This is an updated review of the Orchard Bank Classic MasterCard. Use the links below to apply for a credit card with bad credit.
The Orchard Bank Classic MasterCard is actually a product of HSBC, the well known international bank, who also owns HSBC Advance, the online savings account product. The Orchard Bank Classic MasterCard credit cards are perfect for someone who needs to work on rebuilding their credit.
Whether you have no credit history, poor credit history, or if you’re recovering from a bankruptcy, this card can help you get your credit back. Building credit history takes time though, and a credit card, whether secure or standard, should be used wisely and seen as a long-term solution as a part of a larger plan to improve things. When you apply with Orchard Bank for a credit card, you may be offered a secure or an unsecured card, with different terms and conditions.
Low Annual Fees and Decent Rates
This card comes with an annual fee. The fees aren’t huge, like an American Express annual fee, but they are there. I would normally never recommend a card with an annual fee, but most cards of this type (no credit/poor credit) typically do have an annual fee. So at least these fees aren’t that high. The annual fee is $0-$74 the first year and $35-$79 per year thereafter.
On the flip side, these cards have pretty decent APR rates. And anyone with poor credit history or no credit history can apply and have a shot at one of these cards.
Other Features of the Orchard Bank Classic MasterCards
- An Excellent Credit Card for Rebuilding Credit Scores; Reports to 3 Major Credit Bureaus Monthly!
- Acceptance at Millions of Locations Worldwide, Including Website Purchases and Reservations
- Your Account Information is Updated and at Your Fingertips 24/7 So You Can Manage It Your Way
- Email and Text Messages to Remind You of Your Upcoming Payment Due Date with Online Enrollment
- On-Call Customer Service Representatives to Assist You with Questions or Concerns
Bottom Line: Thanks to the Orchard Bank credit card, you can apply for a credit card with bad credit. It’s one of the best cards on the market for those building credit. Low intro and annual fees. Better rate than most.
Your next step is to fill out the pre-qualifying application, find out what card you qualify for, and sign up…
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