Applied Bank® Secured Visa® Credit Card
Card Type: Visa
Card Issuer: Applied Bank
Card Category: Secured
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- 12.99% Low Fixed APR - Rate Won't Change Even If You're Late!
- Choose Your Credit Limit - From $200 up to $5,000
- Monthly Credit Bureau Reporting
- Genuine Visa Credit Card - Not a Pre Paid or Debit Card
- Accepted Worldwide at Millions of Locations
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- Rating:
- Intro Rate:
- No Introductory Rate Available
- APR (Cash):
- 12.99%
- APR (Purch):
- 12.99%
- Annual Fee:
- See Terms
Review
The Applied Bank® Secured Visa® Credit Card, issued by Applied Bank, is designed for those with limited or poor credit history who want the convenience of a credit card. The major benefit of this card is the fixed APR of 12.99% for purchases and cash advances, which is reasonably low for a secured card. There is a $200 minimum deposit required and a $5,000 maximum. Unlike most secured credit cards, this card provides additional services and benefits, including online account access and various fraud protection services. The Applied Bank® Secured Visa® credit card also offers worldwide acceptance at millions of locations, as well as monthly credit bureau reporting. 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® Credit Card has to offer.
Most attractive features: No application fee; monthly credit reporting.
Least attractive features: Issuer does not pay interest on the amount deposited.
Additional Perks: Credit bureau reporting. See website for additional benefits.
Rates & Fees
Introductory rate: No Introductory Rate Available
Applied towards: None
Introductory Rate Details: n/app
Apr(Purchases): 12.99%
Apr(Cash Advances): 12.99%
Finance Configuration: Average Daily Balance (including new purchases)
Annual Fee: See Terms
Additional Cardholders: $50 annual fee (see terms)
Grace Period: None
Minimum Credit Limit: $200
Maximum Credit Limit: $5,000
Late Payment Fee: Up to $35
Cash Advance Fee: n/app
Balance Transfer Fee: n/app
Important Notations: See website for complete terms and conditions of card usage and application disclosure.
Rewards
First Purchase Bonus: n/app
Balance Transfer Bonus: n/app
Annual Bonus: n/app
Other Bonus: n/app
Bonus Details n/app
Reward Type: n/app
Optional Rewards: n/app
Minimum Rebate: n/app
Rebate Details: n/app
Maximum Rebate: n/app
Additional Rebates: n/app
Miles per Dollar spent: n/app
Mile Reward Details: n/app
Additional Miles: n/app
Points per Dollar spent: n/app
Point Details: n/app