← See Secured Cards

Applied Bank Secured Visa Gold Preferred Credit Card Review

Last updated
Applied Bank Secured Visa Gold Preferred Credit Card
Our Take:

The Applied Bank Secured Visa Gold Preferred card is a great card to use as a tool for building credit. It has a low credit limit that allows you to make purchases that you can pay off each month and a low fixed APR. Skip to our full review

Learn More
and find out how you
can apply here.
  • Highlights:
    • Absolutely No Credit Check or Minimum Credit Score Required
    • Automatic Reporting to All Three National Credit Bureaus
  • Deposit Amount
    Activate Today with a $200 Minimum Deposit - Maximum $1,000.
  • Regular APR
    9.99% Low Fixed APR - Your Rate Won’t Go Up Even if You Are Late
  • Annual Fee
    $48 Annual Fee
    • 300
    • 689
    Fair and Bad Credit
  • Annual Fee
    $48 Annual Fee
Show additional fees
CardGuru’s Ratings
Purchase APR
5
Annual Fee
2.5
Overall
3.5

Our Review

The Applied Bank Secured Visa Gold is a good card for people who have to build their credit from scratch, or have “Poor” credit and are looking to rebuild. It’s in the family of secured cards, which means you get access to your credit limit against a deposit you must make once approved. This is different from unsecured credit cards, which make up the majority of traditional credit cards that don’t require a deposit and prepaid or pay-as-you-go cards that you load periodically.

What’s really enticing about this card choice is the very low fixed APR. The APR of this card is fixed at a below average rate which is a great thing for would-be credit users who don’t have the best track record making payments. The bottom line is a lower than average APR saves you money, and that’s particularly useful for people with “Poor” credit who have trouble getting approved for cards with a good rate.

There are some drawbacks, however. Mostly, you should know before you apply for the Applied Bank Secured Visa Gold credit card that it doesn’t come with any perks or rewards other than the opportunity to raise your credit score. There’s also no grace period on payments, so interest starts calculating right at the end of your billing cycle. The fees can hurt, too. Make sure to read the fine print, but otherwise, the low APR is a major boon.

Related Cards
Capital One Secured Mastercard
Capital One Secured Mastercard
OpenSky Secured Visa
OpenSky Secured Visa
First Progress Platinum Prestige MasterCard® Secured Credit Card
First Progress Platinum Prestige MasterCard® Secured Credit Card
Recommended Articles
Featured image: Capital One SavorOne Cash Rewards
Capital One SavorOne Cash Rewards
by Susan Sitwell1 minute read
Applied Bank Secured Visa Gold Preferred
by Susan Sitwell1 minute read
Discover It Student Chrome
by Susan Sitwell1 minute read
Everything You Need To Know About:
Advertiser Disclosure:

The credit card offers that appear on this site are from credit card issuers from which CardGuru.com receives compensation. This compensation may impact how and where products appear on this site, including the order in which they may appear within listing categories. CardGuru.com does not include all credit card offers that might be available to consumers in the marketplace.

Editorial Note:

This content is not provided by Applied Bank. Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Applied Bank.