Orchard Going Prime with Upgrades

Discussion in 'Credit Talk' started by FeliceRodo, Jul 25, 2001.

  1. FeliceRodo

    FeliceRodo Well-Known Member

    My Orchard account is one year old and I was told by a supervisor my account had a chance to go prime with the upgrades to Orchard's system coming in the fall, around October to December. At that time their prime upgrades will be 2 to 9 percent apr's., no annual fees, and higher limits. I would tell you the name of the people I confirmed this with but I won't because you can call retention and ask anyone who answers.

    I don't know the criteria to go prime because retention doesn't know or wouldn't say, but they did say that my account would qualify, because I have paid off my account every month in full - except two - and my internal behavior score was very high. So anyone who is in good standing would most likely qualify for the upgrades.

    BTW, I was advised NOT to take the lower apr retention offered to me last week, which was 15.9 - but take the $500 increase and wait a few months. This was not, in my opinion, the bank trying to make more money off of me, because I do pay the balance off almost every month. Rather, I was told that I would be an excellent candidate for what retention could offer to me in the way of upgrades, including retroactive fee waivers, an apr under 10 percent, and higher limits.

    Just thought the board would like to know :) If you do know, pardon the intrusion.
  2. making

    making Well-Known Member

    whoa..thanks for the info!

  3. making

    making Well-Known Member

    oh yeah...you say they said your internal behavior score was very high...would you mind sharing your behavior? :)

  4. dave

    dave Well-Known Member


    Did you get an indication of when Orchard plans to do this. According to them, I've hit rock bottom on the current APRs they offer--15.9. I've been growing more disenchanted and was getting ready to close my two accounts but maybe I'll hang on and see what happens.

    My first account opened in 1994. Second in 1998. Perfect payment record on both.
  5. dogman

    dogman Well-Known Member

    Hi making - I am still waiting for your trip to the City.

    I am sure I would flunk the "GOOD INTERNAL BEHAVIOR" bit. In fact, I am somewhat known in CA for excellent "EXTERNAL BEHAVIOR" LOL!
    Then after the DNA sample, and the dog licensing

    arf - no bonz about it - dogman

    GEORGE Well-Known Member

    Can you leave them UNUSED for 2 months???

    Then call or write them saying "I WOULD USE THE CARD, BUT THE INTEREST RATE IS TOO HIGH"...
  7. FeliceRodo

    FeliceRodo Well-Known Member

    Dave -

    The upgrades are coming this fall and will run through April. I was told this information in several phone calls from different people in retention and customer service. Their computer systems are being upgraded now with new information and packages that they can offer their existing customers. By packages I mean some kind of flexibility is going to be online for retention and/or customer service to add entire upgrades or partial upgrades. Also, solicitions for upgrades will go out to target customers, low risk, who qualify. That will happen in the fall - most likely starting in November or December - and continue to April.

    I swear this information is accurate in terms of what I have been told as of Monday. I have verified it with different reps as I stated above. Don't hold me responsible if they change their minds. Like I said before, retention almost pleaded with me to take the credit line increase instead of the 15.9 apr, stating that most likely a prime apr under 10 percent was coming down soon that could be offered to me, along with balance transfer options, no annual fees, and even higher limits.

    BTW, my credit line has gone up $1300 in the last six weeks. My card is one year old. That gives me more optimism, since they are notorious for being stingy and conservative.
  8. making

    making Well-Known Member

    sure thing dog..just let me know when you get the acura so i can take it for test drive while im there :)

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