Orchard Bank

[jocleveland]

Orchard EO is not showing any love.  I called them back and the nice lady I spoke to last week must of slept funny. She insisted they need to do HP's on all three bureaus.  I told he she was more than welcome on two but please only do a SP on EQ because of my recent approvals from USAA and Discover. That would even out my inquiries on EX, EQ and TU. She said sorry but they needed all three. All of that to maybe raise a stinking $300 CL?  Ain't gonna' happen.  I'll take the AAoA hit and in six months app for a different MC.  I told her sorry but I'll be perfectly happy with my new Discover,USAA and Chase cards.

[ItchyAppFingers]

I also had an Orchard Bank card from back in 2010. It was my first CC ever but it severed its purpose after a couple of years of building credit history and getting some great prime cards it was time to say goodbye to Orchard. only received one $100 increase from them bringing my limit to $400 and after 3 attempts to get another increase for the past 2 years I gave up on them. This year they hit me with a $79 af on a $400 CL I was NO Thanxs! and decided to close the card. :/

[jocleveland]

My AF was $59 last month!  Regardless of the lost dollars it became a personal. Someone mentioned on this board they may be trying to move out of sub prime. It may be true with Capitol but with their new toy, this Orchard customer, they failed miserably.  It certainly wasn't evident in my case.

[dzemboc77]

think people miss the point with cards like Orchard bank. They are for people with crappy credit. They make money because we had some kind of financial issue and at some point had bad credit. IF you want a higher CL best thing to do is use it monthly, pay it off on time and after a year or 2 when your score has recovered apply for a better card. I don't think your going to get a 1k or higher CL with orchard.  Might change after the merger with Cap1 and thats the only reason why I still have it. Waiting till 6 months after the merger. If no CLI then it goes to the shredder and I'll apply for a new card.

I agree with you if you have had the card for a year or more, used it responsible, your score has gone up a good ammount you should get a CLI but there not that card.

[Simply827]

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@dzemboc77 wrote:

think people miss the point with cards like Orchard bank. They are for people with crappy credit. They make money because we had some kind of financial issue and at some point had bad credit. IF you want a higher CL best thing to do is use it monthly, pay it off on time and after a year or 2 when your score has recovered apply for a better card. I don't think your going to get a 1k or higher CL with orchard.  Might change after the merger with Cap1 and thats the only reason why I still have it. Waiting till 6 months after the merger. If no CLI then it goes to the shredder and I'll apply for a new card.

I agree with you if you have had the card for a year or more, used it responsible, your score has gone up a good ammount you should get a CLI but there not that card.

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We do understand that Orchard is a subprime card. However, what I don't understand is that if my score has increased considerably and I have other prime cards, why would they not want to keep me as a customer? I don't find any of the Cap1 cards appealing enough to take 3 HPs for. So once I close out the card, which essentially they've forced me to do, I'm gone.