Updated September 28, 2026 · SumCue Editorial Team
Ocean Finance Card vs Wells Fargo
Ocean Finance Card
Wells Fargo
Higher score in this comparison
Ocean Finance Card vs Wells Fargo: the differences
| Compare | Ocean Finance CardReviewSee alternativesSee alternatives | Wells FargoReviewSee alternativesSee alternatives |
|---|---|---|
| Annual fee | £0 | $0 |
| APR | 39.9% | 18.74% to 28.74%Lower |
| Rewards type | None | Cashback |
| Balance transfer intro period | 6 months | 12 monthsHigher |
| Currency conversion fee | Not confirmed | 3% |
| Rewards rate | Not confirmed | 2% cash rewards |
| Balance transfer fee | 2.9% | Not confirmed |
| Credit needed | Poor | 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 |
| Cashback rate | Not confirmed | 2% |
Same on both: Card kind (Credit).
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Key differences
- Wells Fargo scores higher overall: 9.3 vs 9.1.
- Founded is lower at Wells Fargo: 1852 vs 1991.
- APR is lower at Wells Fargo: 18.74% to 28.74% vs 39.9%.
- Balance transfer intro period is higher at Wells Fargo: 12 months vs 6 months.
- Support channels: only Ocean Finance Card offers Chat, Email.
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.
Wells Fargo
Wells Fargo suits US customers who want one bank for a rewards card, easy-access checking and a fixed-rate personal loan. Deposits sit under FDIC protection, and the card pairs an annual fee of $0 with 2% cash rewards at an APR of 18.74% to 28.74%.
Score breakdown
| Area | Ocean Finance Card | Wells Fargo |
|---|---|---|
| Cost | 9.1HigherAnnual fee £0, but interest at 39.9% is what holders really pay. | 8.8 |
| Offer | 9.2HigherThe rewards type is none, so the offer rests on practical extras. | 9.1Annual fee of $0 plus 2% cash rewards on spending, against a card APR of 18.74% to 28.74% that is high for the market. |
| Trust | 9.1 | 9.9Higher |
Availability and regulation
| Country | Ocean Finance Card | Wells Fargo |
|---|---|---|
| United Kingdom | Financial Conduct Authority 310069 | Not confirmed |
| United States | Not confirmed | FDIC FDIC cert 27389 |
Additional countries for Ocean Finance Card: 1. Additional countries for Wells Fargo: 1.
Which one suits you
Pick Ocean Finance Card if cost matter most.
Pick Wells Fargo if trust, apr, and balance transfer intro period matter most.
How they place
| Ranking | Ocean Finance Card | Wells Fargo |
|---|---|---|
| Credit and debit cards | 426 of 1594 | 272 of 1594 |
| Credit cards | 131 of 421 | 92 of 421 |
| Balance transfer cards | 15 of 32 | 8 of 32 |
Also worth a look
DKB has apr at 6.99%, against 39.9% for Ocean Finance Card and 18.74% to 28.74% for Wells Fargo.
DKB reviewEvery fact side by side
| Fact | Ocean Finance Card | Wells Fargo |
|---|---|---|
| Pricing model | No annual fee | No annual fee |
| Features | Not confirmed | Rewards |
| Legal entity | Intelligent Lending Limited | Wells Fargo National Bank West |
| Headquarters | United Kingdom | United States |
| Founded | 1991 | 1852Lower |
| Support channels | Chat, Phone, Email, Help centreCovers more | Phone, Help centre |
Loans
| Fact | Ocean Finance Card | Wells Fargo |
|---|---|---|
| Loan amount | Not confirmed | $3,000 to $100,000 |
| Term | Not confirmed | 12 to 84 months |
| Arrangement fee | Not confirmed | 0 USD |
| Credit check | Not confirmed | Hard |
| Funding time | Not confirmed | Same day as approval for most customers |
| Representative example | Not confirmed | Unsecured personal loan: $17,000 over 48 months at 13.99% APR, monthly payment $464 |
| Rate type | Not confirmed | Fixed |
| Lender type | Not confirmed | Direct lender |
| Free early repayment | Not confirmed | Yes |
| Eligibility | Not confirmed | Existing customers only: must have been a Wells Fargo customer for at least 12 months |
| Origination fee (%) | Not confirmed | 0% |
| Loan types | Not confirmed | Personal, Debt consolidation |
| Use cases | Not confirmed | Home improvement |
Savings
| Fact | Ocean Finance Card | Wells Fargo |
|---|---|---|
| Deposit protection | Not confirmed | FDIC up to USD 250,000 |
| Access terms | Not confirmed | more ways to access your money |
| Monthly fee | Not confirmed | $5 |
| Account kind | Not confirmed | Easy access |
Debit cards
| Fact | Ocean Finance Card | Wells Fargo |
|---|---|---|
| Free ATM withdrawals | Not confirmed | $0 |
| Card type | Not confirmed | Debit |
| Card network | Not confirmed | Visa |
Mortgages
| Fact | Ocean Finance Card | Wells Fargo |
|---|---|---|
| Fixed period | Not confirmed | 30 years |
| Maximum loan to value | Not confirmed | 100% |
| Purpose | Not confirmed | Purchase, Remortgage, First time buyer, Home equity |
Where each stands against the rest
| Fact | Ocean Finance Card | Wells Fargo | Median |
|---|---|---|---|
| APR | 39.9%highest quarter | 18.74% to 28.74%above the median | 11.635% |
| Currency conversion fee | Not confirmed | 3%highest quarter | 1% |
| Balance transfer intro period | 6 monthslowest quarter | 12 monthsat the median | 12 months |
| Balance transfer fee | 2.9%below the median | Not confirmed | 3% |
| Cashback rate | Not confirmed | 2%above the median | 1.5% |
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).
Wells Fargo
Pros
- Personal loans carry an arrangement fee of 0 USD and free early repayment, with funding Same day as approval for most customers.
- Deposits are covered by FDIC up to USD 250,000, and the bank is listed as FDIC cert 27389.
- A 12 month introductory period applies to balance transfers on the card.
Cons
- The card APR of 18.74% to 28.74% is steep for a card with no annual charge, so a balance carried month to month costs a lot.
- Personal loans are for existing customers who have been with the bank for a waiting period, which rules out new applicants.
- Support runs on phone and help centre only.
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.
Wells Fargo
Who it suits
- US customers already banking with Wells Fargo who want a rewards card and loans from the same lender.
- Households holding savings, since deposits carry FDIC up to USD 250,000.
- People planning a home purchase or remortgage, as the listed mortgage purposes are purchase, remortgage and first time buyer.
Who should look elsewhere
- Not for applicants with no credit history, since personal loans run a hard credit check, while Varo Believe Secured Credit Card is aimed at rebuilding credit.
- Not for euro or sterling spenders: bunq and Wise both charge an annual fee of €0 and £0, while Wells Fargo is a US bank.
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
Wells Fargo
Current offer
Bonus
Active Cash Card $100 cash rewards bonus: $100
spend $500 in purchases in the first 3 months
Source, checked September 26, 2026
Country by country
| Country | Ocean Finance Card | Wells Fargo |
|---|---|---|
| United Kingdom | Yes | No |
| United States | No | Yes |
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%.
Wells Fargo
What does the Wells Fargo credit card cost to keep?+
The Active Cash card has an annual fee of $0 and pays 2% cash rewards on spending. Borrowing on it costs an APR of 18.74% to 28.74%, which is high for a card with no annual charge. Rewards are cashback, so you get money back rather than points or miles.
Is there an interest-free period for balance transfers?+
The Active Cash card terms set an introductory balance transfer period of 12. That window is for balances you move onto the card, so plan the transfer before it ends. Afterwards the standard rate on the balance takes over.
Other options to compare
Other matchups
Ocean Finance Card
Wells Fargo