Overview

Who is this credit card designed for?

Applied Bank® Secured Visa® Gold Preferred® is a secured credit card issued by Applied Bank, which is based in Wilmington, DE.  Secured cards are a type of credit card that is backed by a secured payment, which is used as collateral. These cards are often used by borrowers with poor credit or little credit history to help build their credit.

Applied Bank® Secured Visa® Gold Preferred® is designed for people with a credit score of 300 to 640.

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

What are the relevant APRs?

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

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

Is an introductory APR offer available?

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

Applied Bank® Secured Visa® Gold Preferred® does not offer an introductory rate on new purchases.

What are the fees?

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

• An annual fee of $48. Make sure the rewards and benefits of this card justify the cost of the annual fee.
• A late payment penalty of $38.
• A returned payment fee of $38.
• A foreign transaction fee of 3%. Transactions in a foreign currency get hit with a 3% fee. For example, if you buy a $1,000 flight in euros, you will pay a foreign transaction fee of $30.

Is a rewards program offered?

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

Is a signup bonus offered?

Applied Bank® Secured Visa® Gold Preferred® doesn't offer a cash signup bonus.

Is an annual loyalty bonus offered?

Applied Bank® Secured Visa® Gold Preferred® doesn't offer a cash loyalty bonus.

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 and on-time payments on a credit card that reports your account activity to credit bureaus will demonstrate that you consistently manage debt well and can help increase your credit scores.