Orchard Bank Credit Cards Offer a Unique Pre-Approval in Less Than 60 Seconds

Recently I've been receiving e-mails and comments asking about how one can get a credit card with bad credit, no credit, or limited credit. While many credit cards designed for those struggling to build their credit come with really bad terms, Orchard Bank credit cards actually offer competitive terms. Orchard offers both traditional and secured credit cards with interest rates as low as 7.90%. We'll take a look at the cards, but first let's review Orchard's one-of-kind online application process, which has significant benefits for those trying to protect their credit.

Orchard Bank Classic MasterCards
	Acceptance at Millions of Locations Worldwide, Including Website Purchases and Reservations Your Account Information is Updated and at Your Fingertips 24/7 So You Can Manage It Your Way E-Mail and Text Messages to Remind You of Your Upcoming Payment Due Date with Online Enrollment On-call Customer Service Representatives to Assist You with Questions or Concerns
Intro APR Intro APR Period Regular APR Annual Fee Balance Transfer Credit Needed N/A N/A 7.90% - 19.90% $39 - $79 No Poor

Orchard Credit Card Online Application

Credit card companies pull your credit when you apply for a card. This inquiry into your credit history actually lowers your credit score. Only after they pull your credit do they then evaluate your card application. Even if you are denied or don't get offered the card you wanted, your credit score takes a hit. If you are struggling to build your credit, this is the last thing you want. Orchard Bank credit cards take a unique approach that protects your credit and tells you in 60 seconds what cards you qualify for. Here's how it works.

Rather than taking a full application right up front, Orchard Bank We pre-qualifies you for the card(s) that might be of interest to you before you apply. You can then see which card(s) you have a better chance of being approved for. This initial process only takes abou 60 seconds, and then you can apply for the card(s) you are more likely to be approved for.

Here how the card selection process works:

1. Complete Orchard's secure inquiry form and select the Submit button. Orchard attempts to pre-qualify you in as little as 60 seconds, without affecting your credit score!
2. View the credit cards you're actually pre-qualified for. Orchard's process takes out the guesswork.
3. Choose the credit card you like best, then select Continue.
4. Read the terms and conditions of the credit card you've selected and if you agree to the terms, then click Submit Application and Orchard will process your application.
5. Complete any additional steps, like choosing a card design, and your application is done!

And if you're not interested in any of the cards Orchard offers you during the pre-qualification process, you don't have to apply and no other creditors will even know you inquired about an Orchard Bank credit card. As you will see below, Orchard Bank charges an application processing fee and annual fee for most of its cards. These fees, however, do not apply to the pre-approval process described above. These fees only come into play if, following the pre-approval process, you apply for a card and are approved.

Orchard Bank offers two types of credit cards, a traditional card and a secured card. The traditional credit card, which we'll look at first, comes in three different versions.

Orchard Bank Classic Cards

The Orchard Bank Classic credit cards are ideal for those looking for a card they can use on a daily basis and that builds their credit. Orchard Bank offers automatic monthly reporting to the three credit bureaus. The Classic Card is offered in three different cards.

Orchard Bank® Platinum MasterCard®

The Platinum MasterCard offers a variable interest rate on purchases ranging from 14.90% to 19.90%. The card charges no account processing fee and an annual fee of $39 to $74 depending on the applicant's credit. The card has these additional features:

• Platinum MasterCard Benefits†
• Free online account management tools
• Your choice of payment due dates
• Zero Fraud Liability Protection

Orchard Bank® Gold MasterCard®

The Gold MasterCard offers similar features as the Platinum card, except that it does charge an application processing fee of $19 to $39 and an annual fee is $74 to $79. The exact fee charged will depend on the applicant's credit and can be determined by the pre-approval process described above. The interest rate on purchases is variable and ranges between 14.90% and 19.90%. Here are some additional card features:

• Gold MasterCard Benefits†
• Free online account management tools
• Zero Fraud Liability Protection

Orchard Bank® MasterCard®

Finally, the MasterCard from Orchard Bank carries the same regular APR as the other Classic Cards. It does charge an application processing fee of $19 to $49 and an annual fee of $49 to $74. Here are some of the card's features:

• On-Call Customer Service Representatives
• Free online account management tools
• Zero Fraud Liability Protection

Orchard Bank® Secured MasterCard®

Orchard's secured MasterCard is ideal for those struggling to build credit after a bankruptcy, divorce or other life event that has damaged a person's credit score. A secured credit card works differently than a traditional MasterCard or Visa. With a secured card, the cardholder must deposit cash with the credit card company to secure payment of any future credit card charges. In the case of Orchard Bank, the minimum deposit amount is $200, and you do earn interest on the deposit.

Unlike a prepaid card or debit card, however, charges to the card are not deducted from the deposit. Instead, cardholders make monthly payments on the card just like any other credit card. The benefit here is that these payments are reported to the credit bureaus to help you build your credit. The other benefit is that the interest charged on any balances not paid in full is just 7.90%. Here are some of the secured card's features:

• Reports to 3 major credit bureaus
• Earns interest on your deposit
• Your choice of payment due dates
• Zero Fraud Liability Protection