LONDON, June 19, 2012 /PRNewswire/ --
aqua, market leading supplier of credit cards, is launching two new credit cards that provide an advantageous discount rate and cashback for customers who struggle with low credit rating.
From 14th June, two new market changing credit cards for bad credit will be available from aqua. aqua Reward and aqua Advance improve the benefits available to customers who previously been turned down by High Street Banks. aqua's new cards are designed to reward responsible usage of credit cards and rebuild credit for those who may suffer from poor credit history.
aqua Advance offers customers reduced rates of 5% a year for three years providing they meet payments and do not exceed their credit limit, meaning that responsible credit card customers benefit from a 15% reduction overall with aqua. The aqua Reward credit card provides a market-leading annual cash back of 3% paid on all net monthly retail spend capped at £100 a year.
Both of these credit building credit cards are generous in offering a competitive initial representative rate of 34.9% APR and cash advance rate of 39.9% with initial credit limits of up to £1,600.
These additions to the aqua range of credit cards for bad credit are the first launches in SAV Credit's ten year history, reflecting the evolving financial market that the UK is currently faced with. SAV's Chief Executive Officer James Corcoran explained how aqua's credit cards meet market demands and ensure customer value:
"Advance provides a clear route to a strong credit record and competitive rates for people who have had problems while Reward ensures they have the ability to earn cashback on everyday spending on their credit card."
aqua helps their customers to sustain responsible credit usage with the aqua Reward credit card and aqua Advance credit building credit cards through their free SMS text service. Customers providing a mobile phone number automatically receive the service which offers monthly payment reminders and alerts them when they are close to their credit limit.
About SAV Credit and aqua
SAV Credit is the UK's leading specialist card lender and the only company to supply credit cards exclusively to customers who are not served by High Street Banks. With over 500,000 accounts and £500 million in credit card assets under management, SAV Credit is dedicated to promoting affordable, responsible lending. The aqua brand has nearly a decade of experience in providing credit cards for bad credit and individuals who have been turned away by High Street Banks.
Citigate Dewe Rogerson
SOURCE SAV Credit