Orchard Bank MasterCard« Gold

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Apply for Orchard Bank MasterCard« Gold
Issuer: Household Bank
Credit Card Type: Bad Credit Credit Cards
APR: 20.15% Variable
Introductory APR: 3.90%
Introductory Period: 6 months
Intro APR applied to: Purchases
Cash Advance APR: 20.15% Variable
Annual Fee: None
Grace Period: 25 Days
Card Status: Gold
Credit Rating: Good Credit
Full Terms and Conditions: Click Here
  • Low Introductory APR On Purchases For Six Months
  • Low Annual Fees
  • Competitive APRs
  • Periodic Credit Limit Increase Review


Application Fee$0 - $49
Participation Fee$0
Total First Year Fees$0 - $128


Best Card FeatureDoes not require a deposit to secure the account; reasonable fees; low intro APR.
Worst Card FeatureAnnual fee; high minimum APR cap for purchases and cash advances.
Card ReviewThe Orchard MasterCard« Gold, issued by Household Bank, is designed for those with an average or limited credit history who do not wish to secure a credit card account with a deposit, as is often the case with a secured card. Although the card can help build towards a positive and solid credit history (assuming payments are made on time), it does have several costly factors that should be considered before applying. There is an introductory rate of 3.9% that is applied to purchases for six months. Once the introductory period is over, the interest rate (though not outrageously high for this type of card) can be costly for anyone planning on carrying a large balance. There is an annual fee that ranges from $0 - $79, which is about average for this type of credit card. The application fee also has a range of $0 - $49 and is only charged to those who are approved for the card. The APR for both purchases and cash advances has a minimum cap and therefore will not go below the cap rate, no matter how low the Prime Rate is decreased (the APR is based on the Prime Rate). Therefore, those who can afford to pay in full each month (to avoid high finance charges) and plan to use the card to help build a positive credit history, will benefit most from what the Orchard MasterCard« Gold has to offer. Those who do not qualify for the gold card will automatically be considered for a lower status card.
Date Updated2005-02-19 00:00:00

Lowest Fixed APR Rate: 5.50%

Lowest Variable ARR Rate: 8.49%

Total Credit Cards in Database: 102