Updated September 28, 2026 · SumCue Editorial Team
Ocean Finance Card vs SBI Card
SBI Card
Ocean Finance Card
Higher score in this comparison
Ocean Finance Card vs SBI Card: the differences
| Compare | Ocean Finance CardReviewSee alternativesSee alternatives | SBI CardReviewVisitVisit |
|---|---|---|
| Annual fee | £0 | ₹499 |
| APR | 39.9%Lower | 45% |
| Balance transfer intro period | 6 monthsHigher | 2 months |
| Balance transfer fee | 2.9% | 2%Lower |
| Credit needed | Poor | Excellent |
| Rewards type | None | Not confirmed |
| Perks | 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 | Not confirmed |
Same on both: Card kind (Credit).
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Key differences
- Ocean Finance Card scores higher overall: 9.1 vs 8.7.
- Founded is lower at Ocean Finance Card: 1991 vs 1998.
- APR is lower at Ocean Finance Card: 39.9% vs 45%.
- Balance transfer fee is lower at SBI Card: 2% vs 2.9%.
- Balance transfer intro period is higher at Ocean Finance Card: 6 months vs 2 months.
- Support channels: only Ocean Finance Card offers Chat, Email, Help centre.
Our verdict on each
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.
SBI Card
SBI Card is a credit card for Indian applicants with excellent credit, and the balance transfer option is the reason to look past its steep borrowing cost. It charges an APR of 45% and an annual fee of INR 499, with help on phone.
Score breakdown
| Area | Ocean Finance Card | SBI Card |
|---|---|---|
| Cost | 9.1HigherAnnual fee £0, but interest at 39.9% is what holders really pay. | 8.8Annual fee INR 499 and APR 45% push costs up, with a balance transfer fee of 2% the only relief. |
| Offer | 9.2HigherThe rewards type is none, so the offer rests on practical extras. | 8.1A 2 month balance transfer window is the whole offer, and phone support adds little. |
| Trust | 9.1Higher | 8.9 |
Moving a 3,000 balance
Ocean Finance Card
87
2.9% of 3,000
SBI Card
60
2% of 3,000
SBI Card comes out 27 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.
If neither fits
Discover has balance transfer intro period at 15 months, against 6 months for Ocean Finance Card and 2 months for SBI Card.
Discover reviewHow they place
| Ranking | Ocean Finance Card | SBI Card |
|---|---|---|
| Credit and debit cards | 426 of 1594 | 52 of 1594 |
| Credit cards | 131 of 421 | 19 of 421 |
| Balance transfer cards | 15 of 32 | 2 of 32 |
Every fact side by side
| Fact | Ocean Finance Card | SBI Card |
|---|---|---|
| Pricing model | No annual fee | Not confirmed |
| Legal entity | Intelligent Lending Limited | SBI Cards and Payment Services Limited |
| Headquarters | United Kingdom | India |
| Founded | 1991Lower | 1998 |
| Support channels | Chat, Phone, Email, Help centreCovers more | Phone |
Where each stands against the rest
| Fact | Ocean Finance Card | SBI Card | Median |
|---|---|---|---|
| APR | 39.9%highest quarter | 45%highest quarter | 11.635% |
| Balance transfer intro period | 6 monthslowest quarter | 2 monthslowest quarter | 12 months |
| Balance transfer fee | 2.9%below the median | 2%below the median | 3% |
Median across 486 listed providers.
Pros and cons
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).
SBI Card
Pros
- A balance transfer charges 2% and runs for 2 months, the one lower interest route on the card.
- Card type is credit, and the issuer has been issuing cards since 1998.
- Support runs on phone for anyone who wants to talk a balance down with the issuer.
Cons
- An APR of 45% makes any carried balance costly, and the annual fee of INR 499 ranks 223 out of 312.
- Support runs on phone only, so no written or online help route is listed.
- The credit bar is excellent, and only 5.6% of cards in the credit card comparison ask for as much.
Who each suits
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.
SBI Card
Who it suits
- Indian applicants with excellent credit who want to shift an existing card balance onto a lower interest option.
- Borrowers who plan to clear the moved balance inside the 2 month low interest window.
- Cardholders who would rather call phone than work through online self service.
Who should look elsewhere
- Wise and bunq, which show annual fees of £0 and €0, suit spending that carries no borrowing cost.
- Varo Believe Secured Credit Card, with an annual fee of $0, suits applicants building a credit record rather than moving a balance.
- bunq, with an annual fee of €0, suits anyone who wants a card without paying for a balance transfer option.
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 | Ocean Finance Card | SBI Card |
|---|---|---|
| India | No | Yes |
| United Kingdom | Yes | No |
Questions about each
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%.
SBI Card
What does SBI Card charge each year?+
The annual fee is INR 499, on a card that is a credit product rather than a charge card. Interest builds only if a balance is carried, so clearing the statement in full avoids the rate. The balance transfer route adds 2% on top, and that fee is the figure to weigh against the annual cost.
What is the APR on an SBI Card?+
The APR is 45%, which is high against the wider credit card set, where the card ranks 128 out of 138. Paying in full each month means the rate is never charged. Anyone planning to carry a balance should treat 45% as the true cost of this card.
Other options to compare
Other matchups
SBI Card
Ocean Finance Card