To enhance or reinforce your credit, it’s vital to have a credit card that suits your needs. The Applied Bank® Gold Preferred® Secured Visa® Credit Card is an excellent option for individuals aiming to build or improve their credit.

It comes with a reasonable annual fee and a low fixed interest rate, making it an ideal tool to get your finances on the right track.

Read our review to discover how this card can assist you in achieving a healthier financial future.

To use the Gold Preferred® Secured Visa® Credit Card, a security deposit equal to the credit line is required as it is a secured credit card.

Applied Bank sets a $200 minimum deposit, but initial spending limit can be up to $1,000. Additional funding can increase the limit to $5,000 over time.

The Applied Bank® Gold Preferred® Secured Visa® Credit Card has a $48 annual fee and a fixed APR of 9.99%.

It can be a valuable tool for those with poor or no credit history, as it doesn’t require a credit check and reports all payments to credit bureaus, leading to higher approval rates.

The pros and cons of the Gold Preferred® Secured Visa® Credit Card for credit rebuilding.

Benefits of the Gold Preferred® Secured Visa® Credit Card include no credit checks, low fixed APR, reporting to all major credit bureaus, and a flexible security deposit.

No sign-up bonus or rewards;

Annual fee applies;

Foreign transaction fee charged.

All credit levels are welcome to apply for the Applied Bank® Gold Preferred® Secured Visa® Credit Card as there is no minimum credit score required and no credit checks are performed on new applications.

After familiarizing yourself with the benefits of this card, it’s time to learn how to apply. The application process is quick and easy, with approval decisions made within a minute.

To apply for a Gold Preferred® Secured Visa® Card online, simply visit Applied Bank’s official website and follow these easy steps: go to the top menu and select “credit cards” from the drop-down options.

Then, choose the Gold Preferred option, which is the first one listed.

You can either click on the card image for more information or click the “get approved today” red button to start the application process. It takes only 60 seconds for the bank to respond to your application.

After selecting the Gold Preferred® Secured Visa® Card option on Applied Bank’s official website, you will be directed to an online form where you will need to provide your personal and contact information.

The bank will also ask about your income and financial situation. After completing the form, you can click “submit”.

Within a few minutes, the bank will provide a response to your application, either via phone or email.

Applied Bank offers a complimentary mobile app to its customers, allowing them to manage their account on-the-go.

Through the app, users can easily check their balance, make payments, and review their transaction history.

However, for new credit card applications, the only option available is to apply through Applied Bank’s official website.

Follow the guide provided above to learn how to apply for the Gold Preferred® Secured Visa® Card.

If the Applied Bank® Gold Preferred® Secured Visa® Card doesn’t meet your needs, you may find a better fit with the OpenSky Secured Visa credit card. This card is also designed for rebuilding credit scores and has a high approval rate since the issuer doesn’t check the applicant’s credit history.

Check out the comparison between these two cards below and click on the recommended link for more information on how to apply.

The OpenSky Secured Visa credit card is designed for those who want to rebuild their credit score and offers a high chance of approval for applicants with any credit score. This card has an annual fee of $35 and a regular APR of 19.64% that can vary. It does not offer any welcome bonus or rewards program.