Jump to content

Does Orchard Bank report to CRA as "Secured"?


Recommended Posts

No, they only report as an open account. At least that is my experience. Also they are very easy to work with and you can generally move to unsecured if you make all payments in a timely manner for six months. I have gone over my limit by a few dollars and they didn't charge me over the limit fees like every other credit card would have. They report fairly reguarly and seem to be accurate.

Link to comment
Share on other sites

No, they only report as an open account. At least that is my experience. Also they are very easy to work with and you can generally move to unsecured if you make all payments in a timely manner for six months. I have gone over my limit by a few dollars and they didn't charge me over the limit fees like every other credit card would have. They report fairly reguarly and seem to be accurate.

How do you change to an unsecured card?

And will you lose the credit history if the secured card is closed?

Link to comment
Share on other sites

have you registered your account online? If so, log in and there is a link to increase your credit link. Click on it and it will take you either to the apply for increase page or give you the customer service number to call to apply. If you have had six months of good payments, they will likely convert you. There are no guaranties, but it worth a shot. Often, if your payments with them are good, they won't re-check your credit. Good luck!

Link to comment
Share on other sites

Guest
This topic is now closed to further replies.
 Share

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.. For more information, please see our Privacy Policy and Terms of Use.