Vanquis Bank

Vanquis was set up by Provident Financial in 2003 and received authorisation from the Financial Services Authority the following year. It offers credit cards.

Vanquis was initially conceived as a pilot scheme, specialising in credit cards for people with poor credit histories, or no credit history, and it received approval to expand in 2004. 

It remains under ownership of Provident Financial, one of the UK's largest home credit companies.

It is based in London.

Vanquis Bank
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Credit cards

Ranked 28th of 30 providers reviewed.

Customer happiness 54.05%
Customer trust 46.25%
Complaints performance 52.08%
Transparency rating 57.83%
Fairer Finance score
Reviewed Autumn 2021
53%

Credit cards

Credit builder credit cards

Vanquis Bank

Chrome Credit Card

4 stars
Representative APR i 29.50%
Representative cash transaction interest rate i 2.18%
Representative purchase rate i 2.18%
Risk based? i
Initial minimum credit limit i £250
Representative balance transfer rate i 2.18%

Vanquis Bank

Classic

2 stars
Representative APR i 39.90%
Representative cash transaction interest rate i 2.84%
Representative purchase rate i 2.84%
Risk based? i
Initial minimum credit limit i £150
Representative balance transfer rate i 2.84%

Foreign use credit cards

Vanquis Bank

Classic

1 stars
Foreign purchase fee i 2.99%
Foreign withdrawal fee i 2.99%
Representative APR i 39.90%
Number of days before interest is charged on non-sterling cash transactions i 0 days
Risk based? i
Representative purchase rate i 2.84%

Vanquis Bank

Chrome Credit Card

1 stars
Foreign purchase fee i 2.99%
Foreign withdrawal fee i 3%
Representative APR i 29.50%
Number of days before interest is charged on non-sterling cash transactions i 0 days
Risk based? i
Representative purchase rate i 2.18%

Money transfer credit cards

Vanquis Bank

Chrome Credit Card

1 stars
Money transfer rate during promotional period i
Duration of money transfer offer period i
Money transfer fee during promotional period i
Representative APR i 29.50%
Risk based? i
Representative cash transaction interest rate i 2.18%