When reviewing credit cards for bad credit, UK consumers should not overlook the Granite Visa credit card. With a credit limit of up to £500, this card was designed for people with bad credit.
It features a 34.9 percent representative variable APR and the ability to increase the credit limit as early as the fourth statement. This card also includes a rewards program, a feature not found with many bad credit cards.
Unlike many credit rebuilder cards, the Granite card has no annual fee and consumers with CCJs may qualify. An up to 56-day interest free period makes it easier for cardholders to repay outstanding balances without incurring interest charges.
By staying within their credit limit, making payments on time, and limiting other debt, cardholders may qualify for credit limit increases every four months, to a maximum of £3,000.
Fraud and identity theft have become major concerns in the UK. Granite is one of the bad credit credit cards that features free fraud monitoring and chip and PIN technology. Since it is Visa card, it is accepted throughout the UK and abroad and can be used to make purchases online and over the telephone.
The Granite customers service call center is located in the UK for convenience.
Granite Rewards includes exclusive deals from leading retailers in the UK. Participating retailers offer a percentage or money off discount and cardholders are entitled to unlimited rewards. Though new rewards are added each week, some are only available for a limited time so cardholders should visit the Rewards site frequently.
With many more UK consumers experiencing credit issues, credit cards for bad credit are becoming more popular. With bad credit cards, UK consumers can improve their credit history by spending responsibly.
The Granite card is unique because it features a rewards program commonly only offered with conventional credit cards.