How Does the Vanquis Credit Card Work?

- by Becky Hall

Does having a Vanquis credit card tempt you? In this article read about how it works and benefits you can get. Receive answers to your FAQs about the Vanquis credit card.

Is the Vanquis Credit Card For You?  - Cashfloat

Vanquis Credit Card – How it Works

The Vanquis credit card is said to help build credit scores. Applying for the Vanquis Visa credit card is easy, all you have to do is fill out the 4 step application process to check your eligibility. You will get a response within 60 seconds. Vanquis accept people with bad credit. If you are accepted, you can apply and then wait for your welcome back to come in the post. You should receive your credit card within 2 weeks and then you use it the same way you use any credit card.

With a Vanquis credit card, you can get a credit limit of £150 – £1000, and your credit limit could increase up to a total of £4000. You can get a credit increase after your 5th statement. In order to be considered for credit increases, you must use your card sensibly and keep within your credit limit. You must also pay your monthly minimum payment on time.

About Vanquis Bank

Vanquis Bank is part of the Provident Financial Group. The bank was established in 2002 and received authorisation from the FSA in 2003. It became the credit card issuing arm of Provident Financial Group and they have branches in Bradford, London and Chatham. Vanquis bank offers the Vanquis credit card. Using this credit card sensibly is an excellent way to build or rebuild your credit limit.

Can't make your one time credit card payment?  Apply for a loan from Cashfloat.

How can you build your credit rating with a Vanquis credit card?

If you have a poor credit rating, here are some steps you can do:

Watch this video for some more great tips on how to build your credit rating with a Vanquis credit card.

Vanquis loans

To be eligible for a Vanquis loan, you must be a Vanquis customer. Loans are subject to eligibility. Vanquis offers £1000 loans up to £3000 loans, repayable over 1-3 years with Representative 29.9% APR. To find out if you are eligible, call them on 0333 003 5803. After the credit agreement is completed, they will transfer the loan to you within 3 business days. Missing payments on their loans can lead to severe consequences and it may make it more difficult to obtain credit in future.

Comparing Cashfloat Loans to a Vanquis credit card

Vanquis credit cards isn’t the only line of credit out there. How about going for a Cashfloat payday loan with many other perks. Here are some great reasons why to choose Cashfloat over a Vanquis credit card:

Cashfloat logo
Vanquis Card
Early repayment fees
Funding time
Up to 1 hour after approval
10-14 days to receive card
Credit limit (new customers)
£150 – £1000
Bad credit
Apply now


Is vanquis bank safe?

Vanquis back is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority. All the information you give on the website is kept secure.

How can I check my Vanquis balance?

You can check your account balance by logging in anytime to your Vanquis bank account.

How do I pay my credit card bill?

  1. Go to
  2. Click on the purple button “pay my card” in the top right corner
  3. Login as usual
  4. Under “Make a Payment” click “Debit Card Payment” and then follow the instructions.

Can I transfer money from Vanquis card to bank account?

You can transfer money from your Vanquis card to your bank account. Vanquis charges a transaction fee of 3% of the transaction amount or £3, whichever is the greater.

How can I cancel my credit card?

After receiving your credit card, you have 15 days to withdraw from your credit card agreement and cancel the card. At any time, you can ask Vanquis to cancel your account. Before closing it, you must pay off any credit, interest or unpaid fees outstanding on your account.

How can I increase my credit limit?

To increase your credit limit, you should make use of your credit limit without going over your limit and pay your credit on time. Handling the monthly repayments well can also help to increase your credit limit.

For more FAQs, visit the Vanquis website.


Having a Vanquis credit card, certainly does seem to have its perks. Credit cards are only good when used sensibly and to help build a credit score. Before applying for a Vanquis credit card make sure this is the best option for you and you won’t be better off with an online loan.

Vanquis contact number: 0330 099 3000. Opening times: 8am – 8pm Monday to Friday, 9am -5:30pm on Saturday.

Apply now for your Cashfloat loan!
Apply now for your Cashfloat loan!
About The Author
Becky Hall
Becky never thought she would be a financial blogger. But Fate arranged that Becky had to put her accounting degree on the back burner right after she graduated with a first in Business and Accounting. While doing bookkeeping as a freelancer for private clients, Becky noticed how many cashflow problems can be solved with a little bit of education. Trying to keep her clients out of debt, Becky began writing resources which she distributed to clients. What began as writing advice for clients evolved into a passion and now Becky found her platform at Cashfloat. When she isn’t writing, calculating or budgeting, Becky can be found at her piano playing something classical.
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* Cashfloat terms and conditions apply. Applicants must be 18 or over. All loans are subject to affordability, applicant verification and traditional credit checks via various national databases by Cashfloat responsible lending policy. In most cases, loan decisions may take up to 30 minutes during office working hours. If your bank does not support Faster Payments, funds will be sent to your account the same day as approval so long as you’re approved by 16:30.

Representative example: Borrow £900 for 7 months. 1st monthly repayment of £187.92, 5 monthly repayments of £250.56, last monthly repayment of £125.27. Total repayment £1,565.99. Interest rate p.a. (fixed) 198.72%. RAPR 529.09% Our APR includes all applicable fees. Daily interest is capped at 0.74%.

Warning: Late repayment can cause you serious money problems. For help, go to

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