Applied Bank® Secured Visa® Gold Preferred® Credit Card
Consumer Reviews, Fees, Credit Score, Application & Best Alternatives
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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. Below, you're going to find our PRO review on this card. Read all about it and determine if this is the right choice for you.
- 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
- Read the Review of Applied Bank Secured Visa Card.
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. It comes jam-packed with credit reparation features to brighten up your credit score.
Approval ratings are unparalleled - it requires no prior credit history and performs no check, making sure you're going to be approved. You still need to provide all the necessary information to get approved.
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. See: Secured Cards Explained
Who Is This Card for?
This is a secured card that is made for people who are looking to improve their credit score. 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, which is what you need. It's been around since 1996 and generally 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!
Credit Card Benefits
There are quite a lot of benefits that you can expect when you're using this card. One of the most notable benefits is high approval ratings.
These approval ratings are owed to the no credit check policy. 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. Even if there aren't any penalties for late payment, it will reflect on your credit score.
This credit card can fix your credit score as much as it can dent it. Remember always to be careful and responsible with your payments.
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.
Are There Any Disadvantages?
Nothing in life is perfect, and neither is this credit card. 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. (See Cards with no Annual Fee)
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.
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.
PRO-TIP: If you're looking to gain a bit of reward from your card, you'll have that option. Even if it doesn't have any bonus policies on its own, you can use it to repair your credit score.
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?
If you're in the business of having an excellent 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 starting card since it 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.
The most significant issues with this card are the relatively high initial fee and annual fees. If you can not afford these fees, you might want to research credit repair cards. Secured credit cards are far superior but do require a hefty initial deposit.
This card reports its statements 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.
No cashback features or bonuses make it, so it's reserved for more significant purchases. If you're determined to build your credit history better, this card can be right for you.
Read the Review of Applied Bank Secured Visa Card.
- No APR penalty
- No over-limit fee
- Ability to increase your purchasing power to $5000
- High initial credit limit of $1000
- Insurance comes with the card
- Simple sign up
- Guaranteed approval rating
- No rewards at all
- High initial deposit
- High monthly fees
- Slow physical card arrival
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Rates & Fees
|Introductory APR (%):||N/A|
|Regular APR Type:||Fixed*|
|APR on Cash Advances:||9.99%*|
|Late Payment Fee:||See Terms*|
Alternatives, Compare Applied Bank® Secured Visa® Gold Preferred® Credit Card With Similar Offers
Applied Bank® Secured Visa® Gold Preferred® Credit Card
Min. Credit Level
Bad Credit OK*