Updated September 28, 2026 · DebitCue Editorial Team
Capitec Bank vs Ocean Finance Card
Capitec Bank
Ocean Finance Card
Higher score in this comparison
Where Capitec Bank and Ocean Finance Card differ
| Compare | Capitec BankReviewSee alternativesSee alternatives | Ocean Finance CardReviewSee alternativesSee alternatives |
|---|---|---|
| Annual fee | ZAR 0 | £0 |
| APR | 9.75%Lower | 39.9% |
| Rewards type | Cashback | None |
| Credit needed | Fair | Poor |
| Perks | Travel insurance, Tap to pay, Virtual cards, Temporary card freeze, Contactless payments | 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 | 0.5% cashback on qualifying purchases (5+ transactions monthly) | Not confirmed |
| Balance transfer intro period | Not confirmed | 6 months |
| Balance transfer fee | Not confirmed | 2.9% |
| Cashback rate | 0.5% | Not confirmed |
Same on both: Card kind (Credit).
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings.
Key differences
- Ocean Finance Card scores higher overall: 9.2 vs 9.1.
- Founded is lower at Ocean Finance Card: 1991 vs 2001.
- APR is lower at Capitec Bank: 9.75% vs 39.9%.
- Perks: only Capitec Bank offers Travel insurance, Tap to pay, Virtual cards.
- 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.
Our verdict on each
Capitec Bank
Capitec Bank suits South African spenders who want everyday spending and borrowing from the same bank, not the lowest monthly cost. Its credit card has an annual fee of ZAR 0 and an APR of 9.75%, while the debit side carries a monthly fee of ZAR 7.50.
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 | Capitec Bank | Ocean Finance Card |
|---|---|---|
| Cost | 9.0The debit account charges ZAR 7.50 a month and free ATM withdrawals sit at ZAR 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 | 9.3 | 9.3A transfer window of 6 with a 2.9% fee is the only offer, and rewards on spending are none. |
| Trust | 9.2 | 9.3Higher |
Where each is licensed and available
| Country | Capitec Bank | Ocean Finance Card |
|---|---|---|
| United Kingdom | Not confirmed | Financial Conduct Authority 310069 |
Additional countries for Capitec Bank: 1. Additional countries for Ocean Finance Card: 1.
How they place
| Ranking | Capitec Bank | Ocean Finance Card |
|---|---|---|
| Credit cards | 154 of 1020 | 132 of 1020 |
| Bad credit and credit builder cards | 11 of 23 | 8 of 23 |
Every fact side by side
| Fact | Capitec Bank | Ocean Finance Card |
|---|---|---|
| Pricing model | No annual fee | No annual fee |
| Features | Travel | Not confirmed |
| Legal entity | Capitec Bank Limited | Intelligent Lending Limited |
| Headquarters | South Africa | United Kingdom |
| Founded | 2001 | 1991Lower |
| Support channels | Phone, Email, Chat, Help centre | Chat, Phone, Email, Help centre |
Where each stands against the rest
| Fact | Capitec Bank | Ocean Finance Card | Median |
|---|---|---|---|
| APR | 9.75%lowest quarter | 39.9%highest quarter | 19.39% |
| Currency conversion fee | 0%below the median | Not confirmed | 1% |
| Balance transfer intro period | Not confirmed | 6 monthslowest quarter | 15 months |
| Balance transfer fee | Not confirmed | 2.9%below the median | 3% |
| Cashback rate | 0.5%lowest quarter | Not confirmed | 1.5% |
Median across 312 listed cards.
Pros and cons
Capitec Bank
Pros
- Currency conversion costs 0%, so spending in another currency adds no fee on top of the rate.
- Cashback of 0.5% on qualifying purchases, once a set number of transactions go through each month.
- Perks run to travel insurance, tap to pay and virtual cards, covering both everyday payments and travel.
Cons
- The debit account charges ZAR 7.50 a month, where the site median is €0.
- Free ATM withdrawals are set at ZAR 0, so cash machine use is not covered.
- Cashback of 0.5% applies only once a set number of transactions go through each month.
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
Capitec Bank
Who it suits
- South African residents who want debit spending and a credit card from the same bank, run by Capitec Bank Limited.
- People who pay in other currencies, since the conversion fee is 0%.
- Cardholders who want travel cover, with travel insurance among travel insurance, tap to pay and virtual cards.
Who should look elsewhere
- Readers who want no monthly account charge: Wise charges £0.
- Borrowers who want a secured card rather than a debit card: Varo Believe Secured Credit Card charges $0.
- Shoppers who want a Visa network: Chime Card charges $0, where this card runs on mastercard.
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 | Capitec Bank | Ocean Finance Card |
|---|---|---|
| South Africa | Yes | No |
| United Kingdom | No | Yes |
Questions about each
Capitec Bank
How much does the Capitec Bank debit account cost each month?+
The debit side charges a monthly fee of ZAR 7.50. That sits above the site median of €0, so the account is not the cheapest place to hold everyday spending money. The credit card is a separate product, billed on its own terms.
What does the Capitec Bank credit card charge in fees and interest?+
The credit card has an annual fee of ZAR 0 and an APR of 9.75%, and it runs on the no annual fee model. The debit account is a separate product billed at ZAR 7.50 a month, so opening both means paying both.
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.
Other options to compare
Other matchups
- Capitec Bank vs Petal
- Capitec Bank vs Capital One UK
- Capitec Bank vs Aqua Card
- Ocean Finance Card vs Petal
- Ocean Finance Card vs Varo Visa® Debit Card
- Ocean Finance Card vs Varo Believe Secured Credit Card
- Ocean Finance Card vs Virgin Money
- Capitec Bank vs Current Build Card
- Ocean Finance Card vs Current
- Capitec Bank vs IDFC FIRST Bank Credit Cards
- Ocean Finance Card vs SBI Card
Capitec Bank
Ocean Finance Card