Having a bad credit history may greatly affect a user's future credit card applications, at least for the next seven years down the road. With tainted, poor or bad credit history, there are only two options left for the down-on-its-luck credit card user: go with cash or get the Orchard Bank Silver MasterCard.

One of the few credit cards that will not shun card users with bad credit histories, the Orchard Bank MasterCard offers a multitude of privileges all over the world within 22 million locations. In addition, the card aids in the rebuilding of good credit reports as it is also responsible for reporting to all three credit bureaus on a monthly basis, thereby strengthening its users' credit scores.

Apart from that, the user is also not held accountable for unauthorized charges, thus making it a great tool for shopping on the Internet. In fact, the Orchard Bank MasterCard users are also able to access their online account 24 hours a day, as well as make bill payments with the card without a usage fee incurred.

However, getting approved for a credit card does not mean that users should go on a spending spree, not especially with this card. For starters, a high annual fee of $49 and an application fee of another $49 are imposed, resulting in total fees payable of $98 within the first year of using the card.

Additionally, interest rates of the Orchard Bank MasterCard are charged based on a variable annual percentage rate (referencing to the Prime Rate), which ranges from between 15% to 17%. Also, the APR for cash advances stands at 24%, with an additional 5% of cash advance fee (or a minimum of $5) applicable for each cash advance transaction.

Finally, the Orchard Bank MasterCard has an interest-free grace period of 25 days for payments to be made. Once the grace period is over, there will be a $30 late payment fee chargeable for every $1000 outstanding balance and a $35 fee for balances over $1000. Surpassing credit limits are also a big no-no as users will be charged an extra $30 for this. Evidently, for every good bargain, there are always strings attached.