Credit Cards

Applied Bank® Gold Preferred® Secured Visa® Credit Card review

Find out if the Applied Bank® Gold Preferred® Secured Visa® Credit Card is right for you. Learn how to apply, what features it has and whether or not a credit check is required.

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by Aline Barbosa

06/21/2022 | Updated on 06/22/2022

Applied Bank® Gold Preferred® Secured Visa® Credit Card: The perfect card to improve your bad credit score.

Applied Bank® Gold Preferred® Secured Visa® Credit Card
Read our Applied Bank® Gold Preferred® Secured Visa® Credit Card review. Source: The Mad Capitalist.

When it comes to your credit, it’s important to have a card that works for you. The Applied Bank® Gold Preferred® Secured Visa® Credit Card is perfect for those who want to build or strengthen their credit. With a modest annual fee and a low fixed interest rate, this card has everything you need to get your finances back on track.

So if you want to start your path on the way to a better and healthier financial future, keep reading our Applied Bank® Gold Preferred® Secured review to learn what this product can do to help you get there. 

Applied Bank® Gold Preferred® Secured Visa® Credit Card

How to apply for the Gold Preferred® Secured Card?

Learn the application process for the Applied Bank® Gold Preferred® Secured Visa® Credit Card and start rebuilding your credit with the right tools.

  • Credit Score: Any credit score has a chance of approval.
  • Annual Fee: The card charges a $48 annual fee.
  • Regular APR: 9.99% fixed APR. 
  • Welcome Bonus: There is no welcome bonus.
  • Rewards: There are no rewards. 

Applied Bank® Gold Preferred® Secured Visa® Credit Card: how does it work?

The Gold Preferred® Secured Visa® Credit Card is a secured credit card, which means you need to make a security deposit in order for it to work. The security deposit is the same as your credit line. Applied Bank requires a $200 minimum, but you can choose an initial spending limit up to $1,000. Over time, you can increase that amount up to $5,000 with additional funding. 

The card charges a $48 annual fee and has 9.99% fixed APR. For people with bad or no credit history, this product can be a powerful ally in building and repairing a damaged credit score. The bank doesn’t perform a credit check and reports all payments to the credit bureaus. Therefore, approval rates are higher for everyone who needs to start doing some damage control on their personal rating. 

Gold Preferred® Secured Visa® Credit Card: should you get one?

Applied Bank® Gold Preferred® Secured Visa® Credit Card
Should you apply for this card? See the pros and cons. Source: Adobe Stock.

The Gold Preferred® Secured Visa® Credit Card has a number of features that make it a great option for people who are rebuilding their credit. But there are also some drawbacks to consider before applying. Let’s take a closer look at the pros and cons.

Pros

  • No credit checks;
  • Low fixed APR;
  • Reports to all main credit bureaus;
  • Flexible security deposit.

Cons

  • No welcome bonus or rewards;
  • Charges an annual fee;
  • Charges a foreign transaction fee;

Credit score required

There is no minimum credit score required. Applied Bank doesn’t even perform credit checks on new applications. Therefore, all credit levels are welcome to apply for this product. 

Gold Preferred® Secured Visa® Credit Card application: how to do it?

After learning everything this card has to offer, it’s time to learn about its application process. You can find out if you’ve been approved in just a minute for a new card, and the online process makes it all much easier. Follow the link below for more details!

Applied Bank® Gold Preferred® Secured Visa® Credit Card

How to apply for the Gold Preferred® Secured Card?

Learn the application process for the Applied Bank® Gold Preferred® Secured Visa® Credit Card and start rebuilding your credit with the right tools.

About the author

Aline Barbosa

Aline Barbosa is an editor, writer and learning-enthusiast. Passionate about music, books and human behavior. Curious about the unknown. Believer that learning is a life-long process.

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