- Green Member
- Posts: 24
- Joined: Wed Jul 24, 2013 8:07 pm
- Location: USA
Alright all, here's the beef:
Almost 2 years ago my credit was seriously tanked and I applied for an Orchard Bank card to re-build. I was approved at $300 un-secured and a $50 dollar annual fee. I figured it wasn't too bad for someone with junked up credit so I kept with it. Orchard never once raised my CL and when I tried to call them I swear I was calling the middle east and couldn't understand a word between the rurr durr durr nonsense.
Anyway, Orchard was recently bought out by CapOne as most of you know. I've contacted CapOne several times and said this Orchard card is useless and unless they will raise the limit significantly then there's no point in me keeping it.
I've done their request for a CLI online about 3 times and every time I get a letter in the mail that says, "Sorry we can't approve your request while we transition your account from Orchard Bank, please be patient."
I've heard it's bad to close old accounts because it kills your age of open credit lines and this card happens to be the oldest card I've had. However, the APR is terrible, theres no rewards compared to my other good cards, the CL is useless (300 bucks), and theres a stupid annual fee, for what benefit?
I really don't want the card but I don't want to screw up my credit by closing it, what do you guys suggest?