Orchard bank how long to receive card

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Resources Identity Monitoring. Unclaimed Money. Mortgage Lender Reviews. Mobile App. Sign in Register. Advertiser Disclosure. Orchard Bank Classic MasterCards. Overall card rating 2. Log in to write a review. Member ratings. Sort by newest. A lot of people got their start with credit building by using Orchard Bank products, and word of mouth about them is still strong years after they disappeared.

Now that they're gone, what are the alternatives? Getting approved for a credit card — any credit card — boils down to the card issuer deciding to take a risk on you. Having "good credit" means that you have demonstrated the ability to handle borrowed money responsibly: You aren't too deep in debt, and you pay back what you borrow. When you have good credit, it's not hard to get approved for credit cards.

Someone who has had trouble managing borrowed money in the past — or who has no experience managing borrowed money — poses a higher risk for lenders. People with bad credit or no credit can still get credit cards, but card issuers take steps to minimize or compensate for their higher risk:. Most cards for people with bad credit or no credit tend to have low credit limits and high interest rates. Secured credit cards require the cardholder to put down a cash security deposit, usually equal to their credit limit.

If the cardholder doesn't pay the bill, the issuer can use the deposit to cover the purchases. Unsecured cards for bad credit or no credit often charge high fees.

NerdWallet generally recommends secured cards for people trying to build or rebuild credit. That's not the case with the annual, monthly and other fees on unsecured cards for bad credit.

Once that money is paid, it's gone. Orchard Bank's unsecured credit cards didn't just appeal to people with bad credit or no credit.

This is a reliable source to check out cards that will suite you. I have had two Orchard Bank credit cards over the past 3 years. I have never been late on a payment —this is the key to having a positive relationship with Orchard Bank. This is a liability for Orchard Bank. In order to protect their business, they must have certain policies that are different from a normal credit card provider.

This policy is their past due policy. Indeed, it is strict. I read about posts about Orchard Bank credit cards, and most of them appear to be posted by the same person. Orchard Bank is one of only a handful of credit card companies that will offer a card to people with bad credit.