'My Ocean Credit card'
The application process was very easy and professionally administrated. I received excellent communication all through the process. Mr Roberts
'It's been a very smooth experience.'
It's been a very great experience and amazing service. Trusted customer
'Quickly sent card. No problems at all. I recommend it.'
I highly recommend. Mr. Wojcik
A bad credit credit card is one that can be accessed with a damaged or thin credit history.
It can help you access funds and build your credit score over time - if you stay within your credit limit and always make your repayments on time. But remember, not doing so could harm your score.
Bad credit credit cards tend to have higher interest rates and lower credit limits than mainstream cards. However, if you pay your card back in full every month and don't make cash withdrawals, you won't pay interest at all while improving your score.
39.9% APR Representative (variable)
If you’re over 18 and live in the UK, then you could be eligible for the Ocean Credit Card.
No impact on your credit score
If you have bad credit, using a credit card can help improve your score. You can do this by:
Following these steps means that you should avoid any charges for missed or late payments, which can appear on your credit report for six years. For more advice on building credit, read our guide featuring 45 ways to improve your credit score.
If you have any problems repaying, try to avoid spending more on your card and contact your credit card provider as soon as possible. They may be able to arrange a repayment plan or payment holiday. If you have priority debts, such as your mortgage or council tax, these should be paid before your credit card.
Life can take an unexpected twist when we least expect it. If you're struggling with debt, talk to your lender straight away to see if there’s anything they can do to help. For more information and free, impartial advice, get in touch with:
Whilst there is no universal ‘good’ or ‘bad’ credit score, it can be useful to understand how different credit reference agencies calculate your score.
Every lender has its own set of requirements when making approval decisions, and each of the three credit reference agencies use their own scoring systems. So, if you’ve been turned down in the past, it doesn’t always mean that you’ll be turned down again.
Here you can see what the different credit reference agencies consider a ‘good’ or ‘bad’ score to be:
|Very Poor||–||0 – 560||0 – 550|
|Poor||0 – 438||561 - 720||551 - 565|
|Fair||439 - 530||721 - 880||566 - 603|
|Good||531 - 670||881 - 960||604 - 627|
|Very Good||671 - 810||-||-|
|Excellent||811 - 1000||961 - 999||628 - 710|
If you have a poor credit score, it may be a result of:
These marks on your credit file are removed after six years, even if the debt isn't paid back.
Another reason for a low credit score is that you have limited or no experience of borrowing. This is known as having a thin credit history.
If you’ve struggled with bad credit in the past, a credit card can be a great way of rebuilding your score. By keeping on top of payments and staying within your credit limit, you can show lenders you're able to repay your balance consistently. Remember though, you’ll be taking on a new form of debt, so make sure you can afford to pay off your card each month.
You can learn more about Ocean on our about us page.
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