Luma Credit Card Review | www.luma.co.uk
It is not clear why this featured product has taken on the position as the core brand, that is evident from the big advertising push. You’d assume that the reason would be Capital One’s market leading status in the profitable subprime sector. Customers can actually source a better deal through their older release. You pay 35.9% APR here whilst through their Vanquis partnership you pay 34.9%. The rate here at 35.9% is a little higher than what their issuer charges at 34.9%. Other specs are matched and so you’ll get a MasterCard with a credit limit between £200 and £1500. It comes in a blue colour whereas Granite is black.
Those with a poor borrowing track record are the target audience here. Qualification is possible with payment arrears, defaults and even CCJs. All applications are processed externally and not through www.luma.co.uk. The Luma credit card login is taken over at www.capitaloneonline.co.uk. The contact times are listed as Monday to Friday between 9am and 5pm. You will actually be dealing with their issuer’s support team though and so although not stated on that side you do receive 24 hour support for general enquiries. There was at one time a 0% introductory deal provided on purchases here, but this promotion is no longer available through the site.
Luma @ 35.9% APR
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