Time to let go of Orchard

Anonymous · ‎03-23-2010

I just did a BT on my Orchard card. My new citi card was offering 0% interest on BT for the next 7 months. Once citi pays Orchard I'm closing the account. I was told by an Orchard rep today that they where no longer offering CLI. I was done when i heard that an it's time to end the relationship.

NinComPoop · ‎03-23-2010

I closed my Household Bank card a few days ago. They would not offer me a credit increase either, but I don't carry any hard feelings. They were relatively good compared to my other cards at the time, Continental Finance and First Premier. I maxed out at $500 for the credit line and I didn't want to pay for the $59 annual fee any longer so it was time to move on. Congratulations on doing the same. They have served their purpose.

Anonymous · ‎03-23-2010

@NinComPoop wrote:
I closed my Household Bank card a few days ago. They would not offer me a credit increase either, but I don't carry any hard feelings. They were relatively good compared to my other cards at the time, Continental Finance and First Premier. I maxed out at $500 for the credit line and I didn't want to pay for the $59 annual fee any longer so it was time to move on. Congratulations on doing the same. They have served their purpose.

The card was good to me for rebuilding but it's time to move on.

Anonymous · ‎03-24-2010

This is where we are currently. We've used Orchard/Household for a few years, and they have helped bring up our scores. Now I want to determine when we'll qualify for a 'real' CC.

Hairy_Satchel · ‎03-24-2010

Same Here. They served me well but refused to grow with me. I guess I'm no longer in there target market. Oh well.

creditreformer · ‎03-24-2010

i closed mine earlier this mo. on the 3 yr anniv. They wouldn’t cli me + would only waive ½ the AF. Didn’t feel like paying $40/yr for an 800 cl. Onto bigger/better ccs + I’ve already replaced the 800 cl (+ then some) that I lost by closing orchard.

RobertEG · ‎03-24-2010

Unless the card is charging you an annual fee, you are only hurting yourself if you close it.

You will lose your current CL on the card, and it may also result in their deletion of the account from your CR, thus resulting in loss of its age in your average age of accounts calculation.

This looks more to me like what we call a "sock drawer" card. Just put it in your sock drawer, and dont use it.

I would only close a card to avoid fees, not to "be rid of them."

Anonymous · ‎03-24-2010

The card has a $40 AF.

RobertEG · ‎03-24-2010

Good enough reason to chuck them to the circular file!

llecs · ‎03-24-2010

@Anonymous wrote:

@NinComPoop wrote:

I closed my Household Bank card a few days ago. They would not offer me a credit increase either, but I don't carry any hard feelings. They were relatively good compared to my other cards at the time, Continental Finance and First Premier. I maxed out at $500 for the credit line and I didn't want to pay for the $59 annual fee any longer so it was time to move on. Congratulations on doing the same. They have served their purpose.

The card was good to me for rebuilding but it's time to move on.

Will there be a memorial service?