The Ocean Credit Card
It might worry you that if you apply for a card and are declined, that it will make your credit score even worse. However, Ocean use QuickCheck.
QuickCheck allows you to enter your details and get an instant decision. If it’s a ‘yes’, great. If it’s a ‘no’, the check won’t affect your credit score.
As a guide, you’re more likely to be accepted if you’re over 18, on the electoral roll and have some history of managing credit - but you won’t know unless you check.
If you’re building or rebuilding a credit score, it can be useful to start with a manageable credit limit. The Ocean credit card comes with a limit of up to £1,500, so you can keep relatively tight control on your spending.
The account can be managed online or via a mobile App and allows contactless payment for items up to £30. It also allows you to add up to three additional card holders. While this might allow you to control a families spending for example, remember you - the account owner, are responsible for all transactions on the account.
The account has an interest rate of 34.9% which while quite high, is similar to other cards of this type. With such interest rates, it makes a lot of sense to clear the balance each month otherwise the interest on your account could grow quickly.