Q: What is the credit limit for MasterCard Orchard Bank
has: The credit limit for MasterCard Orchard bank depends if you find yourself with a secured credit card or not. When you apply for an Orchard Bank card, their unique process determines that you qualify for.
With a secured card Orchard Bank, you are able to set your own credit limit. Secured credit cards require you to provide a cash deposit as collateral for the account. The minimum deposit required is $ 200, with a maximum deposit of $ 15,000, and your credit limit will be equal to 100% of your deposit. So if you deposit $ 1500, your credit limit will be $ 1,500. If you qualify for an unsecured credit card, your credit limit will be determined by your credit history and your ability to pay based on factors such as your assets and income.
Overall, we really liked the Orchard Bank MasterCard and I highly recommend it, especially if you have a limited credit history or credit issues. We also like the Bank Household Rewards Mastercard with 0% APR for the first 9 months and the ability to earn rewards. To see all the best cards for bad credit, take a look at our poor credit card comparision.