Q: What is the minimum amount you must deposit to secure a card Orchard Bank MasterCard secured credit of
has: in the Orchard Bank MasterCard approval process, users are pre-qualified to be an unsecured credit card or guaranteed. If you qualify for an unsecured (or "ordinary") credit card, no deposit is required. If you qualify for a secured card, your card will be guaranteed by your funds, which act as a security deposit in case of default on a loan made by the credit card company. According to their terms and conditions, the minimum amount you must deposit is $ 200.
We believe that the Orchard Bank MasterCard is a good credit card for people with poor or limited credit. If you are looking for a rewards card for those with bad credit, you might also consider the Bank Household Rewards MasterCard, which has a 0% introductory APR for the first 9 months and the possibility of winning 2 points for every $ 1 net purchases. They also have a requirement of minimum $ 200 deposit to secure the card. Or take a look at our poor credit card reviews and choose the best card for you.