Ocean Credit Card – Benefits, Features, Fees

Ocean Credit Card: In today’s busy life, credit card plays a vital role in our life, and it’s a very good financial tool to buy things smartly. One such credit card is Ocean Credit Card, best known for its exclusive benefits and simple eligibility criteria. In this article, we will explore all the benefits and features of Ocean Credit Card; this will help you understand better.

Ocean Credit Card in the U.K.

Mostly the Ocean Credit Card is used by the residents of the U.K. due to its accessibility and amazing features. The Ocean Credit Card is also approved for low credit scores and is the best credit card for improving credit scores.

Ocean Credit Card APR

The Annual Percentage (APR) for the Ocean Credit Card may vary because this is based on individual persons’ creditworthiness. But be aware of your credit card’s APR because it impacts the interest on unpaid bills.

  • Regular Purchase APR: 16.49% variable based on creditworthiness and the Prime Rate
  • Balance Transfer APR: 16.49% variable based on creditworthiness and the Prime Rate
  • Cash Advance APR: 26.49% variable based on the Prime Rate
  • Intro Purchase APR: 0% for 12 months from the account opening date

Ocean Credit Card App

The Ocean Credit Card App is available for both Android and iOS users. The Ocean Credit Card App provides a seamless and user-friendly interface for customers. The design of this credit card is also unique and helps you to manage your credit card more efficiently. You can check your account balance, make payments, check your transaction history, and keep an eye on your expenses to limit your credit utilization ratio.

Features of Ocean Credit Card

  • Specially designed for people with low credit scores, including those with past CCJs.
  • Credit limits range between £200 to £1,500
  • Quick response to your application in 1 minute.
  • Only a 3% fee on balance transfers.

Applying for the Ocean Credit Card

The online application process for the Ocean Credit Card is straightforward:

  1. Check Eligibility: Before applying for the Ocean Credit Card, you must check your eligibility with the help of the eligibility tool checker. This is a simple process and does not affect your credit score.
  2. Visit the Website: Find the online application button on the official website.
  3. Fill Out the Application: You must fill out the online application form. Just provide your basic details like your full name, date of birth, current address, previous address, and income details.
  4. Review Your Details: Make sure all the information you have provided is accurate and current if any discrepancies delay the process or decline your application.
  5. Submit the Application: Submit your application form after checking all the information.
  6. Wait for the Decision: Ocean credit card provides an instant decision. But in some cases, it may take some time.
  7. Follow Instructions: If your application is approved, you must follow all the instructions provided by the bank to set up your online account and receive the physical credit card.
  8. Activate Your Card: After receiving your credit card at home, activate it by following the instructions in the welcome kit.
ocean credit card

Checking Your Ocean Credit Card Application Status

After successfully submitting your online application form, you can check your application status via the official website or with the help of an app. With the help of an app and website, you can track your application process. You will know exactly the credit card approval status and dispatched date.

Check this also: Hatch Business Credit Card

Ocean Credit Card Benefits

  1. Inclusive Eligibility: The Ocean Credit Card accepts applications with low credit scores and provides an opportunity to rebuild their credit scores.
  2. Easy Application Process: The online application process, if simple, often provides instant decisions on the application.
  3. Flexible Payment Options: Ocean Credit Card offers multiple payment options via the mobile App, online banking, and phone.
  4. No Annual Fee: The Ocean Credit Card is free; there is no annual fee. That’s why a credit card is cost-effective for many cardholders.
  5. Free Monthly Credit Score Summaries: You will get free monthly credit report summaries. This helps users to check and improve their credit scores.
  6. Mastercard® Airport Concierge: 15% savings on airport meet and greet services. 
  7. Purchase Protection: The Ocean Credit Card also offers purchase protection. It provides coverage for stolen or damaged goods bought with the card.
  8. Customer Support: The customer service of Ocean Credit Card is also good. The representatives will assist you with any queries and concerns.
  9. User-Friendly Mobile App: The Mobile app provides all the information about the account, and you can easily check your account details, transactions, and many more.
  10. Improves Credit Rating: If you pay your credit card bills on time and with responsibility, you can improve your credit score. Make sure the credit card utilization ratio may be less.
  11. Transparent Fees Structure: The fee structure of Ocean Credit Card is very clear, with no hidden fees.

Ocean Credit Card and Bad Credit

Yes, Ocean Credit Card accepts applications with a bad credit card. So, this is a great feature for those individuals who want to build their credit score. Use your credit card as a responsible person, and timely repayments are reported to all the credit bureaus.

Ocean Credit Card Balance and Benefits

You can easily check your Ocean Credit Card balance with the help of the App or online banking with the help of a phone. If you track your expenses regularly, then you can manage your finances in a very easy way. The Ocean Credit Card has a lot of letters. This credit card has no annual fees, free monthly credit report statements, and purchase protection.

Ocean Credit Card Charges

The Ocean credit card has no annual fee; there is full fee transparency. But this card charges payment fees, over-limit fees, and interest on cash advances. Before using these services, you must check or read the terms and coition for unexpected charges.

  • Intro Purchase APR: The opening APR will be 0% for 12 months from the account.
  • Regular Purchase APR: 16.49% variable based on creditworthiness and the Prime Rate. 
  • Intro Balance Transfer APR: The card will not charge any amount in the first 12 months from the account opening date.
  • Balance Transfer APR: 16.49% variable based on creditworthiness and the Prime Rate
  • Cash Advance APR: 26.49% variable based on the Prime Rate
  • Balance Transfer Transaction Fee: Either $10 or 2% of the amount of each transfer, whichever is greater.
  • Foreign Transaction Fee: 3% of the transaction amount in U.S. dollars
  • Cash Advance Transaction Fee: Either $10 or 4% of the amount of each cash advance, whichever is greater
  • Late Payment Penalty Fee: Up to $37
  • Return Payment Penalty Fee: Up to $37

Ocean Credit Card Balance Transfer

The Ocean Credit Card offers a balance transfer for its Visa credit card holders. In comparison, the balance transfer comes with a rate as low as 4.99% APR for 12 months and 0% APR for a balance transfer fee.

The balance transfer helps you pay your several bills, such as store cards, other credit cards, and sometimes overdrafts, by simply transferring them into one card. This process is very easy and cheaper to clear off your debts.

Ocean Credit Card Contact and Eligibility Check

The dedicated customer service of Ocean Credit Card is always available to assist you with any queries or concerns you have. If you want to apply for this credit card, you must check your eligibility with the help of the “Check Eligibility” tool. This feature helps you to check your eligibility criteria without affecting your credit score.

Check this also: Tireworks Credit Card

Pros & Cons of Ocean Credit Card

Pros:

  • If your application is accepted, you will get the rate you see here.
  • You can easily monitor your spending with the App and get free tax alerts.

Cons: 

  • Higher APR after the free APR offer ends. 
  • This credit card is not for those who’ve never had a credit score.
  • You will get a lower credit limit down to £200

Pay Your Ocean Credit Card by Phone

The Ocean Credit Card offers very convenient features. With the help of a website or App, you can easily make your payments. This feature opens the doors to unlimited transactions with your App. And this feature also works very well in voice interaction.

Ocean Credit Card Online Banking

The online banking features of Ocean Credit Card are similar to their mobile App. You can check your balance, pay your bills, check statements, etc. These online transactions are extremely safe, and your financial information is kept confidential.

Ocean Credit Card App Download

Downloading and using the Ocean Credit Card App is super simple. If you are an Android user, you can download from AppStore, and for Android users, you can download from Play Store. Go to the AppStore or Play Store and search for Ocean Credit Card App. You will find this application and display it on the install button. After successfully installing the App, you can check your daily transactions and pay bills via the App.

Ocean Finance Credit Card Review

The Ocean Credit Card has positive reviews due to its inclusive and customer-centric approach. The users are happy with the online application process and flexible repayment options, which helps them improve their credit scores. If the credit card payment is paid on time, the interest on dues can be escaped. If you delay the payments, the higher interest will be levied on the total amount, and ultimately, you will have to pay the higher amount.

What is Ocean Credit Card?

The Ocean Credit Card is a financial product designed for people with low credit scores. This credit card helps you to improve your credit score. Ocean Finance, a U.K.-based company, issues this credit card. This company offers good financial services, including mortgages, loans, and credit cards.

How does Ocean Credit Card work?

The Ocean Credit Card is similar to other credit cards, this gives you a credit line, and you can use that credit line to make your purchases, pay bills, or even withdraw cash. The works are based on a revolving credit line which means you can spend up to your credit limit and have to pay all of it at the end of the month.

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