I just did the prequalification for Orchard bank and it says I am prequalified for an Orchard Bank Mastercard. If I submit it to actually apply can I still be denied? I do not want to hurt my credit. This is the details. It doesn't say if it is securred or not but it does not require a down payment but it does require a $39 processing fee. Any advice?
To Apply for your MasterCard:
- Read the following Terms and Conditions
- Scroll to the bottom of the page
- Click "Submit Application"
Summary of Terms
See below for a summary of the rates, fees and other costs of this credit offer. The Cardmember Agreement, to be sent with the card, contains all Account terms. Account terms may change. We have the right to change your APRs, fees, and other terms in accordance with your Cardmember Agreement and applicable law. Reasons for change may include, but are not limited to, any change in your credit history, credit obligations, account performance, use of your credit lines, or our financial return. Notice of any changes will be provided to you as required by law, which may include the right to opt out of certain changes.
Interest Rates and Interest ChargesAnnual Percentage Rate
(APR) for Purchases | 19.90%.
This APR will vary with the market based on the Prime Rate. |
| APR for Balance Transfers | 19.90%.
This APR will vary with the market based on the Prime Rate. |
| APR for Cash Advances | 20.90%
This APR will vary with the market based on the Prime Rate. |
| Penalty APR and When it Applies | 29.49%
This APR will vary with the market based on the Prime Rate.
This APR may be applied to your account if you make a late payment.
How Long Will the Penalty APR Apply?: If your APRs are increased for this reason, the Penalty APR will apply until you make each Minimum Payment Due by the Payment Due Date for the next six consecutive billing cycles. |
How to Avoid Paying Interest
on Purchases | Your due date is at least 25 days after the close of each billing cycle. We will not charge you interest on purchases if you pay your entire balance by the due date each month. |
For Credit Card Tips from
the Federal Reserve Board | To learn more about factors to consider when applying for or using a credit card, visit the website of the Federal Reserve Board at http://www.federalreserve.gov/creditcard |
FeesAnnual Fee | $35
|
Processing Fee | A one-time fee of $39 due upon application for the Account*
|
Transaction Fees | |
Balance Transfer | Either $5 or 5% of the amount of each transfer, whichever is greater.
|
Cash Advance | Either $5 or 5% of the amount of each cash advance, whichever is greater.
|
Foreign Transaction | 3% of each transaction in U.S. dollars. |
Penalty Fees | |
Late Payment | Up to $35
|
Over The Credit Limit | Up to $25
|
Returned Payment | Up to $25 |
How We Will Calculate Your Balance: We use a method called "average daily balance (including new purchases)."
*When you use our optional payment by phone service as a method to pay the required up-front Processing Fee, you authorize us to initiate a one-time electronic funds transfer from your designated bank account or to process it as a check transaction. Please retain this authorization for your records.
IMPORTANT INFORMATION ABOUT
PROCEDURES FOR OPENING A NEW ACCOUNT
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
IMPORTANT INFORMATION
All Terms and Conditions disclosed are accurate as of 11/04/2010 and are subject to change. To find out what may have changed, write to HSBC Card Services, P.O. Box 80026, Salinas, CA 93912.
Certain optional products and services you select, such as Rush Delivery (if available), may have an adverse impact on the credit line you are assigned. If you select Rush Delivery, a fee will apply.
We apply the amount of your payment equal to the Minimum Payment Due at our discretion and generally to lower APR balances before higher APR balances. We apply any payment in excess of the Minimum Payment Due on your account to higher APR balances before lower APR balances.
"You" and "your" refer to persons who apply for the Account. "HSBC Bank Nevada", "we", "us", and "our" refer to HSBC Bank Nevada, N.A.
If you have a credit card issued by HSBC Bank Nevada, N.A. or HSBC Bank USA, N.A., you may not qualify for this offer.
Notice to California Residents:
Except as limited by applicable law, we may provide credit information about your account to our affiliates from time to time. This information may be used to qualify you for other credit offers. Married persons may apply for a separate account.
Notice to New York Residents:
Consumer reports may be requested in connection with the processing of this application and any resulting account. Upon your request, we will inform you of the names and addresses of any consumer reporting agencies which have provided us with such reports.
Notice to Ohio Residents:
The Ohio laws against discrimination require that all creditors make credit equally available to all creditworthy customers, and that credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio Civil Rights Commission administers compliance with the law.
Notice to Wisconsin Residents:
If you are married, by submitting your credit card application you are confirming that this credit card obligation is being incurred in the interest of your marriage and your family. Wisconsin law provides that no agreement, court order, or individual statement applying to marital property will adversely affect a creditor's interests unless prior to the time credit is granted the creditor is furnished with a copy of the agreement, court order, or statement, or has actual knowledge of the adverse provision. If the credit card for which you are applying is granted, you will notify the Bank if you have a spouse who needs to receive notification that credit has been extended to you.
Certain restrictions, limitations and exclusions apply to MasterCard Benefits, and benefits may not be available in every state. Coverage is underwritten and administered by companies not affiliated with MasterCard, Visa or HSBC Bank Nevada, N.A. Full details about these programs will be provided upon becoming a cardmember.
Orchard Bank, Household MasterCard and HSBC credit cards are issued by HSBC Bank Nevada, N.A. in Las Vegas, Nevada and serviced by its affiliate HSBC Card Services Inc. Not available to those consumers residing outside the United States.
MasterCard is a registered trademark of MasterCard International, Incorporated.
I'm ready to get the buying power I deserve!
By clicking SUBMIT APPLICATION, I acknowledge that I have read, understand and agree to the terms and disclosures provided above, and wish to apply for a credit card. Furthermore, I agree that:
- I am of legal age in my state of residence.
- I have a telephone and a physical address.
- This information provided in my online application is complete and accurate.
- I authorize you to obtain my credit report and to keep my application on file for future reference.
- I agree that if you issue a credit card to me, by submitting this application, using or permitting another to use my credit card account, I agree to be bound by the terms and conditions contained in the Cardmember Agreement, that will be sent to me with the card.
- I will be bound by the Terms and Conditions of the Cardmember Agreement and Disclosure Statement, as governed by Federal and State of Nevada laws.
- I agree to receive the Privacy Statement at a later time, along with other Account information, to avoid delaying any transaction.
