Can Orchard hurt my prospects with prime cards

[imovinup]

i had got my orchard card $300 and capital one secured card $1500 in 2011 and in the exact 2 years that i had them i received 1 cli from cap1 for 100 bucks 6 months after and a 100 dollar increase for orchard bank 8/2012 after calling and requesting . IMO these cards dont grow and at $29 annual fee with 22.9% interest cap1 (on my money) and $59 annual fee with 19.9% interest orchard bank these are only rebuilder cards until you get better one. i just closed both mines down this month i have 10 other accounts so im not worried aboout AAofA and im tired of begging for a $100 here and there. And it seems as if some CC companies match your other CC limits and i dont want these being in the mix anymore.

[p-]

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@imovinup wrote:

i had got my orchard card $300 and capital one secured card $1500 in 2011 and in the exact 2 years that i had them i received 1 cli from cap1 for 100 bucks 6 months after and a 100 dollar increase for orchard bank 8/2012 after calling and requesting . IMO these cards dont grow and at $29 annual fee with 22.9% interest cap1 (on my money) and $59 annual fee with 19.9% interest orchard bank these are only rebuilder cards until you get better one. i just closed both mines down this month i have 10 other accounts so im not worried aboout AAofA and im tired of begging for a $100 here and there. And it seems as if some CC companies match your other CC limits and i dont want these being in the mix anymore.

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My Orchard started at 300, and the limit is over 5 times that now.  Plus the EO at orchard waived my annual fee for life.  My Platinum rebuilder at Cap1 is now a 10k green cash, no fee, thanks to the EO.

IMO, Cap1 is two companies when it comes to cards, i.e. a rebuilder company, and a prime company.  You have to PC into a prime card to get real limits, good rewards, and waiver of fees.

[imovinup]

yes my orchard will never grow and because of the recent change to cap1 i shut it down becasue i got a regualar unscured card with them i shut down the secured card because i had no need for it since bofa and chase also gave me unsecure lines. with cap1 one it seems for me they have a limit of cards and in the future i want the venture card so this was the logically thing for me. im happy youve had great success i was just sharing my story i guess.

[JonStur]

The only thing that will hurt you is your scores and thin file at this point..in the past year and a half I've gotten an AMEX, a Discover, 2 co-branded Discover cards, 2 Visa Signatures. I still have 2 First Premier cards (Gold and Plat), and a Credit one, from my rebuilding. If your profile supports it, you will get a prime card..

[Liz44]

I agree with you imovinup, I called Orchard for a recon to increase my credit limit and was told by the EO that the card I have does not allow for credit increases.  :-(  I was declined for an increase based on that criteria.  I'm hoping that changes once they are completly taken over by Cap1.  I also received a $100 increase on my cap1 card not a lot but better than nothing, I Guess.  I also feel that other cc companies match your limits on new cards, very sad.

[Open123]

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@Liz44 wrote:

My question to you guys is by keeping the OB card open will that deter prime lenders from considering me for their cards? 

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No.

Usually, credit approvals are all computerized.  The only time it may be relevant, is if on "manual" review for a borderline or suspect approval, the issuer just wanted an excuse to decline your application, where you'll be given all the standard reasons, e.g. too many inquiries, too few accounts, etc.

[seattletravels]

I have Orchard and FPB on my report and didn't have any issue getting Citi and Discover.