Very Credit Card Review: Is Very.co.uk Legit?
| Feature | Detail |
|---|---|
| Issuer | Capital One (Europe) plc |
| Broker | Shop Direct Finance Company Limited |
| Credit Limit | Up to £1,500 |
| APR | Representative 39.9% APR Variable |
| Initial Offer | £10 back on first Very.co.uk order |
| Account Management | Online |
| Eligibility | 18+ years, not bankrupt for the last 12 months |
| Foreign Usage Charge | Yes, additional charges may apply |
| Fraud Protection | Yes, measures are in place |
Very.co.uk is an online store in the UK that works with Capital One to give the Very Credit Card, a shop card. This card is only for those people in the UK who shop at Very a lot. I am giving a Very Credit Card Review and I will also talk about very credit card eligibility criteria,interest rate benefits and drawbacks and a lot of other information.
Eligibility and Application Process
The process for applying for a Very Credit Card is very easy. But in order to be qualified, you must:
- Live in the UK and be at least 18 years old
- Have very good credit (many lenders have different minimums)
- They check with Capital One to see if you can pay for it or not.
The webpage for Very lets you apply for the card online. You will have to give some of your basic information like your name, home, income, and where you work. Then, Capital One will check your credit to see if you are eligible or not.
Important things to note: During the original eligibility check, most of the time a soft background check is done. There is no record of this check on your credit report. If your application moves forward, a hard credit check will need to be done, which may have a very small effect on your credit score.
Interest Rates and Fees
The annual percentage rate (APR) for the Very credit card changes every year. It means the interest rate you pay can change, It is based on the market and your own reputation. If you buy something with the Very Credit Card in April 2024, the APR is between 24.9% and 39.9%, but this can change in the future.
Here is some information about the fees with the Very Credit Card:
- Fees Every Year: The Very Credit Card does not charge a fee every year.
- Purchase Interest: After the interest free period (if there is one), any amount that is still due gets interest added to it.
- Cash Advance Fee: You need to pay a cash advance fee. This fee is a percentage of the amount you withdraw.
- Late Payment Fee: You have to pay a late payment fee if you do not make your minimum payment by the due date.
Before you apply for this credit card, it is very important to know about these fees and interest rates.
Benefits of Very Credit Card
- Discounts and Some Special Offers: People who have a Very.co.uk credit card are able to get some special discounts and deals on their orders.
- Interest-Free Period: If you are new to this credit card, you can get an introductory interest free period on your purchases. You can spread out the cost of your purchases over time without having to pay interest during that time.
- Building Credit Score: If you use your Very Credit Card very responsibly and pay it back on time that can help you build your credit score.
Drawbacks of Very Credit Card
- Interest Rates That Are Too High: The APR on the Very Credit Card is very higher than some other credit cards.
- Not All Stores Accept It: The Very Credit Card can only be used at Very.co.uk. It is more likely that some stores or internet shops would not take it.
- Temptation to Overspend: It is very easy to get credit, which can make you want to spend more than you need to.
Customer Service and Support: How to Contact
Capital One gives very good customer service to people who have the Very Credit Card. Their website has a very good email system, and a phone number is one way to contact them.
For customer help at Very Credit Card, here are some ways:
- Website: capitalone.co.uk/creditcards/sign-in
- Secure Messaging: You need to login to your Very Credit Card account online to access this secure messaging.
- Phone: 0345 606 0345
Some Last Lines
If you use some discounts and special offers and pay your amount in full every month to avoid interest charges. There are some problems like the high interest rates and limited acceptance.
You can also look at some other choices, like regular credit cards or debit cards, to see which one is good for your needs. And remember that using credit cards wisely is very important if you want to get out of debt and keep your credit score very high.
Something Important: My blog post is just for your information and should not be taken as financial help. Before you make any financial decisions, you should always do your own research and talk to a professional.
If you need more detail and information, you can visit the Very Credit Card Official Website.
If you need more credit card details in Uk you can visit some more pages of this websites