Orchard Bank Platinum MasterCard Review
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This is Orchard Bank's lowest-priced card, which means it's also the hardest to get.
Who the Orchard Bank Platinum MasterCard Is For
Credit Rating Required
About the Orchard Bank Platinum MasterCard
Pros
Cons
Rewards
APRs
Fees
Orchard Bank Platinum MasterCard Review
Orchard Bank, a unit of HSBC Bank, is one of the biggest credit card companies that caters to people with bad credit. It offers several different cards, including a secured card.
The Orchard Bank Platinum MasterCard is Orchard Bank's least expensive offering, which implies that it's also the hardest to qualify for. So if you have weak credit, but not really bad credit, this might be an appropriate card for you.
The annual fee ranges between $39 and $59, depending on your credit history, and the APR is a low 14.9 percent. There's no up-front processing fee; Orchard Bank's other unsecured cards charge $19 or $39 up front, plus much higher annual fees.
Orchard Bank will pre-qualify you in as little as 30 seconds - without affecting your credit score - after you complete its online application.
It will then tell you which cards you're pre-qualified for, then you pick out the card you want.
Orchard Bank also says it reports your credit behavior to all three major credit bureaus each month to help you build your credit score as long as you use your credit card responsibly.
Recommendation
This is Orchard Bank's best - meaning least expensive - unsecured credit card. If your credit is weak and you've had trouble getting other credit cards, check out Orchard Bank.
Visit Their Website
Visit Their Website
This is Orchard Bank's lowest-priced card, which means it's also the hardest to get.
Who the Orchard Bank Platinum MasterCard Is For
- People with poor credit who want an unsecured credit card.
Credit Rating Required
- Poor (below 620)
About the Orchard Bank Platinum MasterCard
Pros
- Quick online approval process.
- No processing fee.
- Low APR.
Cons
- High annual fee.
Rewards
- None.
APRs
- 14.9 percent on purchases
- Penalty APR: 29.49 percent.
Fees
- Annual fee: $39 to $59, depending on your credit history.
- Late fee: $35.
- Over-the-limit fee: $25.
- Balance transfer fee: Five percent of balance.
Orchard Bank Platinum MasterCard Review
Orchard Bank, a unit of HSBC Bank, is one of the biggest credit card companies that caters to people with bad credit. It offers several different cards, including a secured card.
The Orchard Bank Platinum MasterCard is Orchard Bank's least expensive offering, which implies that it's also the hardest to qualify for. So if you have weak credit, but not really bad credit, this might be an appropriate card for you.
The annual fee ranges between $39 and $59, depending on your credit history, and the APR is a low 14.9 percent. There's no up-front processing fee; Orchard Bank's other unsecured cards charge $19 or $39 up front, plus much higher annual fees.
Orchard Bank will pre-qualify you in as little as 30 seconds - without affecting your credit score - after you complete its online application.
It will then tell you which cards you're pre-qualified for, then you pick out the card you want.
Orchard Bank also says it reports your credit behavior to all three major credit bureaus each month to help you build your credit score as long as you use your credit card responsibly.
Recommendation
This is Orchard Bank's best - meaning least expensive - unsecured credit card. If your credit is weak and you've had trouble getting other credit cards, check out Orchard Bank.
Visit Their Website
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