Applied Bank® Secured Visa® Gold Preferred® Credit Card

High secured credit, low APR and a great tool to fix your score

Updated: Mar 24, 2021

Advertiser Disclosure

The Applied Bank Secured Visa Gold is a credit card tailor-made for people who are looking to fix their less than perfect credit score. If you're looking to start your credit history, you can benefit a lot from using this card. It reports its statements to all 3 of the major credit bureaus, ensuring that your credit score will improve. If you're responsible enough, you can gain quite a lot of benefits from this vital tool. A sound card is essential when it comes to a proper credit repair strategy. This card is issued by a bank based in Delaware. The Applied bank is renowned for its credit repair options and is generally very positively rated on the internet. Even if the card comes with an abundance of features, it still has some high fees associated with it.

ANNUAL FEE

$48

ONGOING APR

9.99% Fixed

INTRO APR

N/A

138 User Ratings

Applied Bank® Secured Visa® Gold Preferred® Credit Card

at Applied Bank's Secured website

Apply Now

Introductory APR

N/A

Intro APR Period

N/A

Minimum Credit Score

Bad Credit OK

Key Features

  • Better than Prepaid... Go with a Secured Card! Load One Time, Keep On Using
  • Absolutely No Credit Check or Minimum Credit Score Required
  • Automatic Reporting to All Three National Credit Bureaus
  • 9.99% Low Fixed APR, Your Rate Won't Go Up Even if You Are Late
  • Activate Today with a $200 Minimum Deposit. Maximum $1,000.
  • Increase Your Credit Limit up to $5,000 by Adding Additional Deposits Anytime

Our Take

A bad credit score is nothing to be ashamed of. A lot of Americans have a less than ideal credit score, which is in dire need of reparation. Lucky for you, there are purpose-built tools to help you repair your credit score. One such tool is the Applied bank Secured Visa Gold Credit Card. It comes jam-packed with credit reparation features to brighten up your credit score. This Applied bank Secured card requires no prior credit history and performs no check, making sure you’re going to be pre-approved. You still need to provide all the necessary information to get the card.

The features that this card comes with are genuinely golden. This is an adequately secured card that is sure to help you improve your credit score if you’re responsible enough. All the benefits are purpose made to help you build up your credit. A good credit score is essential to a happy, healthy financial life. If you’re looking to improve your score, this card is the solution you’ve been waiting for.

Who Is This Card for?

This is a secured card that is made for people who are looking to improve their credit scores. People who are looking to build up their credit score from scratch can also benefit from this card quite a lot. If you’re one of these people, this card is for you. It is issued by Applied Bank, a reputable bank based in Delaware. It’s renowned for its credit rebuilding features, been around since 1996, and has positive ratings on the internet. Improving your credit score is made easy and fun through a powerful nifty tool like this. It’s also based on the Visa credit card platform; you can use it anywhere you like, just mind the foreign transaction fee. Paying online retailers, merchants, supermarkets, and even taking money out of the ATM is all available to you when you’re a proud owner of this Visa Gold card!

Applied Bank Secured Visa Gold Card Benefits

There are quite a lot of benefits that you can expect when you’re using this card.

  • Credit Reporting. This card reports your credit to all 3 of the major credit bureaus, which in turn either increase or decrease your credit score. Always be responsible with your payments, and never buy something you don’t need. While this is a prime secured card, it’s not the best daily card.
  • High approval rate. One of the most notable benefits is high approval ratings. These approval ratings are owed to the no credit check policy and simplified application process.
  • Low APR. Another exciting feature of this card is the surprisingly low APR percentage. With other secured credit cards, the APR and fees are troubling merits. When it comes to this particular credit card, while the initial deposit is comparably high, the APR is incredibly low. Do you want more APR benefits? How about the no penalty APR rate for late payments.
  • High secured credit limit. The initial credit limit you’re given when you sign up for this card is under $1000 and no lower than a couple of hundred dollars, it’s up for your choosing. All your initial deposit requirements are directly in accordance with your initial credit limit. $1000 is a considerable amount, but you can increase it further if you like. If you’re responsible with your payments, and you make a request with the customer support team, you can boost your limit up to $5000. This will require a fee, though, so don’t increase it if you can’t afford it.
  • Can fix your credit. This secured credit card can fix your credit score as much as it can dent it. Remember always to be careful and responsible with your payments.

Are there Any Disadvantages?

Nothing in life is perfect, and neither is this credit card.

  • High Fees. The main disadvantages are the relatively high fees. Even though there is no overdraft fee or penalty APR, the annual fee and the initial deposit are both very unappealing. This is countered by the numerous benefits, of course. But if you’re in no financial position to make large purchases and are already suffering from bad credit, this might not be the best thing around.
  • No bonus or rewards. There are no bonuses when it comes to his card. Even if this is the industry standard when it comes to secured credit cards, it’s still very disappointing when you’re expecting cashback. If you’re looking to fix your credit, this is an excellent tool for you. If you’re looking to gain a couple of benefits, this might not be the best option. After you’ve improved your credit score, you can get a better card! This is normal, and people do it all the time. You’re also going to get your initial deposit back, talk about a bonus!

Should You Use this Card?

Are you in the business of having a good credit score to help you along with your life? You can benefit from using this card. It comes with all the necessary tools to improve your credit score and is jam-packed with important credit building features. It’s also a great starter card and requires no prior credit history. Rebuilding your credit is going to be a breeze with the right strategy and the proper tools. This is a tool, not a magic spell. You should keep that in mind. Even if it doesn’t have any penalty APR, you still shouldn’t get carried away. This card can ultimately damage your credit score if you’re not careful.

If you are determined to build your credit history better and will use credit responsibly the Applied Bank Secured Visa Gold card is a right choice for you.

Frequently Asked Questions

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Basic Information
Issuer: Applied Bank®
Network: VISA®
Category: Consumer (Secured)
Review: Full Card Review
Best Used For:
  • Cards for Bad Credit
  • Low Interest Rate
  • Guaranteed Approval
Rewards: No
Rates & Fees
Regular APR: 9.99%
Regular APR Type: Fixed
Annual Fee: $48
Balance Transfer: No
APR on Cash Advances: 9.99%
Grace Period: None
Late Payment Fee: See Terms
Other Fees:
  • Account Set-up Fee: None
  • Additional Card Fee: $30.00
  • Returned Payment: Up to $38.00
  • Dishonored Check Fee: Up to $38.00
  • International Transaction Fee: 3% of each transaction in U.S. dollars.

Applied Bank® Secured Visa® Gold Preferred® Credit Card Alternatives


Applied Bank® Secured Visa® Gold Preferred® Credit Card

Applied Bank® Secured Visa® Gold Preferred® Credit Card

APPLY NOW

Annual Fee

$48

Regular APR

9.99%

Intro APR

N/A

Min. Credit Level

Bad Credit OK

IMPORTANT
*The information provided for Applied Bank® Secured Visa® Gold Preferred® Credit Card is believed to be accurate at the time of evaluation or recent update on March 24, 2021. However, we strongly advise visitors to review the card fees and Terms & Conditions on the issuer's website by following Apply Now link to verify the accurancy of the information posted prior to applying for this card offer.

Applied Bank® Secured Visa® Gold Preferred® Credit Card

Reviews - (2 User Reviews)
Share your experience and rate the Applied Bank® Secured Visa® Gold Preferred® Credit Card
(Good)
July 1, 2020
Joshua (46-55) - Cardholder
Income on Application
$95300
Credit Score
Fair (580-669)
Credit Limit
$2000
Filed for Bankruptcy
No

Gold card for improving credit score in all credit bureaus

See, I work as a taxi driver for the past 5 years because I lost my job at GM a few years ago. It took me some time to get back on my feet but my credit score was almost nonexistent by that time. This card is just what I needed to improve my credit scores. Years of using it has helped me reach a high 600 credit score and I’m very happy because of that. It’s secure, it’s easy to use, and I think that it’s the best card out there.
Fees & Charges:
4/5
Features & Benefits:
5/5
Customer Support:
4/5
Application Process:
5/5
Comment (0)

(Good)
June 24, 2020
Jake (18-25) - Cardholder
Income on Application
$53525
Credit Score
Needs Work (300-579)
Credit Limit
$1000
Filed for Bankruptcy
No

Using it responsibly

Started using this card 5 months ago… I got it to rebuild my credit score. It has a $50 annual charge which I don’t like, but it’s better than most options I’ve had. I put $500 on it and use it for emergencies only. I try to make all of the payments on time and keep track of my bill. Apart from the annual fee, it’s a solid card for credit growth, but you need to be extra careful not to miss paying your bill. The interests are huge.
Fees & Charges:
2/5
Features & Benefits:
4/5
Customer Support:
5/5
Application Process:
5/5
Comment (0)

Applied Bank® Secured Visa® Gold Preferred® Credit Card

Applied Bank® Secured Visa® Gold Preferred® Credit Card

Min. Credit Required: Bad Credit OK

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