Applied Bank® Secured Visa® Gold Preferred® Review

Applied Bank® Secured Visa® Gold Preferred® is a secured credit card credit card issued by Applied Bank. 

Secured cards are credit cards that require a refundable deposit before you qualify for a line of credit. These cards are often used to build the credit of consumers with with poor credit or little credit history.

This card is designed for people who have bad credit. The minimum credit score to apply is 300.

This card has a minimum credit limit of $5,000.

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.

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.

Applied Bank® Secured Visa® Gold Preferred® Rewards

Rewards rate (all purchases)	N/A
Max rewards rate	N/A
Annual rewards limit	N/A
Signup Bonus ($)	N/A

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

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

It also has a fixed cash advance APR starting at 9.99% .

Applied Bank® Secured Visa® Gold Preferred® Balance Transfers

Description
Balance Transfer APR	N/A
Introductory Rate	N/A
Intro APR period (months)	N/A

Applied Bank® Secured Visa® Gold Preferred® Rates & Terms

Description
Balance Computation	"average daily balance (including new purchases)"
Purchase APR	9.99%
Credit Limit	$5,000
Penalty APR	N/A
Cash Advance APR	Starting at 9.99%
Security Deposit	$200 - $1,000
Introductory Rate	N/A
Intro APR period (months)	N/A

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

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	$38
Late Payment Fee	$38

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 score.

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.