Applied Bank® Secured Visa® Gold Preferred® Credit Card
- Better than Prepaid...Go with a Secured Card! Load One Time - Keep On Using
- Absolutely No Credit Check or Minimum Credit Score Required
- Automatic Reporting to All Three National Credit Bureaus
- 9.99% Low Fixed APR - Your Rate Won’t Go Up Even if You Are Late
- Activate Today with a $200 Minimum Deposit - Maximum $1,000.
- Increase Your Credit Limit up to $5,000 by Adding Additional Deposits Anytime
Credit Needed: PoorCreditWeb considers the following based on credit types:
A credit score below 600 is considered poor credit. 2
Reviews: Be the first to write one
Rewards: None
| Annual Fee |
Balance Transfers APR |
Purchase Intro APR |
Regular APR |
| $48 |
N/A* |
N/A* |
9.99% Fixed |
|
Our OpinionHaving a good credit score is essential for financial stability. It allows you to qualify for loans, credit cards, and even better interest rates. However, building credit can be challenging, especially if you have little to no credit history. That's where the Applied Bank® Secured Visa® comes in. This secured credit card is designed to help you build credit and improve your credit score.
What is a Secured Credit Card?
Before we dive into the benefits of the Applied Bank® Secured Visa®, let's first understand what a secured credit card is. A secured credit card requires a security deposit, which acts as collateral for the credit limit. This deposit reduces the risk for the credit card issuer, making it easier for individuals with no credit or bad credit to get approved. The Applied Bank® Secured Visa® requires a minimum deposit of $200, and the credit limit is equal to the deposit amount.
Building Credit with the Applied Bank® Secured Visa®
One of the main benefits of the Applied Bank® Secured Visa® is that it reports to all three major credit bureaus - Experian, Equifax, and TransUnion. This means that your responsible use of the card will be reflected in your credit report, helping you build credit and improve your credit score. Make sure to make timely payments and keep your credit utilization low to see the best results.
No Credit Check Required
Unlike traditional credit cards, the Applied Bank® Secured Visa® does not require a credit check. This means that even if you have bad credit or no credit, you can still get approved for this card. This makes it an excellent option for those looking to build credit or improve their credit score.
Upgrade to an Unsecured Card
After using the Applied Bank® Secured Visa® responsibly for a period of time, you may be eligible for an upgrade to an unsecured credit card. This means that you will receive your security deposit back, and your credit limit will be increased. This upgrade will also reflect positively on your credit report, further improving your credit score.
Additional Benefits
Aside from helping you build credit, the Applied Bank® Secured Visa® also offers additional benefits. These include fraud protection, online account management, and the ability to use the card anywhere Visa is accepted. You can also set up automatic payments to ensure you never miss a payment and incur late fees.
Conclusion
Building credit can be a daunting task, but with the Applied Bank® Secured Visa®, it doesn't have to be. This secured credit card offers a path to financial stability by helping you build credit and improve your credit score. With no credit check required and the potential for an upgrade to an unsecured card, this is an excellent option for those looking to establish or rebuild their credit. Apply for the Applied Bank® Secured Visa® today and take the first step towards financial stability.
