Vanquis Bank presents a unique opportunity for new cardholders – earn a £25 credit simply by signing up and making a purchase as small as £1.
With a history of extending credit to individuals who face challenges in securing it from mainstream lenders, Vanquis aims to help customers improve their credit scores.
This offer is designed to be accessible to a broad range of individuals, making it an advantageous choice for many.
Disclaimer: This post may contain affiliate or referral links that earn me some commission if you sign up through them. However, this is at no extra cost to you. Read more here. Thank you if you do use them as they help to support my blog.
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How to Claim the Vanquis Refer a Friend £25
Signing up for a Vanquis credit card can be a straightforward process.
To accommodate different preferences, I’ve provided two types of instructions below. First, you’ll find a concise guide for those who prefer simplicity.
Following that, I’ve detailed each step for those who appreciate more comprehensive instructions.”
Refer a Friend £25 Instructions
The sign up process is super quick and easy:
- Sign up for a Vanquis card through this referral link.
- Receive and activate your new card.
- Spend at least £1 with your new card within 90 days.
- Wait for the £25 credit to arrive in your account.
Sign up to Vanquis here.
Be aware that applying for this card will require a credit check. (See below for more info on this).
Detailed Refer a Friend to Vanquis Steps
Here are slightly more in-depth steps to claim your free £25. The initial sign up is really simple and quick.
- Sign up for a Vanquis card: Click on the referral link provided by an existing Vanquis cardholder. This will take you to the Vanquis Bank’s application page. Fill out the application form and submit it.
- Receive and activate your new card: If your application is successful, Vanquis will send you a new Visa card along with a unique PIN number. Upon receiving it, you’ll need to activate your card, which usually involves a quick phone call or an online verification process.
- Spend at least £1 with your new card: To qualify for the £25 reward, you must make at least one transaction using your new card within 90 days of application. It can be as little as £1, for instance, you could buy a £1 Amazon gift card or anything else that you may need.
- Wait for the £25 credit to arrive in your account: After you make your first transaction, Vanquis will credit £25 to your account. This process can take up to 45 working days after your transaction.
In my case the free £25 was credited the day after I spend £5 on an Amazon voucher.
Remember, the reward cannot be used to cover the minimum payment due on your account, and be mindful of the impact that applying for new credit can have on your credit score, particularly if you’re planning to apply for a major financial product like a mortgage in the near future.
Understanding Credit Checks When Applying for a Vanquis Credit Card
Applying for a credit card involves what’s known as a credit check, which can impact your credit score.
If you’re new to the world of credit cards, this is an important aspect to understand.
A credit check is a review of your financial history that lenders use to assess how risky it would be to lend to you.
When you apply for a credit card, the card issuer will perform a ‘hard’ credit check.
This means the check will leave a mark on your credit record that other lenders can see.
Too many hard checks in a short time period can lower your credit score and make it more challenging to get approved for credit in the future.
That’s why it’s wise to consider the impact of a credit check when applying for a credit card.
Try to space out your credit card applications and only apply when you really need one and be especially careful if you are looking to take out a mortgage.
I keep an eye on my credit score via MSE Credit Club, which is free.
You can read more here: MSE check Credit report for free.
Recommend a Friend to Vanquis
Vanquis Bank offers a rewarding way for existing cardholders to share the benefits of their service with friends and family.
If you’re a current Vanquis cardholder, the “Recommend a Friend” programme allows you to refer others to sign up for their own Vanquis card.
Once your friend successfully applies through your referral link, activates their new card, and makes their first transaction, both of you stand to gain. You and your referred friend will each receive a £25 credit to your Vanquis account.
This programme not only helps your friends access a reliable credit card service but also offers a financial benefit for you and your friend.
Remember to share your unique referral link responsibly, as per the terms and conditions of the programme.
It’s a great way to enhance your Vanquis experience while helping others do the same.
You can find full Vanquis Refer a Friend T&C’s here.
Who is Vanuquis Bank For?
Vanquis Bank, established in 1880 , is a notable financial institution formerly known as Provident Financial plc, and is recognized for its strong commitment to serving those overlooked by traditional lenders.
Initially founded to facilitate access to finance and goods, today it continues to support approximately 1.7 million customers.
With its roots in offering credit cards and loans, it has become a significant player particularly in the credit card market.
Vanquis primarily caters to individuals who might struggle to get serviced by mainstream lenders, providing them with opportunities to build and improve their credit.
So, if you’re seeking accessible financial services, especially if you’ve faced challenges with credit approval in the past, Vanquis Bank could be an appropriate choice.
However, note, in targeting such a market, the risk is higher and hence the APR and any interest incurred should you not repay the loans in full will be much higher than some alternative credit card options.
Vanquis Reviews and Ratings
The Vanquis sign up is super quick and easy process.
The same goes for the Vanquis app, which is very easy to use and navigate.
Don’t just take my word for it, as you can see from the screenshot below the app has tens of thousands positive reviews.
Claiming this free £25 refer a friend offer is relatively quick and easy way to make £25, and perhaps £75 to the household if you refer a partner, as you’d both get an extra £25.
Although you don’t need to keep using the credit card after completing the offer and spending your reward, if you do continue to use, please use responsibly. Remember the interest rate on any credit card are extremely high, especially in this case.