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Orchard CLI!

New Contributor

Re: Orchard CLI!

I too called Orchard Bank yesterday hoping for a cli just 3 weeks before my 1 yr anniversary, and to my surprise the rep tripled my limit from $300 to $900. Not bad, considering it's a subprime lender! At best I was hoping for $100, nor $600.
Valued Contributor

Re: Orchard CLI!


brownfox79 wrote:
I too called Orchard Bank yesterday hoping for a cli just 3 weeks before my 1 yr anniversary, and to my surprise the rep tripled my limit from $300 to $900. Not bad, considering it's a subprime lender! At best I was hoping for $100, nor $600.

Congrats seems like allot of folks are having success with there Orchard card.


Starting Score 3-31-08: EQ 582 TU 577 EX 625
Current Score 3-19-10: EQ 703 TU 712 EX No Clue
Goal Score: 800 By January Of 2012


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Established Member

Re: Orchard CLI!

Hi,

     I recently got an offer from orchard bank(HSBC) with 0% APR till feb 2010 with AF $39. I applied and was instantly approved with a CL of $500, the CL is very low especially with AF $39. I am thinking of canceling this card. What do you guys suggest?


Starting Score: 666
Current Score: 666
Goal Score: 750


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New Contributor

Re: Orchard CLI!

Asdeepu, since you've already took the hit on the inquiry and you've been offered 0% APR for a year, I wouldn't cancel so soon. Use them heavily (as I do), never let your statment report a balance over half your limit. Call and request a cli at 6 mnths, and right before the 1 yr mark. If HSBC doesn't budge at least you would've never paid any interest, or waisted the inquiry. $39 is a small price to pay for a year worth of positive payments. At least your AF is lower than mine, I pay a $59 AF. Hope this helps.
Valued Contributor

Re: Orchard CLI!


brownfox79 wrote:
Asdeepu, since you've already took the hit on the inquiry and you've been offered 0% APR for a year, I wouldn't cancel so soon. Use them heavily (as I do), never let your statment report a balance over half your limit. Call and request a cli at 6 mnths, and right before the 1 yr mark. If HSBC doesn't budge at least you would've never paid any interest, or waisted the inquiry. $39 is a small price to pay for a year worth of positive payments. At least your AF is lower than mine, I pay a $59 AF. Hope this helps.

 

I agree.

Starting Score 3-31-08: EQ 582 TU 577 EX 625
Current Score 3-19-10: EQ 703 TU 712 EX No Clue
Goal Score: 800 By January Of 2012


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Established Member

Re: Orchard CLI!

I will keep it. Thank you guys

Starting Score: 666
Current Score: 666
Goal Score: 750


Take the FICO Fitness Challenge