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The Aspen Credit Card used to be issued by Columbus Bank and Trust. It is a sub prime credit card that is targeted towards those with bad or poor credit. It has been discontinued. Which card should you get? We are now going to compare the major sub prime credit cards and make our recommendations.
Fee Comparison of Major Sub Prime Credit Cards
| Cards |
Application
Fee |
Processing
Fee |
Annual Fee |
Monthly
Maintenance
Fee |
APR |
Rewards |
| Tribute Mastercard |
$29.00 |
n.a. |
$150 |
$6.50/mth |
P+11.50% |
No Rewards |
| First Premier |
$95.00 |
$29.00 |
$48.00 |
$6.00/mth |
9.90% |
No Rewards |
| Imagine Mastercard |
n.a. |
$4.95 or $9.95 |
$150.00 |
$6.50/mth |
P+11.25% |
No Rewards |
| Total Visa |
$96.00 |
$56.00 |
$48.00 |
$8.00/mth |
19.92% |
No Rewards |
| Rewards 660 Visa |
$95.00 |
$97.00 |
$48.00 |
$10.00 |
19.92% |
No Rewards |
| Orchard Bank Prime Platinum Mastercard |
n.a |
n.a |
No annual fee |
n.a |
15.99% |
Unlimited 2% Cash Rebates |
| Orchard Bank Platinum Mastercard |
n.a |
n.a |
$39-$69 |
n.a |
8.90% to 14.90% |
Unlimited 2% Cash Rebates |
| Orchard Bank Gold Mastercard |
n.a |
$19.00 |
$79.00 |
n.a. |
8.90% to 14.90% |
Unlimited 2% Cash Rebates |
| Orchard Bank Secured Mastercard |
n.a |
n.a |
$35.00 |
n.a. |
8.90% to 14.90% |
Unlimited 2% Cash Rebates |
Recommendations - If you are looking for the Aspen Visa Credit Card (which has been discontinued), we suggest you get the Orchard Bank Low APR Platinum MasterCard. The reason is that this is a credit card issued by a very reputable bank (HSBC Bank) and has the most reasonable fees and apr compared to most other "bad credit credit cards".
One of the things you have to be aware of the Orchard Bank Master Card is that you can either be approved for the Prime Platinum, Platinum, Gold or Secured version.
If you have very bad credit, you will most likely be approved for the Orchard Bank Secured Master Card. This comes with an annual fee of $35 and a very reasonable apr which ranges from 8.90% to 14.90%.Alternatively, you may get the Orchard Bank Gold Master Card. This one comes with a $79.00 annual fee and a very low application fee of $19.00. Once again, your apr will range from 8.90% to 14.90%You may also be approved for the Orchard Bank Platinum Master
Card. This card has an annual fee that ranges from $39 to $69 depending on your credit. Your apr will range from 8.90% to 14.90% If you have fair credit, you may be approved for a Orchard Bank Prime Platinum Master Card with no annual fee and a 0% apr for balance transfers for 6 months. The apr is 15.99%.
You will also notice that unlike other cards, the Orchard Bank cards do not charge any monthly maintenance fees. If you have bad credit, this is the card to get.
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