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Applied Bank® Secured Visa® Gold Preferred®

in Personal Credit Cards from Applied Bank

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Applied Bank® Secured Visa® Gold Preferred®

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in Personal Credit Cards from Applied Bank

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Highlights
Highlights
Purchase APR  (Fixed APR) 9.99%
Balance Transfer APR  (Fixed APR) N/A
Credit Score Range 300 - 640
Annual Fee $48

Applied Bank® Secured Visa® Gold Preferred® Review

Applied Bank® Secured Visa® Gold Preferred® is a secured credit card credit card issued by Applied Bank. If you're wondering whether Applied Bank® Secured Visa® Gold Preferred® is the right card for you, read on. This is everything you need to know to make a good choice.

Key Takeaways
  • Competitive APRs. Applied Bank® Secured Visa® Gold Preferred® has a fixed purchase APR of 9.99%
  • Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 3% every time you make a transaction outside the U.S.
  • Secured card. This card requires a refundable deposit before you qualify for a line of credit. These cards are often used to improve the credit of people with poor credit or little credit history.
  • Poor credit accepted. This card will consider people who have bad credit. Even if you have poor credit, you may still qualify.
Applied Bank® Secured Visa® Gold Preferred® Pros & Cons
The Good The Bad
  • Lower than average purchase APRs.
  • Considers applicants with fair or poor credit.
  • Applied Bank® Secured Visa® Gold Preferred® reports to multiple credit bureaus.
  • Charges an annual fee of $48
  • Does not offer a signup bonus.
  • Does not offer rewards or cash back.
  • Charges a foreign transaction fee of 3%.
  • You don't earn rewards on every purchase.
  • Does not include many credit card benefits.
Applied Bank® Secured Visa® Gold Preferred® FAQ

Is there a Applied Bank® Secured Visa® Gold Preferred® cash back or rewards program?

No, Applied Bank® Secured Visa® Gold Preferred® does not offer a rewards program.

What are the relevant APRs for Applied Bank® Secured Visa® Gold Preferred®?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. Applied Bank® Secured Visa® Gold Preferred® has lower than average purchase APRs.

Applied Bank® Secured Visa® Gold Preferred® has a fixed purchase APR of 9.99%. It also has a fixed cash advance APR of 9.99% .

Does Applied Bank® Secured Visa® Gold Preferred® have an introductory APR offer on balance transfers?

No, Applied Bank® Secured Visa® Gold Preferred® does not come with an introductory APR offer for balance transfers.

Does Applied Bank® Secured Visa® Gold Preferred® have an introductory APR offer on new purchases?

Applied Bank® Secured Visa® Gold Preferred® does not offer an introductory rate on new purchases.
Applied Bank® Secured Visa® Gold Preferred® Purchase Intro Offer
Description
Introductory Rate N/A
Purchase Intro APR Period (months) N/A

What are the fees for Applied Bank® Secured Visa® Gold Preferred®?

The following fees apply to Applied Bank® Secured Visa® Gold Preferred®:

Applied Bank® Secured Visa® Gold Preferred® Fees
Fees Amount
Annual Fee $48
Foreign Transaction Fee 3%
Returned Payment Fee up to $38
Late Payment Fee up to $38

Does Applied Bank® Secured Visa® Gold Preferred® have a foreign transaction fee?

Applied Bank® Secured Visa® Gold Preferred® charges a foreign transaction fee of 3%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $60. If you travel abroad you may want to leave this card at home and apply for one that doesn't charge a foreign transaction fee.

Does Applied Bank® Secured Visa® Gold Preferred® report your account activity to credit bureaus?

Applied Bank® Secured Visa® Gold Preferred® reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit.

How to apply for Applied Bank® Secured Visa® Gold Preferred®

  • Visit the Applied Bank® Secured Visa® Gold Preferred® website.
  • Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
  • Check the information is accurate and submit your application.
  • If you're denied click here to find out why your application may have been rejected and what you can do about it.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

  • Headquarters
  •   2200 Concord Pike
    Suite 102
    Wilmington, DE 19803
  •   Visit Site

About Applied Bank® Secured Visa® Gold Preferred®

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Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Paper Statement Fee $0
Cash Advance Fee (%) Starting at 5%
Minimum Cash Advance Fee ($) Starting at $5
Foreign Currency Transaction Fee 3%
Annual Fee $48
Minimum Interest Charge $0.50
No Interest Grace Period for Late Payment 0 days
Returned Payment Fee Up to $38
Additional Card Fee Amount $30
Late Fee Amount Up to $38
Customer Type Personal
Minimum Age 18
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Cash
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
  • Unemployed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Credit Score Range 300 - 640
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Rewards Type No Rewards
Security Deposit $200 - $1,000
Cash Advance APR (Fixed APR) 9.99%
Balance Computation average daily balance (including new purchases).
Credit Limit Up to $1,000
Purchase APR (Fixed APR) 9.99%
Card Type
  • Secured
  • Bad Credit
Card Network Visa

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