Aqua Balance Transfer

Can you make an Aqua balance transfer? How do I make an Aqua card balance transfer? Can you make a balance transfer from Aqua card?

The above are all common question that we have recently seen customers looking for answers on the subject of an Aqua balance transfer.

The Aqua credit card is a credit builder credit card which is often used by customers who do not have any credit history, or who have had credit problems in the past. These credit problems may have included missed or late payments and 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 credit limit and making the monthly payments on time.

Can you make an Aqua balance transfer?

Currently you can make a balance transfer from another credit card to Aqua and you can also make a balance transfer from Aqua to another credit card.

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 35.9% APR variable for example, with the Aqua Start card having an even higher representative 49.9% APR variable.

With Aqua credit cards having such high interest rates, it is unlikely that many customers will look to make a balance transfer to an Aqua card.

Aqua Card Balance Transfer

How do you make an Aqua card balance transfer to another credit card?

Due to the high interest rates on the Aqua credit card, many customers will look to make a balance transfer from Aqua to a 0% balance transfer card, in order to save money.

Transferring an outstanding balance from a credit card charging 35.9% APR, or more, to a credit card with a 0% introductory rate on balance transfers does give the customer an opportunity to save money.

Balance Transfer From Aqua?

Many of the current UK balance transfer credit cards will accept an Aqua card balance transfer, ie a balance transfer from Aqua to the new credit card.

However to be accepted for any new 0% balance transfer credit card a customer will need to have an improved credit rating, compared to when they first applied for an Aqua card.

Aqua credit card customers are much more likely to be accepted for a new 0% balance transfer 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
You have made the minimum payment or more, on time every month
You have no recent late payments on any other bills, cards or loans
You have no recent County Court Judgement’s
You have a low level of other debt in relation to your overall annual income

If you are looking to make Aqua balance transfers to another card, and meet all of the above criteria, then the following featured balance transfer cards are most likely to be suitable for a balance transfer from Aqua:-

Card Offers

HSBC*

Balance Transfers:

0% for 28 Months

Balance Transfer Fee:

1.4%

Purchases:

0% for 3 Months

Representative APR:

21.9% APR (variable)

Card Details

HSBC*

0% interest on balance transfers for 28 months made within 60 days of account opening
1.4% balance transfer fee (minimum £5)
0% interest on purchases for 3 months from account opening
At the end of 0% offer period, balance transfers and purchases will revert to standard variable rate
home&Away rewards programme giving you instant discounts from well-known brands
Online account management
Annual Fee: None

Application Criteria

HSBC*

You have an annual income or pension before tax of £8,500 or more
You are a UK resident, including Isle of Man and Channel Islands
You are aged 18 or over
You do not hold an HSBC Basic bank account

Representative Example: 21.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 21.9% p.a. (variable)

Credit is subject to status

Card Offers

Asda Cashback*

Balance Transfers:

0% for 12 Months

Balance Transfer Fee:

Purchases:

No offer

Representative APR:

19.9% APR (variable)

Card Details

Asda Cashback*

0% on balance transfers for 12 months
3% balance transfer fee, minimum £3
0% for 6 months on purchases of £200 or more at George.com
1% cashback on your Asda shopping online and instore
1% cashback at Asda Living, Asda petrol stations and George.com
0.2% cashback everywhere else
Annual Fee: None

Application Criteria

Asda Cashback*

You are a permanent UK resident
You have a UK bank or building society account
You are able to provide at least one telephone number
You have a regular source of income
You are aged 18 or over

Unlimited cashback vouchers - 1% at Asda plus 0.2% everywhere else

Representative Example: 19.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 19.9% p.a. (variable)

Card Offers

M&S Shopping Plus*

Balance Transfers:

0% for 20 Months

Balance Transfer Fee:

2.9%

Purchases:

0% for 20 Months

Representative APR:

19.9% APR (variable)

Card Details

M&S Shopping Plus*

0% for 20 months on balance transfers made within 90 days of account opening
2.9% balance transfer fee, minimum £5
0% on purchases for 20 months from account opening
Collect M&S points every time you shop anywhere in the world with your card
Preferential rates when you use your card to order M&S Travel Money
Manage account online
Annual Fee: None

Application Criteria

M&S Shopping Plus*

You are a UK resident
You have a UK bank or building society account
You are aged 18 or over
You have not held a credit card with M&S Bank within previous 12 months

Representative Example: 19.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 19.9% p.a. (variable)

Card Offers

Nationwide Select Credit Card just for Nationwide members*

Balance Transfers:

0% for 12 Months

Balance Transfer Fee:

Purchases:

0% for 12 Months

Representative APR:

15.9% APR (variable)

Card Details

Nationwide Select Credit Card just for Nationwide members*

0% on balance transfers for 12 months from account opening
0% balance transfer fee within first 3 months, 2.4% fee applies after, minimum £5
0% on purchases for 12 months from account opening
Unlimited commission free purchases abroad
Manage account online
Annual Fee: None

Application Criteria

Nationwide Select Credit Card just for Nationwide members*

Nationwide credit cards are just for members. You are a member when you have a current account, mortgage or savings account with Nationwide
Nationwide Select Credit Card is only available to members who hold their main current account with Nationwide
You have been living in the UK for the last 12 months
You have a gross income each year of more than £5000
You have a good credit history
You are aged 18 or over

Nationwide Select Credit Card is only available to members who hold their main current account with Nationwide

Representative Example: 15.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 15.9% p.a. (variable)

Card Offers

M&S Transfer Plus*

Balance Transfers:

0% for 28 Months

Balance Transfer Fee:

0.99%

Purchases:

0% for 6 Months

Representative APR:

19.9% APR (variable)

Card Details

M&S Transfer Plus*

0% for 28 months on balance transfers made within 90 days of account opening
0.99% balance transfer fee, minimum £5
0% on purchases for 6 months from account opening
Collect M&S points every time you shop anywhere in the world with your card
Preferential rates when you use your card to order M&S Travel Money
Manage account online
Annual Fee: None

Application Criteria

M&S Transfer Plus*

You are a UK resident
You have a UK bank or building society account
You are aged 18 or over
You have not held a credit card with M&S Bank within previous 12 months

Representative Example: 19.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 19.9% p.a. (variable)

The Aqua credit cards are issued as credit cards which use the MasterCard payment network for payment processing. However you can make an Aqua balance transfer to either another MasterCard credit card or to a Visa credit card.

Aqua Balance Transfer