Orchard Bank Secured MasterCard is meant for those having a limited or poor credit history. Reasonable annual fee, which is waived for the first year is the major benefit of this card.Orchard Bank Secured MasterCard assist people by re-building their credit through exceptional customer services.
APR associated with this card varies among applicants and lowest APR is fixed at 7.90 percent.
Benefits of Orchard Bank Secured MasterCard:
- The card has an annual fee of $35, waived for first year
- It provides online account access, emergency card replacement and fraud protection services
- It is designed to help cardholders for establishing credit
- Through this card, one can earn interest annually on deposits
- This card also reports to three major credit bureaus
Important Information on the card:
APR:
There is no introductory APR for this card. A standard rate of 7.90 percent will be applied immediately. Lowest average APR is variable. It can change according to fluctuations in US prime rates.
Rewards:
The card does not have any reward.
Requirement of Credit Record:
Credit record is dependent upon FICO score recommendations and presently it is between 500-699.
Approval Time:
After applying on-line, the system shows approval status. The card normally takes one to two weeks to reach after your application is approved.
Other offers:
- It’s good to establish credit in your name
- It’s accepted globally, including website purchases and reservations
- Updated account information