Due to tighter lending regulations in the post-crisis epoch, financial products for near-prime consumers are few and far between – meaning consumers who wish to establish a credit history, or improve their credit rating, can be caught short. NewDay estimates that as many as 10m UK citizens fit this bill.

The marbles credit card offers consumers a number of flexible provisions, including the ability to set their own payment dates, and receive spend and payment text alerts throughout the month. Applicants can also use FastCheck, to ascertain whether they will be accepted before applying – without impacting their credit record.

The card offers initial credit limits of between £250 and £1,200, and comes with a representative APR of 33.8 per cent (variable).

“Our research demonstrates that consumers in the near-prime sector are not all the same and have varying needs,” said Rob Holt, director of NewDay.

“The marbles card has been developed specifically for those consumers that want to improve their credit record and remain in control of their finances in order to enjoy the flexibility and benefits that credit provides.

“Having access to credit, but at a responsible limit, and being able to improve or rebuild your credit score is very important given the role of credit in today’s world. This relaunch allows us to continue serving near-prime customers, helping them to manage their money better.”

For information on how a bad credit score affects you, click here. To learn about the ways in which you can improve your credit score, click here.