Orchard Bank MasterCard« Secured

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Apply for Orchard Bank MasterCard« Secured
Issuer: Household Bank
Credit Card Type: Prepaid Credit Cards
APR: 20.15% Variable
Introductory APR: None
Introductory Period: None
Intro APR applied to: None
Cash Advance APR: 20.15% Variable
Annual Fee: $35.00
Grace Period: 25 Days
Card Status: Standard
Credit Rating: None or Poor Credit
Full Terms and Conditions: Click Here
  • Initial Credit Limit Up to $1000
  • Low Annual Fees
  • Competitive APRs
  • Periodic Credit Limit Increase Review


Minimum Deposit$200
Maximum Deposit$15,000
Application Fee$0
Participation Fee$0
Deposit InterestYes
Total First Year Fees$35


Best Card FeatureNo application fee; reasonable annual fee.
Worst Card FeatureMinimum APR cap for purchases and cash advances.
Card ReviewThe Orchard Bank MasterCard« Secured, issued by Household Bank, is designed for those with a limited or poor credit history, who are looking to reestablish their credit. The major benefit of this card is the reasonable annual fee of $35. In addition, the APR for purchases and cash advances is about average for a secured card. However, it is important to note that there are minimum caps applied to the interest rates for both purchases and cash advances. This simply means that the rates will not go below the set limits, no matter how low the Prime Rate falls. As with most secured credit cards, there are not any additional perks, benefits, or introductory rates provided to the cardholder; however, the deposit amount does earn interest annually. Therefore, those who can afford to pay in full in each month (to avoid high finance charges) and plan to use the card to help build towards a positive credit history, will benefit most from what the Orchard Bank MasterCard« Secured has to offer.
Date Updated2005-02-18 00:00:00

Lowest Fixed APR Rate: 5.50%

Lowest Variable ARR Rate: 8.49%

Total Credit Cards in Database: 102