Considering an Aqua credit card?
We think you should give Drafty’s line of credit a try instead.
Choose Drafty as an alternative to an Aqua card
Cards like Aqua are designed to help customers build credit. This is especially true for those with a poor credit score or lack of credit history. A popular Aqua card is the Classic, which is a kind of starter card that could help improve your score. There is another card available, the Advance, but this is for those who have an established good credit history – they are rewarded with lower rates.
If you’re approved for an Aqua card, you’ll get an initial credit limit of between £250 and £1,200 and you’ll be sent your credit card in the post, which can take a few days.
But there’s another option. With Drafty being an alternative to the Aqua credit card, you can apply for more money. It’s faster too. In fact, we aim to have the money to your bank within 90 seconds, once approved. So, forget waiting around for the postman when there’s a simpler way.
Why do customers take out cards like Aqua?
Usually, those who apply for credit cards like Aqua do so because they have an urgent or unexpected expense and are struggling with a poor or insufficient credit history. These types of cards can help build credit, leading to increased borrowing and better terms in the future.
A new customer could be offered a credit limit of between £250 and £1,200 to help with those emergency financial situations. But if you have poor credit, you’ll most likely be given the lower end of this limit if you’re approved.
Using your credit card like Aqua in a responsible way could have a positive impact on your credit score, allowing you to build up your history. With Drafty’s line of credit, you’ll get the same benefit but with added advantages.
Depending on your circumstances and affordability, you could borrow up to £3,000 with a line of credit from Drafty. Just like any responsible lender, we will only offer you our line of credit if we know you can afford the repayments.
So, if you’re considering a credit card like Aqua but want more flexibility and an increased limit, don’t be tempted by a loan. Give Drafty a go instead – apply now and see how easy our process is.
Representative 96.2% APR (variable)
Subject to status. T&Cs apply.^
How does Drafty’s alternative to an Aqua card work?
We’re similar to cards like Aqua in that we offer credit to those who need a cash fix. But we’re not a credit card lender and our line of credit is more straightforward to use. Here’s how it works when you apply with Drafty:
- Get a credit limit – If approved, you’ll get a line of credit with a limit of up to £3,000. Think of it as a pot of cash to use as and when you need it. To make it even better, you’ll only pay interest on what you use and there are no hidden fees involved.
- Borrow again – Keep your account in good nick and you can redraw up to your credit limit again, as often as you want.
- Flexible repayments – Keep up with your payments and choose your borrowing term. Stay in control with no late fees and no early repayment fees.
Find out if you could be eligible for Drafty’s line of credit without impacting your credit score.
Representative 96.2% APR (variable)
Subject to status. T&Cs apply.^
Why Drafty’s alternative to an Aqua credit card could suit you better?
We think our line of credit beats cards like Aqua. But, so you can make an informed decision, let’s take a closer look at the benefits of choosing Drafty.
Speed
Like most credit cards, once you’ve been approved for a card like Aqua, you’ll have to wait for the physical card and PIN to arrive in the post before you have access to your cash. If you’re in a tricky situation and need a quick financial fix, you don’t really want to be sitting around waiting for the postman.
Drafty a quick alternative to an Aqua card could get the cash to your bank within 90 seconds of approval, leaving you free to focus on the job at hand.
Borrow on your terms
As Aqua offer credit builder credit cards, you’ll borrow up to a certain limit based on your circumstances. New customers can borrow between £250 and £1,200 with the Classic card, but you won’t enjoy the lower rates that a more premium option offers. Plus, if you have a poor credit history, you’ll most likely end up with the lower limit.
A credit line from Drafty is similar to cards like Aqua because we’ll need to make sure you can afford to pay back what you borrow. But you can apply for up to £3,000 and you’ll only pay interest on what you use. Plus, we like being flexible. Keep to the monthly minimum and the rest of your payment schedule is up to you.
Reuse
Similar to Aqua credit cards, we at Drafty let you borrow up to your credit limit again and again, as long as you keep your account in tip-top shape. No need to reapply and no fuss. Told you we kept things simple.
No fees
We’ve saved the best until last. With Drafty being an alternative to an Aqua card, what you see is what you get. That means no fees whatsoever. You’ll only pay interest on what you use from your credit limit. If you don’t touch the rest, it won’t cost you a thing!
If you decide to go for a credit card like Aqua, however, you could be faced with several extra charges. Late payments and returned payment fees are charged at £12 and there’s also a £12 cost for going over your credit limit. Money and balance transfers will cost you up to 3% or a minimum of £3. What’s more, if you want to withdraw your cash, you’ll pay a fee of 5% (minimum £4).
We won’t charge you for late payments, repaying early or taking out your cash.
Still unsure?
We’re a trusted and responsible lender. We’ve helped thousands of customers get out of a tricky financial situation. But don’t just take our word for it – take a look at our Trustpilot reviews.
So you can make a fair and informed decision, our Compare Loans page includes details about our line of credit in comparison with other lenders. Or you can learn more by reading about Drafty.
If you’re ready, why wait any longer when it’s easy to apply?
Representative 96.2% APR (variable)
Subject to status. T&Cs apply.^
How much does a Drafty line of credit cost?
Now to the nitty gritty. Your line of credit will cost just 0.19% (variable) per day. If you want to see how that translates to real life, take a look at this example:
If you borrow £100 for one month, you’ll pay just £5.70 as interest.
| £100 for | ||
| 1 day | £0.19 | |
| 1 week | £1.33 | |
| 1 month | £5.70 | |
Representative Example: Assumed credit limit: £1200. Representative 96.2% APR (variable). Annual interest rate 69.4% (variable).
Check out our pricing page for more information.
We’re sure you’re now clued up enough about our line of credit to know there are no fees, unlike with credit cards like Aqua. So, if you make a late payment, you won’t be charged. However, to keep your account and credit score in the best possible nick, it’s always a good idea to keep up with your repayments.
How do I apply for a Drafty line of credit?
To apply for our alternative to an Aqua card, you’ll need to meet some simple criteria. You must be:
- A UK resident with an active bank account and debit card
- 18 or over and employed
- Earning at least £1,250 a month
Once we’ve got the details that we need, we’ll check your affordability. If you pass all our checks, we’ll agree to a credit limit with you. You'll then have speedy access to your cash. It’s that simple!
Representative 96.2% APR (variable)
Subject to status. T&Cs apply.^
Contact Drafty today
Need some more information about our alternative to an Aqua credit card? Find out more about Drafty or get in touch. Our FAQs section might also have the answers you’re looking for.
Live chat – Sign in or create a Drafty account for immediate access to our live chat function.
Give us a call – For all queries, you can call us on 0203 695 8072 from 9am to 6pm Monday to Friday and 9am to 1pm on Saturdays.
FAQs
Can I get an Aqua credit card with poor credit?
You might be able to take out an Aqua credit card with a low credit score, but you’ll likely have a lower credit limit and you won’t benefit from their cheapest rates. With Drafty’s line of credit, we’ll assess your application fairly, looking at your overall finances – and, also because we lend responsibly.How much can I borrow with a credit card like Aqua?
An Aqua credit card can give you an initial credit limit of £250 - £1,200. With Drafty’s alternative to an Aqua card, you can borrow up to £3,000 depending on your circumstances. We’ll assess you to make sure you can afford the repayments (we wouldn’t be a responsible lender otherwise!) and you won’t be penalised if you want to repay early. You can’t say fairer than that.Will getting an Aqua credit card affect my credit score?
Using an Aqua credit card in the right way could help improve your credit score. It’s important, though, to manage your repayments and make sure you don’t get into a continuous cycle of borrowing.Drafty’s alternative to an Aqua credit card is, in our opinion, a better option to borrow cash with flexible repayments (as long as you meet the monthly minimum, of course). And if you keep your account looking healthy, you could increase your credit score too.
How do I increase my credit limit with a card like Aqua?
This will depend on the lender, your circumstances and your credit history. Existing customers are likely to be able to apply for a higher limit after a certain period – if repayments have been kept to.With Drafty, we make it simpler. You can borrow again up to your limit whenever you need to, as long as you’ve kept your payments up to date. There’s no need to go through the application process again and you’re free to use as much or as little as you want.
Drafty is an FCA-authorised provider of a Revolving Line of Credit with a credit limit of up to £3000, available to borrow as and when you need it (subject to affordability checks). You only pay interest on what you draw/use.
Representative Example: Assumed credit limit: £1200. Representative 96.2% APR (variable). Annual interest rate 69.4% (variable).
There is no set minimum or maximum repayment term, so long as the minimum monthly repayment sum is met, however, you may repay back early without any fees and save on interest.