Affiliate Update: Orchard Cards Compliance Updates

Please be advised of the new CARD Act Compliance Guidelines for the Orchard Bank credit card offers:

LATE FEE:
If displaying a late fee, the information must be presented in the following format:

• $30 if balance is less than or equal to $1000; $35 if balance is more than $1000

OVERLIMIT FEE:
Overlimit Fee must now be listed as “Over the Credit Limit Fee” and the information must be presented in the following format:

• $19 if credit limit is less than or equal to $250; $30 if credit limit is more than $250

DEFAULT APR:
Default APR must now be listed as “Variable Penalty APR”

Orchard Bank Visa® Cards
		New bullet points Reports to 3 major credit bureaus monthly providing you the opportunity to rebuild your credit score! Acceptance at millions of locations including website purchases and reservations Your account information is updated and at your fingertips 24/7 so you can manage it your way Email and text messages to remind you of your upcoming payment due date with online enrollment ›› View Fully Compliant Listing
Orchard Bank Classic MasterCards®
		New bullet points An excellent credit card for rebuilding credit scores; reports to 3 major credit bureaus monthly! Acceptance at millions of locations worldwide, including website purchases and reservations Your account information is updated and at your fingertips 24/7 so you can manage it your way Email and text messages to remind you of your upcoming payment due date with online enrollment ›› View Fully Compliant Listing

 

If you have any questions or want to learn more about these offers, please contact your account manager for details.