Applied Bank® Secured Visa® Gold Card
If you want a quick start to a good credit rating, get the Applied Bank® Secured Visa® Gold Card. Applied Bank reports to all 3 of the major credit bureaus, so your wise use of the Applied Bank® Secured Visa® Gold Card will put you on track for high credit scores.
As with any credit card, maintaining a balance that is under 30% of your credit limit will benefit your credit scores, as will a record of on-time payments.
Meanwhile, you don’t have to have good credit scores to apply – you don’t even have to show proof of income. All you need to do is supply your name, address, date of birth and Social Security number to comply with the U.S. PATRIOT Act regulations – then Deposit from $200 up to $5,000 in a FDIC insured Deposit Account at Applied Bank.
Your deposit will be security for the Applied Bank® Secured Visa® Gold Card and your credit limit will equal your deposit. You can start small and add to this non-interest bearing account at any time.
The interest rate on both purchases and cash advances will be 9.99%, even if you’re late with a payment. Interest is computed on your average daily balance, including new purchases.
Over limit and late fees range from $32 to $35 depending upon your credit limit. Cash advance fees are 5% or $5, whichever is greater. The annual fee of $50 will be billed to your credit card each year on the anniversary of your account activation. There is no application fee.
This Visa® card comes with zero percent fraud liability, and is accepted anywhere you see the Visa® logo.
Rates and fees are subject to change without notice.
