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Regular Contributor
Posts: 159
Registered: ‎03-06-2008
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Secured to Unsecured??

Does anyone know if Orchard Bank's secure card can be converted into an unsecured card in the future? I saw on BOA's website that their can and would eventually be converted in about 9 mo's of good history but I have not been able to find anything on Orchard Bank..
 
~AttaGirl
Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007
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Re: Secured to Unsecured??

Regular Contributor
Posts: 159
Registered: ‎03-06-2008
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Re: Secured to Unsecured??

Thanks Ilecs.
 
 
 
 
   I took the chance and did a preapproval thru Orchard and recieved the regular VISA with a cl of 300, it isnt much but I'll take it for now.  I keep telling myself ' take baby steps, take baby steps' :smileyhappy:
Established Member
Posts: 21
Registered: ‎06-10-2008
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Re: Secured to Unsecured??

I spoke to Orchard today about converting my secured credit card to an unsecured card and they informed me that I could apply to have my card converted to an unsecured card after 1 year.  They said I could keep the same card number and it would continue to report on my credit report from the day I first opened the account.  They gave me the number to the bank where funds are secured to find out the process for getting my secured funds returned. 
Established Contributor
Posts: 851
Registered: ‎07-01-2008
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Re: Secured to Unsecured??

Hmmm Orchard told me 4 days ago that the acct must be in good standing for 18 months. Then they review your acct for a Non-Secured acct..
I called the backdoor number for this and this is the responce they gave me.
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