The Applied Bank® Gold Preferred® Secured Visa® Card is a solid option to rebuild and establish your credit score. The bank does not perform any credit checks on new requests, so even if you have bad or no credit history at all, you can count on this product to help you on your journey to a better financial life. 

The card has a low annual fee of $48 and a fixed APR of just 9,99%. However, with secured cards it’s important not to carry a balance, no matter how low the APR is. To activate the card, the bank requires a $200 minimum deposit, with the maximum up to $1,000. The security deposit is refundable once you close your account in good standing. The amount also works as your spending limit. Applied Bank allows its customers to increase their limit over time up to $5,000 with additional deposits. 

With the Gold Preferred® Secured Visa® Card, you can rebuild your credit with responsible use and timely payments. The bank also reports all payments to the three major credit bureaus in the country. 

So, keep reading to learn the easy application process for this card. 

Applying online for a Gold Preferred® Secured Visa® Card is easy, and it only takes 60 seconds for the bank to reply to your request. First you need to access Applied’s official website and select “credit cards” on the drop-down menu at the top of the screen. The Gold Preferred alternative is the first option offered by the bank. You can click on the image for more details or directly in the “get approved today” red button. 

Next you’ll have to fill in an online form and provide all your personal and contact info before continuing. The bank will ask a few questions about your income and financial situation, and after that you just click “submit”. Once you finish the application process, you should receive a phone call or email with more information about your new credit card. 

Applied Bank provides all customers with a free mobile app for account management. With it, you can check your balance, pay your monthly bill and view your transactions. However, new credit card applications are only possible through their official website. So check the guide above to apply for the card. 

If the Applied Bank® Gold Preferred® Secured Visa® Card is not what you’re looking for, maybe you’ll find a better fit with the OpenSky Secured Visa credit card.

This product is also for rebuilding credit scores and the institution provides a high chance of approval by not checking for the applicants’ credit history.

See the comparison between the two cards below and follow the recommended link for more info about the application process.