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Orchard CC Changeover

Established Contributor

Orchard CC Changeover

Yesterday I received a packet from Cap one regarding my Orchard Bank card. It appears it will change over to a Cap 1 Mastercard in July. However, it didn't detail what my terms would be, so I'm guessing I'll still have the same crappy APR, CL, and AF. And now I'll have 2 of the same card.

 

I hope there are more options for changes in the future, otherwise I'll likely get rid of both. It's looks like we may still have to go through the EO to get anything done even after the transition is complete.


Starting Score: 515
Current Score: EQ08 711 EX08 731 TU08 735
Goal Score: 740+

Amex BCP $25k | Discover IT $15.7k | Cap 1 QS $10k | PSECU $10k | Citi DC $9300 | Citi DP $6800 | Barclay Ring $6500 | PayPal Extras MC $5045 | DCU $5000 | Chase Slate $5000 | Barclays AA $4100 | Chase Freedom $4000 | Union Plus $1000 | Target $500
Message 1 of 25
24 REPLIES
Frequent Contributor

Re: Orchard CC Changeover


Simply827 wrote:  ....And now I'll have 2 of the same card.

 


Well, if it's any consolation:

Capital One allows you to customize your card's appearance - so at least, you can make it LOOK like you have two different cards..Smiley Wink

Message 2 of 25
Established Contributor

Re: Orchard CC Changeover

Lol NSF


Starting Score: 515
Current Score: EQ08 711 EX08 731 TU08 735
Goal Score: 740+

Amex BCP $25k | Discover IT $15.7k | Cap 1 QS $10k | PSECU $10k | Citi DC $9300 | Citi DP $6800 | Barclay Ring $6500 | PayPal Extras MC $5045 | DCU $5000 | Chase Slate $5000 | Barclays AA $4100 | Chase Freedom $4000 | Union Plus $1000 | Target $500
Message 3 of 25
Frequent Contributor

Re: Orchard CC Changeover

Yeah, I got the same mailing yesterday. Holding off until the completed transition to see if the CapOne EO will consider a CLI on the account without a HP like the Orchard EO does now. If they don't budge I'll be closing the card before the AF hits again.

BofA Cash Rewards Visa Sig $18,700 /Citi Double Cash $18,600 / Barclaycard Rewards $8,900 / CapOne Platinum $7,450 / BofA BankAmericard Visa $6,500 / Discover It $5,300 / Chase Freedom $1,500 / Lowe's $20,000 / JCP MC $10,000
Message 4 of 25
Senior Contributor

Re: Orchard CC Changeover

They aren't going to make it look like a newly opened account, right?
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| BOA Better Bal $17.5k |Wmt Discover $12.5k | BR Visa $17.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Message 5 of 25
Frequent Contributor

Re: Orchard CC Changeover

I don't think so, since the cards already report as CapOne on credit reports... but now you have me paranoid!

BofA Cash Rewards Visa Sig $18,700 /Citi Double Cash $18,600 / Barclaycard Rewards $8,900 / CapOne Platinum $7,450 / BofA BankAmericard Visa $6,500 / Discover It $5,300 / Chase Freedom $1,500 / Lowe's $20,000 / JCP MC $10,000
Message 6 of 25
Established Contributor

Re: Orchard CC Changeover

I received a packet too about my housebank card. It came with a booklet with the benefits of a platinum mastercard. It did not go into terms per se but it said how the minimum payment would be the greater of $25 or 1% of the balance plus the membership fee divided by 12. (something like that) The last part has me worried because are they saying even if I had a zero balance (like I always do) that my statement will report a balance of a portion of the annual fee? I am really thinking about canceling this card. Something in my gut tells me to cut it loose.

100% Ficos: EX 780 , TU 783, EQ 776 inquiries last 2 years/1 year/6 months: EX-0/0/0, TU-0/0/0, EQ-1/0/0~ last credit card app 6/24/13- New car loan 3/8/2014- Discover IT $12,500~Kohls $1000~Amex BCE $4000~ Walmart Discover $7500~NFCU Signature CashRewards $23,300 Chase Freedom MC $6000~ Chase Amazon Visa $1900~ Cap 1/HSBC MC $3800~ Amazon Store $7000~ Fingerhut $1050
Message 7 of 25
Senior Contributor

Re: Orchard CC Changeover

I gotthe same mailing howver my orchard caredd has been closed over 6 months its weird I got it

Message 8 of 25
New Contributor

Re: Orchard CC Changeover

Could this be the same as my sears mastercard tbat recently got changed to "orchard bank", but is also called capital1, and is reporting on my info as capital 1.?

I just got it back in August and regret it. Im thinking about closing the account.
Trying to garden again: Myfico Experian: 621, Myfico Equifax : 613, MyFico transunion: 639
Goal : 780

Message 9 of 25
Established Contributor

Re: Orchard CC Changeover

This should be interesting. The AF on my orchard ,and bbrz card were removed permanently months ago(confirmed as my anniversary was April no fees) , so I wonder which product they will be.



TU 715 No apps to 05/13 cash+ 5/13!!! 738 TU CSP April 13!!!CSP approved May 13!!!


Message 10 of 25