Applied Bank® Visa® Business Credit Card Reviews: Is It Worth It? (2024)Reviews, rates, fees, and customer service info for The Applied Bank® Visa® Business Credit Card. Compare to other cards and apply online in secondsJohn KiernanWalletHub
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Business - Improve Credit." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs.
We're sorry, but the Applied Bank® Visa® Business Credit Card may no longer be available to new applicants or we may no longer be able to obtain complete information related to this offer. For customer service call: 800-947-1090, Ext.
Applied Bank® Visa® Business Credit Card has a rating of 2.4/5 according to our proprietary credit card rating system. This rating reflects how appealing Applied Bank® Visa® Business Credit Card's terms are compared to a pool of more than 1,500 credit card offers tracked by WalletHub. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is 'Business - Improve Credit'. To break it down further, Applied Bank® Visa® Business Credit Card earned a score of 1.5/5 for Fees, 0.0/5 for Rewards, 2.0/5 for Cost, 3.9/5 for APR, and 3.3/5 for User Reviews.
WalletHub Rating Breakdown
User Reviews
3.3/5
244 reviewsRead and write reviews
Market Comparison
Market Comparison
2.3
The Market Comparison is a key component of the WalletHub Rating, as it measures how appealing the terms of a card are compared to a pool of over 1,500 credit card offers monitored by WalletHub. To ensure cards are evaluated for their most relevant purpose, we score each card across various cardholder needs and select the rating for the need with the highest score, which is “Business - Improve Credit” for this card.
Fees
1.5
Rewards
0.0
Cost
2.0
APR
3.9
Other Features
5.0
2.3/5
Compared against 1,500+ credit cards
KEY TERMS
Accepted Credit Scores
Accepted Credit Scores
Fair Credit, Bad Credit
Fees
One-Time Fees→$125
Annual Fee→$0
Monthly Fee→$9.95
APR on Purchases
23.99% (V)
Applied Bank® Visa® Business Credit Card's Additional Info
•
Turn Your Hobby or Interest into a Business
•
Bad Credit? No Problem! Easy Approval!! Complete Your Application in Less Than 60 Seconds!
•
Separate Your Business Expenses for Tax Purposes
•
Perfect for Sole Proprietors and Entrepreneurs
•
No Security Deposit Required
•
Just Starting Your Business? Let Us Help You Grow!
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Business - Improve Credit." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs.
User Reviews
3.3
Market Comparison
2.3
fees: 1.5
rewards: 0.0
cost: 2.0
APR: 3.9
Other Features: 5.0
4.0WalletHub Rating
WalletHub Rating
4.0
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Business - Rebuild Damaged Credit." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs.
Can't find what you are looking for? Submit your question about Applied Bank® Visa® Business Credit Card to our community. Editorial and user-generated content is not provided, reviewed or endorsed by the issuer of this card. In addition, WalletHub independently collected information for some of the cards on this page.
Your Applied Bank® Visa® Business Credit Card could most likely be activated by calling Applied Bank's customer service, or the number on the activation sticker (if the card had one). However, please note that the card no longer accepts applicants.
The most straightforward way to pay your Applied Bank Business credit card is online.
You can also pay by phone via their toll-free Automated Payment System at (877) 882-2213.
Last, you can mail your payment at:
Applied BankPO Box 70165Philadelphia, PA 19176-0165
Payment checks and money orders will be converted into an electronic debit transaction that will be debited from the account on which the check was drawn.
Share your insights and review for the Applied Bank® Visa® Business Credit Card
5
8%
4
34%
3
45%
2
10%
1
3%
3.3
244 reviews
244 reviews
What's Your Rating?
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Sylvia Jackson @sylviaj_12
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4 Star Rating
Verified Customer
Their online banking/bill pay is NOT user friendly and they do not have a user friendly customer service phone line for assistance
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0
0
Kyristynia Larrabee @kyristynia71
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1 Star Rating
I have been a applied bank business card holder since 2012 and up until 07/2017 I was making my monthly payments as scheduled and on time , Well in July 17 I ran into some difficult times and couldn't make my payment's as they were so high so I asked applied bank for a hardship payment program and that request was denied by the bank . So I got caught up on my payment's and everything was good . But because I let my payment's get missed my APR went from 23.99% where it was initially when my account first opened up to 29.99% which is a penalty APR because I fell upon hard times and missed two month's worth of payment's . So please be careful if you are going to get a card from this provider . I more than likely will end up closing this acct .
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1
Darrell Brown @darrellb_7
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1 Star Rating
The Applied Bank Visa card is not very appealing. For starters this card has no grace period before it begins gaining interest. Also the interest rate is really high at 23.99%. It's alarming for a card that like this has a one-time fee of $125 and $9.95 per month. It offers no incentives for the card holder such as cash back on purchases. I have cards that have no monthly or annual fee's and do offer cash back on purchases. They also have low interest rates which are very appealing for me personally. Lastly, the card would be slightly appealing if the credit limit was higher than $750, which is a very low limit for the demographic this card is advertised to.
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stephen blackwell @vexco
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2 Star Rating
I'm not a very big fan of this card. The zero percent introductory period is great but once you get outside of that, there's a flat rate of 23..99% which is very, very high. There is no rewards program to offset the money you're spending, either, which is another huge issue. For small business owners, this card could be good if they were turned down for others but I personally don't see the appeal of it. The free rental insurance on cars is great if you're a small business owner who travels a lot, however. I have considered attempting to start a business before and if so, I would most likely stay far away from this card unless it was one of the only ones available to me. The Applied Bank Visa Business Card, while not 100% bad, offers little-to-no redeeming value.
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2
0
Ashley Ballard @ashley.ballard.16
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2 Star Rating
The Applied Bank Visa Business Card is just okay as it does not offer any zero interest introductory period and considering this is a business card, I would think that would be especially helpful to customers. I like that it has no annual fee, but it doesn't offer much in the way of perks, rewards or savings. I think a better option is the Ink Cash Business Card because it has no annual fee, but even better, there is zero interest on balance transfers and purchases for the first 6 months, plus you earn cash back! Overall, it offers so much more to its customers.
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+ 239 WalletHub users submitted a rating without writing a full review
* WalletHub is committed to transparency and editorial independence. The information about the following cards has been independently collected by WalletHub: Applied Bank® Visa® Business Credit Card and Business Advantage Unlimited Cash Rewards Secured credit card
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