Secured Visa Gold Preferred Credit Card is a personal credit card designed for individuals with poor credit who are trying to improve their credit history. The secured card requires an initial deposit and comes with an annual fee, but cardholders’ payment histories will be sent to all three major credit bureaus.
The rate for purchases and cash advances is a fixed rate of 9.99% APR. There is no penalty APR.
There is an annual fee of $48. The foreign transaction fee is 3%. Cash advances incur a fee of either 5% of the amount of each cash advance or $5, whichever is greater. Late payments incur a fee up to $38. Returned payments incur a fee up to $38. The minimum interest charge is $0.50.
There is no rewards program.
There is no signup bonus.
The secured credit card does not come with benefits other than cardholders’ payment histories being reported to all three major credit bureaus.
Secured Visa Gold Preferred Credit Card is an option for individuals even if they have poor or no credit. The card can be used wherever Visas are accepted. Although cardholders are required to provide a secured deposit, their payment histories are reported to credit bureaus.
|Applied Bank® Secured Visa® Gold Preferred®||
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