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Applied Bank® Secured Visa® Gold Preferred® Credit Card

We're sorry, but the Applied Bank® Secured Visa® Gold Preferred® 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: 561-982-9111.

Below you can review the Applied Bank® Secured Visa® Gold Preferred® Credit Card and find the card's rates and fees according to our latest records, which may be outdated.

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applied bank secured credit card
Required Credit Score:
Bad
Minimum. Security Deposit:
$200
2.5 632 reviews   Write a Review!
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Applied Bank® Secured Visa® Gold Preferred® Credit Card’s Key APRs & Fees

  • ONE-TIME FEES None
  • ANNUAL FEE $50
  • MONTHLY FEE None
  • REGULAR RATE 9.99% Fixed
  • GRACE PERIOD 0 days

Applied Bank® Secured Visa® Gold Preferred® Credit Card’s Highlights

  • This card does not have a grace period, which means that interest will begin getting assessed as soon as you make a purchase.
  • Guaranteed Approval Regardless of Your Past Credit History. No Credit Checks.
  • Monthly Credit Bureau Reporting to Two Credit Bureaus.
  • 9.99% Low Fixed APR - Your Rate Won't Change Even if You Are Late.
  • Choose Your Credit Limit - From $200 to $5,000.

Applied Bank® Secured Visa® Gold Preferred® Credit Card’s Additional Info

  • MAX LATE FEE   Up to $35
  • MAX OVERLIMIT FEE   None
  • MAX PENALTY APR   None
  • FOREIGN TRANSACTION
    FEE  
    3%
  • SMART CHIP   No
  • CASH ADVANCE RATE 9.99% Fixed
  • CASH ADVANCE FEE 5% (min $5)
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Applied Bank® Secured Visa® Gold Preferred® Credit Card Reviews

 
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1 2 3 4 5
 
2.4
Overall Rating: 2.4 / 5
Total Ratings: 632
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May 6, 2013
Photo of Alicia F.
2
By:
May 6, 2013
I had originally got this card to rebuild my credit after some financial distress. The application process was fast, but I didn't receive my card for almost 2 months. When I called Applied Bank, they kept giving me round about answers! The first time I called, they said it was in the mail. After a week, I called back and they told me they were missing some information and had to reprocess. After another two weeks, I called and they said it was in the mail again. This went on until I finally received my card (I applied in January, received in March). Once I got my card in the more
May 24, 2013
Photo of Card H.
Card Hub
May 24, 2013
You're right about Applied Bank not reporting to all of the credit agencies, but it's actually Equifax that they are missing. Improving two of them would be a very positive step for anyone, but you're right there are many cards out there that report to all three bureaus, so you shouldn't settle for a sub-par card if you don't have to.
Jun 12, 2013
Photo of Alice O.
Alice Oneill
Jun 12, 2013
I have only had one mastercard. Got in trouble with it and wound up paying it off in a settlement agreement july of 2100. Now I just rec'd a letter that there is a judgement against me for a mastercard with orchard bank. are the two somehow connected?
Jun 12, 2013
Photo of Alice O.
Alice Oneill
Jun 12, 2013
sorry, jul, 2011.
Mar 14, 2013
Photo of Stacey R.
4
By:
Mar 14, 2013
I got this card just about 4 months ago I needed a card to rebuild my credit. The 50.00 annual charge was not that pleasing to me but I did not want to go through some of the hard up credit card companies. I went ahead and put 300.00 on this card I only use it for emergencies but I do like having as it shows. That I make my payments on time and am capable of managing my money and credit card bill.The only issue with this card is the high interest if you go and do not pay your bill they charge you a high interest rate its more
Mar 6, 2013
Photo of Will B.
4
By:
Mar 6, 2013
Although I've had bad experiences with many credit cards in the past, this one has been the 'lesser of the evils'. The annual charge of $50 did kind of seem weird, but at the time of opening it, I had plenty of funds so it wasn't an issue. I kept the balance somewhat low for the first few months and didn't really pay attention to the high interest. It wasn't until I put a decent amount of money on it one month and didn't pay it off that I noticed the interest was quite high. I try not to put too many purchases on this card, but I know it's more
Mar 1, 2013
Photo of Anjelica L.
2
By:
Mar 1, 2013
Unfortunately this card is not all it's cracked up to be. They tell you all the perks up front to get you to apply and then fail to deliver everything they spoke of all while concealing the less appealing parts of the card like the extremely high interest rate. Having limited experience with credit cards before this one, I was expecting it to be the best so far considering its title and rank. This was a pretty terrible introduction to "gold" ranked credit cards. Maybe the card would be better suited for others, but I was disappointed and remain unsatisfied by my experiences with it.
Feb 8, 2013
Photo of Sher-yce R.
2
By:
Feb 8, 2013
I have had a few credit cards in my life, and this is one of my least favorites. I feel as if they say a lot of things to get you to apply and get the card, but soon after, a lot of their promises are not met. I was not aware that the interest would be as high as it was, because when I applied, the customer service rep told me a completely different number. I was told that since I had such bad credit, the the interest rate would have to be increased. I am not at all bashing this card, but just writing about my experiences. I more
Dec 26, 2012
Photo of Veronica R.
2
By:
Dec 26, 2012
Last year when I was trying to rebuild my credit, I signed up for the Applied Bank secured card. I figured this would be a great way to build my credit. I was not surprised by the $50 annual fee since that is stated up front, but I was pretty surprised at the interest rates I was being charged monthly. I was told my rate would be much lower when I applied, which is the main reason I applied. When I was hit with this ridiculous fee, I tried calling the customer service line and wasn't able to speak to anyone live for a half hour. This isn't very good more
Dec 26, 2012
Photo of Chad M.
4
By:
Dec 26, 2012
My credit history is not so great. I’ve recently got a lot of old bills paid off. My credit score is still quite low. I needed a credit card for two reasons. The first reason being that I travel quite often and most hotels require a credit card at check-in. You can use a debit card but the hold that they often place is outrageous and it can take up to a week for that hold to fall off. I also needed something concrete on my credit history to show the major credit bureaus that I was actually capable of paying my bills on time and worthy of being a more
Oct 11, 2012
Photo of Adrian P.
1
By:
Oct 11, 2012
Applied Bank Secured Visa Gold Credit Card has majorly disappointed my standards in credit cards. When I first got this card I was convinced that a gold card would have “gold” standards if you know what I mean, but alas that was not the case. Not only is the credit limit really low the APR is also way too high in my opinion. When I was talking to customer service about this card I was also really disappointed at how darn rude those people were. I would not recommend this card for anyone except maybe for some people who I really dislike but even they should not deserve this kind more
Sep 14, 2012
Photo of Berta M.
4
By:
Sep 14, 2012
I got this card in July (2 and a half months ago). This was one of the few credit cards I could choose from because of my low beginner credit score. I've been using it mostly for grocery shopping, and never spend more than 30% of the limit at a time, because I was told that's how you raise your score the fastest.
When I first received it I had no idea how everything works so I called them and a representative walked me through all aspects of the card. He explained to me when and how to pay it off, and even how to contact the 3 credit bureaus to more
Sep 14, 2012
Photo of JoeyandAmanda W.
5
By:
Sep 14, 2012
Throughout my life I have never been a fan of credit cards. However, I saw that I needed one for many reasons, so I chose the Applied Bank Gold Card. I did not have bad credit, I just did not have any credit at all. Now, after using this card for almost three years, I have what is referred to as excellent credit. The customer service when setting up my account was wonderful. Over the years, this card has given me no problems what so ever. It was truly a dream come true. Although I started out weary of credit cards, I now am in extreme favor, especially for the more
Sep 5, 2012
Photo of Dara M.
5
By:
Sep 5, 2012
I got this card months ago. I had horrible credit and had no way of knowing if I would ever get a card again. Luckily, this card helped me build back my credit. This is perfect if you are someone like me, just out of college, made a few mistakes, but looking to get your life back on track. This offered me a way to build up my credit so that later on I could get a loan for my car. Even if you have made mistakes in the past it is never too late to get on the right track, and this is the best way to do so. more
Sep 5, 2012
Photo of Marcelino R.
3
By:
Sep 5, 2012
Years and years ago back when I was first trying to establish my credit, being late to the game I had to jump through many hoops to find the right card for me. I tried many different secured cards, and the Applied bank secured gold visa credit card was one of them. How is the card? It's fair. Pretty average I would aay. It's not horrible, but it's not the best either. The APR is lower than most secured cards but the annual fee is also higher as well. The required initial deposit is higher than a few other secured cards as well.

The customer service was alright. Average at best. more
Aug 30, 2012
Photo of Brandon T.
5
By:
Aug 30, 2012
After having a hard time finding a credit card to suit my needs, I was extremely happy to come across the Applied Bank Secured Visa Gold Credit Card. This credit card has helped me build my credit up from rock bottom. There are no hidden fees and no pressure to do things because you're obligated by the company. I can honestly say that this is the most useful card in my wallet. I highly recommend it to anyone who is looking for a dependable card that can help you build your credit rating up and still provide high-functionality and usefulness.
Aug 18, 2012
Photo of Dennis W.
3
By:
Aug 18, 2012
This card was simple and easy to get. One of the reasons that I chose this card was that there was no credit check at the time in order to be approved. After filling out some basic personal information, my application was approved and all I needed to do was submit my security deposit in the amount that I desired my credit limit to be. I opened this account with a $300 deposit as to keep my payments affordable. After using this card for a while, I switched to another sub prime card that has a grace period and lower annual membership fees. Otherwise, I had no adverse experience while more
Aug 6, 2012
Photo of Clarence J.
2
By:
Aug 6, 2012
I'm going to say this: If your credit sucked like mine did, then a secured card does wonders when you need credit for practical reasons (i.e. car rentals, hotel stays, etc). But in my three years of having this card, there are real hassles with them. For one, you can't get through to a live person after 3pm Pacific time Monday through Friday and they are completely unavailable on the weekends, which can be a problem if something happens and you HAPPEN to be out of town or something on the weekend!

Another problem I have is the length of time it takes for any transaction that is pending to more
Jul 25, 2012
Photo of John U.
5
By:
Jul 25, 2012
I chose this card to help me establish a better credit rating. I have always had trouble qualifying for a credit card base on my credit from a home foreclosure. I found Applied Banks Secured V and loved the low annual fee and rate of 9.9%. I appreciate that it does not go up if I am late on occasion. It is nice that there are no monthly fees, just the $50 annual fee. There are also very limited other random fees that show up on a lot of other credit cards that I have had in the past. Applied Bank has a very good customer service when you have more
Jul 25, 2012
Photo of Marvel W.
5
By:
Jul 25, 2012
This actually has been a very useful card to me in trying to re-establish my credit rating. One of the first things that caught my eye was the very fair interest rate, which you do not normally see on a secured card like this. Another amazing thing that you rarely see on a secured type card is that this card will not even increase a card holders interest rate if they fail to make timely payments. Although I was never late on a payment. With one low yearly fee and no monthly, this is really a great credit card. Customer service is friendly and easy to work with every time more
Jul 25, 2012
Photo of Nicki H.
5
By:
Jul 25, 2012
I chose this card as a way to rebuild my credit. After going through a messy divorce, I had some troubles qualifying for a traditional credit card. That's when I found Applied Banks secured visa. After researching secured credit cards, Applied Banks seemed the best match for me. There is a low interest rate of 9.9%, and it doesn't go up if you are late on a payment. Another great feature is that it reports your payments to the credit bureau monthly, which is wonderful for helping to rebuild your credit score. It is nice that there are no monthly fees, just the $50 annual fee. There are also very more
Jul 25, 2012
Photo of Jordan B.
4
By:
Jul 25, 2012
I chose this card because of the low interest rates and because it is geared toward students just like myself. Personally, I have never had any problems with customer service or the actual functionality of the card at all. It's very easy to use, and the best part is that there is no sneaky billing done by the head bank, Applied Bank. Whenever I've called with any questions, Applied Bank's customer service representatives have been very courteous and respectful. I have yet to have a single negative experience using this card and/or Applied Bank, and I don't expect any in the future!
Jul 18, 2012
Photo of Heather H.
4
By:
Jul 18, 2012
I chose this credit card to begin rebuilding my credit. I have pretty bad credit from a few years ago, and am now trying to rebuild it. My score is too low to get an unsecured card, so I chose this secured card. I enjoy that they report to the credit agencies, not all secured cards do. Also, I like that there are not too many fees associated with the card, as long as you pay on time and at least the minimum amount. I receive friendly reminders in my E-mail reminding me to pay my bill as well, which helps with the promptness, which is important when trying to more
Jul 3, 2012
Photo of Naomi K.
4
By:
Jul 3, 2012
I used the Applied Bank Secured Visa Gold credit card because I wanted to avoid accumulating too much credit card debt. My credit also wasn't good enough for me to qualify for the unsecured credit cards I wanted. Using the Applied Bank Secured Visa credit card improved my credit rating. After I had had the account open for about a year, Applied Bank offered me additional unsecured credit. By using a secured credit card, I was always able to pay my balance when it was due each month, so I never had to pay late fees or finance charges. It worked well for me because I wasn't tempted to spend more
May 31, 2012
Photo of Theia C.
1
By:
May 31, 2012
I signed up for this card and gave them my banking information. They withdrew the funds from my account and then hit my account another 2 times citing their fine print and claiming that my account came back as insufficient funds. My account was not NSF and the monies were in fact debited on 3 separate occasions. Once I actually got in contact with a representative at their company, I was told that I would need to go down to my bank and verify that I was who I said I was.

When I told them that I was at work and would not be able to get there during more
Jun 4, 2012
Photo of Card H.
Card Hub
Jun 4, 2012
Wow, you never received the deposited funds back?
Apr 11, 2012
Photo of Margie C.
3
By:
Apr 11, 2012
Should you apply for the Applied Bank Secured Credit Card? That is indeed the question. But how do you answer it? When I look at a new credit card offer I like to work backwards from my needs. Given your obvious interest in secured cards, it’s likely that you need a card that A) you can qualify for b) that helps you build, rebuild or maintain your credit standing and C) that minimizes the cost of doing so. You’re certainly on the right track because secured credit cards offer the closest you’ll find to guarantee approval and they report to the major credit bureaus, which means you can improve your more
Apr 22, 2012
Photo of Phyllis S.
Phyllis Sanders
Apr 22, 2012
I read somewhere that some banks flag the card as secured and therefore the credit bureaus give the card a lower rating. Is this true and how can I find out which ones does this. I am looking strongly at Orchard Bank Master Card.
Apr 22, 2012
Photo of Card H.
Card Hub
Apr 22, 2012
Phyllis Sanders - We do not know of any secured credit card that does tha. You should be in good shape with the Orchard Bank Secured Card as it is our editor's pick for best secured credit card -
http://www.cardhub.com/d/orchard-bank-secured-mastercard-13c/
Apr 24, 2012
Photo of Margie C.
Margie Cole
Apr 24, 2012
Phyllis Sanders I haven't heard of this either, do you remember where you read it?
Jan 24, 2012
Photo of Joe W.
2
By:
Jan 24, 2012
Credit card companies sure do love using the word “gold” in the names of their products. Unfortunately, the Applied Bank Secured Visa Gold Credit Card isn’t like a “pot of gold” or a “gold mine” or anything like that. Rather, when you compared to other secured credit cards, using the Applied Bank Secured Visa Gold Card is like giving up gold. In other words, it costs a lot more. The main thing to look out for when evaluating a secured credit card is fixed costs. The reason why is that you can build credit whether you actually make purchases with your credit card or not. You can either make purchases more
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+608 users submitted a rating without a full review
 
Apr 27, 2013
Photo of Joaquin T.
By:
Apr 27, 2013
Applied Bank took my money back in March and I've been waiting for my card. When I went to the website to check the status, I put in my name and SSN and got: "We received your application on....... but we were unable to approve it...." So, my most important question is: WHEN DO THEY REFUND ME MY DEPOSIT? Should I call them about it?
Apr 29, 2013
Photo of Card H.
Apr 29, 2013
Yes, you should call them and find out what happened to your deposit. Their Credit Card Customer Service can be reached at: (561) 982-9111.
Dec 3, 2012
Photo of Patrick O.
By:
Dec 3, 2012
The want you to pay 100.00 for a 300.00 credit limit raise.
How insane is this?
Dec 5, 2012
Photo of Card H.
Dec 5, 2012
There are a number of credit card issuers that charge a fee to increase your credit limit, but according to their terms and conditions, Applied Bank is not one of them. Please let me know if I'm wrong!

They might have asked that you deposit an additional $100 dollars to increase your credit limit by the same amount, but that will just be added to your security deposit, and is fully refundable
Oct 8, 2012
Photo of Ashley G.
By:
Oct 8, 2012
How do a 200 dollar limit get u
Sep 1, 2012
Photo of Sylvester J.
By:
Sep 1, 2012
I know this card reports to the credit bureaus, my question is does it report it as a "secured card" report? I know that sometimes will deter the rebuilding of credit (which is my whole reason as to why I want one).
Sep 2, 2012
Photo of Card H.
Sep 2, 2012
According to Applied Bank, it does not.
Jun 30, 2012
Photo of Jaimee T.
By:
Jun 30, 2012
How do I increase my limit?
Jul 1, 2012
Photo of Card H.
Jul 1, 2012
Add more money on your security deposit
Jun 9, 2012
Photo of Card H.
By:
Jun 9, 2012
Can you please elaborate on the things you do not like on the Applied Bank Secured Card so that prospective applicants can learn from your experience in using that card?
May 16, 2012
Photo of Colin M.
By:
May 16, 2012
Took my money and than told me I was not yet approved. Their argument that I had to verify the bank account was BS as they already had withdrawn my money. It is just another way of slowing down the consumers ability to access their funds while Applied has full use of your money.
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Last updated on: Jun 12th, 2013 at 1:04 EDT