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The
Granite card is another unsecured Visa credit card issued
by Vanquis
Bank and is becoming another popular
choice of card for the first time credit
card user or those with a bad credit
history.
Vanquis
are a company based in the UK who also
have a UK call
centre. The bank was established in
2002 and is part of the Provident
Financial Group. More than 1
million people who are new to credit or have been turned down for credit
in the past have been helped by Vanquis.
The
Granite card is promoted by a company
called MI Money Limited.
How
does it differ from the other Visa credit
card from Vanquis?
The
standard Vanquis
Visa credit card is very similar
to their newer Granite card except that
the Granite Visa card is promoted by
a separate company called MI Money Limited,
has a slightly lower APR of 34.9% compared
to the standard Vanquis Visa APR of
39.9% and offers substantial discounts
at some major UK retailers.
Who
can apply for the Granite Visa credit
card?
Anyone
who is a UK resident and is over 18
years old.
Even
if you've been refused credit in
the past it is still worth applying
for this card.
The
application process takes just a few
minutes. Be sure to have all your
personal, financial and work details
at hand.
It
can take up to 2 weeks to get a decision
on whether or not you have been successful.
You
cannot apply for this Visa card if you
already have a Vanquis issued credit
card.
What
is your credit limit?
Credit
limits start from between £150 and £500
and can rise up to a potential £3000.
Credit
reviews are carried out every 4 months.
Where
can I use my Granite Visa credit card?
You
can use your credit card anywhere Visa is
accepted whether it is at a point of sale terminal,
online or on the phone.
How
do I manage and make payments into my Granite
card account?
The
Granite Visa credit card account can
be managed using a variety of methods.
As
it is issued by Vanquis bank you can
access your account using the Vanquis online site (eVanquis)
where you can view your transactions, account balance
and statements and can make payments to your
account using a debit card.
Payments can also be
made into your account by
using your own bank's online or telephone
banking service and over the counter at a Post
Office or bank or by post using a cheque. Fees
may be charged if paying at the
Post Office or a bank.
If
paying at a Post Office, bank or by
mail (cheque, postal order) then you should use the Giro slip
that is attached to your statement.
You can also call Vanquis
24 hours a day, seven days a week to
check your balance.
You
will also receive a monthly paper statement.
Other
benefits of the Granite credit card:
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