Discover an alternative to traditional banking


The Orchard Bank Credit Cards: For Less Than Perfect Credit

There are few more stressful things thanfeatures like hotel reservation and car
dealing with dinged credit. Millions ofrental service. The Platinum MasterCard has a
Americans have experience with it, so there$39-$59 annual fee based on credit
is a large pool of experience and options toworthiness. The Platinum card has the most
draw from. The important thing to realize is(relatively) stringent credit history
that if you are determined to repair yourrequirements  of  these  four  cards.
credit, the right tools are available to help
you. One option is The Orchard BankThe Orchard Bank Gold MasterCard - The
MasterCard.Orchard Bank Gold MasterCard extremely
similar to it's Platinum cousin. With a
What  to  Expect  in  Generalmaximum initial credit line of $1000, the
Gold MasterCard has the same features, but a
There is no "one-size-fits-all" explanationslightly higher annual fee of $79, and a
for choosing credit cards to fix up your FICOprocessing fee of $19. As far as relative
score. There are, however, a few generalstrictness goes, the credit guidelines for
expectations across the category. Whether itthe Gold card fall in the middle of Orchard's
is true or not, credit vendors consider lowerlineup.
FICO scores as higher risk. That pretty much
means two things: higher interest rates andThe Orchard Bank Silver MasterCard - You
lower  credit  limits.guessed it: Silver. It's the logical next
step. And just like the Gold and Platinum
You can expect to see that for at least theMasterCard, the Silver offers all of the same
first year of the rebuilding process. Initialfeatures, albeit with a $49 annual fee in
credit limits will be anywhere from $250 toaddition to a $49 process fee. We expect to
$1000, most likely somewhere toward thesee more approvals on the Silver, but
middle or lower end. The third feature toprobably with higher interest rates and lower
expect from this category, includinglimits.
Orchard's cards, is an annual fee in addition
to precessing fees. These fees are one of aThe Orchard Bank Secured MasterCard - The
few ways that banks mitigates the risk ofSecured card is the bedrock of rebuilding bad
default.credit. If you have trouble getting approved
for the other offers, the this is the way to
What  to  Expect  from  Orchardgo. Secured cards, as the name implies,
require a security deposit prior to usage.
Orchard Bank, a branch of credit giant HSBC,Typically companies, including Orchard Bank,
has an industry-wide reputation as a "go-to"will ask for 100%-200% of the desired credit
card for those seeking to repair theirlimit upon approval. The Orchard Bank Secured
credit. Orchard Bank offers a few featurescards look and act just like a regular credit
across its credit card products. Firstly,card, and with time, can lead to unsecured
they promise an offer after the applicationcards  with  increased  limits.
process. While that may not mean an unsecured
card, they do have relaxed approvalIn general, all Orchard Bank cards share some
restrictions to get almost everybody started.common features. If you stay on top of your
They offer an array of cards with differentpayments and refuse to let yourself get
levels of obligations and creditbehind, then these cards will help you
requirements. Here are their primaryrebuild your credit; they do so by reporting
offerings:to the three major credit bureaus every
thirty days. This gives you an opportunity to
The Orchard Bank Platinum MasterCard - As theshow that you can handle credit card debt.
"Platinum" moniker might suggest, this is theThese cards are accepted at over 22 million
top of the line option from Orchard. Thelocations, and can get you a cash advance on
Platinum MasterCard comes with every featureover 770 thousand ATMs. Since it's
somebody recovering from bad credit couldinception, HSBC has helped over 2 million
hope for. The Platinum MasterCard will offerAmericans take the first step toward
a slightly higher credit limit and lowerrebuilding their credit.
interest rate for its users, and nice



1 A B C D E F 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125