How can I make a payment to my account?
You can make as many individual payments before your ‘Payment to Reach Us By’ date, so long as the total payments are at least equal to the Minimum Payment Due printed on your monthly statement. You can always pay more than the minimum amount, and remember the more you pay, the quicker your balance reduces and you’ll pay less interest.
Debit Card Payments
You can make payments using your debit card, however you need to allow 2 working days for your payment to clear into your account.
Please see Vanquis Online Banking for details on how to log on and make a payment online. You can make a payment by selecting the 'Payments' tab or by clicking 'make a payment' on the account summary page.
Vanquis Bank App
Sign in to the Vanquis Bank App. Select the ‘Make a Payment’ and follow the instructions on screen.
Phone Vanquis on 0330 099 3000, you can make a one off payment with a Debit Card or set up a Direct Debit for regular payments or set up a Continuous Payment Authority (for more details see our response to ‘What is a Continuous Payment Authority and how do I set one up?’).Please click here for opening hours and call charge information.
Internet or Telephone Banking
Via your bank’s telephone or internet banking service, you can make a one off payment or set up a standing order. Simply quote the following details: (1) Our sort code: 60-95-94, (2) Our bank account number: 0000 0001 and (3) Your Vanquis 16 digit card account number.
Most banks offer the Faster Payments service. Payments made by this method and received by Vanquis before 5pm on a working day will be applied to your account on the same day. However you need to allow 2 working days for your payment to appear on your account. Payments received after 5pm will be applied to your account the next working day. Working days are Monday to Friday, excluding weekends and Bank Holidays
Over the Counter
Over the counter at your Bank or Post Office, using your pre-printed giro (found at the bottom of your monthly statement).
If you are paying by cheque or postal order make them payable to ‘Vanquis Bank’ followed by your 16 digit Vanquis Visa credit card number. On the back, write your name and Vanquis Visa credit card number.
Some banks or Post Offices charge a handling fee. Please check with the counter agent. Please allow 5 working days for your payment to reach your account via this method. Please note that payments made over the post office counter can, in some instances, take up to 20 working days to clear.
By posting a cheque or postal order, together with your pre-printed giro (found at the bottom of your monthly statement) in one of our pre-paid envelopes. Please make cheques payable to ‘Vanquis Bank’ followed by your 16 digit Vanquis Visa credit card number. Write your name and Vanquis Visa credit card account number on the back of the cheque or postal order. Please note, we normally recommend allowing 7 working days for your payment to reach your account via this method. PLEASE DO NOT SEND CASH OR POST-DATED CHEQUES AS THESE CANNOT BE ACCEPTED.
Please remember to always make your payments in good time to make sure they reach your account by the Due Date. We recommend you pay early to avoid possible late charges and maintain your credit record.
You can set up a monthly Direct Debit for the minimum payment due, a fixed amount or the full outstanding balance. Call us on 0330 099 3000* to arrange. Direct Debit payments are claimed on your payment due date.
Important Information - DIRECT DEBIT PAYMENTS
As with all Direct Debit payments, we request your automatic payment 3 working days before it leaves your current account. Any additional payments you make in this period will have no effect on the amount we have already requested from your Bank.
Minimum or Fixed Payment amount Direct Debit
If you choose to make additional payments, your Direct Debit will still collect unless your statement balance is cleared in full.
Fixed amount Direct Debit
If you have a fixed amount Direct Debit it means you pay the same amount each month. However, if the fixed amount is not enough to cover your minimum payment we will take the outstanding minimum payment amount. If your statement balance is lower than your fixed amount we will only claim the balance on your statement to avoid your account going into credit.
What if I change my mind? Can I cancel my credit card and how long do I have to do that?
After applying and receiving your credit limit, if you change your mind, you have 15 days to withdraw from your credit card agreement with us and cancel the card. You can do this by phone or in writing. You will have to repay us any credit and interest outstanding on your balance within 30 days. Interest will be charged for each day between the credit being drawn down and repaid. At any time, you can ask to close your account. To do so you must repay us any credit, interest and unpaid fees and charges outstanding on your account.
Please refer to your terms and conditions for more information on how you do this.
Can I use my new contactless card immediately?
With your new card you'll need to complete a Chip and PIN transaction before you can make a contactless payment. This is an extra security step to ensure your card is in your hands and not someone else's.
How often do you change my interest rate?
We will not increase your interest rates within the first year as a result of risk based re-pricing. This means your interest rates would only increase within the first year because of, for example, changes in the economy which lead to a change in the base lending rate.
If we do increase your interest rate we will not do so more than once every six months.
When we tell you about an increase in your interest rates, we will explain in clear language how it is changing, what it will cost and the options available to you.
If you ask, we will give you information on how and why we have changed your interest rate.
Why might my interest rates change?
When you borrow money on a credit card, the credit is ‘unsecured’ because it’s not linked to your property; and ‘open ended’ because the account is not set to last for a specific length of time. This means that we face more risk than other types of credit product, such as personal loans and mortgages. Also, your financial circumstances can change over time, which means there may be a higher risk that you will not be able to pay back the money you have borrowed.
Changing the interest rates allows us to respond to expected changes in: the economy; the cost of providing credit; and your financial circumstances.
If we didn’t adjust interest rates in this way, we might have to take your card away, or you may have to pay new charges.
If the soft credit search reveals that I can apply for a Vanquis Visa credit card, does that mean I will definitely be approved?
Once you submit the 'soft credit search’ form we will carry out some necessary checks and give you a response in 60 seconds. There is a chance that we may not be able to open your credit account if (a) we are unable to successfully complete affordability, fraud and money laundering checks or our Welcome Call (this is the telephone call we need to make to you to complete the application process); (b) if you change any of your information provided to us; and (c) in some cases we may also require Direct Debit details. Also remember that credit is subject to: status; telephone contact; confirmation of name and address; not already holding a credit card issued by Vanquis Bank; no reasonable suspicion of fraud, and is only available to UK residents who are at least 18 years of age and are not legally restricted from obtaining credit e.g. because of bankruptcy.
What impact does “ring-fencing” have on me?
You do not need to take any action unless you are contacted by your bank. If you are affected by the changes, your bank will tell you how, when the changes take place and whether you need to do anything.
Customers of different banks may be affected in different ways. Even similar customers of the same bank may be affected in different ways.
Some bank customers will experience changes to their account details. For example, some customers may receive a new sort code or a new account number. If you are affected in this way, your bank will ensure that any outgoing payments, for example standing orders and Direct Debits, are made as normal. Your bank will also redirect to your new account details any incoming payments made to your old account details.
All bank customers should remain alert to the possibility of fraud.
It is recommended that customers:
- Treat all letters, phone calls, emails and text messages with caution. Don’t assume they are genuine, even if the person seems to know some basic information about you.
- Do not give out your account or card details or make changes to payments unless you are certain who you are dealing with.
- A genuine bank or organisation will never contact you out of the blue to ask for your PIN, full password or to move money to another account. Only give out your personal or financial details to use a service that you have given your consent to, that you trust and that you are expecting to be contacted by.
- Don’t be rushed or pressured into making a decision or acting quickly. A genuine bank or other organisation won’t mind waiting if you want time to think.
If you have any doubts at all about what you are being asked to do, check with your bank. Always use contact details you can trust, for example the phone number on your bank statement, rather than any details provided in the communication in question.
What's my right to withdraw?
Once you have applied and before acceptance of your application, you can withdraw it by sending WRITTEN notice to: Vanquis Card, Customer Services, P.O. Box 399, Chatham ME4 4WQ or by telephoning 0330 099 3000. Please click here for opening hours and call charge information. Once your application is accepted you will have a further short time to cancel the agreement. For more details see our response to 'What if I change my mind? Can I cancel my card and how long do I have to do that?'.
How can I get a PIN reminder or a new PIN?
You can order a PIN reminder for your own card or an additional card holder by using Vanquis QuickCall on 01623 23 23 23 Please click here for opening hours and call charge information.
If my Vanquis Visa credit card is lost or stolen can it be used for contactless transactions?
If you lose your card or think it might have been stolen please contact us immediately on our Lost & Stolen Line 0800 783 9003.
You are always covered by the same fraud protection and technology as when you use your PIN to make a payment, and for extra security you will occasionally be asked to enter your PIN instead of paying by contactless.