topic Re: Orchard Bank CLI ??? in Credit Cards

Orchard Bank CLI ???

danisgods — Fri, 27 Aug 2010 18:34:31 GMT

Guys, I was wondering how long do i have to wait untill i get a CLI from Orchard Bank?

i have this card for like 6 months and nothing, only a $300 dollars CL , if it doesn't chance soon, i think im better of closing this account...

what you say?

PS(perfect payment history)

Re: Orchard Bank CLI ???

Creditaddict — Fri, 27 Aug 2010 19:48:01 GMT

HSBC has a hold on customer initiated CLI at this time... some people have talked about HSBC reps telling them they hope to release this in time for the holidays this year and start granting CLI again.

Re: Orchard Bank CLI ???

laz98 — Fri, 27 Aug 2010 22:37:39 GMT

i don't think they do many auto-CLIs. i called twice & got a $200 increase each time. the card only has a $700 limit. i got it back in nov '06 & haven't gotten a CLI since mar '08.

Re: Orchard Bank CLI ???

Safe4Me2 — Fri, 27 Aug 2010 23:33:49 GMT

I got a $200 auto CLI this month. I've received 2 customer initiated CLI's for $100 each. This account is nearly 2 years old.

Re: Orchard Bank CLI ???

Anonymous — Sat, 28 Aug 2010 14:46:38 GMT

I also just received an auto cli of $200 this month. I had called before and they told me they were not doing cli. But i noticed a trend. If you are using your card heavily and carrying a balance on it, they tend to be increasing your limit.

I have had this card since 04/09 and have had one customer initiated CLI for $100 12/09 and auto cli this month for $200. They also waived half my annual fee back in April.

Re: Orchard Bank CLI ???

Anonymous — Wed, 22 Sep 2010 00:08:07 GMT

That's good news. Been using mine heavily, but it's in a "safe place" at the moment (whoops) with a $0 balance (well, they say $14). I tried calling them twice today to consolidate a five-year-old CO, also HSBC, in hopes of increasing my CL and getting the baddie paid off. Both times, the operator put me on hold for over 5 mins to transfer me to aonother dept., and both times they dropped the call while I was on hold. The second time, the operator recited some script about "no longer offering consolidations as a result of federal legislation." I said I didn't understand why federal legislation would have any effect on consolidating accounts, and got a mealy-mumbly non-answer before going to eternal hold and call-drop land.

I wonder whether I should try to get a better card. Between this, my older $500 CapOne, and several store cards (all with higher lines than this one), I'm ready to move up.

Re: Orchard Bank CLI ???

Anonymous — Thu, 23 Sep 2010 03:42:21 GMT

I got a CLI out of the blue today from orchard for $200 to bring my limit up to $500

I got the card last Dec. This was my first rebuilder card. I`m suprised about the increase though. I burnt them not once, but twice the last seven years.... 2004 & 2007.

This time I have been better.... I pay ALL of my balances in full every month the day before their respective report dates to keep up the appearance of low useage. With the $300 limit, it wasnt uncommon to use almost the entire line. With Orchard though , I always leave $1 balance to avoid the account not updating due to a zero balance.

Current scores.... EQ 639, TU 586

Re: Orchard Bank CLI ???

Anonymous — Thu, 23 Sep 2010 20:22:58 GMT

Pardon me if it is a newbie question but.

Looking at the orchard website with my account up. How can i distinguish when the date the card reports to CB's. I would like to do the same and keep the balance low so it wont report high but also not 0.

Thank you for any help!

Re: Orchard Bank CLI ???

laz98 — Thu, 23 Sep 2010 20:28:50 GMT

@Anonymous wrote:
Pardon me if it is a newbie question but.

Looking at the orchard website with my account up. How can i distinguish when the date the card reports to CB's. I would like to do the same and keep the balance low so it wont report high but also not 0.

Thank you for any help!

orchard will report whatever your balance is on the last day of the month, but sometimes their reporting is a month behind.

Re: Orchard Bank CLI ???

haulingthescoreup — Thu, 23 Sep 2010 20:33:43 GMT

@Anonymous wrote:
Pardon me if it is a newbie question but.

Looking at the orchard website with my account up. How can i distinguish when the date the card reports to CB's. I would like to do the same and keep the balance low so it wont report high but also not 0.

Thank you for any help!

The website won't tell you this.

HSBC and Orchard bank cards (as opposed to purely store cards, like the HSBC Best Buy store card) report your balance as of the last business day of each month. However, they typically don't submit this info for another week or so. So you might see the new balance start showing up as of the 7th - 10th of the following month.

It should show up right away (after being submitted) on Experian, and take another 3-4 days to several weeks for Equifax and TransUnion, generally around 5 days.

Most other CC's update on their individual statement dates.

If you happen to have a credit monitoring service, or if you pull an individual report, would you mind posting back whether it actually was your balance as of the last day of the month, instead of on your statement date? Other cardholders have reported this end-of-the-month thing, and I keep typing it over and over and over, but I'd love to have it re-confirmed, lol.

eta: laz98 out-typed me, being much more economical of words.

Re: Orchard Bank CLI ???

Anonymous — Thu, 23 Sep 2010 22:14:53 GMT

Well i think you are right about them being a month behind a lot.

I did one of my 3 free reports on 8-31-10 (i do one every four months)

they only had the orchard card updated as of June 2010 and this was pulled aug 31st.

The ok's listed at the bottom in green went to June however the date updated was listed as 7/2010.......all on aug 31st.

It seems that they just lag way behind....which is upsetting as that card has like 9%util right now (just to show something) and they are still reporting like 45% (its a crappy 300CL).

I will try to update again later

Re: Orchard Bank CLI ???

Anonymous — Fri, 24 Sep 2010 01:37:14 GMT

I`ll chime in with my .02 on HSBC reporting.

On my orchard mastercard.... the report date seems to be the last friday in the month. On my HSBC Discover card, the report date is also the statement date of the 24th.

Re: Orchard Bank CLI ???

Anonymous — Wed, 01 Dec 2010 13:56:34 GMT

Have had the card for 7 months, used heavily aprox 250 of the 300 limit monthly, each bill I left a $25-30 balance on it til my latest bill which I paid it all off. Called last night and was prepared to close the account, was transferred to a supervisor, I complained about the high AF $49 and low cl$300, he raised my CL to $500 and dropped the AF this year to $29...

Re: Orchard Bank CLI ???

OnWayUpinTexas — Wed, 01 Dec 2010 17:15:31 GMT

Congratulations on the CL increase. It is SLOOWWWW going with OB, in my experience. In a year and a half, I've had two auto CLIs of $200 each, to move from $300 like you to now $700. I was stupid and opened a Household Bank MC recently -- don't know why I thought I would get more than a $300 CL -- but that is what I got. SO, I'm not expecting an auto increase from OB anytime soon, since I now have a combined CL with HSBC of $1000 ($700 on OBMC and $300 on HBMC).

Both of those are PIF now, and my plan is to pull them each out once a month and put a tank of gas on each, and that's it ... and see what happens.