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Senior Contributor
txjohn
Posts: 4,214
Registered: ‎09-12-2008
0

Bye bye Orchard

Cancelled my Orchard Bank CC today.  Had it for about 1.5 yrs with $750 CL.  Was actually my newest acct and substantially lowest CL.  And of course they offered to cut AF in half (credit back) if I stayed with them.  But I see this card as a hold back.

 

If I am going to spend, its going to be with a bank or CU that works with me and has Rewards :smileyhappy:

Credit Scoring 101 - Tuscani   *  Guide to Common Abbreviations
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09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
03/28/2009 TU: 814, EQ: 810, EX: 781 (02/12/2009)
05/18/2005 TU: 563, EQ: 580, EX: 549
New Contributor
Duplex
Posts: 74
Registered: ‎03-24-2009
0

Re: Bye bye Orchard

Wow!  You've come a long way in a year and a half.
Established Contributor
YoungEntrepeneur
Posts: 586
Registered: ‎03-03-2009
0

Re: Bye bye Orchard

Congrats! Must be a great feeling letting it go.
Senior Contributor
txjohn
Posts: 4,214
Registered: ‎09-12-2008
0

Re: Bye bye Orchard

Well, actually it's been about 4 years in the making.  And I have had a BoA card with $10k since 2006.  Don't know why I app'ed for Orchard, probably a popup late at night, didn't know who/what they were and said "hmmm, let's  see what they say" only to learn after it was a card not worth having at my stage of building back.  That's not to say they wouldn't have been a good fit a few years earlier.

Credit Scoring 101 - Tuscani   *  Guide to Common Abbreviations
Frequently Requested Threads * FICO High Achievers  *  FICO Score Estimator


09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
03/28/2009 TU: 814, EQ: 810, EX: 781 (02/12/2009)
05/18/2005 TU: 563, EQ: 580, EX: 549
Established Contributor
YoungEntrepeneur
Posts: 586
Registered: ‎03-03-2009
0

Re: Bye bye Orchard

I would close them too if I had a PenFed Cashback Visa. I can't be mad at you for that one.
Senior Contributor
txjohn
Posts: 4,214
Registered: ‎09-12-2008
0

Re: Bye bye Orchard

[ Edited ]

Actually went with the PenFed Travel Reward Visa.  Planning to use my Reward cards to pay for vacations.

 

I upgraded CapOne to a No Hassle Miles Reward Ultra, changed out Orchard for PenFed Travel, added Alliant and Discover Escape (is Discover Miles with double rewards).

 

Once my new CapOne gets here I will call in to transfer current $1K CL to new Reward card, then close original.

 

Plus Chase let me product change my WAMU Plat Visa nothing card ($3.5k) to a Freedom Reward.

 

Lastly, keeping my BoA Plat Plus $10k.  I wonder if they would product change/convert to World MC Reward?

 

No more builder cards! 

Message Edited by txjohn on 03-30-2009 10:58 AM

Credit Scoring 101 - Tuscani   *  Guide to Common Abbreviations
Frequently Requested Threads * FICO High Achievers  *  FICO Score Estimator


09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
03/28/2009 TU: 814, EQ: 810, EX: 781 (02/12/2009)
05/18/2005 TU: 563, EQ: 580, EX: 549
Regular Contributor
Kay_Cee
Posts: 201
Registered: ‎01-16-2008
0

Re: Bye bye Orchard

Awesome results you've had, TX!!  I'm dumping my HSBC with it's very generous $300 credit limit in October when they try to bill me for an annual fee and not until then, so I can tell them what to do with the AF and their card...:smileywink:

Senior Contributor
txjohn
Posts: 4,214
Registered: ‎09-12-2008
0

Re: Bye bye Orchard

Yeah, I should have done that.  I just paid the AF in January.

Credit Scoring 101 - Tuscani   *  Guide to Common Abbreviations
Frequently Requested Threads * FICO High Achievers  *  FICO Score Estimator


09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
03/28/2009 TU: 814, EQ: 810, EX: 781 (02/12/2009)
05/18/2005 TU: 563, EQ: 580, EX: 549
Frequent Contributor
lessons_learned
Posts: 312
Registered: ‎08-23-2008
0

Re: Bye bye Orchard

Wow, you've made such great strides in just a year.  What was the major difference in your reports from then and now?
Where I was 8/22/08 TU 581 EQ 554 EX 615
Where I am 7/30/09 EX 737 (FAKO) EQ 689 TU 745
Can't wait to see what my scores will be when all my accounts hit the 1 year mark!
Senior Contributor
txjohn
Posts: 4,214
Registered: ‎09-12-2008
0

Re: Bye bye Orchard

Nothing magical....just the same 'ole principles that are taught here.

 

And it has been 4 years in the making....not just 1.  Time, the one constant of credit.

Credit Scoring 101 - Tuscani   *  Guide to Common Abbreviations
Frequently Requested Threads * FICO High Achievers  *  FICO Score Estimator


09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
03/28/2009 TU: 814, EQ: 810, EX: 781 (02/12/2009)
05/18/2005 TU: 563, EQ: 580, EX: 549

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