Vanquis Bank Chrome Credit Card Review 2022 – Forbes Advisor UK

In the context of the credit builder market, this offer from Vanquis Bank is competitive on both the representative APR and the initial credit limits.

Representative example

The representative APR example gives you an estimate of how much it might cost if you borrowed a certain amount of money. This helps you compare products and provides a guide to the cost of carrying a sale. Your personal offer may vary from the representative APR example.

At an assumed credit limit of £1,200, at a purchase rate of 29.5% per annum (variable), the representative APR is 29.5% (variable). Credit available subject to status.


  • Potential approval with bad credit
  • Chance to build or rebuild your credit score
  • Competitive APR representative for the credit builder market
  • Apply through the eligibility checker without affecting your credit score
  • Application designed to support good card management

The inconvenients

  • Could be offered APR up to 59.9% (variable)
  • No benefits or 0% promotional periods
  • More competitive credit cards may be available

APR Representative

29.50% (variable)

0% promotional period


Minimum monthly repayment



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Main characteristics

  • Credit limits between £250 and £1,500
  • Option to increase credit limit up to a maximum of £4,000
  • Credit limit reviewed every 5 months
  • Minimum monthly repayment of £10


There is no annual fee attached to the Vanquis Bank Chrome Credit Card.

It carries a representative annual interest rate (APR) of 29.5% (variable). However, you may be offered a higher offer depending on your credit score and personal circumstances.

Regardless of your personal APR, this card comes with 56 days interest-free on new purchases. This means that as long as you clear your entire monthly balance during this period, you will not be charged interest. Any late monthly repayments will incur an automatic charge of £12.


As the benefits of this card are its competitive terms in the credit builder space, there are no other rewards to be had. However, if you use this card to its best and improve your credit score, you could qualify for a credit card that offers rewards.


As with any credit card, Chrome from Vanquis Bank offers protection on goods and services you pay for over £100 and up to £30,000.

This safety net is offered via Article 75 of the Consumer Credit Act. The protection applies to the full cost even if you only use your plastic to pay for part of the purchase – such as the deposit – as long as the total purchase amount is still between these two values.

To learn more, read our guide to Section 75 of the Consumer Credit Act.

Will I be eligible?

This credit card offers applicants with less than ideal credit scores initial spending limits ranging from £250 to £1,500, as well as the option to increase your allotted limit up to £4,000 in exchange for responsible use. The card is not available to applicants who are unable to obtain credit due to bankruptcy.

What more do I need to know?

As is typical in the wider credit card market, you will be charged 3% or £3, whichever is greater, for a cash advance (withdrawing cash from an ATM) .

Using this card abroad will cost 2.99% of the sterling value of the transaction.

In addition to the £12 late payment charge, this card incurs a £12 charge if you go over your allocated credit limit, or if a direct debit or check is dishonoured.

For a copy of a statement, it’s £5.

Is this the right card for me?

If you’re looking to build or rebuild your credit score, the Vanquis Chrome might present the perfect tool to get the job done.

However, with a high representative APR of almost 30% (variable), it will only serve you if you pay your balance in full each month and on time. Accumulating debt on any credit builder credit card will cost a considerable amount of interest and could exacerbate the credit problems you already have.

What are my alternatives?

The key features of this card are its broad eligibility criteria, minimum monthly repayment (although you should always aim to pay more) and range of initial credit limits. Nevertheless, always compare the whole market to find out what other manufacturer credit card offers are available.

Note that you can find out if you might qualify for a more attractive traditional credit card without leaving evidence on your credit report by using an eligibility checker.

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