Mastercard to Build or Rebuild Credit

The Orchard Bank® MasterCard® is an excellent unsecured credit card option for consumers looking to build or rebuild their credit. It is a great card and if managed correctly, can give you a fresh start with your credit.

Who Can Qualify for the Orchard Bank MasterCard

The Orchard Bank Cards have assisted over 1,830,764 consumers with establishing or re-establishing credit because of their relaxed credit criteria. Consumers with credit scores 500 and above have qualified for this credit card.

Major Credit Bureau Reporting

Your account activity is reported to all three of the major credit bureaus: Experian, Equifax and Transunion giving you the opportunity to develop a good credit history by paying your bills on time and not maxing out your credit card.

Worldwide MasterCard Acceptance

Shop at millions of locations wherever you see the Mastercard logo including website purchases and reservations.

Review

Orchard Bank® is one of the biggest credit card companies catering to consumers with bad credit. It is Orchard Bank®’s goal to offer you the credit card that best fits your credit profile which may or may not be the card you originally inquired about. They will pre-qualify you in as little as 60 seconds – without affecting your credit score.

The pre-qualification process tells you which cards you are for, then you pick out the card you want. In the event you are not qualified for one of their unsecured credit cards, Orchard Bank® may offer a secured credit card.

Unsecured cards come with annual fees ranging from $19 to $59, depending on credit history, and APRs range from 14.9% to 19.9%, also based on your credit. Secured cards come with an APR of 7.9% and the annual fee of $35 is waived the first year.

The Orchard Bank® Classic MasterCard® gives you the opportunity to build your credit score by reporting credit behavior to all three major credit bureaus each month. Make sure you maintain a good payment history as payment history accounts for 35% of your overall credit score.