Orchard Bank® Secured MasterCard®
Bad Credit — Good Secured MasterCard®!
Ongoing APR: 7.90%-14.90%
Total Initial Charge: $200 minimum deposit
Annual Fee: $0-$35
Late Fee: $30-$35
Overlimit Fee: $30.00
Issuer: HSBC Bank Nevada, N.A.
Orchard Bank Secured MasterCard® — A good product for bad credit.
Start building or rebuild your credit with the Orchard Bank Secured MasterCard. We've loaded it with built-in features that make managing your account easy and convenient plus benefits you can really use. Get pre-qualified in less than 60 seconds for a card that fits your credit profile, at no risk to your credit score.
Take your credit to the next level, with an Orchard Bank Secured MasterCard®. With their reputation for outstanding customer service and a focus on credit education, Orchard Bank credit cards are highly regarded by their card members. Below are just a few of the many benefits the Orchard Bank MasterCard® provide:
- Modest fees & competitive APRs
- 0% Intro APR on balance transfers for qualifying Prime Platinum MasterCard® applicants*
- Periodic credit limit increase reviews
- Report to all three major credit bureaus
- Card recommendations for every credit level
- Complimentary online services for account management & payment:
Complete Online Account Access 24 Hours a Day
Complimentary Online Bill Pay
Before you apply:
Orchard Bank will review the information you provide on an inquiry form as well as your credit history and recommend a specific MasterCard® that best fits your needs and credit profile. You may choose to apply for the card at the time they make their recommendation, it's that easy. Please be sure to review their minimum eligibility requirements by checking out their Secured Card FAQs!
Card FAQs
1) What is a Secured Card?
Secured Cards are credit cards that require a savings account to be established as collateral for the credit card. They are an excellent way to establish a positive credit history and are designed especially for people with no credit history, or who have experienced past credit problems. Orchard Bank secured Credit Cards look and work just like any other credit card. Only you and HSBC will know that the card is secured.
How do I get a Secured Card?
HSBC will recommend a specific MasterCard that best fits your needs and credit profile based on the information you provide us from the inquiry form and your credit history, in addition to a Secured Card.
How can I qualify for a Secured Card?
Even if you have no credit history, or your credit history is less than perfect, you have an excellent opportunity to be approved for an Orchard Bank secured card. These are our general guidelines:
- Legal age in the state of your residence,
- A telephone in your home,
- Reside in the United States
What will my Credit Limit be for a Secured Card?
With an Orchard Bank secured card, you set your own credit limit! The minimum deposit required is $200, with a maximum deposit of $15,000, and your credit limit will be equal to 100% of your deposit.
Can I add to my Savings Account to increase my Credit Limit?
Yes. At any time after your account is opened, you may send in deposits of $100 or more in increments of $100 to add to your secured savings account. Each addition to your savings account will increase your credit limit dollar for dollar.
Can I withdraw money from my Savings Account?
The savings account acts as collateral for your Secured Card, so you may not withdraw money from the account while your credit card is secured.
Who is HSBC?
HSBC is one of the world's largest financial institutions with 9500 offices in 79 countries and territories. It is one of the largest credit card issuers in the country, with over 50 million customers nationwide.
With Orchard Bank's relaxed credit criteria, they have helped over 2 million people to establish or re-establish their credit! Orchard Bank would like to help you take charge and obtain the credit you deserve. Here are 8 great reasons to apply:
- They will recommend the credit card you are most likely to receive!
- Their relaxed credit criteria makes it easier to be approved, even if your credit history is less than perfect.
- Periodic reviews of eligibility for credit limit increases.
- Credit card acceptance at over 22 million locations worldwide.
- Cash Access at over 770,000 MasterCard® /Cirrus® ATMs worldwide.
- The added convenience of making a hotel reservation over the phone, or renting a car.
- Shop with peace of mind. Use your MasterCard® for on-line shopping and know you will not be responsible for unauthorized charges.
- They report to all three major credit bureaus every month, which can help you create a strong credit history.
*See web site for complete terms & conditions
