Re: Orchard Bank Logic?

learnin113 · ‎02-29-2012

I'm curious to know if someone with a pretty high FICO, 750 or so happened to apply for the Orchard card, what their response would be. I'm betting...denied.

FrugalRican · ‎02-29-2012

Not sure I'd want to take the hit just to find out.

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namvet · ‎02-29-2012

@learnin113 wrote:
I'm curious to know if someone with a pretty high FICO, 750 or so happened to apply for the Orchard card, what their response would be. I'm betting...denied.

Probably not denied. Just a delay while they call a board meeting!

learnin113 · ‎02-29-2012

@namvet wrote:
@learnin113 wrote:
I'm curious to know if someone with a pretty high FICO, 750 or so happened to apply for the Orchard card, what their response would be. I'm betting...denied.

Probably not denied. Just a delay while they call a board meeting!

LOL, I'm sure there internal system is set up to consider it automatically as fraud.

crunching_numbers · ‎02-29-2012

It is also possible that one of those things reporting "rebucketed" you in the calculation to FICO they use inhouse.

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Anonymous · ‎02-29-2012

I'm in the 700s and they're offering me a $59 AF card. They lack any logic.

Revelate · ‎02-29-2012

@Anonymous wrote:
I'm in the 700s and they're offering me a $59 AF card. They lack any logic.

Flip it around: FICO in the 700's, why would you want their card in the first place?

Deterrent pricing model: you're not their target market; however, if you want a card really badly, they have a really bad card for you.

Orchard Bank Logic?

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