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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.

Our Expert choice:Barclaycard Platinum With BT

Our Expert Choice Credit Card

0% interest on balance transfers for 34 months from account opening (2.99% handling fee applies). A fee of 3.5% will be applied, then reduced to 2.99% by a refund.

  • 0% interest on purchases for 6 months from account opening.
  • 18.9% APR Representative Variable.

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Expert Choice Credit Cards
Balance Transfers Purchases
Credit Card Rate Duration Fee Rate Duration Representative APR Apply
Aqua
N/A N/A N/A N/A N/A 29.7%Variable
Welcome to aqua Classic – credit where credit’s due. We take a closer look at applications and pride ourselves in giving people credit when others won't. An initial credit limit of £100 - £1,600 and a possible increase after 4 months. 51 days interest free credit every month. No annual fee. Representative 29.7% APR (variable). Free aqua Credit Checker, worth up to £80.
Representative Example: If you borrow £1200 at a purchase rate of 29.71% p.a.(variable), you will pay 29.7% APR Representative (variable).

Aqua | Classic Card (29.7%) - Semi Excl

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Capital One
N/A N/A N/A N/A N/A 29.8%Variable
Get control over your finances with our low limit, easy-to-manage credit card. Great for people who want to build or rebuild their credit history. Credit limit from £200 to £1,500. 
Representative Example: If you borrow £1200 at a purchase rate of 29.84% p.a.(variable), you will pay 29.8% APR Representative (variable).

Capital One | Classic Platinum Card

Aquis
N/A N/A N/A N/A N/A 29.8%Variable
Managing your money couldn’t be simpler with an Aquis Visa card. You’ll have 24/7 control of your account with Online and SMS Account Management. And if you’re new to credit or have had a few credit issues lately, the Aquis Visa card can help you rebuild your credit rating. Representative 29.8% APR (variable). Apply today - and get back on track with an Aquis Visa card. Credit has been provided by Vanquis Bank Limited.
Representative Example: If you borrow £1000 at a purchase rate of 29.84% p.a.(variable), you will pay 29.8% APR Representative (variable).

Aquis | Credit Card

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Barclaycard
N/A N/A N/A 0.0% 3 Months 34.9%Variable

Can help to build your credit rating. Suitable if your financial situation has been improving. You must be over 18 years of age, earn over £3,000 a year and not be unemployed. You must not have been made bankrupt in the last six years – including having an Individual Voluntary Arrangement or Debt Relief Order. You must not have more than one County Court Judgement or recently missed a bill payment. Manageable credit limits from £250 - £1,000. Great for: being able to reduce your interest rate by always paying on time and staying within your credit limit. 0% interest on purchases for 3 months from account opening. Barclaycard have made improvements their product/offering and as a result are now accepting more people than ever before onto Barclaycard Initial.

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

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Capital One
N/A N/A N/A N/A N/A 34.9%Variable
A credit card offer for people who want to build or rebuild their credit history. Low, easy-to-manage credit limit from £200.
Representative Example: If you borrow £1200 at a purchase rate of 34.94% p.a.(variable), you will pay 34.9% APR Representative (variable).

Capital One | Classic Card

Aqua
N/A N/A N/A N/A N/A 34.9%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. Free aqua Credit Checker, worth up to £80.
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

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Ocean Finance
N/A N/A N/A N/A N/A 34.9%Variable
Introducing the NEW Ocean Credit Card. Get credit from - £200 to £1,500. No annual fees - no hidden charges. Credit booster - may boost your credit rating. Used properly our easy to manage low-limit card could help you improve your credit rating.
Representative Example: If you borrow £1200 at a purchase rate of 34.94% p.a.(variable), you will pay 34.9% APR Representative (variable).

Ocean Finance | Credit Card

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Vanquis Bank Ltd
N/A N/A N/A N/A N/A 39.9%Variable
Vanquis considers every application on its own merits, so we encourage you to apply even if you have had credit problems in the past. No annual fee. Up to 56 days interest free on purchases. Free additional cardholder (only after 6 months). Free fraud monitoring - we'll warn you of any suspicious activity on your account. Chip & PIN technology for added security whenever you use your card. Visa is widely accepted in the UK and abroad. Convenient for paying online and over the phone.
Representative Example: If you borrow £1000 at a purchase rate of 39.94% p.a.(variable), you will pay 39.9% APR Representative (variable).

Vanquis Bank Ltd | Visa Card

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Argos
N/A N/A N/A N/A N/A 39.9%Variable
Start with a manageable credit limit between £150 and £1000. You could get a credit limit increase on your 4th statement (Conditions apply). And further increases every 4 months, up to £3,000 (Conditions apply). To be considered for a credit limit increase, please keep all your credit agreements in order by paying on time, making use of your existing credit limit without going over your credit limit, and not taking on too much debt elsewhere. This is only a guide and meeting these criteria does not guarantee you a credit limit increase. Representative 39.9% APR (variable). You must not have applied for a Vanquis, Granite, Aquis or Black Diamond Card within the last 6 months. Do not apply for the Argos Credit Card if you currently hold a Vanquis, Granite, Aquis or Black Diamond Card. Credit is provided by Vanquis Bank Limited.
Representative Example: If you borrow £1000 at a purchase rate of 39.94% p.a.(variable), you will pay 39.9% APR Representative (variable).

Argos | Credit Card

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Aqua
N/A N/A N/A N/A N/A 39.9%Variable
Welcome to aqua Classic  – credit where credit’s due. We take a closer look at applications and pride ourselves in giving people credit when others won't.  An initial credit limit of £100 - £1,600 and a possible increase after 4 months. Flexible payment dates. 51 days interest free credit every month. Representative 39.9% APR (variable). Free aqua Credit Checker, worth up to £80.
Representative Example: If you borrow £1200 at a purchase rate of 39.94% p.a.(variable), you will pay 39.9% APR Representative (variable).

Aqua | Classic Card (39.9%)

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Black Diamond
N/A N/A N/A N/A N/A 59.9%Variable
A great way to build your credit if you're new to credit or want to rebuild your credit. Initial credit limit from £150 to £1,000. No annual or monthly fees. Build your credit limit. Credit has been provided by Vanquis Bank Limited.
Representative Example: If you borrow £1000 at a purchase rate of 59.94% p.a.(variable), you will pay 59.9% APR Representative (variable).

Black Diamond | Credit Card

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MoneyExpert Ltd is a Credit Intermediary and receives commission payments for all credit cards referrals made on our website. This does not apply to Tesco Bank, NatWest and Royal Bank of Scotland. 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.

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