Applied Bank® Secured Visa Gold Card
issued by Applied Bank |
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Overall Rating
Benefit Rating
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Apply online for this card or
read on for a full review of all the features.
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 In-Depth Credit Card Review |
This online card application is intended for residents of the United States only. For other country options, please refer to the right hand menu bar.
The Applied Bank® Secured Visa® Gold Card, issued by Applied Bank®, is designed for those with limited or poor credit history.
The major benefit of this card is the fixed APR of 9.99% for purchases and cash advances, which is reasonably low for a secured card. There is a $200 minimum deposit required, a $5,000 maximum, and an annual fee of $50.
Unlike most secured credit cards, this card provides additional services and benefits including online account access and various fraud protection services.
It is important to note that a major drawback of the card is that there is no grace period for purchases. This means that interest will be applied immediately to any charges made with the card. A downside is that this card does not pay interest to the deposit amount, which sets it apart from other secured cards that do.
Those who can afford the $200 minimum deposit and do not mind accumulating finance charges once a transaction is posted, will benefit most from the very low rate that the Applied Bank® Secured Visa® Gold Card has to offer.
Most Attractive Feature: No application fee; very low annual fee.
Least Attractive Feature: Issuer does not pay interest on the amount deposited.
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Note: The review of this Applied Bank card was updated on 01/02/2009 and is believed to be accurate during the update,
however, information posted may have since changed. We strongly suggest that you carefully read the Terms and
Conditions statement that accompanies the credit card application
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| Key Card Information |
| Miscellaneous Rates and Terms |
| Credit Limits: | $5,000 (Maximum) / $200 (Minimum) |
| Purchases APR: | 9.99% | | Cash Advance APR: | 9.99% | | Finance Config: | Average Daily Balance (including new purchases) | | Grace Period: | None | | Fees Associated with this Card |
| Annual Fee: | $50 |
| Add. Cardholders: | $0 |
| Late Payment Fee: | $32 or $35 on credit limits of $1,000 or more |
| Over-the-Limit Fee: | $32 or $35 on credit limits of $1,000 or more | | Cash Advance Fee: | Greater of $5 or 5% |
| Additional Highlights of Interest |
Special Card Benefits and Features
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See website for additional benefits.
Important Notes Regarding This Offer
Credit bureau reporting.
See website for complete terms and conditions of card usage and application disclosure. |
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