Updated September 28, 2026 · SumCue Editorial Team
Kiwibank vs Ocean Finance Card
Kiwibank
Higher score in this comparison
Ocean Finance Card
What sets them apart
| Compare | KiwibankReviewSee alternativesSee alternatives | Ocean Finance CardReviewSee alternativesSee alternatives |
|---|---|---|
| Annual fee | NZ$0 | £0 |
| APR | 12.9%Lower | 39.9% |
| Balance transfer fee | 1%Lower | 2.9% |
| Perks | 55 days interest free on purchases | Credit limit of GBP 200 to GBP 8,000, Section 75 protection on purchases between GBP 100 and GBP 30,000, Mobile app to make payments and check balance, Free email and text alerts, Card usable online before the physical card arrives, Eligibility check does not affect credit score, No Apple Pay |
| Currency conversion fee | 2.5% | Not confirmed |
| Credit needed | Not confirmed | Poor |
Same on both: Rewards type (None), Balance transfer intro period (6 months), Card kind (Credit).
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.
Key differences
- Kiwibank scores higher overall: 9.2 vs 9.1.
- Founded is lower at Ocean Finance Card: 1991 vs 2001.
- APR is lower at Kiwibank: 12.9% vs 39.9%.
- Balance transfer fee is lower at Kiwibank: 1% vs 2.9%.
- Perks: only Kiwibank offers 55 days interest free on purchases.
- Perks: only Ocean Finance Card offers Credit limit of GBP 200 to GBP 8,000, Section 75 protection on purchases between GBP 100 and GBP 30,000, Mobile app to make payments and check balance.
Our verdict on each
Kiwibank
Kiwibank suits New Zealand bank customers who want a plain everyday card, with a NZD 0 monthly fee on the Visa debit card and rewards listed as none. Costs stay light at home, but a currency conversion fee of 2.5% makes overseas spending the trade-off to weigh.
Ocean Finance Card
The Ocean Finance Card suits borrowers with a poor credit history who plan to clear a balance: a transfer fee of 2.9% on what you move, and an annual fee of £0. Anyone wanting a rewards card should look elsewhere, since this one is priced for short borrowing.
Score breakdown
| Area | Kiwibank | Ocean Finance Card |
|---|---|---|
| Cost | 8.9APR 12.9% on the credit card and a balance transfer fee of 1% for 6. | 9.1HigherAnnual fee £0, but interest at 39.9% is what holders really pay. |
| Offer | 9.9Higher | 9.2The rewards type is none, so the offer rests on practical extras. |
| Trust | 9.1 | 9.1 |
Where each is licensed and available
| Country | Kiwibank | Ocean Finance Card |
|---|---|---|
| New Zealand | Not confirmed | |
| United Kingdom | Not confirmed | Financial Conduct Authority 310069 |
Additional countries for Kiwibank: 1. Additional countries for Ocean Finance Card: 1.
Moving a 3,000 balance
Kiwibank
30
1% of 3,000
Ocean Finance Card
87
2.9% of 3,000
Kiwibank comes out 57 lower in this example.
Worked out from the stated prices and rates; your own total depends on how you use it. Facts checked September 26, 2026.
A third option
DKB has apr at 6.99%, against 12.9% for Kiwibank and 39.9% for Ocean Finance Card.
DKB reviewSources behind this comparison
Kiwibank
- kiwibank.co.nz: 7 facts, checked September 26, 2026
- creditcardscompare.co.nz: 3 facts, checked September 26, 2026
- en.wikipedia.org: 3 facts, checked September 26, 2026
- wise.com: 1 fact, checked September 26, 2026
Ocean Finance Card
- oceanfinance.co.uk: 13 facts, checked September 26, 2026
How they place
| Ranking | Kiwibank | Ocean Finance Card |
|---|---|---|
| Credit and debit cards | 325 of 1594 | 426 of 1594 |
| Credit cards | 106 of 421 | 131 of 421 |
| Balance transfer cards | 11 of 32 | 15 of 32 |
Every fact side by side
| Fact | Kiwibank | Ocean Finance Card |
|---|---|---|
| Pricing model | No annual fee | No annual fee |
| Audience | Business | Not confirmed |
| Legal entity | Kiwibank Limited | Intelligent Lending Limited |
| Headquarters | New Zealand | United Kingdom |
| Founded | 2001 | 1991Lower |
| Support channels | Phone, Email, Chat, Help centre | Chat, Phone, Email, Help centre |
Loans
| Fact | Kiwibank | Ocean Finance Card |
|---|---|---|
| Lender type | Direct lender | Not confirmed |
| Loan types | Personal | Not confirmed |
Savings
| Fact | Kiwibank | Ocean Finance Card |
|---|---|---|
| Monthly fee | NZ$0 | Not confirmed |
Where each stands against the rest
| Fact | Kiwibank | Ocean Finance Card | Median |
|---|---|---|---|
| APR | 12.9%above the median | 39.9%highest quarter | 11.635% |
| Currency conversion fee | 2.5%above the median | Not confirmed | 1% |
| Balance transfer intro period | 6 monthslowest quarter | 6 monthslowest quarter | 12 months |
| Balance transfer fee | 1%below the median | 2.9%below the median | 3% |
Median across 486 listed providers.
Pros and cons
Kiwibank
Pros
- The Visa debit card carries a monthly fee of NZD 0 and ranks 1 of 422 on that measure.
- Support covers phone, email and chat, so you can reach a person in the way you prefer.
- Purchases on the credit card can run interest free, with 55 days interest free on purchases.
Cons
- Spending abroad is costly: the currency conversion fee is 2.5%, which ranks Kiwibank at 196 of 258.
- The credit card has a rewards type of none, so spending earns nothing back.
- The debit card is aimed at business customers, so personal shoppers get less from it.
Ocean Finance Card
Pros
- Balance transfers cost 2.9% over 6, so old card debt has a route out.
- The perk list Credit limit of GBP 200 to GBP 8,000, Section 75 protection on purchases between GBP 100 and GBP 30,000 and Mobile app to make payments and check balance adds an app, free alerts and purchase protection.
- Support runs on chat, phone and email, so help comes through several channels.
Cons
- The APR is 39.9%, so carrying a balance month to month is expensive.
- The rewards type is none, so everyday spending earns nothing back.
- Apple Pay is not among its perks (Credit limit of GBP 200 to GBP 8,000, Section 75 protection on purchases between GBP 100 and GBP 30,000 and Mobile app to make payments and check balance).
Who each suits
Kiwibank
Who it suits
- New Zealand bank customers who want an everyday Visa debit card without a monthly charge.
- People who want a credit card with an interest-free purchase window and an annual fee of NZD 0.
- Borrowers moving an existing balance who can use the 6 introductory window.
Who should look elsewhere
- Wise, if you convert currency often, because a currency conversion fee of 2.5% pushes Kiwibank down the fee ranking.
- bunq, if your spending sits outside New Zealand, since bunq's monthly fee is €0 while Kiwibank's card serves a single market.
- Varo Believe Secured Credit Card, if you want the card secured, since Kiwibank offers a debit card and a credit card instead.
Ocean Finance Card
Who it suits
- Borrowers with a poor credit history, since the annual fee is £0.
- Anyone clearing a balance on another card, where the transfer fee is 2.9%.
- Card users who want purchase protection on larger buys, listed under Credit limit of GBP 200 to GBP 8,000, Section 75 protection on purchases between GBP 100 and GBP 30,000 and Mobile app to make payments and check balance.
Who should look elsewhere
- Starling Personal Account Debit Card, at an APR of 15%, for current account borrowing.
- Varo Believe Secured Credit Card, with $0 annual fee, for a secured route.
Current offers
Ocean Finance Card
Current offer
First period offer
0% for 6 months on balance transfers and purchases on the Ocean Credit Card: 0% for 6 months, 2.9% balance transfer fee
Representative 39.9% APR (variable) after the offer, purchase rate 39.94% APR (variable), credit subject to status
Source, checked September 26, 2026
Country by country
| Country | Kiwibank | Ocean Finance Card |
|---|---|---|
| New Zealand | Yes | No |
| United Kingdom | No | Yes |
Questions about each
Kiwibank
What does the Kiwibank debit card cost each month?+
The Visa debit card has a monthly fee of NZD 0, which is why Kiwibank ranks 1 of 422 on that measure. The card is a debit card on the visa network, so the monthly charge is the only regular cost listed.
What does it cost to spend in another currency?+
The currency conversion fee is 2.5% on the debit card, and Kiwibank sits at 196 of 258 on that measure. Spending in New Zealand on the card avoids that cost, so the card suits local use. Travellers who convert often should weigh the fee before applying.
Ocean Finance Card
Is there an annual fee on the Ocean Finance Card?+
The annual fee is £0, so holding the card year on year costs nothing beyond interest. That suits anyone clearing a balance slowly, since the only bill is what is owed. The rate to watch is the APR on balances you do not clear, at 39.9%.
What is the APR on the Ocean Finance Card?+
The APR is 39.9%, a high rate for borrowing month to month. Interest is the real cost here, because the annual fee is £0 and nothing is charged for holding it. The cheaper route is moving a balance from another lender, where the fee is 2.9%.
Other options to compare
Other matchups
Kiwibank
Ocean Finance Card