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Type Credit Needed Annual Fee Intro APR Standard APR Rewards Grace Period Category

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MasterCard Poor Credit $49 None 7.90%* to 15.99%* None 25 DaysConsumer  

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Orchard Bank Classic MasterCard

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Orchard Bank Classic MasterCard®

Quick Summary:
This MasterCard offer is issued by HSBC Bank. This card is intended for consumers, or "personal use" with poor or limited credit histories. The issuer may expect recent or past flaws in your credit report. APR's may vary among applicants, however the lowest standard APR is 7.90% and may be as high as 15.99%, depending on your credit worthiness*.

APR's:
There is not an introductory APR for this card, so the lowest or standard rate of 7.90% will apply immediately. The lowest available APR is variable, meaning that the rate can change as U.S. prime rates fluctuate. You can find out how to compute your APR in the programs terms and conditions. For example, you may be instructed to add 2.9% to the U.S. prime rate.

Rewards:
This is not a rewards card. However, depending on your intended use, the low rate of 7.90% may be considered as a higher importance than rewards.

Credit Record Needed:
Based on the FICO score recommendation, the issuer may expect applicants with troublesome credit histories. The recommendation made by the card issuer is broad, currently between 500-699.

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

This card is intended for consumers, or "personal use".

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.

Approval Rate:
There were 5 people that reported their status to us after they applied. They provided us with helpful qualification information, including their credit scores, the rates offered to them, household income and more. 80% of those applicants were approved. This card has a poor approval or acceptance rate. Since this is a card for poor credit, moderately high fees or APRs may be contributing factors for people that decide to accept this card. If you believe that you fall into the credit record of "Poor Credit" then you will have a better chance for approval. Furthermore, if your FICO score is close to or higher than 500, then your chance of approval may be greater than other applicants.

Approval Time:
Great news for applicants that do not want to wait on a application status. This card offer may give instant approval decisions. Remember, this may not be true in all cases, where application information may not be complete, questionable or for other reasons. When applying on-line, the system will normally show your approval status shortly after submitting your application. Credit cards normally take 1 or 2 weeks to arrive after your application is approved.

Offer Details:

If you're looking for a card with built in benefits you can use on a daily basis and that provides you with the opportunity to establish better credit at the same time, you may be interested in the Orchard Bank Classic Cards. Over the years, millions of people have used these Platinum, Gold, Classic and Secured cards to build their credit history. As a cardmember, you'll also enjoy acceptance at millions of locations worldwide, including website purchases and reservations; account information updated and at your fingertips 24/7; email and text messages to remind you of your upcoming payment due date with online enrollment.

  • 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
  • Email and text messages to remind you of your upcoming payment due date with online enrollment



*Please view and verify the card offer's terms and conditions regarding interest rate, fees, grace periods, approval time and other information before applying.

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Consumer Card Rate Comparison

APR7.90%
Avg. APR**12.22%
Annual Fee$49
Avg. Annual Fee**$8.01

**  APR average does not include cards where APR is 0%, unless viewing offers in the secured card category. "Annual fee average" contains the average of all fees in a specific category (Consumer cards), even where the fee is $0. This data is subject to Finance Globe's terms and conditions.

Options: View rates and fees for all cards.

 

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