03-15-2009 10:26 AM
03-15-2009 12:34 PM
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.
03-15-2009 03:13 PM
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?
03-15-2009 03:32 PM
03-15-2009 03:37 PM
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.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.