Credit Building Credit Cards: Credit Builder

Building your Credit with a Vanquis Visa Card:
  • Build Credit from an Initial £150 to £1,000 with Increases up to £4,000 over time*^.
  • Fast Online Application.
  • Manage your Account Online & Get Text Reminders**.

To build your credit rating and be considered for credit limit increases, use your card sensibly, stay within your credit limit and pay your monthly minimum payment on time. Not doing so could harm your credit rating and make obtaining credit more difficult.

Representative 39.9% APR 



Build your Credit with Vanquis: Credit Builder Cards

Building a good credit rating is necessary to be able to borrow money for the things we want in life, whether for small purchases now like a television or car repairs, to more important purchases in the future like a mortgage for a home or a car loan. A good credit history is also key to being able to rent a property or get a mobile phone contract, as it tells the landlord or mobile phone company that you are likely to be able to meet your payments.

To build up a good credit history you need credit. With no or a bad or poor credit history, it can be difficult to start building up a good record of repaying what you borrowed as lenders may refuse to provide you with credit.

That is why an application for Vanquis Card may be the first step in constructing a solid credit history. By taking out a Vanquis Visa Card, you can use this responsibly as a Credit Building Card to build up a record of responsible borrowing that will be reflected in your credit rating.

Vanquis has accepted over 3 million credit card applications+ in the UK over the past few years. If you are looking to build credit, Vanquis will consider your application.

To build your credit rating with a Vanquis Visa Card, follow these 5 steps every month:

1. Use your Vanquis Visa Card.

2. Always stay within your credit limit.

3. Pay at least the minimum payment due on time every month.

4. Keep your other accounts such as credit cards, loans, catalogues, mobile phone and mortgages in order.

5. Don't take on too much debt elsewhere. You should be able to afford the debt that you have.

There are no guarantees, but if you follow these 5 steps consistently every month, you should be on track to improving your credit history and building a strong credit rating. If you don’t follow these steps, you could harm your credit rating and ability to obtain more credit. If you do miss a payment or go over your credit limit, get back on track as soon as you can by following these 5 steps. The sooner you do, the sooner you can start improving your credit history and building a strong credit rating.

Why Build Credit? : Credit Cards to Rebuild Credit

Access to most forms of credit requires a good or excellent credit rating. Without a credit history a lender will not be able to judge the risks of lending money to a person, and a poor or a bad credit history can be interpreted as a signal that the person may not be able to repay the monies borrowed. If you are in either of these situations you may find your access to credit restricted.

Some lenders will consider you for a loan or credit despite having no credit history or a poor or bad credit history. Vanquis will consider applications for a credit card if your credit record is bad or poor or you have no credit record in the UK.

Using a Vanquis card responsibly can improve your creditworthiness by evidencing that you have borrowed money and met at least the minimum payment at each payment date, taking care to ensure your total indebtedness remains manageable, and that you have not gone overlimit. By building up a responsible repayment record you could improve your credit score. However, lenders will also consider your repayment record for any other credit or loans you have when determining whether to provide you with credit, so you need to be responsible with all debt and loan obligations you have incurred:

Some good tips include:

  • Pay all bills on time - avoid late payments on any debts
  • Do not miss payments or default on a debt - including council tax or utility bills
  • Pay at least the minimum amount on credit cards each month
  • Monitor all accounts for identity theft
  • If possible, avoid changing address or job too frequently
  • In the case of outstanding defaults, always meet agreed repayment obligations
** Subject to Payment & Terms and Conditions, please see Existing Customers.