Ocean Finance Card review
Updated September 28, 2026 · DebitCue Editorial Team · Facts checked September 26, 2026
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Our verdict
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.
Key facts
- Best for
- A UK credit card for applicants with poor credit who want no annual fee.
- Annual fee
- £0 (Source, checked September 26, 2026)
- APR
- 39.9% (Source, checked September 26, 2026)
- Rewards type
- None (Source, checked September 26, 2026)
- Balance transfer intro period
- 6 months (Source, checked September 26, 2026)
- Balance transfer fee
- 2.9% (Source, checked September 26, 2026)
- Credit needed
- Poor (Source, checked September 26, 2026)
- Perks
- 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 (Source, checked September 26, 2026)
- Card kind
- Credit (Source, checked September 26, 2026)
- Legal entity
- Intelligent Lending Limited (Source, checked September 26, 2026)
- Headquarters
- United Kingdom (Source, checked September 26, 2026)
- Founded
- 1991 (Source, checked September 26, 2026)
- Support channels
- Chat, Phone, Email, Help-centre (Source, checked September 26, 2026)
- Pricing model
- No annual fee
- Official website
- oceanfinance.co.uk
Apps and profiles
- Elsewhere
- Xyoutube.com
Pros and cons
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.
- The card is usable online before the physical card arrives, with free email and text alerts.
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 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.
How Ocean Finance Card compares
9.2 vs 9.0
9.2 vs 8.9
9.2 vs 8.8
9.2 vs 9.2
9.2 vs 8.8
9.2 vs 9.4
9.2 vs 8.5
9.2 vs 8.5
9.2 vs 9.0
9.2 vs 8.8
9.2 vs 8.8
9.2 vs 8.7
9.2 vs 9.2
9.2 vs 9.0
9.2 vs 9.5
Ocean Finance Card vs Current Build Card9.2 vs 9.4
9.2 vs 9.4
9.2 vs 9.2
9.2 vs 9.2
9.2 vs 9.1
9.2 vs 9.1
9.2 vs 9.1
9.2 vs 9.1
9.2 vs 8.8
9.2 vs 8.8- 9.2 vs 8.8
- 9.2 vs 8.8
- 9.2 vs 8.8
9.2 vs 8.5
9.2 vs 8.5
9.2 vs 8.5
9.2 vs 8.3
9.2 vs 8.2
9.2 vs 8.0
9.2 vs 8.0
Where Ocean Finance Card is available
- Available
- United Kingdom
- Licence in United Kingdom
- Financial Conduct Authority (310069), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
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.
Does the card offer a balance transfer?+
Yes. The intro period runs 6 and each transfer costs 2.9%. Interest still applies at 39.9% on anything you do not clear inside that window, so the transfer suits a debt you can pay down on schedule.
What credit limit do I get?+
The credit limit sits inside the range given 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, and the card is aimed at applicants with poor credit. Payments and the balance are handled in the mobile app, with free email and text alerts.
Is a purchase protected if the supplier does not deliver?+
The card carries purchase protection on purchases 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. If a supplier fails to deliver and cannot be refunded, that cover gives you a route to claim through the lender rather than through the supplier alone.
Does applying affect my credit score?+
The eligibility check does not affect your credit score, so you can find out whether you qualify without a mark on your file. The card is aimed at applicants with poor credit, and the app is where you check your balance and make payments.
How do I get help and can I pay from my phone?+
Support runs on chat, phone and email, and the mobile app handles payments and balance checks. Apple Pay is not among the card features 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 wallet payments are not part of the setup, though the card is usable online before the physical card arrives.
Who regulates the Ocean Finance Card?+
The card comes from Intelligent Lending Limited, based in Great Britain, and the Financial Conduct Authority is the regulator, with registration 310069. The lender was founded in 1991.
Sources
- oceanfinance.co.uk/about-us checked September 26, 2026
Backs: Founded
“Since 1991.”
- oceanfinance.co.uk/about-us/legal-information checked September 26, 2026
Backs: Headquarters, Legal entity, Licences
“Registered in England and Wales. Registered Office: White Collar Factory, 1 Old Street Yard, London, EC1Y 2AS.”
- oceanfinance.co.uk/credit-cards checked September 26, 2026
Backs: Annual fee, APR, Balance transfer fee, Balance transfer intro period, Card kind, Credit needed, Pricing model, Perks, Rewards type
“No hidden fees, ever”
- oceanfinance.co.uk/help-centre checked September 26, 2026
Backs: Support channels
“Start a chat for instant support”
Compiled from 4 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Currency conversion fee.
Ocean Finance Card
A UK credit card for applicants with poor credit who want no annual fee.