Is Orchard Bank still in business?
Update: Orchard Bank Credit Cards are no longer available. Operating as a subsidiary of HSBC, most of HSBC’s credit card business was acquired by Capital One in 2012. I have had about a dozen people ask me if Orchard Bank credit cards are a scam.
What happened to Orchard Bank?
Update: Orchard Bank credit cards have been discontinued. It’s one of the easiest unsecured credit cards to get. But even if you don’t qualify for an unsecured card, you might be offered a secured credit card, which gives you an opportunity to improve your credit history.
Who owns Orchard Bank?
megabank HSBC
Orchard Bank, part of megabank HSBC, offers three credit cards plus a secured card for consumers needing to rebuild their credit.
Who is Orchard Bank?
Orchard Bank was a subsidiary of HSBC, known for offering credit cards to people with fair credit and bad credit. Capital One acquired most of HSBC’s. The good news is that Capital One (a WalletHub partner) is among the few major issuers with offers for people across the credit spectrum.
What happened to Providian credit card?
Once an industry stronghold, the Providian credit card became obsolete in 2008 when its then-issuer was seized by federal regulators. Its downfall is inextricably linked to one of the greatest bank failures of all time.
What is Household Orchard Bank?
Household Bank is an offshoot of HSBC, a UK-based global financial institution that also owns Orchard Bank. These two institutions (Orchard and Household) are known for lending to those with less-than-stellar credit who don’t normally get approved for loans.
Who owns Providian National Bank?
Washington Mutual Inc
Providian
| Type | Acquired; formerly Public (NYSE: PVN) |
|---|---|
| Products | Financial services |
| Revenue | $2.6 billion USD (2004) |
| Number of employees | 3,500 |
| Parent | Washington Mutual Inc (at time of acquisition) JPMorgan Chase (since 2008) |
What bank was Washington Mutual?
Washington Mutual, Inc—abbreviated to WaMu—was a savings bank holding company and the former owner of WaMu Bank, which was the United States’ largest savings and loan association until its collapse in 2008.
Is Capital One a good Bank?
Overall bank rating Capital One 360 offers a top-of-the-line bank experience with strong customer support. Its checking and savings accounts also earn solid rates and don’t charge monthly fees. Capital One has flexible overdraft options, though its overdraft charge is high.
What happened Providian Bank?
Providian Financial Corporation was one of the leading credit card issuers in the United States when it was sold to Washington Mutual for approximately US$6.5 billion in October 2005. Washington Mutual, Inc., continued to run the company as a wholly owned subsidiary, out of its San Francisco headquarters. …
What bank was before Washington Mutual?
Washington Mutual
| Washington Mutual logo | |
|---|---|
| Trade name | Washington National Building Loan and Investment Association (1889–1908) Washington Savings and Loan Association (1908–1917) Washington Mutual Savings Bank (1917–1994) Washington Mutual Bank (1994–2008) |
| Headquarters | Seattle, Washington, U.S. |