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1.) How do I verify that the credit card application I
am submitting is secure?
To verify that your personal
information is being submitted securely:
1. On any page that asks
you to submit personal information, there will be a Padlock
 which indicates a secure
connection. The
 (Padlock) will be on the bottom
of your browser (the grey part), in
the bottom right corner. Double clicking the Padlock will open the website's SSL (Secure Sockets Layer) certificate.
2. The certificate will display the
registered owner and verify the security of the connection.
For example, if you are applying for an American Express credit card, the
verified registrant is www66.americanexpress.com.
2.) Does Credit Card Depot Inc. collect personal
information from visitors?
Credit Card Depot Inc. is committed to protecting your
privacy when you visit our Web site. You can access Credit Card Depot Inc. and browse our site without disclosing any of your personal
data. Credit Card Depot Inc. does not collect any personally
identifiable information
about individuals, such as names and mailing or e-mail addresses.
3.) Do all credit cards charge a 3% balance transfer
fee?
There was a time in the not so recent past when many credit
card issuers did not charge this fee. However, nearly every
credit card now charges this fee, which does not exceed $75.
However, this fee is very small in comparison to the value of a 0%
balance transfer. For example, if you were to transfer $5000
from a credit card with 19.9% interest rate, you would pay $75 for
the transfer and no interest for a year. Were you to leave
the same balance on your old credit card, you would pay $950 in
interest.
Here, a balance transfer saves you $875 in interest and fees.
So, even though the days of the no fee balance transfer appear to
be over, the value of the 0% balance transfer is easily worth the
3%.
4.) What are the most important factors to consider
when choosing a credit card?
The answer depends on how you use your card. If you
always pay your bill in full in each month, than APR is a less
important factor. Since you avoid paying interest by paying
your bill in full, secondary features such as rewards and annual
fees should be considered.
If you do not pay your card in full each month, than the annual
percentage rate is the most important factor. Ultimately,
the goal is to limit how much you spend on interest over time, and
having a low APR should be the primary factor in your decision.
5.) What credit cards are available to individuals
with bad credit?
The
Orchard Bank MasterCard® offers credit cards to those
with no credit, little credit, damaged credit or restored credit.
We've helped millions of people obtain credit who may not have
traditionally qualified for a credit card. Because of our
reputation for outstanding customer service, modest fees and a
focus on credit education, Orchard Bank credit cards are highly
regarded by our cardmembers. With a unique approach of educating
customers on all aspects of obtaining and managing credit, the
Orchard Bank MasterCard® continues today as a leader in
the under-served credit industry.
You can also view additional bad
credit credit cards by
clicking here.
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