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Ocean Finance Credit Card

Ocean Finance Credit Card
Represent­ative APR (variable) Purchase interest p.a. Cash withdrawal APR Annual card fee
The interest rate for borrowing that at least 51% of the customers accepted will pay.
The annual interest rate you'll pay on new purchases.
The interest rate you'll pay on cash you withdraw from an ATM.
The fee you'll pay for having the card each year, if any.
34.9% APR 34.94% 34.94% £0
  1. This credit card has a high representative APR of 20% or more so borrowing with this card is expensive compared to others.

Reward scheme details

Features a QuickCheck service that tells you before you apply if you will be accepted. This does not affect your credit score. Credit limit up to £1500. Simple online account management as well as on the go with the smartphone app.

Representative Example
Assumed borrowing of £1,200 for 1 year, at a Purchase Rate of 34.94% (variable), representative 34.9% APR (variable). Credit available subject to status.

Ocean Finance customer satisfaction scorecard:

How do we work this out?
Keeping you up to date with new deals Transparency of charges / penalties Online account management Customer service Overall customer score
n/a n/a n/a

Not rated

n/a = sample size is too small.

We have not been able to rate this provider as our customer satisfaction survey didn't generate a big enough sample of its customers but we aim to rate as many providers as possible

Eligibility to open an account

Can be used for building credit rating Yes
Minimum income required to open account Not provided
Opening account is by invitation only No
Account is for existing customers only No
Further notes about eligibility N/A
Minimum age to open an account 18

Intro balance transfers

Rate period 0 months
Annual interest N/A
Fee N/A
Fee min N/A
Fee max N/A
Limit period days N/A

Intro purchases

Rate period 0 months
Annual interest N/A

Standard balance transfers

Annual interest 34.94%
Fee 3.0%
Fee min N/A
Fee max N/A

Standard purchases

Annual interest 34.94%

Standard cash

Annual interest 34.94%

Other features

Repayment details

Maximum interest free days (purchases) 56
Days to pay 26
Monthly payment min % 1.0%
Monthly payment min £ £5

Card charges

Returned payment fee £12
Late payment £12
If you exceed credit limit £12

Foreign usage

Foreign usage fee (Europe) 2.75%
Foreign usage fee (worldwide) 2.75%

Cash withdrawal fees

Charges for cash withdrawals Yes
Cash withdrawal percent 3.0%
Minimum charge £3

Available to manage

Online Yes
Branch No
Telephone Yes

Reward schemes

Reward is charity donation No
Reward is cash back No
Reward is Airmiles No
Reward is points No
Reward is vouchers No
Reward is travel No
Reward is Avios No
Reward is discount No

Repayment note