Default charges Late payment and over limit fees are £12. Returned payment fee of £12 if a Direct Debit or cheque is not honoured.
Other features
Cost of Borrowing
Interest Explained - based on 39.9% APR
