does anyone know when the orchard bank cards are going to change to cap one

[lakerfan2011]

does anyone know when capital one is fully taking over

[LS2982]

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@lakerfan2011 wrote:

does anyone know when capital one is fully taking over

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No one knows for sure here yet, i'd keep your eyes open on the forums and eventually someone will have the news on it!

[Juan123]

No, theres no set time table, the acquisition is said to be approved Q2 of 2012... but thats just an estimate.

[corymcd88]

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@lakerfan2011 wrote:

does anyone know when capital one is fully taking over

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One person tells me one thing and I'm told another thing.

[HoldingOntoHope]

I'm sure several someone's know (as in C1 and Orchard exec's). They just don't participate in this forum or have the authority to disclose non-public information.

[Viper786]

Oh wow, this is the first i'm hearing of this. I was actually planning on paying off my Orchard Bank this month and closing it before I get hit by the annual fee (i think it's like $59 or something). This card served it's purpose for me (build credit so I can get some prime cards.) 

If I keep this card open, once it gets changed to Capital One, would it still have the same $320 limit it has now with the same annual fee? Or will it be converted into one of Capital One's cards?

[Anonymous]

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@Viper786 wrote:

Oh wow, this is the first i'm hearing of this. I was actually planning on paying off my Orchard Bank this month and closing it before I get hit by the annual fee (i think it's like $59 or something). This card served it's purpose for me (build credit so I can get some prime cards.) 

If I keep this card open, once it gets changed to Capital One, would it still have the same $320 limit it has now with the same annual fee? Or will it be converted into one of Capital One's cards?

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Your guess is as good as any of ours...

eta:  My suggestion is that if your credit profile won't suffer, go ahead and kill it.  $59 ain't worth it if you don't need it.

[Viper786]

That is true, I feel that $59 is not worth it. I now have an Amex Zync and Chase Freedom. Don't really need this Orchard Bank card anymore especially considering that I have a Capital One stuck at $500 for 7 years now.