Applied Bank(R) Secured Visa(R) Gold Card Review

The Applied Bank® Secured Visa® Gold Credit Card is one of the better credit cards on the market when it comes to your credit and your credit score. The nice thing about this card is that is has one of the lowest APRs on the market and only requires a small $200 deposit to get your card.

Credit Check
The Applied Bank Secured card does not require a credit check at all. This is good for those who have very bad credit and are having a hard time getting a credit card. Without a credit check, the chances of yourself getting approved are very high.

Credit Limit
The maximum credit limit on the card is $5,000. When it comes to your credit limit, you'll have to make sure that you have this much deposited into your account. The maximum you can put into your account is $5,000. The Applied Bank® card is FDIC insured so you can be comfortable knowing your money is safe.

Credit Reporting
The Applied Bank® card does credit reporting.

Annual Fee
The downfall of the Applied Bank® Secured Visa® is that the annual fee is generally high compared to most of the other cards on the market. The Applied Bank® card has a $50 annual fee. When you comprare it to other cards, it is a little higher.

What We Like About The Card

Low APR Rate: Compared to the other secured credit cards on the market, this Applied Bank secured card has a very low APR rate. Keep in mind that as long as you pay your card off in full, you're going to be able to avoid these rates.

Major Logo: Be assured that you're going to be able to use this card anywhere major logos are accepted. Since this card holds the Visa(R) brand name, you can be assured that this card is going to be accepted millions of merchants nationwide.

High Maximum Credit LImit: Unlike most other secured cards on the market, many have lower maximum credit limits that generally don't surpass $500. The nice thing about this Applied Bank card is that it's total credit limit can reach limits as high as $5,000. This means that you can place as much as $5,000 on the card and get the limit!

No Fee To Open: There are many card holders that tend to take advantage of those that have bad credit. Applied Bank isn't one of those banks that will do this. What you're going to find is that when you apply for the card, there are going to be no fees. The nice thing about the card as well is that you'll find that the annual fee isn't there as well, making it a very fee-friendly card.

To apply, there are a few requirements that the applicant must meet. For starters, the applicant must be 18 years old. The applicant must also be an United States citizen. There are no minimum income requirements to apply for this card.