Updated September 28, 2026 · DebitCue Editorial Team
Ocean Finance Card vs SBI Card
SBI Card
Ocean Finance Card
Higher score in this comparison
Ocean Finance Card vs SBI Card: the differences
| Compare | Ocean Finance CardReviewSee alternativesSee alternatives | SBI CardReviewVisitVisit |
|---|---|---|
| Annual fee | £0 | ₹499 |
| APR | 39.9%Lower | 45% |
| Balance transfer intro period | 6 monthsHigher | 2 months |
| Balance transfer fee | 2.9% | 2%Lower |
| Credit needed | Poor | Excellent |
| Currency conversion fee | Not confirmed | 1.99% to 3.5% |
| Rewards type | None | Not confirmed |
| 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 | 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 8.7.
- Founded is lower at Ocean Finance Card: 1991 vs 1998.
- APR is lower at Ocean Finance Card: 39.9% vs 45%.
- Balance transfer fee is lower at SBI Card: 2% vs 2.9%.
- Balance transfer intro period is higher at Ocean Finance Card: 6 months vs 2 months.
- Support channels: only Ocean Finance Card offers Chat, Email, Help centre.
Our verdict on each
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.
SBI Card
SBI Card suits business users in India who want a Visa credit line and a balance transfer route, though the pricing runs high. The APR of 45% is the figure to weigh, and the annual fee of INR 499 sits on top of it every year.
Score breakdown
| Area | Ocean Finance Card | SBI Card |
|---|---|---|
| Cost | 9.0HigherThere is no annual fee, £0, and a balance transfer fee of 2.9%, so cost sits in the interest on revolving balances. | 8.8Annual fee INR 499 and APR 45% against free annual fees on Wise, £0, and Chime Card, $0. |
| Offer | 9.3HigherA transfer window of 6 with a 2.9% fee is the only offer, and rewards on spending are none. | 8.1The offer is the balance transfer option, fee 2% with an intro period of 2, on Visa network visa. |
| Trust | 9.3Higher | 9.0 |
Positions in our rankings
| Ranking | Ocean Finance Card | SBI Card |
|---|---|---|
| Credit cards | 132 of 1020 | 35 of 1020 |
| Balance transfer cards | 6 of 35 | 1 of 35 |
Moving a 3,000 balance
Ocean Finance Card
87
2.9% of 3,000
SBI Card
60
2% of 3,000
SBI Card comes out 27 lower in this example.
Worked out from the stated prices and rates; your own total depends on how you use it. Facts checked September 26, 2026.
Licences and countries
| Country | Ocean Finance Card | SBI Card |
|---|---|---|
| United Kingdom | Financial Conduct Authority 310069 | Not confirmed |
Additional countries for Ocean Finance Card: 1. Additional countries for SBI Card: 1.
A third option
HSBC UK has balance transfer intro period at 17 to 36 months, against 6 months for Ocean Finance Card and 2 months for SBI Card.
HSBC UK reviewEvery fact side by side
| Fact | Ocean Finance Card | SBI Card |
|---|---|---|
| Pricing model | No annual fee | Not confirmed |
| Features | Not confirmed | Virtual card, Travel |
| Audience | Not confirmed | Business |
| Legal entity | Intelligent Lending Limited | SBI Cards and Payment Services Limited |
| Headquarters | United Kingdom | India |
| Founded | 1991Lower | 1998 |
| Support channels | Chat, Phone, Email, Help centreCovers more | Phone |
Debit cards
| Fact | Ocean Finance Card | SBI Card |
|---|---|---|
| Monthly fee | Not confirmed | ₹0 to ₹9,999 |
| Card network | Not confirmed | Visa |
Where each stands against the rest
| Fact | Ocean Finance Card | SBI Card | Median |
|---|---|---|---|
| APR | 39.9%highest quarter | 45%highest quarter | 19.39% |
| Currency conversion fee | Not confirmed | 1.99% to 3.5%above the median | 1 |
| Balance transfer intro period | 6 monthslowest quarter | 2 monthslowest quarter | 15 months |
| Balance transfer fee | 2.9%below the median | 2%below the median | 3% |
Median across 312 listed cards.
Pros and cons
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.
SBI Card
Pros
- Balance transfers are available, with a fee of 2% over an intro period of 2.
- Runs on the Visa network, so the card is accepted wherever Visa is taken: visa.
- Virtual card and travel features are both listed, which suits spending abroad: virtual card and travel.
Cons
- The APR is 45%, which ranks 123 of 133 brands on rate.
- An annual fee of INR 499 applies, against £0 on Wise and $0 on Chime Card.
- Support runs on phone only, so there is no listed written channel for questions.
Who each suits
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.
SBI Card
Who it suits
- Business owners in India who want a revolving Visa line and a balance transfer route for existing borrowing.
- Travellers who want a business card with travel features from a long established Indian issuer.
- Applicants with an excellent credit history, excellent, who can carry a high APR without strain.
Who should look elsewhere
- Wise, if the annual charge decides it: the annual fee is £0 against INR 499 here.
- Varo Believe Secured Credit Card, whose annual fee is $0, for applicants building a credit history from scratch.
- Chime Card (Secured Visa Credit Card), with an annual fee of $0, if the lowest annual charge matters most.
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 | Ocean Finance Card | SBI Card |
|---|---|---|
| India | No | Yes |
| United Kingdom | Yes | No |
Questions about each
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.
SBI Card
What does an SBI Card cost to hold and borrow on?+
The annual fee is INR 499 on the cards in the range that charge an annual fee, and the APR is 45%. Borrowing at that rate is the main cost, and it sits at 123 of 133 brands in this comparison. Monthly fees run INR 0 to INR 9,999 on top, so the price depends on the card you pick.
What does it cost to spend in another currency?+
Currency conversion fees run 1.99% to 3.5% across the range and apply whenever a purchase is made abroad. Spending in the local currency avoids the conversion charge. Travel features are listed, virtual card and travel, though the conversion rate still applies to foreign transactions on any card in the range.
Other options to compare
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- Ocean Finance Card vs Varo Believe Secured Credit Card
- Ocean Finance Card vs Current Build Card
- Ocean Finance Card vs Current
- Ocean Finance Card vs IDFC FIRST Bank Credit Cards
SBI Card
Ocean Finance Card