Applied Bank Secured Visa Gold Preferred Credit Card – www.appliedbank.com

Have you ever wondered about the Applied Bank Secured Visa Gold Preferred Credit Card? If so, then you should keep on reading this article and don’t look back, there are lot of information to be gotten right here.

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

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Applied Bank Secured Visa Gold Preferred Credit Card

Now if you want to build or rebuild your credit, then you should consider the Applied Bank Secured Visa Gold Preferred Credit Card. You should deposit the amount of $200 to $1,000 to activate the card. The amount you deposit minus the $48 annual fee is your initial credit limit for the card.

The Applied Bank Secured Visa Gold Preferred Credit Card has a percentage of 9.99% (Fixed) annual percentage rate.

Applied Bank Secured Visa Gold Preferred Credit Card Best Features

A Fixed APR: The Applied Bank Secured Visa Gold Preferred Credit Card has charges of an interest rate of 9.99% (Fixed), so you do not have to worry about APR increases.

Increase your credit limit with additional deposits: Applied Bank Secured Visa Gold Preferred Credit Card account users or holders can easily increase their credit limit by simply making additional deposits of up to a total of $5,000.

Applied Bank Secured Visa Gold Preferred Credit Card Drawbacks

No rewards program or 0% APR introductory offer: With the Applied Bank Secured Visa Gold Preferred Credit Card, new users or cardholders do not receive any rewards at all or a 0% APR introductory offer.

No grace period: The Applied Bank Secured Visa Gold Preferred Credit Card do not offer a grace period, so you must be charged interest as soon as your billing cycle closes or expires.

Fees: The Secured Visa Gold Preferred Credit Card charges several fees in addition to the $48 annual fee. the Fees include an up to $38 late payment fee, an up to $38 returned payment fee, also a $30 stop payment fee, and a $12.95 fee for each optional payment, a $30 fee for additional or replacement cards a $50 reinstatement fee, and also a 3% foreign transaction fee.

Applied Bank Secured Visa Gold Preferred Credit Card Rates and Fees

Here are the Credit card rates and fees below:

  • Issuer NameApplied Bank.
  • Credit NeededBad Credit.
  • Annual Fee$48.
  • 99% (Fixed).
  • Balance Transfer FeeSee Terms.
  • Cash Advance FeeEither $5 or 5% of the amount of each cash advance, whichever is greater.
  • Foreign Transaction Fee3%.

Applied Bank Secured Visa Gold Preferred Credit Card Highlights

Here are some highlights about this credit card below:

  • Better than Prepaid. Go with a Secured Card! Load One Time – Keep Using it.
  • It has absolutely No Credit Check or a Minimum Credit Score Required.
  • Has an Automatic Reporting to All Three National Credit Bureaus.
  • 99% Low Fixed APR – Your Rate will not Go Up Even if You Are Late.
  • To Activate is with an amount of $200 Minimum Deposit – Maximum $1,000. Increase Your Credit Limit up to $5,000 by Adding Additional Deposits Anytime.

Applied Bank Secured Visa Gold Preferred Credit Card Benefits

Applied Bank Secured Visa Gold Preferred Credit Card holders receive benefits including:

  • Global acceptance.
  • Global ATM network.
  • Global emergency assistance, including a replacement card and emergency cash.

Applied Bank Secured Visa Gold Preferred Credit Card Comparison to Other Cards

Applied Bank Secured Visa Gold Preferred Credit Card vs. Capital One Platinum Secured Credit Card

Annual fee: The Applied Bank Secured Visa Gold Preferred Credit Card simply requires an amount of $48 annual fee. The Secured Credit Card does not charge an annual fee.

Rewards: Neither card offers a rewards program.

Sign-up bonus: Neither card offers a sign-up bonus.

Benefits: Applied Bank Secured Visa Gold Preferred Credit Card users or holders get to receive benefits including global acceptance, a global ATM network and also a global emergency assistance, including a replacement card and emergency cash.

The Capital One Platinum Secured Credit Card users or holders have the access to emergency card services, fraud coverage and MasterCard identity theft protection.

Applied Bank Secured Visa Gold Preferred Credit Card Application Process

Now According to the bank’s website, you won’t need to wait longer than 24 hours before you can get approved, if you decide to apply for an Applied Bank credit card. Then application process is very simple and easy. All you need to do is to simply fill out a form featured on the issuers’ website. After you are done providing your name, address, and phone number, you will also need to state whether you own an active credit, debit, or prepaid card. All of this shouldn’t take much of your time or more than a minute.

Keep in mind that your approval will only depend on the verification of your identity, residence, and also the ability for you to pay the security deposit. Upon approval, the bank will then draw your refundable Applied Bank secured card deposit from the credit/debit/prepaid card you have provided.

Is Applied Bank Legitimate?

Yes, it is. This is a company that is based in Wilmington, Delaware; Applied Bank has been providing banking products and also services since the year 1996. The financial institution is simply an industry leader in offering secured and also unsecured credit cards to consumers with troubled or limited credit history.

What Is The Credit Limit For An Applied Bank Credit Card?

As a Secured Visa Gold Preferred user or cardholder, you can then start with a credit limit between the amount of $200 and $1,000, depending on the security deposit that you put down. The Applied Bank credit card review also shows that you can easily increase your spending power by adding to your security deposit up to a total of $5,000.

How Soon Do You Get A Credit Card After Applying?

Well once you are done applying for a secured credit card from Applied Bank, you will then have to wait anywhere between the period of seven to 24 business days for your card to arrive in the mail.

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