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Frequent Contributor
Posts: 424
Registered: ‎01-14-2009
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I already paid Orchard AF, can I get a refund

[ Edited ]

if I cancel the card?


The first statement has cut, I just got the card in Jan. 


I jumped the gun and paid b/c I didn't want a balance to show.



Message Edited by pazuzu on 02-10-2009 02:27 PM

No apps/new accts since 2011

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Valued Contributor
Posts: 1,749
Registered: ‎08-18-2007
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Re: I already paid Orchard AF, can I get a refund

I think if you call they may give you a pro-rated refund.


However just to note, you have already taken the ding for the inq and for having a new account on your report.


is there a reason why you want to cancel the card now?

Established Contributor
Posts: 619
Registered: ‎06-18-2007
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Re: I already paid Orchard AF, can I get a refund

You can get a refund of any card's annual fee if you ask to close the card and ask for a refund within 30 days.  I've done it.  They don't automatically refund it to you but they'll mail you a check if you ask for it.  They won't argue; it's the law.
Too many accounts; too many debts; lots of open credit, and lots of utilized credit. Scores somewhere in the 600s - I have no earthly idea exactly what number, but not 700 like it was, briefly.
Super Contributor
Posts: 6,211
Registered: ‎09-18-2007
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Re: I already paid Orchard AF, can I get a refund

I think with Orchard and HSBC they try to keep you as customer by reducing the AF and by giving CLI. Call them and tell them you want cancel the account and then you might be able to talk to a customer retention team member and they might try to give you a deal so they can keep you as customer.
Valued Contributor
Posts: 1,148
Registered: ‎04-23-2008
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Re: I already paid Orchard AF, can I get a refund

If you close an account within 30 days of the AF being assessed, then you are entitled to a full refund. In many cases, if the creditor knows that you are closing the account as a result of the AF, they will negotiate by waiving it. However, Orchard seems to be one of the ones who does not care if they lose you and will play hard ball on the AF. One of the reasons I cut them loose the second year I had them, terrible CL, ridiculously high IR and an AF they were not willing to part with, overall not worth the trouble unless you have no better choice for rebuilding credit. Hope that helps.

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