Content begins 

Credit Building Credit Cards

What are credit building credit cards?

Credit building credit cards are like any other credit card except that are used primarily to help people with a poor credit rating, and people who are new to borrowing money, to improve their credit score. By doing this they are more likely to have their applications for new credit cards accepted in the future. The idea is, as you borrow money and successfully pay off that money at the end of each month, lenders will trust you more and more to the extent that they will lend to greater sums of money in the future.

I would like to...

Expert Choice Credit Cards
Balance Transfers Purchases
Credit Card Rate Duration Fee Rate Duration Representative APR Apply
N/A N/A N/A N/A N/A 29.7% APR
Representative variable
The smart credit card that can help you stay in control. Start with an easy-to-manage credit limit from £250. Receive text alerts when you’re approaching your credit limit. Track transactions online and pick the payment date you want.
Representative Example: If you borrow £1200 at a purchase rate of 29.75% p.a.(variable), you will pay 29.7% APR Representative (variable).

Marbles | Credit Card - Semi Excl

Show Details

N/A N/A N/A 0.0% 5
34.9% APR
Representative variable

A credit limit between £150 and £1,200. 0% interest on all your purchases for 5 months from account opening, offer ends 8 February 2016. Your account will be reviewed within 12 months and your interest rate will be reduced and your line of credit may be increased if you always pay on time and stay within your credit limit. Your new account will automatically be set up with paperless statements so that you can manage your account online. You can choose to receive paper statements at any time in Barclaycard account services.

Representative Example: If you borrow £1200 at a purchase rate of 34.9% p.a.(variable), you will pay 34.9% APR Representative (variable).

Barclaycard | Initial Credit Card

Show Details

N/A N/A N/A N/A N/A 34.9% APR
Representative variable
aqua Advance - cut your interest rate by 15% over 3 years. Been turned down for credit before? Don’t take no for an answer and apply for an aqua Advance credit card today. The aqua Advance credit card offers the potential to reduce your interest rate by 15% over 3 years, giving you the chance to prove your financial setbacks are firmly in the past. You start on 34.9% APR representative variable, but you’ll soon get the chance to reduce your interest rate by 5% each year for 3 years. Just make sure you pay at least the minimum amount due on time and keep within your credit limit. At the end of 3 years you could end up with an APR of only 19.9%, and a very positive effect on your overall credit rating. aqua has said YES to over 750,000 customers in the UK. FREE aqua credit checker gives you unlimited access to your credit report, PLUS premium benefits to track your credit score and alert you to changes (worth up to £50 per year).
Representative Example: If you borrow £1200 at a purchase rate of 34.92% p.a.(variable), you will pay 34.9% APR Representative (variable).

aqua | Advance Card

Show Details

N/A N/A N/A N/A N/A 35.9% APR
Representative variable
With aqua Classic you could build your credit history with our competitive rate. Been turned down for credit before? Don’t take no for an answer and apply for an aqua Classic credit card. The aqua Classic credit card is great for people who are getting their finances back on track. And right now we’re offering a very competitive 35.9% APR representative variable so don’t miss this opportunity: you could enjoy a sensible credit limit, manageable interest rates and ultimately, improve your overall credit rating.
Representative Example: If you borrow £1200 at a purchase rate of 35.94% p.a.(variable), you will pay 35.9% APR Representative (variable).

aqua | Classic Card

Show Details

MoneyExpert Ltd is a Credit Broker and receives commission payments for all credit card referrals made on our website. The rates displayed in this table are updated on a daily basis.

Interest rates

Although credit building cards are a good option for those who a poor credit history or with no history at all, they do come at a price. Because lenders are taking a risk by giving access to credit to an individual who may potentially not be able to repay the necessary repayments, they in turn charge a high interest rate to counter balance this. There are many different providers and each will offer a different interest rate for customers, so be sure to shop around for the best possible interest rate that you think you will be able be accepted for, given your credit score.

Will I be accepted for a credit building card?

Although credit building cards are designed with those who have a poor credit rating in mind, not all applicants will be accepted. There are many factors that dictate whether or not you will be able to get a credit building credit card, like your income and the current state of your finances. If you are turned down however, be aware that there are many providers and they may be one who will be willing to give you accept your application; but at the same time also be aware that getting turned down from some providers can have a negative effect on your credit rating, making it more difficult for you to borrow in the future.

Advantages of credit building credit cards

  • Gives you the opportunity to build your credit score, which is ideal for those who have either had problems repaying debt in the past who those who have not yet had the chance to demonstrate that they are reliable and fully capable of paying back their debts
  • Some cards will come with the opportunity to achieve rewards if you are able to keep up with your repayments as an added incentive.

Disadvantages of credit building credit cards

  • Because they are designed for those who may be less reliable with their spending, credit building credit cards will have a lower spending limit, meaning that they cannot be used to purchase very expensive items.
  • There is a high interest rate that is in line with the level of risk that lenders are taking by giving credit to individuals in a high risk category. However after consistently paying off the credit you owe, you will likely be able to move onto better deals.

How to improve your chances of being accepted for a credit building credit card

Make sure that you are on the electoral register, as lenders often use this is a way of verifying your home address and any past addresses you may have had. You can do this by contacting your local council.

Another useful tip is to order you credit report, since it is what lenders will be using to assess your eligibility you can check to make sure that everything about is up to date and correct. In the event that you do notice there has been a mistake regarding your credit history, all you need to do is contact the credit reference agency and explain the mistake to them and the situation will get cleared up. You can also add a statement to your record in order to explain to potential lenders why it is that your credit rating is not as good as it could be in order to give them a better understanding of your situation.

If you have any remaining outstanding debts, then it's a good idea to pay them as soon as possible. Any credit cards or county court judgements which you pay off will show up on your credit history and has a positive influence on potential lenders decisions.

View our guide to credit cards

Credit Cards News

View full news section


© 2016

MoneyExpert Limited Registered in England. Registered Number 04765843. Registered Office: MoneyExpert Limited, Huxley House, Weyside Park, Catteshall Lane, Godalming, GU7 1XE. Data Protection Licence Number Z8204138. MoneyExpert Limited is authorised and regulated by the Financial Conduct Authority. FCA regulation number 679652.

Terms & Conditions Privacy Policy Cookies Site Map Complaint Handling