The Orchard Bank Secured Mastercard is a secured credit card and it’s the perfect card for someone who is trying to establish or rebuild their credit history. There is no application fee for this card and the first year’s annual fee will be waived. It comes with a low 7.90% APR on all purchases and balance transfers. A minimum $200 is required to secure the credit line on this card. As a cardmember, you can enjoy benefits such as:
- No application fee
- Online account access
- E-mail and text alerts
- Online bill pay
- 100% fraud liability protection
- Timely credit bureau reporting
Rates and Offers
The Orchard Bank Secured Mastercard comes with a low 7.90% APR on all purchases and balance transfers. The variable cash APR is 20.90%. If you fail to make minimum payments when they are due, you will be subject to a variable penalty APR of 29.49%. A minimum $200 is required to secure your line of credit on the card. The first year’s annual fee of $35 will be waived from your account, but will be required each year thereafter.
Benefits and Services
This credit card offers timely credit bureau reporting to the 3 major credit bureaus that helps establish or rebuild your credit history. As a cardmember, you also have the ability to manage your account, set personal spending alerts, and make purchases or reservations online. Paying your bills is easy and convenient with the free online bill pay offer by Orchard Bank. Also, sign up for free e-mails or text alerts to inform you of your remaining balance and to remind you of any upcoming payment due dates. The Orchard Bank Secured Mastercard is much safer than cash because of the 100% fraud liability protection service, so you never have to worry if your card is lost or stolen.
Mastercard Fees
To see a complete list of fees associated with using the Orchard Bank Secured Mastercard you should review the terms and conditions. The card has an annual fee of $35, but they waive this fee for the first year. The card requires a minimum of a $200 security deposit. You can apply for the card online today.
[...] There is no application fee for the Citi Secured MasterCard.Orchard Bank Secured Mastercard: The Orchard Bank Secured Mastercard, issued by HSBC Bank, is designed specifically for those who have no credit or poor credit. A [...]