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 and 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 rewards.

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% .

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® 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.