If bad credit has left you without any credit cards, then the best thing to do is to get a new one. What’s even more important is to choose a bank that allows you to build up a good credit name from scratch. Orchard Bank Secured Master Card offers the perfect solution through the services it offers to those who badly need to start from scratch.

What are the advantages?

The Orchard Bank Secured Master Card understands that for people who have had a bad credit history, it takes more than just learning new credit habits. Some credit cards take advantage on people with bad credit by offering high interest rates that sometimes make it impossible for them to pay. With the Orchard Secured Master Card, the APR for variable purchases is only 7.99%.

Another thing that’s important in rebuilding credit is putting up a good name for yourself. This only happens when the bank is able to report to a major credit bureau. By reporting your account, you can minimize the occurrence of late payments and other defaults in your credit. With the Orchard Bank Secured Master Card, they report not only to one, but to three major credit bureaus. When you know your account is being reported, you can then make conscious effort to keep your payments in time, thus helping you create a better credit.

Penalties cannot be avoided at times. Therefore, there are also penalty fees to consider. The variable APR for penalty fees is fixed at 29.99%, so you better make sure to avoid incurring this amount. For the first year, you will not be charged an annual fee, but you will be then expected to shell out $35 annually thereafter.

Other variable APR fees are as follows:

Balance Transfer – 7.99%
Cash Advance Fee – 5%
Foreign Transaction Fee – 3%
on the U.S. amount from transactions done in foreign currency

How do I open an account?

If all these seem good enough for you, opening an account is in order. You can log in to their website where you will be asked to fill up an online form. This form will be regarded as a survey of your credit history. You will then be advised which card you are most likely to be approved on.

All succeeding forms and applications can be continued online, and in as little as 5 minutes, you’re done. Remember that you need a minimum $200 deposit to open this account. Once you’ve been approved, you can then start your way to making better credit.

A good credit entails not only ditching old spending habits, but it depends on other factors as well. It requires a credible company that understands your need and offers an excellent opportunity for you to start all over again. Choose Orchard Bank Master Secured Card, and you get a chance to win over bad credit in no time.

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