Granite Credit Card
From Vanquis Bank
Summary
Granite Credit Card is provided by Vanquis Bank.
The representative APR is 34.9%APR variable.
Granite Credit Card is one of the few credit cards designed specifically for people that have either never had credit, or have had credit problems (like CCJs and defaults) in the past.
This means that this card may be a good option, if you have a poor credit rating or have recently been declined by other card providers.
The representative APR is 34.9%APR variable.
Granite Credit Card is one of the few credit cards designed specifically for people that have either never had credit, or have had credit problems (like CCJs and defaults) in the past.
This means that this card may be a good option, if you have a poor credit rating or have recently been declined by other card providers.
How long will it take to repay with the Granite Credit Card
Fixed payment
By switching to the Granite Credit Card, you could pay off £1000 in by budgeting £50 each month. This would effectively cost you £50.
Minimum payment
By comparison, if you only make the minimum payment each month, it would take 15 years and 0 months to repay, costing you a total of £3,079 on top of the original balance!
If this seems high, that's because your minimum payment is calculated as a percentage of your balance. This means each payment will be slightly lower than the month before which will have less effect on clearing your balance. So be smart and pay as much as you can afford!
Customer reviews (1)
"Works fine - just pay off the balance"
Granite works fine for me, not had any problems so far. UK call centre picks up the phone pretty quickly when I needed to call (lost my card). It comes with rewards program which isn't bad too. Card looks good in the flesh too.
Interest rate is sky high of course but basically the same as the rest if you've got bad credit. Just pay off every month and no problem.
Rates & Charges
Introductory rates
Balance transfers
Not available
Balance transfer fee
Not available
Purchases
Not available
Ongoing rates
Typical APR
Balance transfer rate
Not available
Balance transfer fee
Not available
Balance transfer limit
Unknown
Cash advance rate
44.9%
Fees and Charges
Annual fee
£0
Cash advances
3% or £3 minimum 79 cards better than this
Foreign currency transactions
Late payment fee
£12
Over limit fee
£12
Returned payment fee
£12
Insurance and Protection
Payment protection
Payment protection
Free warranty cover
Free price protection insurance
Online fraud protection
Online fraud protection
Travel insurance
Lost luggage cover
Travel delay insurance
Travel insurance upgrade
Requirements to qualify
Minimum credit history
Poor
Minimum age
18
Minimum income
£4,000.00
Must be employed
No
Repayment
Interest charged from
Transaction
Interest-free period
56 days
Interest-free period on cash advances
None
Time to make payment after statement date
25 days
Minimum payment
3.5% of balance or £10
Payment by direct debit
Available
Rewards
Not available
Better deals on balance transfers
Better deals on purchases
Other cards from this provider
