"Orchard Bank Also 1 Year"
Orchard Bank® Platinum Visa® Review
Written by: arod on 2008-11-03
Overall Satisfaction
Customer Service
Rewards
Account Management
Delivery Time
arod's review: 
I had Orchard Bank for a year as well as Household bank and are all part of HSBC
Well lets start with Household Bank 3 months ago I called to get a credit line increase and they said they can only give me $100 for a $45 fee I said this is crazy and he remind me of the annual fee that was coming soon well I closed it.
Today I called Orchard Bank and I wanted to remove the annual fee of $39 for December they said the card comes with this fee.
So you know... I closed it.
I have good credit with Citibank,Capital one, Amex, Hooters card, Juniper Bank, Discover card, Kay jewelers plus target and 2 HSBC CARD... So trust me I don't need them and I think I have much.
But I want to say this bank didn't work with me but its a great bank to fix credit but don't expect credit line increase and they live for there annual fee.
Anyway I hope this help others also for credit repair consider Capital One or Hooters they are better !!!
Thanks, Take Care all ----And Vote Tomorrow ---
Alex
I had Orchard Bank for a year as well as Household bank and are all part of HSBC Well lets start with Household Bank 3 months ago I called to get a credit line increase and they said they can only give me $100 for a $45 fee I said this is crazy and he remind me of the annual fee that was coming soon well I closed it.
Today I called Orchard Bank and I wanted to remove the annual fee of $39 for December they said the card comes with this fee.
So you know... I closed it.
I have good credit with Citibank,Capital one, Amex, Hooters card, Juniper Bank, Discover card, Kay jewelers plus target and 2 HSBC CARD... So trust me I don't need them and I think I have much.
But I want to say this bank didn't work with me but its a great bank to fix credit but don't expect credit line increase and they live for there annual fee.
Anyway I hope this help others also for credit repair consider Capital One or Hooters they are better !!!
Thanks, Take Care all ----And Vote Tomorrow ---
Alex
8 Comments
Comment 1 by colonative
ARod 
on 2008-11-03
Where have you been?
I agree with your decision. If you have Citi then you don't need this card anymore. If it didn't have an annual fee I would has sock drawered it.
Their loss!
on 2008-11-03 Where have you been?I agree with your decision. If you have Citi then you don't need this card anymore. If it didn't have an annual fee I would has sock drawered it.
Their loss!
Comment 2 by arod
ColoNative on 2008-11-03
Thanks,
I just been lost at work but I always check FG. I like to read other people experience with credit.
Thanks for asking and take care,
Alex
on 2008-11-03 Thanks,I just been lost at work but I always check FG. I like to read other people experience with credit.
Thanks for asking and take care,
Alex
Comment 3 by meya
Nice Posting on 2008-11-03
You showed them a thing or two, not only that, I hope a lot of others will take this into consideration also. This will be the same reason why I am leaving next year. Hey HSBC! Thanks, but not thanks!
on 2008-11-03 You showed them a thing or two, not only that, I hope a lot of others will take this into consideration also. This will be the same reason why I am leaving next year. Hey HSBC! Thanks, but not thanks!
Comment 4 by cabana7
Not A Good Choice on 2008-11-04
Pass on this card there are better choices out there.
Fees are too high...
on 2008-11-04 Pass on this card there are better choices out there.Fees are too high...
Comment 5 by thomas1
HSBC on 2008-11-04
HSBC knows what it is doing when they issue these accounts, even to help people obtain credit to rebuild.
The problem here is, they get those who think its going to take years to rebuild and have any kind of descent score to go anywhere else, and make it harder to close it.
They have even tried to remind people who go to close that this is going to hurt their scores, and in fact, that is true if you have been with them for years
The longer that tradeline is on the reports, it will pull down the score somewhat, but what you did is smart
I am about to close mine also, as I don't need it anymore.
on 2008-11-04 HSBC knows what it is doing when they issue these accounts, even to help people obtain credit to rebuild.The problem here is, they get those who think its going to take years to rebuild and have any kind of descent score to go anywhere else, and make it harder to close it.
They have even tried to remind people who go to close that this is going to hurt their scores, and in fact, that is true if you have been with them for years
The longer that tradeline is on the reports, it will pull down the score somewhat, but what you did is smart
I am about to close mine also, as I don't need it anymore.
Comment 7 by hjm331
RE: ARod on 2008-11-04
You just proved my point when I said that HSBC was only good for building credit and you shouldn't expect too many increases from them.
However, this is GREAT card when compared to cards like First Premier Bank, Tribute, etc.
You did the right thing by closing it since you have better cards. Keep up the good work.
on 2008-11-04 You just proved my point when I said that HSBC was only good for building credit and you shouldn't expect too many increases from them.However, this is GREAT card when compared to cards like First Premier Bank, Tribute, etc.
You did the right thing by closing it since you have better cards. Keep up the good work.
Comment 8 by arod
THANK YOU on 2008-11-04
I Thank you all for your feed back and you guys also do a great job here as we all learn how to fix and establish good credit.
Thank you,
Alex
on 2008-11-04 I Thank you all for your feed back and you guys also do a great job here as we all learn how to fix and establish good credit.Thank you,
Alex
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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.
