Orchard Bank Secured MasterCard®
The Orchard Bank Secured MasterCard is an excellent card for establishing or rebuilding credit in your name. It comes with a low 7.90% variable purchase APR, and the first year's annual fee will be waived. You'll enjoy all the built in benefits of an unsecured card, but only you will know it's secured. Simply print and mail your application with your minimum $200 deposit to get your card! As a cardmember, you'll enjoy:
- The ability to make online purchases or reservations, and access to manage your account 24/7.
- Email or text message alerts to remind you of your available balance and upcoming payment due date when you enroll online.
- Acceptance at millions of locations worldwide.
- Free standard Online Bill Pay, no matter how often you use it.
- 100% Fraud Liability Protection automatically and the ability to set your personal customized spending alerts.
Click here to learn more about our card selection process.
| Introductory APR and Duration | Customary APR on Purchases and Balance Transfers | Default APR | Annual Fee | Other Fees to Open Account |
|---|---|---|---|---|
| N/A | Variable 7.90% | Variable 29.49% | $35, waived the first year | $200 Minimum Security Deposit |
Rates accurate as of January 15, 2010. Offer subject to credit approval. The variable Customary APR for credit card purchases will be 7.90%. The variable Cash APR will be 20.90%. Your APRs may increase to the Default APR if you default because you A) fail to make a payment when due or B) exceed your credit limit. Effective February 17, 2010, the Default APR will be called Penalty APR and your APRs may increase to the Penalty APR if you fail to make a minimum payment to us when due. The variable Default APR will be 29.49%. A cash advance fee of 5% ($5 minimum) will apply to balance transfers, if available, and cash advances, unless otherwise disclosed. The minimum finance charge is $1. The Annual Fee will be $35 and waived the first year. Minimum $200 security deposit required to set a $200 credit line. The Foreign Transaction Fee is 3% of the U.S. dollar amount on transactions made in a foreign currency.
Please note that we have the right to change your APRs, fees, and other terms at any time for any reason in accordance with the Cardmember Agreement and applicable law. See disclosures within the online application process.