Orchard Bank MasterCard® Secured
Issued by HSBC Bank Nevada, N.A.
Overall Rating

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Review
The Orchard Bank MasterCard® Secured, issued by HSBC Bank Nevada, N.A., is designed for those with a limited or poor credit history.

The major benefit of this card is the reasonable annual fee of $35, which is waived for the first year. The APR for purchases is average for a secured card. In addition, cardholders can take advantage of a 0% introductory rate on purchases for six months.

Unlike most secured credit cards, this card provides additional services and benefits including online account access, emergency card replacement, and various fraud protection services.

As with most secured credit cards, there are no additional perks, benefits, or introductory rates provided to the cardholder, as the card is solely designed to help the cardholder establish credit. However, cardholders will benefit from the fact that, with this card, unlike most secured cards, the deposit amount earns interest annually. In addition, this card reports to all three major credit bureaus.

Therefore, those who may occasionally carry a balance and will take advantage of the various services will benefit most from what the Orchard Bank MasterCard® Secured has to offer.
Updated: 2008-05-02 00:00:00
 
Note: The review on this card was updated on May 02, 2008. The review is believed to be accurate during the update, however, information posted may have changed since the update. We strongly suggest that you carefully read the Terms and Conditions statement that accompanies the credit card application.
Specifics
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Card Category: Secured

Introductory Rate : 0.00%

Time Period 6 Months

Applied Towards :Purchases

Introductory Rate Details : None

APR (Purchases) : 14.90% Variable

Annual Fee : $35.00

Annual Details : **The annual fee will be waived for the first year. Thereafter, the fee is $35.

Perks / Notations

Additional Perks

Various Internet account related services.
Emergency card replacement.
Emergency cash replacement.
Lost and stolen card reporting.
Various fraud protection services.
Choice of payment due dates.
See website for additional benefits.

Important Notations

***The minimum deposit will vary from $100 to $200 depending on the applicant's prior credit history.
See website for complete terms and conditions of card usage and application disclosure.

Additional Information

Apply Online for Orchard Bank MasterCard® Secured.

See other cards issued by HSBC Bank Nevada, N.A.

Category: Orchard Bank MasterCard® Secured by HSBC Bank Nevada, N.A.
 
 

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