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I was sent an invitation by Orchard Bank after being classified a high risk for most cards. WIthout a credit score over 650, most regular cards are out of reach. However, most of the cards I was offered either limited me to one store to shop at, charged fees which swallowed up most of my available credit and had to be paid off before I could even begin to use the card, or required a security deposit. Orchard Bank gave me a $300 limit without any of those awful conditions. Not everyone who has bad credit has terrible credit, and many of us are worth them risking $300 for. The interest rate is reasonable for someone with a higher risk, unlike some of those 29.99% cards that cry out "usury." HSBC is a large lender, and carry some of the more popular retail cards, such as Best Buy. While not the cheapest deal in credit around, they offer the dignity that ordinary credit cards carry, even if you don't get the highest credit limit. They give you an opportunity to rebuild your credit, reporting your good behavior to the credit reporting agencies. They are the closest to a normal credit card. All that is really different is a higher interest rate and a lower credit limit, commensurate with your risk. I recommend this to anyone looking to repair or build credit.
