Updated September 29, 2026 · DebitCue Editorial Team
Petal vs Ocean Finance Card
Petal
Higher score in this comparison
Ocean Finance Card
Where Petal and Ocean Finance Card differ
| Compare | PetalReviewSee alternativesSee alternatives | Ocean Finance CardReviewSee alternativesSee alternatives |
|---|---|---|
| Annual fee | $0 | £0 |
| APR | 28.24% to 33.24%Lower | 39.9% |
| Rewards type | Cashback | None |
| Perks | No foreign transaction fees, Cash back at select national merchants, Leap program path to a credit line increase, In app credit score tracking, Card freeze and fraud detection, Reports to the major credit bureaus, Contactless payment and mobile wallet support | 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% - 10% cash back at select national merchants, personalised offers | Not confirmed |
| Balance transfer intro period | Not confirmed | 6 months |
| Balance transfer fee | Not confirmed | 2.9% |
Same on both: Credit needed (Poor), Card kind (Credit).
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Key differences
- Petal scores higher overall: 9.3 vs 9.2.
- APR is lower at Petal: 28.24% to 33.24% vs 39.9%.
- Perks: only Petal offers No foreign transaction fees, Cash back at select national merchants, Leap program path to a credit line increase.
- 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.
Our verdict on each
Petal
Petal is a US credit card for people with poor credit who want no annual fee and no foreign transaction fee, and the trade-off is interest at 28.24% to 33.24%. Support runs on email, phone and help centre, and the card runs on visa abroad.
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 | Petal | Ocean Finance Card |
|---|---|---|
| Cost | 9.4HigherAnnual fee of $0, monthly fee of $0 and currency conversion fee of 0% on the travel card. | 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 | 9.2 | 9.3HigherA transfer window of 6 with a 2.9% fee is the only offer, and rewards on spending are none. |
| Trust | Not confirmed | 9.3 |
Licences and countries
| Country | Petal | Ocean Finance Card |
|---|---|---|
| United Kingdom | Not confirmed | Financial Conduct Authority 310069 |
| United States | NMLS (NMLS Consumer Access) 2295169 | Not confirmed |
Additional countries for Petal: 1. Additional countries for Ocean Finance Card: 1.
How they place
| Ranking | Petal | Ocean Finance Card |
|---|---|---|
| Credit cards | 102 of 1020 | 132 of 1020 |
| Bad credit and credit builder cards | 5 of 23 | 8 of 23 |
Every fact side by side
| Fact | Petal | Ocean Finance Card |
|---|---|---|
| Pricing model | No annual fee | No annual fee |
| Features | Travel | Not confirmed |
| Legal entity | Tilt Card, Inc. | Intelligent Lending Limited |
| Headquarters | United States | United Kingdom |
| Founded | Not confirmed | 1991 |
| Support channels | Email, Phone, Help centre | Chat, Phone, Email, Help centreCovers more |
Where each stands against the rest
| Fact | Petal | Ocean Finance Card | Median |
|---|---|---|---|
| APR | 28.24% to 33.24%highest 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% |
Median across 312 listed cards.
Pros and cons
Petal
Pros
- Annual fee of $0 and monthly fee of $0 on the travel card
- Currency conversion fee of 0%, ranked 1 of 259 brands
- Cash back of 1% to 1.5% at select national merchants
Cons
- Interest runs at 28.24% to 33.24%, above the 20.45% typical for travel cards
- A credit card, so a balance left unpaid accrues interest at 28.24% to 33.24%
- Cash back is personalised, so the rate earned at each merchant varies
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
Petal
Who it suits
- People with poor credit who are starting to build a credit history
- US customers who travel and pay in foreign currency
- Cardholders who want cash back at select national merchants
Who should look elsewhere
- People who want a debit card for everyday spending from a balance
- Anyone who needs low interest, since the rate is 28.24% to 33.24%
- Wise, Bitpanda and Starling Personal Account Debit Card suit readers who want a debit card rather than credit
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
Petal
Current offer
Bonus
Cash back at select national merchants: 1% - 10% cash back
Personalized offers that vary through the year; must meet the individual offer terms; in the past six months Petal members received at least one cash back offer from an advertised merchant; on Petal 2 card page, alongside 1% - 1.5% cash back on everyday purchases.
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 | Petal | Ocean Finance Card |
|---|---|---|
| United Kingdom | No | Yes |
| United States | Yes | No |
Questions about each
Petal
Does Petal charge an annual fee?+
No. The annual fee is $0 and the monthly fee on the travel card is $0. Petal is listed as a no annual fee card. There is no charge for holding the card, so the only real cost to watch is interest on a balance.
What interest does Petal charge?+
The rate is 28.24% to 33.24%, which sits above the 20.97% site median and the 24.74% median for no foreign fee cards. Since it is a credit card, a balance left unpaid will cost money, so clear it in full each month.
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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Petal
Ocean Finance Card