Standard
The Ocean Credit Card is a standard credit card which can be used to improve your credit score over time if used wisely. The credit limit for this card can between £200-£8,000.
Ocean Finance credit cards
Compare a range of credit cards from Ocean Finance
MoneySuperMarket is a credit broker not a lender. You must be 18 or over and a UK resident.
Who is Ocean Finance?
Ocean Finance launched in 1991 and is a fintech business that offers loans, mortgages and credit cards. In 2014, Ocean Finance partnered with Capital One, an American company, to launch the Ocean Credit Card.
What types of cards do Ocean Finance offer?
Ocean Finance offer three types of credit cards:
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Credit builder
If you’re trying to build your credit score, then the Ocean Credit Builder Card could help. This card is aimed at people who want to repair their credit ratings, which can happen if you use the card responsibly.
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Bad credit
Ocean Finance has a credit card for people with low credit scores. As people with poor credit ratings are seen as riskier to lend to, this card has a higher APR and lower credit limit than a standard credit card.
How to pick the best Ocean Finance credit card?
The best Ocean Finance credit card for you will depend on your financial situation and what you want to use the card for. Here are some factors to consider:
APR: APR stands for annual percentage rate. A card’s APR is important because it’s how much it’ll cost you to borrow for the year. Two of the cards Ocean Finance offers are aimed at people with bad credit and so they have higher APRs when compared to a standard card. You should carefully consider whether the APR is affordable for you.
Fees: Credit card charges will contribute to how much it will cost to use the card. Ocean Finance’s credit cards all come without an annual fee. However, balance transfers on the Ocean Credit Card will be subject to a 2.9% fee.
Your credit situation: If you have bad credit then Ocean Finance’s cards could be suitable for you. Ocean Finance’s card for bad credit comes with a relatively low credit limit, up to £1,500. The benefit of a lower credit limit is that it should be easier to manage than a larger credit limit.
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Am I eligible for an Ocean Finance card?
To be eligible for an Ocean Finance card you’ll need to meet the following criteria*:
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Be 18 or older
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Have a permanent UK address
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Have history of managing credit (for an Ocean Credit Card)
How to compare credit cards with MoneySupermarket
Comparing credit cards couldn’t be easier with MoneySuperMarket. Our eligibility checker tool will show you the cards you’re most likely to be approved for – and we'll protect your credit using a soft search.
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Tell us about yourself
We'll ask you a handful of simple questions about you and your financial circumstances, and what you need from a credit card
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We browse the market
We'll sift through dozens of offers from across the market, and show you the cards we think will suit you best
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Pick the card you want
You'll be shown a range of cards, which you'll be able to sort according to APR, features and your chances of being approved
How long does it take to get an Ocean Finance credit card?
Assuming you’re approved, you should receive your Ocean Finance credit card in the post within seven-ten working days.
Can I get an Ocean Finance credit card with bad credit?
You may be able to. Ocean Finance offers credit cards tailored to the needs of people with an impaired credit rating, including credit-builder cards. However, it’s important to note that these will typically feature lower credit limits and higher interest rates than you’d be likely to eligible for if you had a good or excellent credit rating.
Used sensibly and assuming you make all your repayments in full and on time, an Ocean Finance credit builder card can be a good way of improving your credit score.
How can I contact Ocean Finance?
You can reach Capital One, Ocean Finance’s credit-card partner, on 0344 481 2812. Or on +44 1159 938 002 if you’re outside the UK.
Pay off as much as you can – in full if possible
It’s best to pay off your entire credit card balance every month if you can afford to – this way you won’t pay interest and you can avoid building up debt. If you can’t afford to pay off the full balance, you must pay off at least the minimum monthly payment – ideally more.
Don’t miss payments
Avoid missing credit card payments – credit card providers will often charge a penalty if you miss a payment and you also risk harming your credit score.
Set up a direct debit to pay your credit card balance
Setting up a direct debit could be a good way to ensure you pay off at least the minimum amount of your credit balance each month.
Don’t apply for new credit cards too often
Each time you make an application for a credit card, it leaves a record – known as a ‘hard search’ - on your credit report. Too many applications can make lenders think you are in desperate need for credit and your application may be rejected.
Get credit cards that offer rewards
Some credit cards have extra benefits that reward you when you use them a certain way. While some of them can be tempting, it’s better to get a credit card that will give you rewards for the way you spend already.
For example, an airmiles credit card. or one that earns you Avios travel-related points, is only going to be useful if you’re a regular flyer, but if you’re a regular shopper at a particular high street store, there might be a credit card that gives you cashback for shopping there.
Be careful when travelling overseas
If you’re planning to use your credit card overseas, check whether or not you’ll be charged for doing so. Many credit cards charge fees for foreign transactions, so it can be a good idea to look for a card that won’t charge you for using it abroad.
Don’t use your credit card for cash withdrawals
Some credit cards will charge a fee if you use them to take cash out of a cash machine, and on top of that you’ll be charged interest from the moment you receive your money. Avoid using your credit card for cash withdrawals unless it’s an emergency.
Protect yourself from fraud
Credit card fraud, like any fraud, is serious – you should always take care when using your credit card and be careful where you keep it. Never tell anyone your PIN and regularly check your statements every month – or if your credit card has an app, check that regularly - to make sure there are no surprises.
Credit card deals comparison
If you’re applying for a credit card, you might be able to find a better deal if you look through offers from different providers before taking one out. With MoneySuperMarket you’ll be able to search through multiple credit card deals and compare them by a range of factors, including their interest rates and any benefits and rewards they come with.
All you need to do is answer a few questions about yourself and your financial situation, and our Eligibility Checker will show your chances of being accepted for different credit cards. This won’t affect your credit score, so you can run a check without any worries.
Once you know which card you want, you can normally apply by phone, online, or in person if the provider has a high street branch. However, when you do apply, the provider will usually run a hard credit check – which will show up on your credit report – to confirm whether they’ll give you the card. If you’re accepted they’ll tell you your credit limit and interest rate, and soon you’ll be ready to start using your credit card.
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Reviewed on 12 Dec 2025 by
