Orchard Bank Credit Cards

Financial ruin, bankruptcy and bad credit can happen to anyone. When you need to repair or rebuild your credit, you may want to apply for a secured credit card as these are a quick and easy way to get your credit back on track. There are many different secured cards available to choose from, but many prefer the Orchard bank credit cards as they have a strong reputation with many consumers. With Orchard Bank credit cards you can easily qualify for a card based upon your credit history. All Orchard Bank credit cards are issued by HSBC Bank Nevada which is one of the world’s largest financial institutions and has the prestigious honor of being one of the largest credit card issuers. There are more than 50 million customers nationwide.

Those who want to apply for Orchard Bank credit cards will find the process is simple and easy. You can apply online and get approval in less than one minute. The Bank will let you know which card is best for you, based upon your credit score and history. Those with poor or negative credit will most likely be offered a secured card. It’s important to remember, however, that not everyone is automatically approved for secured credit cards and you can be turned down. Additionally, those who already have a credit card will not be automatically rejected by applying for an Orchard Bank card; however, users are only allowed to have one HSBC Credit Card account at a time.

Those who are approved for a credit card should read through all of the terms and services and understand what the annual fee is for the card. Orchard Bank credit cards are used by more than 2 million people and the cards offer 100% fraud liability. That means if you dispute a fraudulent charge, you will receive 100% reimbursement. This is different from prepaid debit and credit cards which are unlikely to reimburse you for fraudulent charges. As Orchard Bank reports to the three major credit bureaus, you can easily restore your credit and watch your credit score rise. It’s important to understand that there are no guarantees you will be approved for an Orchard Bank credit card, as your application will be approved based upon your credit history. Those who are approved, however, should receive their credit card in the mail within two weeks.

There are certain requirements that must be met in order to qualify for a credit card. Those who apply must be the legal age as determined by their state, be U.S. citizens and have a valid social security number. Those who apply for an unsecured card must have a yearly salary of at least $12,000 and have a telephone in their name. The company will pull your credit report and determine your creditworthiness.

If approved for a credit card you’ll need to make certain you understand the various rates and fees associated with the card. When approved for Orchard Bank credit cards it’s important to determine the prime rate. The prime rate is what is used to determine the interest rates on all credit cards that are variable rate accounts. It’s important to understand that the prime rate can continually fluctuate. Make certain to understand the prime rate as your bills may fluctuate each billing cycle due to changes with the rate.

Additionally, there are fees associated with the account if you fail to make your payments on time. Those who are late may be charged a penalty APR, so determine what fees are associated with your account before you agree to take on a new credit card.

Those who have poor credit and are approved for a secured credit card may find that after a period of time their account will be reviewed and they will then qualify for an unsecured loan.