Applied Bank Secured Credit Cards
Applied Bank issues Visa® and MasterCard® credit cards. Its secured credit cards are Visa labeled cards with a FDIC Insured Deposit Account. The deposit is needed to secure the Applied Bank Visa Gold credit card. Therefore, your credit limit will be equal to the deposit you pay and the deposit can be somewhere between $200 and $1,000.
The security deposit is a common feature of secured credit cards. What distinguishes the Applied Bank secured card from other secured credit cards is its interest rate on purchases. The card comes with a remarkable 9.99% low fixed APR. Something you can afford when you cannot pay off your card balance in full each month.
Applied bank reports all (good and bad) credit card payment activity to the major credit bureaus. So you will have to follow the payment schedule responsibly if you want to improve your credit. Applied Bank can help you to be current with all your payments by giving you online account access. Online account will allow you to make payments online and keep an eye on your credit card balance and card charges.