topic Re: Orchard Bank CC in General Credit Topics

Orchard Bank CC

Anonymous — Wed, 20 Jun 2007 18:32:58 GMT

will orchard approve me for a CC with scores of EQ 530??

Re: Orchard Bank CC

nathan — Wed, 20 Jun 2007 18:54:12 GMT

I got approved with a 545 EQ. 300 limit, 108 annual fee. Not the best choice, but you got to start somewhere.

Re: Orchard Bank CC

Anonymous — Wed, 20 Jun 2007 19:18:42 GMT

Honestly you would have been better off with a secured card. In the long wrong that $108 Annual Fee would wind up being more thatn let's say the $300 ( or more you choose) you could have started a secured card with a much lower Annual Fee.

If it's not to late to get out of the card, I would.

Re: Orchard Bank CC

Anonymous — Wed, 20 Jun 2007 20:41:09 GMT

well they declined me even though I have an hsbc account that has been in good standings for 7 months,,,,now Ive wasted a precious Inquirey and got zilch out of it..........can I make some type of counter offer with them like a secured card without another inquirey

Re: Orchard Bank CC

Tuscani — Wed, 20 Jun 2007 20:54:17 GMT

motoracer wrote:

well they declined me even though I have an hsbc account that has been in good standings for 7 months,,,,now Ive wasted a precious Inquirey and got zilch out of it..........can I make some type of counter offer with them like a secured card without another inquirey

They didn't even offer the secured card?

Re: Orchard Bank CC

Anonymous — Wed, 20 Jun 2007 21:01:38 GMT

yes they did but they said I would have to apply again since it was a different card,,,she did say I was guranteed to get the card but they would have to run my freakin credit again so that is 2 inquireys on my report in one day,,,,,Tuscani what do you suggest I do? If I would have known that the secured card looks like a normal card on my CR I would have just applied for the secured card and put 5k on the card to show the CL of 5000

Re: Orchard Bank CC

Tuscani — Wed, 20 Jun 2007 21:10:45 GMT

motoracer wrote:

yes they did but they said I would have to apply again since it was a different card,,,she did say I was guranteed to get the card but they would have to run my freakin credit again so that is 2 inquireys on my report in one day,,,,,Tuscani what do you suggest I do? If I would have known that the secured card looks like a normal card on my CR I would have just applied for the secured card and put 5k on the card to show the CL of 5000

I would get the secured. Two Inqs are not going to kill you.

Re: Orchard Bank CC

GLMRGIRL717 — Thu, 21 Jun 2007 14:46:37 GMT

I wouldn't go with the secured card from Orchard Bank. If you are going to go with a secured card, go with Bank of America. Much lower annual fee and interest rate. Not to mention they usually graduate you to an unsecured card with a higher limit and refund your deposit after about 9-12 months.

Re: Orchard Bank CC

Anonymous — Thu, 21 Jun 2007 15:09:42 GMT

I agree try BoA first, anywhere you can save a buck or two is a good thing.

Re: Orchard Bank CC

Anonymous — Thu, 21 Jun 2007 17:46:49 GMT

Attempt the BoA secured card first... And after a year or so of using it wisely, you'll get much better "pre-approved" offers.

Re: Orchard Bank CC

Anonymous — Fri, 22 Jun 2007 16:22:54 GMT

If I offer to put down 3k on the BOa secured card do you think they would approve me with scores of TU500 EX535 EP530? Im scared to have another inquirey on my account only to be delined?

also does the 3k CL look better than the minum on my CR?

Re: Orchard Bank CC

Anonymous — Fri, 22 Jun 2007 16:31:05 GMT

I would go for it. The secured card is the easiest to get approved for.

$3K will give you a great credit limit and you will start off with very low utilization

I just say go for it. I'm willing to bet you'll get approved.

Re: Orchard Bank CC

Anonymous — Fri, 22 Jun 2007 16:37:02 GMT

ok thanks u guys are great thanks for all the help,,,this board is wonderful

Re: Orchard Bank CC

Anonymous — Fri, 22 Jun 2007 16:55:23 GMT

PLEASE let us know how you made out. I'm really curious to it turns out for you

Re: Orchard Bank CC

Anonymous — Fri, 22 Jun 2007 16:56:28 GMT

will do!!!! thanks for the help!! cross your fingers...lol