The Orchard Bank MasterCard (OBM) was designed to meet the varied credit needs of Orchard Bank customers. Orchard Bank is now part of HSBC Bank, one of the largest and most reputable banks. OBM is a credit card that you can get to establish or even rebuild credit in your name.
These cards are accepted at millions of locations worldwide including website purchases and reservations. With these cards you can get discounts at many favored merchants, enjoy standard Online Bill Pay at no charge, and be able to receive email and text alerts to remind you of available balance and payment due dates, build credit, and more.
The Orchard Bank Classic Cards, such as the Platinum, Gold, Classic, and Secured cards, are for those looking for a card with built in benefits that can be used on a daily basis and provides the opportunity to establish better credit at the same time.
The Variable Purchase APR applies to credit card purchases and is between 14.90% and 28.90%. The Variable Balance Transfer APR is between 14.90% and 28.90% and applies to balance transfers and credit card checks, unless otherwise disclosed.
The APRs applied will depend on your credit worthiness.
The Orchard Bank Secured MasterCard is an excellent card for establishing or rebuilding credit in your name. It comes with a low 7.90% variable purchase APR, and the first year's annual fee will be waived. The Variable Balance Transfer APR is 7.90% and applies to balance transfers and credit card checks. You will enjoy all the built in benefits of an unsecured card but only you will know it is secured. Simply print and email your application with your minimum $200 deposit to get your card.
For the above cards, Variable Cash APR is 20.90% and applies to cash advances. APRs may increase to the Penalty APR if you fail to make minimum payment when due. The Variable Penalty APR is 29.49%. A Balance Transfer Fee of 5% ($5 minimum) will apply to balance transfers and credit card checks. If you accept a secured card offer, it comes with a 7.90% variable Purchase APR, a $35 annual fee waived the first year, and no processing fee.
Please visit the Orchard Bank website for more information on the Orchard Bank MasterCard and other fees.
Author writes regularly about investment and finance topics. To know about more about CD Rates Interest, high interest cd rates, CD Rates, banks cd rates,online banking, online banking,CD rates, highest bank cd rates, chase CD rates from Author visit - http://onlinebanksblog.weebly.com
I have a Chase Student Mastercard. Why did my limit increase after I made a purchase and paid it?
Does it increase every time I buy something and pay it off? This is good for my debt to credit ratio, but I had no idea it wasn't set.
Answer
It will do that sometimes, most often if you come close to the limit, and they think you are a good credit risk (i.e. high credit score) and can handle the higher credit limit. It usually doesn't happen very often, at least in my experience. My cards have only had their limits raised a couple of times since I've had them.
I'd assume with a student card they started your limit pretty low. So they may quickly up your credit limit when you show to them that you are good at paying the card off.
Posted in 
Tags: 