I believe that having a personal credit card can allay most of my financial-related worries – whether it be spending money for emergency expenses or situations, having access to cash flow, or simply having some financial flexibility in my life to purchase what I need or want.
For those like me who want easy access to their financials and who want to experience a host of benefits, an Ocean credit card offered by Ocean Bank can be a great choice. From travel rewards to cash rewards, I am are sure to find that these credit products offer great perks and more.
Are you thinking of applying for an Ocean credit card? Read on to find out more about this card, what it has to offer, and if it is indeed the right choice for you.
- Range of Ocean Credit Cards
- Features and Benefits of an Ocean Credit Card
- Applying for an Ocean Credit Card
- Fees and Charges of an Ocean Credit Card
- Managing the Ocean Credit Card
Range of Ocean Credit Cards
Ocean Bank offers different types of credit cards for just about any spending goal.
There are five credit cards in total, three of which fall under the Personal Cards category while the two remaining fall under the Business Cards category.
Under the Personal Cards, Ocean offers a Platinum Rewards Card, an International Platinum Rewards Card, and a Platinum Card. For Business Cards, they currently have a Business Rewards Preferred Card and a Business Rewards Select Card.
Each one of these credit cards by Ocean provides cardholders with an extensive range of benefits, including no annual fee and exclusive rates and discounts. These cards also ensure top-notch security and acceptance around the world.
How to Choose the Right Card for You
Ocean credit cards work by providing eligible and approved individuals access to a set amount of credit based on certain criteria.
Once I have been approved and have my credit card in hand, I can make online or in-store purchases, take advantage of installment programs, and pay bills, among other uses.
The features included with each card vary by card. In order to find the one that’s right for me, I carefully weigh the advantages and offerings of each card to determine what suits my needs. Specific features include earning rewards for cashback and travel, building credit, and more.
Features and Benefits of an Ocean Credit Card
To truly flesh out the benefits that come with owning an Ocean credit card, I will focus on the Ocean Platinum Rewards Card from Ocean Bank. One of the key highlights of this particular card is that it has no annual fee.
As part of its special introductory offer, I can enjoy 0% APR on purchases and balance transfers for the first 12 billing cycles. Afterward, it will revert to the variable APR, which ranges from 9.74% to 17.74%.
True to its name, the Ocean Platinum Rewards card lets me earn points from qualifying net purchases by enrolling in its ezCard program. Using these points comes with a range of options. Cardholders earn ScoreCard Rewards points for every $1 I have spent in qualifying net purchases.
I can then use these points for cash rewards and save them into my account or apply the points towards my statement credit. I can also use them for travel opportunities and accommodation or for shopping for brand-name products and luxury items.
Other Highlights that Come with the Card
The Platinum Rewards Card from Mastercard does not just stop with global acceptance. It also gives me the chance to extend the benefits and privileges to my family members, provided they are at least 15 years of age. In fact, up to four cards can be given per account.
Zero liability protection is also extended to cardholders. In case my Ocean credit card is stolen, I can breathe a little easier knowing I won’t be liable for any unauthorized charges or purchases made through my account.
To prevent this from happening, I highly praise Mastercard for its ID Theft Protection. This gives me the peace of mind I need knowing that there are services dedicated to detecting fraudulent activities, identity theft, and more from the onset.
Applying for an Ocean Credit Card
Applying for an Ocean Credit Card will require me to download the application form from Ocean Bank’s website. Once completed, I can submit it to an account officer at a branch near me or mail the form to Ocean Bank at their P.O. Box 440601, Miami, Florida 33144
The application form requires me to provide my name, email address, date of birth, contact numbers, home address, and Social Security number.
I am also required to disclose my monthly rent or mortgage payment and my income and assets. The company also requires information about my employment status, my position at work, and my employer, and the length of my employment.
Once I have sent in the application, I patiently wait for the bank to review and approve my credit card. If approved, I am assigned a credit limit determined at the bank’s discretion based on my creditworthiness and the details submitted on my application.
Eligibility Requirements
The main eligibility requirement for applicants of an Ocean credit card, particularly the Platinum Rewards Card, is to be at least 18 years of age. However, there may be additional requirements for applicants under the age of 21.
There are no other eligibility requirements given by Ocean Bank.
Individuals who have a strong and solid credit history are most likely to be approved for an Ocean credit card.
Fees and Charges of an Ocean Credit Card
There are fees and charges that come with owning an Ocean credit card. These fees vary from one card to another depending on what an eligible person has been approved for.
To keep enjoying the benefits and privileges afforded by the Platinum Rewards Card powered by Mastercard, I am sure to always pay dues on time.
This way, I can avoid incurring additional charges and penalties on my account. Below are the fees associated with this credit card.
- APR for Purchases and Balance Transfers – Introductory APR of 0% for the first 12 billing cycles; goes back to a variable APR of 9.74% to 17.74% depending on one’s creditworthiness
- APR for Cash Advances – 21.74%
- Annual Membership Fee – None
- Balance Transfer Fee – $10 or 2% of the amount transferred (whichever is higher)
- Cash Advance Fee – $10 or 4% of the amount advanced (whichever is higher)
- Foreign Transaction Fee – 3% of the amount made in U.S. dollars
- Late Payment Fee – Up to $37
- Over-the-Credit Limit Fee – None
What You Need to Remember
As a cardholder of an Ocean credit card, you are allowed to pay the minimum amount required to keep enjoying the benefits of the card.
However, to avoid paying interest, it would be wise to pay the full amount instead. Paying on time is also one practice that cardholders should always remember.
Not only does this help you avoid paying excessive interest fees, but it also reflects upon your creditworthiness and can improve or deteriorate your credit score.
Managing the Ocean Credit Card
I can easily manage my Ocean credit card in a number of ways. The most common of these is through online banking. All I need to do is enroll my credit card and sign in with my user ID.
I also have the option to do mobile banking on the go with a dedicated Ocean Bank mobile app.
The app is available for Android and Apple users on the Google Play Store and the App Store, respectively.
I can check out my account and statements, pay my bills and credit cards, transfer money, make deposits, and more.
Ocean Bank Address and Contact Information
For questions regarding the credit card offerings and rates, as well as other aspects, interested applicants may reach out to Ocean Bank by phone.
Their Contact Center can be reached at 305-569-5000 or 844-OCEAN4U (1-844-623-2648) from Mondays through Fridays from 8 A.M. to 6 P.M. EST.
The bank’s headquarters is located at 780 NW 42nd Avenue, Miami, Florida 33126 5597. I can also email Ocean bank at [email protected] with any inquiries.
The Bottom Line
I believe that the Ocean Credit Card is definitely a worthy option for those who are considering getting a credit card. Its Platinum Rewards Card offers a wide range of benefits that give me more control over my finances and rewards. With its cash, travel, and shopping privileges, it cannot be denied that this card from Ocean is one of the more competitive offerings out there.
Disclaimer: There are risks involved when applying for and using credit products. Ensure you consult the bank’s terms and conditions page before agreeing to anything.
References
App Store –
Ocean Bank Mobile Banking on the App Store