Comparing balance transfer credit cards online since 2002Can you make an Aqua balance transfer? How do I make an Aqua card balance transfer? Can you transfer from Aqua credit cards?
The above are all common question that we have recently seen customers looking for answers on the subject of an Aqua balance transfer.
Aqua credit cards are primarily a credit builder credit card. These cards are often used by customers who do not have any credit history. They are also commonly used by customers who have had credit problems, in their past. These credit problems may have included missed, or late payments, and also County Court Judgements.
When a customer uses an Aqua credit card responsibly, then it is possible to use the Aqua card to build a stronger credit rating over time. Customers can do this by staying within their given credit limit and making their monthly payments on time, every month.
A stronger credit card rating, can then lead to a higher credit limit for the customer. This could be a £4000 credit card limit, or a credit card with a £7000 limit, for example.
Aqua Card Balance Transfer
Can you make an Aqua balance transfer?
As a credit builder credit card, the Aqua credit card has a higher than average standard rate of interest. The Aqua Classic card has a representative 37.9% APR variable, for example. The Aqua Advance and Aqua Reward cards have a representative 34.9% APR variable.
As a result of these high interest rates many customers will look to make a balance transfer to save money. Transferring a balance from your Aqua credit card, to a card with a 0% introductory offer will reduce your interest payments.
So, yes you can make an Aqua card transfer to another credit card. However, with Aqua credit cards having such high interest rates, it is unlikely that many customers will look to make a transfer to an Aqua card.
Aqua Credit Card Balance Transfer
Are you looking to make an Aqua card balance transfer to another credit card?
Many UK customers will look to make a Aqua balance transfer to another credit card, in order to save money. This is due to the high interest rates charged on the Aqua credit cards.
Transferring an outstanding balance from a credit card charging 37.9% APR to a credit card with a 0% introductory rate on balance transfers does give the customer an opportunity to save money.
Many of the current UK credit cards with 0% introductory offers, will accept an Aqua card balance transfer.
However to be accepted for any new interest free balance transfer credit card a customer will need to have a good credit rating. The customers credit rating will need to have improved, compared to when they first applied for an Aqua credit card.
Aqua credit card customers are much more likely to be accepted for a new 0% credit card if they can meet all of the following criteria:-
- You have had an Aqua credit card for at least 12 months or more
- Every month you have made, at least, the minimum payment on time
- You have no recent late payments on any other bills, cards or loans
- You have no recent County Court Judgement’s
- In relation to your overall annual income, you have a low level of other debt
If you meet all of the above criteria, then the following featured cards are more likely to be suitable for an Aqua card balance transfer:-
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Card Offers
Card Details
- 0% interest for 23 months on balance transfers made within first 60 days of account opening
- 2.9% balance transfer fee applies (minimum £5)
- 0% interest on purchases for 23 months from account opening
- At end of promotional period, balance transfers and purchases will revert to standard variable rate
- Worldwide offers and discounts with HSBC home&Away
- Manage your card online
- Annual Fee: None
Application Criteria
- You have an annual income or pension before tax of £6,800 or more
- You are a UK resident
- You are aged 18 or over
- You do not hold an HSBC Basic bank account
Card Offers
Card Details
- 0% for 24 months on balance transfers made within 90 days of account opening
- 2.9% balance transfer fee, minimum £5
- 0% on purchases for 24 months from account opening
- Collect M&S points every time you shop anywhere in the world with your card
- One point for every £1 you spend in M&S and one point for every £5 you spend elsewhere
- Manage account online
- Annual Fee: None
Application Criteria
- You are a UK resident
- You have an annual income or pension of at least £6,800
- You are aged 18 or over
- You have not held a credit card with M&S Bank within the previous 12 months
Card Offers
Card Details
- 0% interest for 24 months for balance transfers made within 60 days
- 3% balance transfer fee, minimum £5
- 0% interest on purchases for 4 months from account opening
- All successful applicants will receive this exact rate and offer
- Online account management
- Annual Fee: None
Application Criteria
- Only available to customers who have held a Co-operative Bank or smile current account for 1 month or more
- You are a UK resident
- You have annual income of £10,000 or more
- You are aged 18 or over
Card Offers
Card Details
- 0% interest for 12 months on balance transfers made within 90 days of account opening
- 2.9% balance transfer fee, minimum £5
- 0% on purchases for 12 months from account opening
- Collect M&S points every time you shop anywhere in the world with your card
- One point for every £1 you spend in M&S and one point for every £5 you spend elsewhere
- Manage account online
- Annual Fee: None
Application Criteria
- You are a UK resident
- You have an annual income or pension of at least £6,800
- You are aged 18 or over
- You have not held a credit card with M&S Bank within the previous 12 months
Card Offers
Card Details
- 0% on balance transfers for up to 12 months
- 2.9% balance transfer fee
- 0% on purchases for up to 12 months
- Credit limit up to £8,000
- Online account management
- Annual Fee: None
Application Criteria
- You are a UK resident
- You have a bank or building society account
- You are aged 18 or over
The Aqua credit cards are issued in the UK as cards which use the MasterCard payment network for payment processing.
Many UK card companies use Mastercard, although the HSBC balance transfer credit cards now use Visa. However you can make an balance transfer to either another MasterCard credit card, or to a Visa credit card.
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