Updated September 29, 2026 · DebitCue Editorial Team
Capital One vs Ocean Finance Card
Capital One
Ocean Finance Card
Higher score in this comparison
Where Capital One and Ocean Finance Card differ
| Compare | Capital OneReviewSee alternativesSee alternatives | Ocean Finance CardReviewSee alternativesSee alternatives |
|---|---|---|
| Annual fee | $0 | £0 |
| APR | 34.9%Lower | 39.9% |
| Rewards type | Cashback | None |
| Balance transfer intro period | 18 monthsHigher | 6 months |
| Balance transfer fee | 3% | 2.9%Lower |
| Credit needed | Excellent | Poor |
| Perks | Free CreditWise credit score and report, Up to 56 days interest free on new spends, Section 75 protection on spends between GBP 100 and GBP 30,000, Up to 2 credit limit increases a year, Free QuickCheck eligibility check with no impact to credit score, Round the clock fraud security | Credit limit of GBP 200 to GBP 8,000, Section 75 protection on purchases between GBP 100 and GBP 30,000, Mobile app to make payments and check balance, Free email and text alerts, Card usable online before the physical card arrives, Eligibility check does not affect credit score, No Apple Pay |
| Currency conversion fee | 0% | Not confirmed |
| Rewards rate | unlimited 1.5% cash back on every purchase | Not confirmed |
| Cashback rate | 1.5% | Not confirmed |
| Regulators | FDIC | Not confirmed |
Same on both: Card kind (Credit).
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Key differences
- Ocean Finance Card scores higher overall: 9.2 vs 9.1.
- Founded is lower at Capital One: 1985 vs 1991.
- APR is lower at Capital One: 34.9% vs 39.9%.
- Balance transfer fee is lower at Ocean Finance Card: 2.9% vs 3%.
- Balance transfer intro period is higher at Capital One: 18 months vs 6 months.
- Perks: only Capital One offers Free CreditWise credit score and report, Up to 56 days interest free on new spends, Section 75 protection on spends between GBP 100 and GBP 30,000.
- Perks: only Ocean Finance Card offers Credit limit of GBP 200 to GBP 8,000, Section 75 protection on purchases between GBP 100 and GBP 30,000, Mobile app to make payments and check balance.
- Support channels: only Ocean Finance Card offers Email.
Our verdict on each
Capital One
Capital One suits spenders who want cashback on everyday purchases with no annual cost while accepting card approval for shoppers with strong credit. You pay currency conversion fees of 0% and face APR of 34.9% if you carry a balance, so clearing in full each month matters most.
Ocean Finance Card
Ocean Finance Card suits applicants with poor credit who want a UK credit card with no annual fee, £0, and a balance transfer option. Borrowing is the expensive part, with 39.9% charged on revolving balances, so the card only pays off if you clear balances or keep them off the card.
Score breakdown
| Area | Capital One | Ocean Finance Card |
|---|---|---|
| Cost | 9.2HigherCost reflects annual fee of $0 plus currency conversion fees of 0%. | 9.0There is no annual fee, £0, and a balance transfer fee of 2.9%, so cost sits in the interest on revolving balances. |
| Offer | 9.4HigherOffer reflects balance transfer intro period of 18 and APR of 34.9%. | 9.3A transfer window of 6 with a 2.9% fee is the only offer, and rewards on spending are none. |
| Trust | 8.9Trust reflects licence FDIC cert 4297 held by Capital One, National Association. | 9.3Higher |
Licences and countries
| Country | Capital One | Ocean Finance Card |
|---|---|---|
| United Kingdom | Not confirmed | Financial Conduct Authority 310069 |
| United States | FDIC FDIC cert 4297 | Not confirmed |
Moving a 3,000 balance
Capital One
90
3% of 3,000
Ocean Finance Card
87
2.9% of 3,000
Ocean Finance Card comes out 3 lower in this example.
Worked out from the stated prices and rates; your own total depends on how you use it. Facts checked September 26, 2026.
If neither fits
HSBC UK has balance transfer intro period at 17 to 36 months, against 18 months for Capital One and 6 months for Ocean Finance Card.
HSBC UK reviewSources behind this comparison
Capital One
- capitalone.com: 10 facts, checked September 29, 2026
- capitalone.co.uk: 4 facts, checked September 26, 2026
- banks.data.fdic.gov: 3 facts, checked September 28, 2026
- en.wikipedia.org: 1 fact, checked September 26, 2026
Ocean Finance Card
- oceanfinance.co.uk: 13 facts, checked September 26, 2026
How they place
| Ranking | Capital One | Ocean Finance Card |
|---|---|---|
| Credit cards | 176 of 1020 | 132 of 1020 |
| Balance transfer cards | 14 of 35 | 6 of 35 |
Every fact side by side
| Fact | Capital One | Ocean Finance Card |
|---|---|---|
| Pricing model | No annual fee | No annual fee |
| Features | Rewards | Not confirmed |
| Legal entity | Capital One, National Association | Intelligent Lending Limited |
| Headquarters | United States | United Kingdom |
| Founded | 1985Lower | 1991 |
| Support channels | Phone, Chat, Help centre | Chat, Phone, Email, Help centreCovers more |
Debit cards
| Fact | Capital One | Ocean Finance Card |
|---|---|---|
| Monthly fee | $0 | Not confirmed |
| Card type | Debit | Not confirmed |
Where each stands against the rest
| Fact | Capital One | Ocean Finance Card | Median |
|---|---|---|---|
| APR | 34.9%highest quarter | 39.9%highest quarter | 19.39% |
| Currency conversion fee | 0%below the median | Not confirmed | 1% |
| Balance transfer intro period | 18 monthsabove the median | 6 monthslowest quarter | 15 months |
| Balance transfer fee | 3%at the median | 2.9%below the median | 3% |
| Cashback rate | 1.5%at the median | Not confirmed | 1.5% |
Median across 312 listed cards.
Pros and cons
Capital One
Pros
- Annual fee of $0 keeps yearly card costs at free while you hold the account.
- Currency conversion fees of 0% keep foreign purchases free of added conversion charges.
- Balance transfer intro period of 18 gives room to spread repayment of moved debt.
Cons
- APR of 34.9% makes carried balances costly, so full repayment matters for value.
- Balance transfer fee of 3% adds cost when you move debt despite the intro period of 18.
Ocean Finance Card
Pros
- The card is built for applicants with poor credit, and the eligibility check does not affect your credit score.
- Purchase protection covers spending inside a range set out in Credit limit of GBP 200 to GBP 8,000, Section 75 protection on purchases between GBP 100 and GBP 30,000 and Mobile app to make payments and check balance, so a supplier that fails to deliver has a claim route.
- Support runs on chat, phone and email, and the mobile app covers payments and balance checks.
Cons
- 39.9% sits above the 34.9% upper end of bad credit cards, so carrying a balance is expensive.
- Rewards on spending are none, so nothing comes back on everyday purchases.
Who each suits
Capital One
Who it suits
- Shoppers who pay in full and want cashback with annual fee of $0 and currency conversion fees of 0%.
- Planners who want a balance transfer intro period of 18 to spread moved debt in a structured way.
Who should look elsewhere
- Carried balances: if you often revolve debt, Oney Préstamos may merit a look because Capital One APR of 34.9% is costly.
- Business money management: if you need invoicing and team controls, Qonto may fit better than a card of debit built around spending.
Ocean Finance Card
Who it suits
- Applicants with poor credit who want a limit without paying an annual fee.
- Borrowers moving a balance who can cover the 2.9% transfer fee and clear it inside the intro period.
- People who put an eligibility check that leaves their credit score alone, and the purchase protection in Credit limit of GBP 200 to GBP 8,000, Section 75 protection on purchases between GBP 100 and GBP 30,000 and Mobile app to make payments and check balance, above cash back.
Who should look elsewhere
- Starling Personal Account Debit Card fits day to day spending from money already in an account, with a borrowing rate of 15% instead of revolving card interest.
- Chime Card (Secured Visa Credit Card) suits customers shopping in the US who want a secured line, with an annual fee of $0.
- Varo Believe Secured Credit Card suits savers who prefer a secured card, with an annual fee of $0.
Current offers
Ocean Finance Card
Current offer
First period offer
0% for 6 months on balance transfers and purchases on the Ocean Credit Card: 0% for 6 months, 2.9% balance transfer fee
Representative 39.9% APR (variable) after the offer, purchase rate 39.94% APR (variable), credit subject to status
Source, checked September 26, 2026
Country by country
| Country | Capital One | Ocean Finance Card |
|---|---|---|
| United Kingdom | No | Yes |
Questions about each
Capital One
Does Capital One charge an annual fee?+
What is the annual fee on Capital One? Annual fee is $0, which means fixed yearly card costs stay at free. You still need to manage APR of 34.9% and balance transfer fee of 3% when you carry or move balances.
What APR does Capital One charge?+
APR is 34.9%. That rate applies when you carry a balance beyond the payment due date. Paying in full each cycle helps you avoid interest and keeps the cashback value intact over time.
Ocean Finance Card
What does it cost to hold the Ocean Finance Card?+
The annual fee is £0, so holding the card costs nothing to run. A balance transfer carries a fee of 2.9%, and anything left on the credit card balance is charged at 39.9% until it is paid.
What rate does the Ocean Finance Card charge?+
The rate is 39.9%, high against the bad credit card group, where the upper quartile sits at 34.9%. Interest only applies to balances you do not clear, so the card costs nothing extra if you pay in full each month.
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Capital One
Ocean Finance Card