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December 17, 2007
Credit Card for Bad Credit from Orchard Bank
Believe it or not, people with poor credit can apply and qualify for a credit card for bad credit. Even with the sub-prime crisis that is currently going on. While several lenders have discontinued their bad credit offers there are still some that will approve you for a credit card even with bad or no credit.
There are millions of people that have bad credit because of job loss that are now back on their feet with a good job and the ability to pay their credit card bills. The banks are not going to completely miss out on this opportunity as they know there are many good people that deserve to have a credit card to help repair their bad credit score.
We will be updating our list of credit cards for people with bad credit as we thoroughly review each and every offer available.
Our findings as to which is the best credit card for people with bad credit have been the Orchard Platinum Card is the best card on the market right now for those with a poor credit rating.
Orchard Bank Platinum Card Offer
Get more information about the Orchard Platinum Card Now
When evaluating credit card offers for people with bad credit we take several factors into account.
The first factor is if the card reports to the credit bureaus, this is critical because you should have the goal of repairing your credit in mind when apply for a card when you have bad credit so that you can take advantage of the perks and benefits that come with having good credit. The Orchard Platinum card reports to the 3 major credit bureaus so it merits further review by us.
The next factor we look at are the fees attached to the card offer. Typically credit cards for people with bad credit tend to have very high fees attached to the offer. Banks that lend to people with poor credit must charge higher annual fees and interest rates to protect themselves from delinquent accounts. Yes, when you have bad credit you must pay a lot to get credit cards and loans. It might not seem fair because with poor credit, typically people don’t have the extra money to pay these higher fees and that is why a credit card (with a relatively low limit) is the best place to start repairing your credit. It’s about cheapest way to restore your credit.
The Orchard Platinum Card is designed for those with poor credit and what we like about the offer from Orchard is the incredibly low fees when compared with their competitors.
The review team at Crediteria.com unanimously agrees that the Orchard Platinum is the best card to help you repair your credit rating while paying the lowest fees possible.
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