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The Aqua Credit Card
The Aqua Credit Card Reviewed
The Aqua Card is a prepaid MasterCard currently available in the U.K. The Aqua Card is accepted world-wide, wherever MasterCard is available. Just like any other prepaid credit card, acceptance is not based on your credit worthiness, rather on deposits you make. A prepaid credit card with Aqua offers advantages and disadvantages to the consumer.
Advantages:
• Worldwide purchasing power wherever MasterCard is accepted
• The ability to for near any adult to qualify; regardless of credit or circumstance
• A credit limit of up to £2,200
• 51 days with interest free credit on any purchases you make if your balance is paid off each month in full
• Monthly flexible payment dates. This enables you to make your billing day on the most convenient day of the month for you, keeping all your bills from hitting your cheque book at once.
• Customer service provided to you 24 hours a day
• Ability to improve your credit rating
Disadvantages:
• You only will have the ability to spend the amount you keep on deposit
• With a typical APR over 35% your interest payments will be more than 1/3rd of your amounts purchased. If you don’t stay pay off your balances each month, the interest will cost you dearly.
• Some retailers which require deposits, such as car rental agencies may reject your Aqua card or charge large deposits. Sometimes the funds from these large deposits will not be released by the company immediately.
Who Can Benefit From Aqua
There are many people who will find the Aqua Prepaid MasterCard an asset to have in their wallet. Travelers will enjoy the peace of mind of not having to carry around large amounts of cash abroad. Parents may find an Aqua Prepaid MasterCard another option to give their kids some spending cash, without the worry of them overspending or losing cash. Anyone who is new to the U.K, and finds themselves without a U.K. based credit rating, will need to explore prepaid options. Aqua MasterCard will qualify you without a credit check, bank account, or employment verification, enabling you to start enjoying the benefits of making card purchases where accepted.
Bottom Line on Aqua
If you need to establish credit, or have no options to get a regular line of credit, Aqua credit card is an option. Just watch those interest rates, manage your payments, and enjoy your ability to make purchases anywhere MasterCard is accepted.
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