Orchard Bank Platinum MasterCard®

Enjoy the Prestige of Platinum with No Up Front Fees Premium Platinum Benefits Including Purchase Protection Great Credit Card to Strengthen Credit Reports to All 3 Credit Bureaus Monthly, which Can Help Improve the Cardholder's Credit Score

Review: The Orchard Bank Platinum MasterCard®, issued by HSBC Bank Nevada, N.A., is designed for those with average or a limited credit history who do not wish to secure a credit card account with a deposit, as this is often the case with a secured card. Although the card can help those with a limited credit history 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 annual fee that is dependent on the applicant's credit history and will range from $39 to $59, which is about average for this type of credit card. However, there is no application fee associated with this card, and the interest rate is very low for this type of card. In total, the cardholder can expect to pay from $39 to $59 in the first year. This card also offers common cardholder benefits such as purchase protection, lost and stolen card reporting, and no liability for unauthorized transactions. Therefore, those who can afford to pay in full each month (to avoid finance charges) and plan to use the card to help build a positive credit history will benefit most from what the Orchard Bank Platinum MasterCard® has to offer.

Date of Review: 2006-03-23 00:00:00

Notes: ***The total fees for the first year will vary from $39 to $59 depending on the applicant's prior credit history. See website for complete terms and conditions of card usage and application disclosure.

Additional Perks: Various Internet account related services. Purchase protection. Emergency card replacement. Emergency cash replacement. Lost and stolen card reporting. No liability for unauthorized transactions. See website for additional benefits.