Updated September 28, 2026 · DebitCue Editorial Team
Kiwibank vs Ocean Finance Card
Kiwibank
Higher score in this comparison
Ocean Finance Card
Kiwibank vs Ocean Finance Card: the differences
| Compare | KiwibankReviewSee alternativesSee alternatives | Ocean Finance CardReviewSee alternativesSee alternatives |
|---|---|---|
| Annual fee | NZ$0 | £0 |
| APR | 12.9%Lower | 39.9% |
| Balance transfer fee | 1%Lower | 2.9% |
| Perks | 55 days interest free on purchases | 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 | 2.5% | Not confirmed |
| Credit needed | Not confirmed | Poor |
Same on both: Rewards type (None), Balance transfer intro period (6 months), 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
- Founded is lower at Ocean Finance Card: 1991 vs 2001.
- APR is lower at Kiwibank: 12.9% vs 39.9%.
- Balance transfer fee is lower at Kiwibank: 1% vs 2.9%.
- Perks: only Kiwibank offers 55 days interest free on purchases.
- 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
Kiwibank
Kiwibank suits New Zealand customers who already bank with the brand and want everyday spending and borrowing on one relationship. The credit card carries an annual fee of NZD 0 and an APR of 12.9%, so it only suits you if you clear balances rather than carry them.
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 | Kiwibank | Ocean Finance Card |
|---|---|---|
| Cost | 8.8Annual fee NZD 0 and monthly fee NZD 0 sit against a currency conversion fee of 2.5%. | 9.0HigherThere is no annual fee, £0, and a balance transfer fee of 2.9%, so cost sits in the interest on revolving balances. |
| Offer | 9.9Higher | 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 these facts come from
Kiwibank
- kiwibank.co.nz: 7 facts, checked September 26, 2026
- creditcardscompare.co.nz: 3 facts, checked September 26, 2026
- en.wikipedia.org: 3 facts, checked September 26, 2026
- wise.com: 1 fact, checked September 26, 2026
Ocean Finance Card
- oceanfinance.co.uk: 13 facts, checked September 26, 2026
How they place
| Ranking | Kiwibank | Ocean Finance Card |
|---|---|---|
| Credit cards | 130 of 1020 | 132 of 1020 |
| Balance transfer cards | 5 of 35 | 6 of 35 |
Every fact side by side
| Fact | Kiwibank | Ocean Finance Card |
|---|---|---|
| Pricing model | No annual fee | No annual fee |
| Audience | Business | Not confirmed |
| Legal entity | Kiwibank Limited | Intelligent Lending Limited |
| Headquarters | New Zealand | United Kingdom |
| Founded | 2001 | 1991Lower |
| Support channels | Phone, Email, Chat, Help centre | Chat, Phone, Email, Help centre |
Where each stands against the rest
| Fact | Kiwibank | Ocean Finance Card | Median |
|---|---|---|---|
| APR | 12.9%lowest quarter | 39.9%highest quarter | 19.39% |
| Currency conversion fee | 2.5%above the median | Not confirmed | 1% |
| Balance transfer intro period | 6 monthslowest quarter | 6 monthslowest quarter | 15 months |
| Balance transfer fee | 1%lowest quarter | 2.9%below the median | 3% |
Median across 312 listed cards.
Pros and cons
Kiwibank
Pros
- The credit card has an annual fee of NZD 0 and the everyday Visa debit card has a monthly fee of NZD 0
- Purchases get an interest-free period of 55 days interest free on purchases, which suits clearing balances in full each cycle
- Help is offered on phone, email and chat, including phone, email, chat and a help centre
Cons
- The rewards type on the credit card is none, so everyday spending earns nothing back
- The currency conversion fee of 2.5% ranks 192 of 259 brands compared
- A balance transfer charges a fee of 1% and lasts 6, so the saving is short lived
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
Kiwibank
Who it suits
- Kiwibank account holders in New Zealand who want a Visa card for everyday spending with a monthly fee of NZD 0
- People planning a large purchase and paying it off inside the interest-free period of 55 days interest free on purchases
- Business users of a Visa debit card, since the card is aimed at a business audience
Who should look elsewhere
- Travellers who spend abroad often, since the currency conversion fee is 2.5%
- Shoppers who want cashback, since the rewards type is none
- Borrowers carrying a balance past the 6 intro period, who pay 12.9% and might prefer the Varo Believe Secured Credit 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
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 | Kiwibank | Ocean Finance Card |
|---|---|---|
| New Zealand | Yes | No |
| United Kingdom | No | Yes |
Questions about each
Kiwibank
What does it cost to keep a Kiwibank card?+
The credit card has an annual fee of NZD 0 and the everyday Visa debit card has a monthly fee of NZD 0, so holding either costs nothing on its own. Borrowing on the credit card is what costs money, at an APR of 12.9% on any balance you carry.
What is the interest-free period on purchases?+
Purchases get an interest-free period of 55 days interest free on purchases, which is one of the longer runs on the market and suits people who clear the balance each cycle. Any unpaid amount after that period is charged at the standard rate of 12.9%.
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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Kiwibank
Ocean Finance Card