Applied Bank® Unsecured Classic Visa® Card

Will help build credit fast but comes with fees

Updated: Mar 24, 2021

Advertiser Disclosure

The Applied Bank Unsecured Classic Visa credit card is designed for those with poor credit ratings to help build credit fast. The card is reporting to the credit bureaus monthly and offers fixed rates. However, it has rather high annual and processing fees.

ANNUAL FEE

See Terms

ONGOING APR

29.99% Fixed

INTRO APR

N/A

160 User Ratings

Applied Bank® Unsecured Classic Visa® Card

at Applied Bank® Secured website

Apply Now

Introductory APR

N/A

Intro APR Period

N/A

Minimum Credit Score

Poor

Key Features

  • Quick & Easy Approval in Less Than 60 Seconds!
  • Reports to All Three Major Credit Bureaus
  • No Penalty Rate. Your Rate Won't Go Up Even If You are Late
  • Access Additional Credit With On-Time Payments and Responsible usage
  • A True Unsecured EMV enabled (chip) Visa Credit card
  • Does not require perfect credit for approval
  • Fixed APR and Manageable Monthly Payments
  • 24/7 Online Account Access and Payment Options
  • E-mail Payment reminders help you keep your account in good standing

Our Take

The Applied Bank Unsecured Classic Visa credit card gives ultimate buying power to its cardholders. The concept is easy, allowing virtually anyone with poor credit to get pre-approved. This starter credit card is designed to build your credit since 1996. Regardless of your financial situation, this unsecured card assists you with achieving all your financial goals. Whether this is your first card or you’ve had a series of financial downfalls that have destroyed your credit, the Applied Bank Unsecured Visa allows you to be approved easy, fast, and online.

Applied Bank Unsecured Classic Visa Benefits

  • Credit reporting. The Applied bank will report all your credit activities to the main 3 Credit Bureaus. It’s good for building credit when you use the card responsibly. If not – it can make things with your score even worse.
  • The application process is easy. With filling out some basic information and a few clicks, you’re on your way to getting this card. It’s done online, so the application is quick and the results are almost instant. However, there is a processing fee which is rather high. After submitting your application you will be assigned an initial credit limit which usually starts from $300. Keep in mind, that the first-year annual card fee will be deducted from it at once.
  • Fixed APR. Many credit cards have set varying APRs. This one doesn’t. The purchase APR is rather high but there is no penalty. And the rate won’t go up anymore even if you miss a payment!
  • Annual Fee. Reduced 2nd year. The Applied Bank Unsecured Classic card comes with a hefty annual fee. Which is reduced by half from the second year.
  • Worldwide acceptance. It’s a Visa card, so it’s accepted virtually everywhere worldwide. Whether it’s shopping in stores, pulling out cash at an ATM, or shopping online, you’ve got the flexibility with your card. It’s a regular, unsecured credit card, so where you want to spend your credit it is up to you. It’s able to be used for any purchase that accepts Visa so your possibilities are endless. Keep in mind that APR is rather high and it has an international transaction fee, too.
  • Zero fraud liability. This card is protected. It’s got zero fraud liability, so there are no worries about identity theft or fraudulent charges. The bank has received an excellent rating for financial strength.

Frequently Asked Questions

Apply Now
Basic Information
Issuer: Applied Bank®
Network: VISA®
Category: Consumer (Regular)
Best Used For:
  • Cards for Bad Credit
  • Instant Decision
  • Unsecured
  • Building Credit
  • Damaged Credit
Rewards: No
Rates & Fees
Regular APR: 29.99%
Regular APR Type: Fixed
Annual Fee: See Terms
Balance Transfer: No
APR on Cash Advances: 29.99%
Grace Period: None
Late Payment Fee: Up to $38
Other Fees:
  • Processing Fee: $89 (One-time Fee paid prior to account opening)
  • Annual Fee: $75 (1st yr); after that, $45 annually
  • Additional Card Fee: $30
  • Replacement Card Fee: $30
  • Copying Charges: $10 per copy
  • Stop Payment Fee: $30
  • Reinstatement Fee: $50
  • International Transaction Fee: 3%

Applied Bank® Unsecured Classic Visa® Card Alternatives


Applied Bank® Unsecured Classic Visa® Card

Applied Bank® Unsecured Classic Visa® Card

APPLY NOW

Annual Fee

See Terms

Regular APR

29.99%

Intro APR

N/A

Min. Credit Level

Poor

IMPORTANT
*The information provided for Applied Bank® Unsecured Classic Visa® 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® Unsecured Classic Visa® Card

Reviews - (3 User Reviews)
Share your experience and rate the Applied Bank® Unsecured Classic Visa® Card
(Good)
December 22, 2020
Susan (36-45) - Cardholder
Income on Application
$39679
Credit Score
Needs Work (300-579)
Credit Limit
$0
Filed for Bankruptcy
No

I’ll use it to build my credit score back up

I found this card a solid option for building a credit score. I managed to bring my score down to 550 and I don’t have that many options at the moment. The credit card issuer sends reports to all credit bureaus… I’ll just continue to pay off my balances until I’m able to apply for a better card again. I don’t like that the card has a very high processing fee and annual fee. But at the moment it’s the one that I can use…. and the annual fee is half the price from the second year which is great if I need to continue using it to get up to a good credit score
Fees & Charges:
3/5
Features & Benefits:
3/5
Customer Support:
5/5
Application Process:
5/5
Comment (0)

(Good)
September 24, 2020
Cecily (18-25) - Cardholder
Income on Application
$2400
Credit Score
Fair (580-669)
Credit Limit
$2000
Filed for Bankruptcy
No

Maintenance fee

Dont like that it has a monthly maintenance fee!
Fees & Charges:
3/5
Features & Benefits:
3/5
Customer Support:
5/5
Application Process:
5/5
Comment (0)

(Good)
August 15, 2020
Mack (26-35) - Applicant
Income on Application
$38000
Credit Score
Fair (580-669)
Credit Limit
$300
Filed for Bankruptcy
No

Just got approved

I got approved but weary of the fees like annual and monthly
Fees & Charges:
3/5
Features & Benefits:
4/5
Customer Support:
4/5
Application Process:
5/5
Comment (0)

Applied Bank® Unsecured Classic Visa® Card

Applied Bank® Unsecured Classic Visa® Card

Min. Credit Required: Poor

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