Do you want to read Ocean Credit Card Review to know that Is it feasible to take a loan from the bank with the minimum interest rate to resolve your financial needs? Do you know the advantages and disadvantages of using Ocean credit card for any purchase or booking?
If you are new to using the credit card, first you have to be aware of what are the advantages and disadvantages that can be faced while using a credit card and then know the % of APR (variable) and get the report of eligible credit through quick check response in few seconds. See Ocean Credit Card reviews which have an initial limit from £200 to £1,500
What is Ocean Credit Card?
The Ocean credit card is issued by Ocean Finance a broker but Capital One is the exclusive lender. The product is meant to give online suppose to those
- Who are struggling to get accepted for a credit card
- Who are new to the UK
- Who has a low income
- Who are self-employed
- Who have a poor credit history
It also gives online support to people who want to take the loan from lenders and who want insurance for their vehicle, home, and life insurance.
The Ocean credit card has an initial limit of £200 to £1,500. This amount depends on your economic situation and credit history. Ocean card’s representative APR is 39.9%. it has no annual fee but if you cross your credit limit you will be charged £12.
Ocean Card Representative Example
On purchases, the standard interest rate is 39.94% p.a (variable) with 39.9% APR Representative variable.
The card gives limited rewards but you can take advantage by free reminder text messages which assist customers to stay on top of account. Ocean credit card also gives the QuickCheck service to check your eligibility for a credit card. This Quick check service will not harm your credit score.
Here you can see how Ocean Credit Card plays a role in increasing the credit score and how you can achieve best deals by repaying the amount in time to secure your credit limit so that you can improve your credit rating.
How does Ocean Credit Card Work?
- Login Ocean online to manage your account.
- It gives one straightforward interest fee to all types of exchanges that you did on your credit card.
- Ocean Credit card can simply oversee credit limits between £ 200 and £ 1,500.
- You can add up to 3 other cardholders and can also keep track your card expenses
- You have a possibility to review your credit limit two times per year.
|Purchase interest p.a||34.9|
|Cash withdrawal APR||34.9|
|Annual card fee||£0|
Ocean Credit Card Representative Example
Assume borrowing of £1,200 for 1 year, at a p.a of 34.94% (variable), representative APR variable 34.9%.
Ocean Credit Card Rewards Details
People with bad credit if meet their repayments on time every month and stay below their credit limit can start to improve their credit rating. People with bad credit can avail up to two optional credit increases per year, subject to eligibility. They will have Email alerts to help stay in control.
Ocean Credit Card Applying Criteria
|Minimum income required to open the account||N/A|
|Can be used for building the credit rating||yes|
|Opening an account by invitation only||yes|
|Account for existing customers only||yes|
|Minimum age to open an account||18|
|Further notes about eligibility||N/A|
Ocean Credit Card Introductory Features
Intro balance transfers
Ocean Card Standard features
Standard Balance Transfers
|Annual Interest||$ 39.94%|
Standard purchases with Credit Card
|Annual interest||$ 39.94%|
Standard Cash Withdrawal with Ocean Card
|Annual interest||$ 39.94|
Other Features of Ocean Credit Card
|Maximum interest fees days||56|
|Days to pay||26|
|Minimum monthly payment %||1.00%|
|Minimum monthly payment £||£ 5|
Ocean Card Charges
|Returned payment fees||£12|
|Late payment fee||£12|
|Exceeding limit fees||£12|
Ocean Credit Card Charges for Foreign Usage
|Foreign usage fee in Europe||£ 2.75 %|
|Foreign usage withdrawal fees worldwide||£ 2.75%|
Ocean Charges for Card Withdrawal
|Charges for cash withdrawals||N/A|
|% of cash withdrawal||£ 3.0%|
|Min charge||£ 3|
How can You manage Ocean Credit Card
You can manage Ocean credit card payments by:
Ocean Credit Card Extra features
Ocean Mobile App
Through the mobile app, you can easily manage your account with your mobile phone anytime, anywhere. The app is available to customers with Digital Banking and the UK or international mobile number in specific countries.
You can get to know about your eligibility within 60 seconds.
Email and Text Alerts
By this feature, you receive email or text alerts that allow you to manage your payments on time and that alerts also permits you to know about your credit limit.
Ocean Joint Account
You can open ocean account as a joint bank account. Two people can manage the finances through this facility. It may be best if you need to make shared payments, e.g. rent household bills, etc.
Pros and Lons of Ocean Credit Card
To better understand the Ocean Credit card lets see some pros and cons of Ocean Credit Card
- Ocean Credit Card facilitates you with step by step instruction so that you can get to know the benefits of using this card and get more rewards.
- Before processing the application, they will examine all the details to know your eligibility and card limit so that you can get the maximum facility.
- Ocean credit card gives a better chance to improve or reconstruct your credit score.
- It is completely safe to apply for a credit card.
- it secures your data from interlopers.
- You can’t access this service without an internet connection.
- If you don’t pay your monthly payments in time or leave any step you may stick at some point.
To summing up, by filling the address that you were living for recent years, work status and pay points of interest should be checked by the group of Ocean Credit Card Reference Agencies so that they know the offers that suit you. In the meantime, it will demonstrate the eligibility of your Ocean credit card value to make utilization of it. Ocean credit card never harms your credit score; however, you have the opportunity to enhance your Credit score rating by utilizing the credit card accurately in your normal life for the better reason.