The purpose of this work is to investigate the hydromagnetic oscillatory flow of a fluid bounded by a porous plate, when the entire system rotates about an axis normal to the plate. The fluid is assumed to be non-Newtonian (second grade), incompressible and electrically conducting. The magnetic field is applied transversely to the direction of the flow. Such a flow model has great significance not only of its theoretical interest, but also for applications to geophysics and engineering. The resulting initial value problem has been solved analytically for steady and unsteady cases. The analysis of the obtained results showed that the flow field is appreciably influenced by the material parameter of the second grade fluid, the applied magnetic field, the imposed frequency, rotation and suction and blowing parameters. It is observed in a second grade fluid that a steady asymptotic hydromagnetic solution exists for blowing and resonance which is different from the hydrodynamic situation.