I applyed for an Orchard Bank card last week because I need to get my FICO score up and rebuild my credit. I paid the $19 processing fee and my account has been approved according to the website, although I have no received an email yet, or the card.This is what the website says:YOU'RE APPROVED!Congratulations! Your application has been approved.You have been approved with a credit limit of $ 300. Thank you for choosing us as your credit partner. Your online application is now complete. You will receive a confirmation email with customer service information. The email will also contain instructions for checking the status of your application if your application is currently in review.Enjoy the buying power you deserve!My question is do you think this is a secured card, or an unsecured card? Has anyone had a response like this?
Go to the website and read all the fine print. If they don't tell you it's illegal.
I too want to ask the same question
It's probably unsecured with a high interest rate
Orchard Bank is an unsecured credit card. Orchard is owned by Household Bank, which also supplies unsecured high interest credit cards to people with eithe no credit, or bad credit that are trying to rebuild their credit. Wlhen the card arrives, it will arrive with documents detailing the interest rates, grace periods, etc. There are no annual fees for having an Orchard card. Keep all the documentation, you never know when you may need it. As you spend and pay off the card every month your credit limit will increase. The response you got was standard and not out of the ordinary in the least. If you have already been approved, you need to overlook the bit about your application being in review. That is only there because some of the people who apply for Orchard cards need to be examined carefully because it IS a card typically applied for by people with past bankrupcies, judgements, etc, but you seem to be just fine. Just sit back and wait for your card to arrive. :)
