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Ocean Bank Platinum Card

  • Regular Purchase APR   13.99% variable based on creditworthiness and the Prime Rate
  • Intro Purchase APR  0% for 12 months from account opening date
  • Balance Transfer APR  13.99% variable based on creditworthiness and the Prime Rate
  • Cash Advance APR  24% variable based on the Prime Rate
  • Annual Fee  None
  • Credit Needed  Poor , No Credit Required
  • Processing Network Mastercard

Best Benefits
  • No annual fee
  • $0 liability for unauthorized purchases
  • 0% introductory APR on purchases and balance transfers for 12 months
  • Mastercard┬« Airport Concierge - 15% savings on airport meet and greet services
Rates & Fees
     Intro Purchase APR: 0% for 12 months from account opening date
     Regular Purchase APR: 13.99% variable based on creditworthiness and the Prime Rate
     Intro Balance Transfer APR: 0% for 12 months on transfers made within 12 months from account opening date
     Balance Transfer APR: 13.99% variable based on creditworthiness and the Prime Rate
     Balance Transfer Transaction Fee: Either $10 or 2% of the amount of each transfer, whichever is greater
     Cash Advance APR: 24% variable based on the Prime Rate
     Cash Advance Transaction Fee: Either $10 or 4% of the amount of each cash advance, whichever is greater
     Penalty APR: N/A
     Annual Fee: None
     Foreign Transaction Fee: 3% of the transaction amount in U.S. dollars
     Late Payment Penalty Fee: Up to $37
     Return Payment Penalty Fee: Up to $37
     Over Limit Penalty Fee: None
     Minimum Deposit Required: $500 Certificate of Deposit
     Credit Needed: Poor , No Credit Required

 

At a Glance

Establishing a credit history, or repairing bad credit, can be intimidating; while it may appear that building credit is difficult, in reality there are plenty of credit card offers that can help you achieve your goals. Establish your credit while you shop or travel with the Ocean Bank Platinum Card; for a $500 minimum deposit, you’ll receive a secured credit card designed to make building your credit not only easy, but convenient too; best of all, while you won’t earn points or rewards, you’ll still get all the perks of a regular credit card – and you won’t pay an annual fee.

The Gist

The Ocean Bank Platinum Card is a pared-down, no-frills secured credit card offer. In order to qualify, you’ll need a Certificate of Deposit from Ocean Bank of at least $500; the card is backed by the value of your Ocean Bank CD, so your credit limit will reflect the deposit you make. Use this card to establish your credit while you shop or travel and get the peace of mind of knowing that you’re on the way to better credit.

New cardholders will enjoy a lengthy introductory APR on both purchases and balance transfers. Your APR will be determined by your creditworthiness and other factors, and may vary with the market based on the Prime Rate. For the first twelve months after your card account is opened, you’ll enjoy a purchase APR of 0%; the same is applied to balance transfers, for balances that are transferred within the first 12 months of account opening. After this introductory period, your APR for both purchases and balance transfers will be 13.99% – which is low for a secured credit card; you’ll never pay an annual fee, either, making this a very generous card offer for anyone looking to establish or repair their credit.

You’re protected with the Ocean Bank Platinum card, thanks to zero liability for unauthorized charges. Additionally, since this is a Mastercard® card, you’ll get all the benefits that come with Mastercard® offers. Enjoy Mastercard® Global Service – 24-hour assistance with lost and stolen card reporting, emergency card replacement, and emergency cash advance offered worldwide – as well as Airport Concierge (a 15% savings on airport meet and greet services), Identity Theft Resolution, and Priceless Cities. You’ll also have access to convenient online account management tools, so you can view account activity, track and analyze your spending, identity theft resolution services, and much more.

Apply for This Card if You:

  • Want to establish or build your credit
  • Don’t want to pay an annual fee
  • Will take advantage of a lengthy intro APR for both purchases and balance transfers
  • Want the protections and perks Mastercard® offers cardholders

 

Editorial Disclosure — The opinions expressed on BestCards’ reviews, blogs, and all other content on or relating to the website are solely those of the content’s author. They are not reflective of any card issuer or financial institution and have not been reviewed or approved by these entities unless otherwise noted. Further, BestCards lists credit card offers that are updated daily with information believed to be accurate to the best of our knowledge.

Published: September 6, 2019 5:56 pm

Advertiser Disclosure – BestCards is an independent, Florida-based credit card comparison platform. Many of the card offers that appear on this site are from companies from which BestCards receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). BestCards does not include all card companies or all card offers available in the marketplace.