Vanquis Bank credit card review
What do Vanquis Bank Credit Cards offer?
Vanquis Bank offers a credit card that can help you build up your credit score.
The Vanquis Bank Credit Builder Credit Card is a no-frills option that starts you off with a low credit limit tailored to your circumstances and comes with a representative 34.5% APR.
Credit builder credit cards tend to come with higher APRs, so it's best to pay back anything you spend each month to avoid being stung by interest charges and to help build up a good credit history.
How does Vanquis Bank compare to other providers?
Vanquis Bank achieved a 62% customer score in our latest credit card satisfaction survey, coming joint 26th out of 31 providers, alongside Asda Money, British Airways and TSB.
- Find out more: visit our guide to the best credit card providers to read the full survey results and compare Vanquis Bank's score with other companies
Is Vanquis Bank a good credit card provider?
Our survey also reveals how Vanquis Bank customers rated the provider across the following five categories:
Customer satisfaction category | Vanquis Bank star rating |
---|---|
Customer service | |
Application process | |
Clarity of statement | |
Transparency of charges and penalties | |
Ability to manage account online or via mobile app |
Table notes: star ratings are out of five and show the level of satisfaction for each category. We carry out this survey annually and update our review pages accordingly. Jump to the section on how we review Vanquis Bank to find out more about our research.
Your Vanquis Bank credit card questions answered
Grace, our credit card expert, answers the top questions people have about Vanquis Bank credit cards.
Does Vanquis Bank offer an eligibility check?
Vanquis Bank offers an eligibility checker that can tell you how likely you are to be accepted before you apply.
It does a 'soft search' of your credit file and won't impact your credit rating.
Where can I use my Vanquis Bank credit card?
Vanquis Bank credit cards are issued on the Visa network, so can be used in millions of places in the UK and abroad.
What is the credit limit on Vanquis Bank cards?
Vanquis Bank offers a credit limit of between £500-£1,200 depending on the card you go for and your credit profile.
Is Vanquis Bank safe?
Vanquis Bank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority, so is as safe as other bigger-name credit cards on the market.
If you have a problem you can take your complaint to the Financial Ombudsman, and saving deposits are protected under the Financial Services Compensation Scheme.
How we review Vanquis Bank
Here's some more information about our research and the terms we use in this review.
Customer score
Our customer scores for credit card companies are based on an online survey of 3,775 members of the public, conducted in October 2023.
The score is calculated using a combination of overall satisfaction with the brand and the likelihood of recommending the provider to a friend.
Star ratings
We also ask credit card customers to rate brands on five categories including customer service, application process, clarity of statement, transparency of charges and ability to manage the account online or via a mobile app — so you can get an idea of the quality of service you might receive before you sign up.
Star ratings for each category are calculated independently of each other and the provider customer score.
Providers must receive a minimum sample size of 40 respondents to be included in our customer satisfaction tables.
- Find out more: Which? symbols, logos and ratings explained
Why should you trust Which? research?
We’re not influenced by third parties. We work entirely on behalf of you, the consumer – nobody else. See our statement of editorial independence for more.
Please note that the information in this article is for information purposes only and does not constitute advice. Please refer to the particular terms and conditions of a provider before committing to any financial products.