Bad credit credit cards
Even if you have bad credit, you can still apply for the Ocean Credit Card. See if you're eligible today with no impact on your credit score.
Intelligent Lending Ltd (credit broker)
Capital One (exclusive lender)
What is a bad credit
This is a credit card designed for people who have a poor credit score, due to a damaged or thin credit history.
Credit cards for bad credit have a higher interest rate than traditional cards and come with a lower limit, but when used responsibly, making payments on time and staying within your limit you can use one to rebuild your score and get your credit record back on track. But remember not doing so could harm it.
What is a bad credit score?
Your credit score is a figure used by credit reference agencies to determine your track record of managing credit accounts and bills. If you have a poor credit score, you may have had problems making payments in the past and have ended up with missed payments on your record or a default account.
Another reason for a less-than-ideal credit score is because you haven't had any experience of borrowing. This is known as having a thin credit history.
How to get a credit card for bad credit:
To apply for a credit card, follow our easy step-by-step process:
Find out if you'll be accepted before you apply using QuickCheck
If it's a yes, go on to apply online with confidence
Once approved, you'll receive your card in the post within 10 working days
Why the Ocean
- See if you're eligible - without affecting your credit score
- Get a response in just 60 seconds
- Get a credit limit up to £1500
- Add up to 3 other cardholders
(remember that you'll be responsible for all transactions on the account)
- Become eligible for credit limit increases if you use your card responsibly
(remember, a bigger balance could take longer to pay back and increase the amount of interest you're paying)
- 39.9% APR Representative (variable)
Who can get a card?
If you're over 18 and live in the UK, then you could be eligible for the Ocean Credit Card. You can get an answer online in 60 seconds without impacting your credit score.
How to use a credit card for bad credit responsibly
Most cards for bad credit tend to come with a fairly low credit limit and higher-than-average interest rates.
The primary aim of the card is to help build a strong and healthy credit rating, so it's important you manage your borrowing responsibly.
You can build your score with a credit card for bad credit by:
- Always paying back more than the minimum payment
- Paying on time, every time - set up a Direct Debit to make this easier
- Staying below your agreed credit limit
Following these steps means that you should avoid any charges for missed or late payments, which can flag up on your credit report. To make your card as economical as possible, it's also best to clear the balance in full every month if you can, so that you avoid paying interest charges.
If you have any problems repaying, contact your lender as soon as possible. If you're struggling temporarily because, for example, you've changed jobs, talking to your lender is the first thing you should do. What you shouldn't do is ignore the situation and start missing payments. This means that the credit card you took out to help you build up your credit rating only makes it worse, and result in borrowing being even more difficult in the future.
Checking your eligibility
When looking for a credit card, make sure you use 'soft search' tools, to ensure you don't leave a dint of your credit file. We use QuickCheck, which will determine if you're pre-approved for the Ocean Credit Card, without harming your credit score. This means it's risk-free to check your eligibility and then apply with confidence.
How to improve your
Get on the electoral roll - Registering to vote is one of the easiest ways to boost your rating. It provides proof of address to credit reference agencies, making you seem like a more reliable candidate.
Limit your applications - Each time you apply for credit, this leaves a mark on your report. If you do this too much in a short space of time, it can knock your rating and make you look risky to lenders - meaning they're less likely to accept you.
Use eligibility checkers - This is a 'soft search' tool, which means the credit check won't impact your score, but gives you the confidence of how likely you are to be approved.
Don't miss any payments - This shows the credit reference agencies - and therefore lenders - that you have a track record of being a reliable borrower. You can set up Direct Debits as an easy way to make sure you stay on track of your payments.
Check for mistakes - Having incorrect details on your credit report could have an unfair impact on your credit score. You can check your credit score for free with our partner, CredAbility.
Improving your credit score takes time and dedication, but there are many ways you can ensure it's as good as can be. Find out 45 ways you can boost your credit score.
More about the Ocean
The Ocean Credit Card is issued by Capital One (Europe) plc and has an interest rate of 39.9% APR representative variable with no annual fee. There's an initial minimum credit limit of £200 which can go up to £1500 and the amount offered varies by customer depending on their credit history and financial situation. This is an unsecured card and you are required to undergo a credit check before your application is accepted. There is no sign-up fee. Ocean Finance is a trading name of Intelligent Lending Limited.
What APR will I get?
The APR you’re offered will depend on your individual circumstances. The APR Representative for the Ocean Credit Card is 39.9%, which means more than half our customers get that rate or lower.
What credit limit will I get?
The credit limit you’re offered with the Ocean Credit Card will be between £200 and £1500. This will depend on your credit score and your financial situation, but over time you’ll be able to get limit increases - providing you stay below your limit and make your monthly repayments on time.
What is classed as a bad credit score?
There is no one universal score in the UK, there are several credit reference agencies. You’d be considered to have bad credit if you’ve struggled to borrow money, or lenders have been put off by your credit report.
What about fair credit?
Credit reference agencies have different bands for their scores, the band between ‘poor’ and ‘good’ is sometimes called ‘fair’. If your credit score falls in this band, you should have slightly more choice than those with a ‘poor’ or ‘very poor’ credit rating, but you’ll still be limited, as the best deals are reserved for those with a ‘good’ or ‘excellent’ credit record. You can still use the Ocean Credit Card as a credit rebuilder card, to boost your score over time.
How long does bad credit last?
Your credit score changes over time depending on how responsibly you handle credit and your bills, so it’s always changing. Negative markers on your credit record like a default account or a CCJ last for six years, but the impact on your score lessens over that period. Whatever the situation, there is a way out of it and you can get your finances (and your score) back on track over time.