"CSR Talked Me Into This"
USAA Rewards™ World MasterCard® Review
Written by: john1979 on 2008-02-18
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john1979's review: 
Refinanced my car with USAA for 5.49% however I was 2k short on the LTV. CSR told me to apply for USAA MC and then I could do a BT for the 2K. I was approved instantly for 5K but didn't transfer the balance because there were no intro rates available( ex 0% for 12 months). So I ended up doing a BT with a pre-existing chase account for 0.99% for 10 months. Oh well I saved 2.5% on the Auto loan and now have yet another Mastercard. At least the cards I most recently applied for have decent CL's. Im contemplating closing orchard even though its my oldest card.(6 years) but honestly I have no need for the card. The interest rate is crazy, there is an annual fee and the credit limit(1400) is a joke. Any feedback will help. Thanks everyone!
Refinanced my car with USAA for 5.49% however I was 2k short on the LTV. CSR told me to apply for USAA MC and then I could do a BT for the 2K. I was approved instantly for 5K but didn't transfer the balance because there were no intro rates available( ex 0% for 12 months). So I ended up doing a BT with a pre-existing chase account for 0.99% for 10 months. Oh well I saved 2.5% on the Auto loan and now have yet another Mastercard. At least the cards I most recently applied for have decent CL's. Im contemplating closing orchard even though its my oldest card.(6 years) but honestly I have no need for the card. The interest rate is crazy, there is an annual fee and the credit limit(1400) is a joke. Any feedback will help. Thanks everyone!
8 Comments
Comment 2 by john1979
RE: 
on 2008-02-18
No the AF is $49... The Credit Limit is $1400... Not even worth my time to be honest...
on 2008-02-18 No the AF is $49... The Credit Limit is $1400... Not even worth my time to be honest...
Comment 3 by hjm331
RE: John on 2008-02-18
Oh ok. I thought the limit was $5k, guess not. If you don't need the card, don't even keep it open nor pay them the AF.
on 2008-02-18 Oh ok. I thought the limit was $5k, guess not. If you don't need the card, don't even keep it open nor pay them the AF.
Comment 4 by meya
I Feel You on 2008-02-18
I have had Orchard for over 4 years now and my limit is only $1300. I am getting rid of them as soon as I start to get my teir one cards. I don't care if my score drops, they can have this card back. It is not worth it especially when you have other cards twice orchard limit.
on 2008-02-18 I have had Orchard for over 4 years now and my limit is only $1300. I am getting rid of them as soon as I start to get my teir one cards. I don't care if my score drops, they can have this card back. It is not worth it especially when you have other cards twice orchard limit.
Comment 5 by john1979
RE: on 2008-02-19
Hell Ya Meya, that's what Im talking about... I know a good place for Orchard to stick their card. It is the worst card, yet the oldest... Figure that one out. Plus if I cancel this one it will free up a HSBC account.(You know the 2 max HSBC accts rule) But chances are I will never get another HSBC acct. I have a BestBuy MC already so I think Im good. When the AF is due later this month Im dropping them. I can think of better things to do with the $49 annual fee!
on 2008-02-19 Hell Ya Meya, that's what Im talking about... I know a good place for Orchard to stick their card. It is the worst card, yet the oldest... Figure that one out. Plus if I cancel this one it will free up a HSBC account.(You know the 2 max HSBC accts rule) But chances are I will never get another HSBC acct. I have a BestBuy MC already so I think Im good. When the AF is due later this month Im dropping them. I can think of better things to do with the $49 annual fee!
Comment 6 by meya
Okay on 2008-02-19
Hellllooo (snaps)! Tell me about it. Pretty soon I am giong to start a new forum, "Who let Orchard Go"... Lol! I know where I am going to put their card... It wont be the shredder... Hehehehehe
on 2008-02-19 Hellllooo (snaps)! Tell me about it. Pretty soon I am giong to start a new forum, "Who let Orchard Go"... Lol! I know where I am going to put their card... It wont be the shredder... Hehehehehe
Comment 7 by arod
Well Meya on 2008-02-19
Pay it off and put it away. Its still good to have that line in your credit report.
I will say don't close it pay it off and put it in your closet this old account is worth keeping
It happen to me already,
Well Good luck on what you decide,
Take care,
Alex
on 2008-02-19 Pay it off and put it away. Its still good to have that line in your credit report. I will say don't close it pay it off and put it in your closet this old account is worth keeping
It happen to me already,
Well Good luck on what you decide,
Take care,
Alex
Comment 8 by hjm331
RE: Meya on 2008-02-19
Meya, ARod is right. Don't close this account since it is your oldest card since you started rebuilding your credit. You have worked hard for a great payment history and don't let it go down the drain. Just pay it off, don't use it, and put it away somewhere in your house.
on 2008-02-19 Meya, ARod is right. Don't close this account since it is your oldest card since you started rebuilding your credit. You have worked hard for a great payment history and don't let it go down the drain. Just pay it off, don't use it, and put it away somewhere in your house.
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Disclaimer: This content is not provided by USAA Savings Bank. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by USAA Savings Bank. Review content is powered by Finance Globe.
