About Us

• SAV Credit launched the aqua card in 2002 and acquired the marbles brand in October 2007
• The company has been built by an experienced management team from within the credit card industry and has developed the aqua card for the underserved market in the UK. The purchase of marbles extends the company’s market reach and was SAV Credit’s first acquisition
• SAV Credit is owned by its management and a number of large UK and US based private equity investors
• SAV Credit believes there are large numbers of very creditworthy and deserving individuals in the UK who currently do not have access to the benefits of a credit card
• The aqua card is a straightforward credit card that gives customers the credit they need
• Both the aqua and marbles card are issued by Bank of Scotland plc
• Typical APR on the aqua card for new business is 35.9%.

WHY WE ARE DIFFERENT

• SAV Credit through its unique approach to marketing and underwriting is pioneering credit card lending in areas which are largely neglected by traditional providers
• SAV Credit launched the aqua card in 2002 and now has around 150,000 accounts. It acquired around 338,000 accounts which included the  marbles credit card brand in October 2007 from HSBC for £385 million and  539,000 accounts from CitiFinancialEurope in March 2010 for an undisclosed sum
• The acqusitions from HSBC and CitiFinancialEurope enable SAV Credit to extend its considerable experience and expertise in managing  credit card brands
• SAV Credit believes many people have a poor credit rating due to no fault of their own and consequently have difficulty accessing mainstream financial products
• Traditional lenders exclude a large proportion of the population through:
  1. focusing only on those with conventional credit histories
  2. operating rigid credit scoring systems
  3. relying on out-dated risk management procedures and being inflexible
  4. making misguided risk assessments

• SAV Credit aims through its aqua card to enable people to have the opportunity to develop a solid credit history which will allow them to gain access to other financial services. Rates are reduced for those who show an ability to manage credit
• The acquisition of 338,000 accounts from HSBC including the marbles credit card brand enables SAV Credit to expand its coverage of the UK credit card market