Orchard Bank Classic MasterCard: Credit Card for People with Poor Credit
If you have a good credit score, then you won’t need these credit cards because the Orchard Bank Classic MasterCard credit cards are for those who have poor credit but are hoping to improve their credit by using a credit card that fits their credit profile. The Orchard Bank Classic MasterCards, coming with four different varieties Platinum, Gold, Classic and Secured, are issued by HSBC Bank Nevada, N.A.
If you are in need of a credit card to help you improve your creditworthiness, then you may find one of the Orchard Bank Classic MasterCards to be a good fit. The Classic Card is ideal for people who are interested in establishing good credit history but having trouble obtaining a premium card. The Classic Card from Orchard Bank is accepted at millions of locations worldwide where a MasterCard is accepted. In addition, cardholders also receive online account access as well as e-mail and text message payment reminders so you don’t miss a payment. Upon approval, you may qualify for a six-month 0% introductory rate on purchases and balance transfers, depending on your credit profile.
The Classic Card has an annual fee of $49 plus another $49 on-time account processing fee. The card currently has a variable purchase APR of 14.9%. For people with really poor credit, the Secured Card may be approved (which card will be approved depends on the screening process during account application). The Secured Card requires a $200 minimum security deposit but has a lower 7.5% APR and $35 annul fee, which is waived for the first year. Other fees charged include a Cash Advance Fee of 5% ($10 minimum) and 3% foreign transaction fee the U.S. dollar amount on transactions made in a foreign currency.
If you have a poor credit, then you may want to check out Orchard Bank Classic MasterCard when shopping for a credit card. Remember, whatever card you use, you have to use it responsbily in order for you to re-establish your credit. Check out how to improve your credit score for tips to stay on the top of your credit.
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