Ocean Credit Card – Benefits, Features, Costs and How to Apply

The Ocean Credit Card from Capital One offers credit limits ranging from £200 up to £8,000, making it accessible for those looking to establish or rebuild their credit. This card provides several useful features like online account access, fraud coverage, and cash-back rewards on eligible purchases.

Ocean Credit Card

There are costs to consider too, like the annual fee after the first year and interest charges on any unpaid statement balances. Understanding both the pros and cons will allow you to determine if this card suits your financial needs.

Here is a quick guide to everything you need to know about the Ocean Credit Card.

Benefits of the Ocean Credit Card

The Ocean Credit Card offers several benefits that make it an attractive credit card option:

  • Fast Application Process

You can get a yes or no response on your application within 60 seconds. This “soft check” won’t affect your credit score. If approved, you’ll receive your card within 10 days.

  • Decent Credit Limits

The Ocean Card offers credit limits ranging from £200 up to £8,000 depending on your creditworthiness. This gives you flexibility in how much you can charge to the card.

  • Rebuild Your Credit

Making on-time payments and keeping your balance under the limit can help rebuild damaged credit over time. This will make it easier to get approved for loans and other credit products in the future.

  • No Annual Fee

There is no annual fee to use the Ocean Credit Card, saving you money compared to other credit cards.

Features of the Ocean Credit Card

The Ocean Card comes with all the features you’d expect from a modern credit card:

  • Contactless Payments: You can tap to pay for purchases under £100 using contactless technology. This makes checkout faster and more convenient.
  • Mobile App: The app allows you to make payments, check your balance and available credit, set spending alerts, and more, all from your smartphone.
  • Balance Transfers: You may qualify for 0% interest on balance transfers for the first 6 months. This can save you money on interest charges if used responsibly
  • Purchase Protection: Get coverage for eligible purchases against loss, theft, or accidental damage within the first 90 days.
  • Fraud Protection

You get £0 liability fraud protection with the card. Unauthorized charges will be refunded.

Costs and Fees of the Ocean Credit Card

While the Ocean Card offers many perks, you need to be aware of the costs too:

Interest Rates

The purchase and cash advance APR ranges from 28.9% to 39.9% variable. That means any balance carried from month to month will accrue high-interest charges.

Balance Transfer Fee

While the 0% intro APR offer is nice, balance transfers incur a 2.9% fee. Factor this cost into any balance transfer decision.

Cash Advance Fee

Taking a cash advance from your credit limit incurs fees of 2.9% or £3 minimum. This makes cash advances expensive.

Foreign Transaction Fees

Using your card abroad subjects purchases to a 2.99% foreign transaction fee. Consider a different card for international trips.

As you can see, while using the card responsibly involves little to no cost, things like interest, fees, and foreign charges can add up quickly if you don’t pay your balance off each month.

How to Apply for the Ocean Credit Card

Applying for the Ocean Credit Card is simple. Just follow these steps:

Check Your Eligibility

Use the online eligibility checker to see if you prequalify, either for approval or the 0% intro APR offer. This soft check won’t impact your credit score.

Submit Your Application

If eligible, complete the full application online. Have personal information like income, expenses, and identification handy.

Get a Decision

In most cases, you will get an instant decision on whether you are approved or declined after applying.

Activate and Use Your Card

Once approved, you will receive your new Ocean Credit Card in the mail within 5-10 days. Activate it by phone or online to start using it.

How to Activate Your Ocean Credit Card

Activating your new Ocean Card is easy. Here is a step-by-step guide:

  • Wait for your card to arrive in the mail. It should only take 5-10 business days at the most.
  • Call the activation phone number on the sticker found on your card with the last 4 digits of your Social Security Number handy.
  • Following the prompts, set up voice authentication and create your PIN.
  • Your card will now be activated for use in stores, online and for ATM access!

If you prefer, you may activate online instead by visiting your Capital One account. Just make sure you have the required personal information at hand to verify.

Once activated, sign the back and you’ll be ready to use your Ocean Credit Card!

How to Login to Your Ocean Credit Card Account

To login online and manage your account, simply follow these easy steps:

  • Go to the Capital One website.
  • Click the “Log In” button for cardholders in the top right corner.
  • On the login page, enter your username and password. First-time users should click “Register”.
  • Follow the instructions to set up your username, password and authenticate your account.
  • Once logged in, you will be able to see your balance, available credit, recent transactions, statements, make payments, and more!

You can use your online account dashboard to monitor spending, set up alerts, make payments, update personal info, and perform the most common card functions online or from your phone.

How to Make Ocean Credit Card Payments

When your monthly statement is generated, you have multiple easy ways to pay your bill. Here are instructions on the most common options:

  • Auto-Pay – Set up recurring automatic payments each month from your bank account to pay either your minimum balance, statement balance, or custom amount.
  • Mobile Pay – Use the app on your smartphone or tablet to make one-time or recurring payments from bank accounts or debit cards.
  • Online – While logged into your account, select “Make a Payment” to pay your bill with a bank account, another card, debit, PayPal, or electronic check.
  • Mail – Send a physical check or money order to the payment address listed on your monthly statement. Include payment stub.
  • Phone – Call the number on the back of your card and use the automated system or speak to a representative to make a payment.

Be sure to pay at least the minimum by the monthly due date to avoid late fees and penalties. Pay the statement balance in full to avoid interest charges on carried balances.

Following good credit card practices like making on-time payments in full will help build your score while avoiding debt and interest charges which could negate the benefits of the card. Monitor your account activity closely each month.

Is Ocean Credit Card Worth it?

The Ocean Credit Card can be worth it for some people, but it depends on your situation and needs. Here are some pros and cons to consider:


  • Relatively low APR for a credit card aimed at people with average or limited credit history. The APR ranges from 21.9% to 29.9%.
  • No annual fee for the first year. The fee is £32 after the first year.
  • Fraud liability and purchase protections.
  • Ability to earn cash back rewards on eligible purchases.


  • High APR makes carrying a balance expensive
  • £32 annual fee after the first year
  • Foreign transaction fees
  • Reports to all three credit bureaus, so irresponsible use can hurt your credit

The Ocean Credit Card makes sense if you have average credit and will pay your balance off in full each month to avoid interest charges. Using it responsibly helps rebuild your credit. But if you tend to carry balances, the high-interest costs likely outweigh any rewards or convenience this card offers. Assess your spending habits and budget to determine if the pros outweigh the cons of your situation.


The Ocean Credit Card from Capital One offers the convenience and rewards of a modern credit card, with the potential to rebuild damaged credit when used properly. Just be sure you understand the costs around interest rates, and fees and avoid risky behaviors. Managing the card responsibly by paying balances off monthly allows you to enjoy the perks without the pitfalls.

If you could benefit from flexible financing options, and don’t mind the variable interest rate, the Ocean Card provides an easy application process with instant decisions to get started right away. Check your eligibility and consider applying if you need an extra spending tool in your financial toolbox.

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