Orchard Bank Classic MasterCards

If you have a good credit score, then you should be looking for other premium cards because Orchard Bank Classic MasterCard is, from what I can tell, for people with poor credit or low credit score but hoping to improve their credit by using a credit card that fits them responsibly. The cards, with four different varieties including  Platinum, Gold, Classic and Secured, are issued by HSBC Bank Nevada, N.A., which also operates the HSBC Direct Online Bank.

The Classic Card is ideal for people who are interested in establishing better credit but having trouble obtaining a premium card. If you are in need of a credit card that provides the opportunity to improve your creditworthiness, then you may find one of the Orchard Bank Classic MasterCard to be a good fit.  Benefits of the Classic Card include acceptance at millions of locations worldwide. In addition, cardholders also receive online account access as well as e-mail and text message payment reminders.  Upon approval, you may qualify for a six-month 0% introductory rate on purchases and balance transfers, depending on your credit profile.

The Classic Card charges a $49 annual fee plus another $49 account processing fee. The card currently has a variable purchase APR of 14.9%. For people with really poor credit history, the Secured Card may be approved (which card will be approved depends on the screening during the account application process), which requires a $200 minimum security deposit but has a lower 7.5% APR and $35 annul fee. The annual fee is waived for the first year.

Other fees charged include a Cash Advance Fee of 5% ($10 minimum) and 3% foreign transaction fee the U.S. dollar amount on transactions made in a foreign currency.

If you have a poor credit, then you may want to check out Orchard Bank Classic MasterCard if you are shopping for a credit card.

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