Credit Card Reviews ~ Bad Credit Credit Cards


Orchard Bank Silver MasterCard Review

The Orchard Bank Silver MasterCard®, issued by HSBC Bank Nevada, N.A., is designed to those with poor credit who do not wish to secure a credit card account with a deposit, as this is often the case with a secured card. On the positive side, the card reports to the credit bureaus, so paying off the full balance on time each month will help rebuild your credit score.

Although the card can help those with a limited credit history, it does have several costly factors that should be considered before applying.

The interest rate is very low for this type of card. There is an annual fee of $49, which is about average for this type of credit card. There is also an application fee of $49. In total, the cardholder can expect to pay $98 in the first year.

The grace period listed for the Orchard Bank Silver MasterCard® is at least 25 days. So interest charges will not be applied during those days.

This card contains the brand of MasterCard, where acceptance is global. Most businesses that accept credit cards will accept MasterCard as a form of payment.


Cardholder Benefit/s:

  • Receive MasterCard® Privileges and Benefits
  • Reports to All 3 Credit Bureaus Monthly
  • Free Online 24-Hour Account Access and Bill Pay
  • Periodic Credit Limit Increases
  • 4 Plastic Designs to choose from
  • Emergency card replacement
  • Emergency cash replacement
  • Lost and stolen card reporting

* See website for additional benefits.

Therefore, those who may occasionally carry a balance and do not mind paying the additional fees will benefit most from what the Orchard Bank Silver MasterCard® has to offer.

Note: We suggest that you carefully read the Terms and Conditions statement that accompanies the credit card application since the information may have changed since the review is written.

Reviewed on December 8, 2006

 Orchard Bank MasterCard



Credit Card Resources


Bad Credit Credit Cards For No Credit, Bad And/Or Poor Credit

Secured Credit Cards:A Great Way To Establish Or Re-establish Credit

No Credit Checks ~ Instant Approval credit Cards

Prepaid Credit Cards - Instant Online Approval

 

About the Author

Liz Roberts is a freelance writer and loan consultant. The website BadCreditResources.com offers resources that specialize in providing loans and credit cards to people with bad credit.