eyeball Posted January 14, 2008 Report Share Posted January 14, 2008 Does anyone have any expirence with these? Is one have advantages over the other? Link to comment Share on other sites More sharing options...
CloudX Posted January 16, 2008 Report Share Posted January 16, 2008 I have an Orchard card and have had no problems with it. They regularly report to the CRAs and the only time I needed customer service, they were pretty good! Hope that helpsxdancex Link to comment Share on other sites More sharing options...
AccountnotMine Posted January 16, 2008 Report Share Posted January 16, 2008 I have both cards because I need 2 positive credit cards reporting. The BOA will unsecure quicker the Orchard because apparently Orchard is very stingy with unsecuring cards. However, BOA will report as secured which can hurt upon a manual review and Orchard will report as unsecured as HSBC (which is semi-prime lender at least)... I personally got 1 of each and put the larger deposit on the secured BOA.I also believe Orchard has a better interest rate if you plan on carrying a balance at all, but a higher annual fee 39.00 versus 29.00 with BOA.If you were only going to get 1 I would suggest BOA because even though it reports as secured, when it unsecures there will be no evidence of it ever being secured in the first place and BOA is a prime lender.Have you checked out Wells Fargo? They have a nice secured card as well. I believe annual fee is $18 with a slightly higher APR than BOA. Link to comment Share on other sites More sharing options...
Amerikaner83 Posted January 17, 2008 Report Share Posted January 17, 2008 Agree on the BofA card. Link to comment Share on other sites More sharing options...
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