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- 12.99% Low Fixed APR - Rate Won't Change Even If You're Late!
- Choose Your Credit Limit - From $200 up to $500
- Monthly Credit Bureau Reporting
- Genuine Visa Credit Card - Not a Pre Paid or Debit Card
- Accepted Worldwide at Millions of Locations
- No Introductory Rate Available
- Intro APR Period
N/A
- Annual Fee
See Terms
- Fixed APR
12.99%
Issuer: Applied Bank
Category: Secured
Card Type: Visa
Card Status: Standard
Annual Fee: See Terms
Grace Period: None
Late Pay Fee: Up to $35
Over Limit Fee: Up to $35
Type of Rewards:
Best Feature: No application fee; monthly credit reporting.
The Applied Bank® Secured Visa® Credit Card, issued by Applied Bank, is designed for those with limited or poor credit history who want the convenience of a credit card.
The major benefit of this card is the fixed APR of 12.99% for purchases and cash advances, which is reasonably low for a secured card. There is a $200 minimum deposit required and a $500 maximum.
Unlike most secured credit cards, this card provides additional services and benefits, including online account access and various fraud protection services. The Applied Bank® Secured Visa® credit card also offers worldwide acceptance at millions of locations, as well as monthly credit bureau reporting.
It is important to note that a major drawback of the card is that there is no grace period for purchases. This means that interest will be applied immediately to any charges made with the card. A downside is that this card does not pay interest to the deposit amount, which sets it apart from other secured cards that do.
Those who can afford the $200 minimum deposit and do not mind accumulating finance charges once a transaction is posted, will benefit most from the very low rate that the Applied Bank® Secured Visa® Credit Card has to offer.
* See website for complete terms and conditions of card usage and application disclosure.
