cancel
Showing results for 
Search instead for 
Did you mean: 

Orchard CLI!

tag
Anonymous
Not applicable

Re: Orchard CLI!

I too called Orchard Bank yesterday hoping for a cli just 3 weeks before my 1 yr anniversary, and to my surprise the rep tripled my limit from $300 to $900. Not bad, considering it's a subprime lender! At best I was hoping for $100, nor $600.
Message 11 of 16
Anonymous
Not applicable

Re: Orchard CLI!


@Anonymous wrote:
I too called Orchard Bank yesterday hoping for a cli just 3 weeks before my 1 yr anniversary, and to my surprise the rep tripled my limit from $300 to $900. Not bad, considering it's a subprime lender! At best I was hoping for $100, nor $600.

Congrats seems like allot of folks are having success with there Orchard card.

Message 12 of 16
Anonymous
Not applicable

Re: Orchard CLI!

Hi,

     I recently got an offer from orchard bank(HSBC) with 0% APR till feb 2010 with AF $39. I applied and was instantly approved with a CL of $500, the CL is very low especially with AF $39. I am thinking of canceling this card. What do you guys suggest?

Message 13 of 16
Anonymous
Not applicable

Re: Orchard CLI!

Asdeepu, since you've already took the hit on the inquiry and you've been offered 0% APR for a year, I wouldn't cancel so soon. Use them heavily (as I do), never let your statment report a balance over half your limit. Call and request a cli at 6 mnths, and right before the 1 yr mark. If HSBC doesn't budge at least you would've never paid any interest, or waisted the inquiry. $39 is a small price to pay for a year worth of positive payments. At least your AF is lower than mine, I pay a $59 AF. Hope this helps.
Message 14 of 16
Anonymous
Not applicable

Re: Orchard CLI!


@Anonymous wrote:
Asdeepu, since you've already took the hit on the inquiry and you've been offered 0% APR for a year, I wouldn't cancel so soon. Use them heavily (as I do), never let your statment report a balance over half your limit. Call and request a cli at 6 mnths, and right before the 1 yr mark. If HSBC doesn't budge at least you would've never paid any interest, or waisted the inquiry. $39 is a small price to pay for a year worth of positive payments. At least your AF is lower than mine, I pay a $59 AF. Hope this helps.

 

I agree.
Message 15 of 16
Anonymous
Not applicable

Re: Orchard CLI!

I will keep it. Thank you guys
Message 16 of 16
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.