"Ding Dong My Orchards DEAD :)"
Orchard Bank Secured MasterCard® Review
Written by: mikey on 2008-03-29
Overall Satisfaction
Customer Service
Rewards
Account Management
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mikey's review: 
I FINALLY did it!! I canceled this loveless card from that wretched bank. I have had this secured card for 2 1/2 years and to be honest it has really helped rebuild my credit. I have finally inched my scores from the low 500's to the high 600's-low 700 mark and still no love! I felt guilty closing it at first because of how much it has helped me but I mean even Amex has shown me love! So I called today after debating it for months and closed it. I have never been late ever and usually pif (it had 1000 secured line and I would charge a lot like 600-800 and pif every month) once in a while I would leave like 30-40 bucks on it to carry over to give them some interest too and still nothing. Thanks for the help orchard but this card is now mulch!
I FINALLY did it!! I canceled this loveless card from that wretched bank. I have had this secured card for 2 1/2 years and to be honest it has really helped rebuild my credit. I have finally inched my scores from the low 500's to the high 600's-low 700 mark and still no love! I felt guilty closing it at first because of how much it has helped me but I mean even Amex has shown me love! So I called today after debating it for months and closed it. I have never been late ever and usually pif (it had 1000 secured line and I would charge a lot like 600-800 and pif every month) once in a while I would leave like 30-40 bucks on it to carry over to give them some interest too and still nothing. Thanks for the help orchard but this card is now mulch!
9 Comments
Comment 1 by vingstar
Back Door Number 
on 2008-03-29
You could have called the back door number & asked about a credit limit increase.
on 2008-03-29 You could have called the back door number & asked about a credit limit increase.
Comment 2 by eric
Orchard Cli's? on 2008-03-29
They give CLI's? I ask because I still have a $500 CL and my account has been open since 2004... I got one CLI last year... Never late always pay in full... Still not much love from them... I might cancel them. I already cut up my card a month ago.
on 2008-03-29 They give CLI's? I ask because I still have a $500 CL and my account has been open since 2004... I got one CLI last year... Never late always pay in full... Still not much love from them... I might cancel them. I already cut up my card a month ago.
Comment 3 by meya
Re: Mikey on 2008-03-29
Way to go! Did your scores take a hard hit from a 2 1/2 year history with them? Don't feel bad Eric, you will not miss anything from them. Vingstar, their backdoor number is a front door to fee's for the cli. The only way you don't pay is when they give it to you.
on 2008-03-29 Way to go! Did your scores take a hard hit from a 2 1/2 year history with them? Don't feel bad Eric, you will not miss anything from them. Vingstar, their backdoor number is a front door to fee's for the cli. The only way you don't pay is when they give it to you.
Comment 4 by mikey
Backdoor Cli on 2008-03-29
You cant get a cli for a secured card untill its "graduated" to unsecured. the ironic part is that I have 2 other HSBC cards unsecured. plus a cap one boa, barclays and amex. So they can keep it. so far not a big drop in score trans went form 680 to 672 ill live
on 2008-03-29 You cant get a cli for a secured card untill its "graduated" to unsecured. the ironic part is that I have 2 other HSBC cards unsecured. plus a cap one boa, barclays and amex. So they can keep it. so far not a big drop in score trans went form 680 to 672 ill live
Comment 5 by meya
Re:Mikey on 2008-03-30
That is not a bad hit at all. I had Orchard for over 4 1/2 years, I know mines is going to hit hard but I could care less especially if I am lucky enough to receive teir 1 cards.
on 2008-03-30 That is not a bad hit at all. I had Orchard for over 4 1/2 years, I know mines is going to hit hard but I could care less especially if I am lucky enough to receive teir 1 cards.
Comment 7 by arod
Well OK... on 2008-03-30
I don't know if what you did is ok only because that your oldest account.
I hope Im wrong but your FICO could drop..
Good luck to you.
Alex
on 2008-03-30 I don't know if what you did is ok only because that your oldest account.I hope Im wrong but your FICO could drop..
Good luck to you.
Alex
Comment 8 by sethatco
HSBC on 2008-03-30
HSBC owns the following House hold bank and orchard bank and last but not least Direct Merchants
on 2008-03-30 HSBC owns the following House hold bank and orchard bank and last but not least Direct Merchants
Comment 9 by tia530
Singing The Same Song on 2008-11-15
Mikey,
I feel your pain. I was wounded by Orchard today :(
Had the card for almost a year and a half. Secured with $1000, twice declined for CLI's unless I deposit more $, nah, don't think so. I too have another HBC unsecured card. I'm not understanding their rationale but it's too late to worry about it now, they're history. Hooray for us!
~Tia~
on 2008-11-15 Mikey,I feel your pain. I was wounded by Orchard today :(
Had the card for almost a year and a half. Secured with $1000, twice declined for CLI's unless I deposit more $, nah, don't think so. I too have another HBC unsecured card. I'm not understanding their rationale but it's too late to worry about it now, they're history. Hooray for us!
~Tia~
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Disclaimer: This content is not provided by Capital One Bank (USA), N.A.. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Capital One Bank (USA), N.A.. Review content is powered by Finance Globe.
