Updated September 28, 2026 · DebitCue Editorial Team
IDFC FIRST Bank Credit Cards vs Ocean Finance Card
IDFC FIRST Bank Credit Cards
Ocean Finance Card
Higher score in this comparison
IDFC FIRST Bank Credit Cards vs Ocean Finance Card: the differences
| Compare | IDFC FIRST Bank Credit CardsReviewVisitVisit | Ocean Finance CardReviewSee alternativesSee alternatives |
|---|---|---|
| Annual fee | ₹0 | £0 |
| APR | 8.5%Lower | 39.9% |
| Rewards type | Cashback | None |
| Perks | Personal accident cover of INR 200,000, Lost card liability cover of INR 25,000, UPI enabled RuPay credit card auto linked to the IDFC FIRST Bank app, No income proof or credit history required, Fixed deposit keeps earning interest while funding the card, Zero forex markup on international spends, Cash withdrawal interest free for up to 45 days at a nominal fee of INR 199 plus GST | 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 | 1% online up to INR 10,000 per statement cycle, 2% on incremental online spends above INR 10,000, 1% on UPI via the IDFC FIRST Bank app, 1% in-store, 0.5% on select categories, plus 1% bonus on hotel and flight bookings in the app; total capped at INR 500 per statement cycle | Not confirmed |
| Balance transfer intro period | Not confirmed | 6 months |
| Balance transfer fee | Not confirmed | 2.9% |
| Cashback rate | 0.5% to 2% | Not confirmed |
Same on both: Credit needed (Poor), Card kind (Credit).
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Key differences
- Ocean Finance Card scores higher overall: 9.2 vs 8.8.
- Founded is lower at Ocean Finance Card: 1991 vs 2018.
- APR is lower at IDFC FIRST Bank Credit Cards: 8.5% vs 39.9%.
- Perks: only IDFC FIRST Bank Credit Cards offers Personal accident cover of INR 200,000, Lost card liability cover of INR 25,000, UPI enabled RuPay credit card auto linked to the IDFC FIRST Bank app.
- 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 Chat, Email.
Our verdict on each
IDFC FIRST Bank Credit Cards
IDFC FIRST Bank Credit Cards suit adults with poor credit who want a cashback card they can use abroad without extra cost. The annual fee is INR 0 and the currency conversion fee is 0%, so most spending stays fee free.
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 | IDFC FIRST Bank Credit Cards | Ocean Finance Card |
|---|---|---|
| Cost | 9.5HigherAnnual fee of INR 0, APR of 8.5% and currency conversion fee of 0% keep the running costs low. | 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 | 8.9 | 9.3HigherA transfer window of 6 with a 2.9% fee is the only offer, and rewards on spending are none. |
| Trust | 8.1 | 9.3Higher |
Which one suits you
Pick IDFC FIRST Bank Credit Cards if cost and apr matter most.
Pick Ocean Finance Card if offer matter most.
How they place
| Ranking | IDFC FIRST Bank Credit Cards | Ocean Finance Card |
|---|---|---|
| Credit cards | 32 of 1020 | 132 of 1020 |
| Bad credit and credit builder cards | 3 of 23 | 8 of 23 |
Every fact side by side
| Fact | IDFC FIRST Bank Credit Cards | Ocean Finance Card |
|---|---|---|
| Pricing model | No annual fee | No annual fee |
| Features | Rewards, Secured | Not confirmed |
| Legal entity | IDFC FIRST Bank Ltd | Intelligent Lending Limited |
| Headquarters | India | United Kingdom |
| Founded | 2018 | 1991Lower |
| Support channels | Phone, Help centre | Chat, Phone, Email, Help centreCovers more |
Where each stands against the rest
| Fact | IDFC FIRST Bank Credit Cards | Ocean Finance Card | Median |
|---|---|---|---|
| APR | 8.5%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% to 2%above the median | Not confirmed | 1.5 |
Median across 312 listed cards.
Pros and cons
IDFC FIRST Bank Credit Cards
Pros
- Annual fee of INR 0 makes it a no annual fee card, matching no annual fee.
- Currency conversion fee of 0% means international spends carry no extra markup, ahead of the site median of 1%.
- APR of 8.5% sits well under the credit card median of 20.85%.
Cons
- Cashback is capped each statement cycle, so heavy spenders earn less than the headline rate.
- The deposit backing the card keeps earning interest, but the money stays tied up while it funds the limit.
- Support runs on phone and help centre only, so there is no chat or email route listed.
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
IDFC FIRST Bank Credit Cards
Who it suits
- Adults in India with poor credit who need a card without income proof or a credit history.
- Anyone who spends online, on UPI through the app and abroad and wants cashback on it.
- People with a RuPay credit card they want auto linked to the bank app.
Who should look elsewhere
- Frequent cash withdrawers, because cash advances come with a fee and a short interest free window.
- Chasers of points or miles, since the rewards are plain cashback.
- Shoppers who want lounge access or travel insurance benefits in a single fee free card.
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
IDFC FIRST Bank Credit Cards
Current offer
Bonus
Cashback on 1st transaction with the Hello Cashback Credit Card: INR 250
Applies to the first transaction on the Hello Cashback Credit Card; up to 1% cashback on UPI spends
Source, checked September 26, 2026
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 | IDFC FIRST Bank Credit Cards | Ocean Finance Card |
|---|---|---|
| India | Yes | No |
| United Kingdom | No | Yes |
Questions about each
IDFC FIRST Bank Credit Cards
Does this credit card charge an annual fee?+
No. The annual fee is INR 0 and the card is listed as a no annual fee model, so holding it costs nothing across a year. Many cards in the lists are not so lucky, with an annual fee median of €0 and a top quartile of €4.89. A small cashback rate of 0.5% to 2% is the main reward on offer.
What interest rate will I pay if I carry a balance?+
The APR is 8.5%, which is below the credit card median of 20.85% and the site median of 20.97%. It is a low rate for a card aimed at people with poor credit, but it is not a balance free card, so carrying money month to month still costs you. Paying in full avoids the interest entirely.
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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IDFC FIRST Bank Credit Cards
Ocean Finance Card