![]() While we are independent, the offers that appear on this site are from companies from which receives compensation. May also receive compensation if you click on certain links posted onį is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. Our partners for featured placement of their products or services. While we are independent, we may receive compensation from That aims to provide you with the tools you need to make betterĭecisions. Unsure you should get independent advice before you apply for anyį is an independent comparison platform and information service Service provider and read the information they can provide. We endeavour to ensure that the information on this site is current andĪccurate but you should confirm any information with the product or Offer credit facilities from a panel of lenders. We are a credit broker and not a lender and Frequently asked questionsį Comparison UK Limited (company number: 10482489) isĪuthorised and regulated by the Financial Conduct Authority (firm The Ocean credit card also scored an average 3 out of 5 stars in our 2020 Finder Customer Satisfaction Awards. You’ll have the option of using the Quick check service to find out whether you’re eligible without harming your credit rating. While it unsurprisingly lacks the perks and features of more premium cards, as a “credit-builder” card, it’s more than suitable.Īlthough it comes with a low credit limit of between £200 – £8,000, there’s no annual fee and you could avoid missing a payment with the helpful free text message reminders. If your credit rating is not in the best shape right now but you still need a credit card, the Ocean credit card could be worth a look. ![]() You’ll need to provide your address details for the last three years, and you’ll generally receive a response within one minute. ![]() Before you apply, you can use Ocean’s “QuickCheck” service to find out if you’re likely to get approved. If you’ve compared cards and want to apply, completing the secure online application form takes about 15 minutes. Choose from the following direct debit options for your monthly repayments: Minimum amount more info button The table below shows the options available. You can arrange a direct debit for repayments when you apply for the credit card. Alternatively, you may wish to set up a direct debit.Ī direct debit protects you from forgetting to make a repayment and damaging your credit score – making it harder and more expensive to borrow money in the future – and getting hit with a penalty fee (£12) as a result. You can make manual repayments through Ocean Finance's app by logging in to your online banking or over the phone (01). It's always wise to check the terms of any deal before you borrow. Fees and rates are subject to change without notice. Depending on your personal circumstances, the APR you're offered may be higher, or you may not be offered credit at all. The representative APRs shown represent the interest rate offered to most successful applicants. Why you can trust this reviewĪpproval for any credit card depends on your status. Ocean’s credit card is issued on the Mastercard network, so it’s accepted at more than 35 million merchants and ATMs worldwide. The good news is that if you don’t carry a balance from month to month, you’ll be able to take advantage of up to 56 interest-free days on your purchases, meaning that despite that high rate, the card could cost you nothing. Refreshingly, there’s one single interest rate for all transactions (credit cards typically come with different rates for different parts of your balance, such as cash withdrawals), but, as is normal for cards for bad credit, this rate is relatively high. Ocean is perhaps better known for its loan products, and those who are not existing Ocean customers looking to keep their finances under one roof may struggle to see the appeal of this simple yet potentially expensive card. Provided you use the card responsibly by staying within your credit limit and making at least the minimum repayment on time each month, it can help you to build or rebuild a positive credit history. Your limit will be based on Ocean’s assessment of your circumstances, and this limit can be reviewed twice a year. The Ocean card comes with a credit limit of between £200 and £8,000. ![]() Specialist cards, such as the Ocean credit card, offer more lenient criteria for approval but have higher rates and lower credit limits. If your credit score isn’t high, if you’ve missed repayments in the past or if you’ve had CCJs, getting a credit card can be particularly tricky.
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