Your credit score or your missed repayments in the past or your CCJs can make it tricky to get a credit card but Think Money credit card and Aqua credit card offers you kinder criteria for approval in return for owing credit limits and higher rates. Think Money is basically known for Think Money loan products and Think Money’s current account.
Think Money is issued by the Mastercard network and is accepted at more than 35 million ATMs and merchants worldwide. It is by Capital One for people who have a bad credit score.
Let’s understand how it is different from ordinary credit or debit cards. This United Kingdom-based banking service and initially offers a current account for a salaried person only.
Additionally, it has no transaction or any other hidden charges. They divided customer money into two parts, one for paying utilities which are fixed and necessary to pay every month and other is for general daily expenses which are not fixed and can vary.
Think Money Current Account
After opening an account, one can apply for a loan from £300 to £1,500 for only 6 to 12 months and can pay it back in monthly. By this, you will have access to UK-based money managers that will help you to keep on top of your expenses to improve your credit score.
Yet, the Think Money current account will charge £10 for single use and £15 for Think Money joint bank accounts on monthly basis, but they could take customers that have a CCJ, missed repayments or have or defaults on their credit history.
Apply for Think Money Credit Card
Procedure to apply credit card is very easy but you should be the residence of the UK with a proper identity card holder and over 18 and able to provide proof of identity and address.
You can also apply online if you can provide all the necessary documents. Permanent Address and proof of living are very important for the approval of your card.
Not the only salaried person with fix monthly income can get this opportunity but also Self-employed can by providing all essentials. If you are already running another current account and want to switch into Think Monkey, this option is also available.
By filling out the simple form and provide some documents you can easily switch to Think Money. Although they charge some amount to provide services, this includes all smart handling of your cash over the months with alerts and notification about each and every movement of your cash. They also provide loan services to their Golden customers with minimum markup and terms.
Besides all the facilities, they
It is very easy to use and available on both Android and Apple devices. Videos available to guide the customers on how to make them and manage their accounts online. The app is very easy and secure. You only need to put Email, Username, Passcode, and Password.
Think Money Contactless Card
In March 2018, Think Money introduced contactless card, which offers the latest technology to handle all transaction in a more easy way. Using this contactless card provides more comfort and satisfaction to the customers.
Their features offer risk-free transaction with fewer chances of fraud. Anybody use this facility whose transaction amount is 30 UK Pounds or less. You just need the pin to use this. You just need to tap your card with a card reader and transaction activity shows immediately if you use the online app and activated your alerts and notifications for any movement of your card.
Another smart cash control tool used is the card limit. Initially, it’s limit of £200 to 500 and gradually as per their history and flow of cash they can increase this annually. But the limit starts from 200 and end up to 1500.
Limit purely depends upon the history, short credit history decrease the chances of limits extension while the strong history increase these changes accordingly
Think Money Credit Card Details
|Annual/Monthly Fees||€ 0|
|Balance transfer Fees||3%|
|Purchase Interest Free Period||Up to 56 days|
|Additional card available||3|
|Min. Credit Limit||€ 200|
|Max. Credit Limit||Subject to Status:1,500 € |
Think Money Highlights
- No hidden charges or fees
- Credit building account
- 24/7 online contact
- Account management app
- No credit checks for account
- Money managers to help your budget
- Suitable for people with bad credit scores
Think Money Fees
- Maximum APR %
- £0 Early repayment fees
- £0 Arrangement fee
- £0 Late payment fees
If you want help with managing your finances and money, then Think Money is can be best for you. However, it offers loans and current accounts at a much cheaper rate before applying, compares your options.
Lisa is a passionate travelers. She spends 3 months every year visiting different places worldwide. She has visited almost every famous place in the world. She herself is an affiliate blogger