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Can you benefit from getting this card? Examine the benefits and drawbacks. Stock imagery from Adobe.
Can you tell me the pros and cons of getting this card? Learn more here.
Gold Preferred® Secured Visa® Credit Card: Pros and Cons for Rebuilding Your Credit.
To obtain a Gold Preferred® Secured Visa®, what should you do?
Rebuild your credit the smart way by applying for the Applied Bank® Gold Preferred® Secured Visa® Credit Card.
The Gold Preferred® Secured Visa® Credit Card has a number of advantages over unsecured credit cards, including not requiring a credit check, a low fixed APR, reporting to all three major credit bureaus, and a customizable security deposit.
Cons
- There is a yearly charge;
- Charged for all foreign transactions.
- Needed Credit Rating
- There is no welcome or referral prize
There is no application fee and no credit check for the Applied Bank® Gold Preferred® Secured Visa® Credit Card, so people of all credit histories are encouraged to apply.
What are the steps to getting a Gold Preferred® Secured Visa® Credit Card?
Now that you know what this card can do for you, it’s time to find out how to get one. Decisions on applications are done in just a minute, making the process extremely convenient. Just click the link down below to learn more.
Rebuilding or starting a credit history is easier with the Applied Bank® Gold Preferred® Secured Visa® Card. Because there are no credit checks involved, it is available to people with limited or no credit.
The card has a reasonable $48 annual fee and a low fixed APR of 9.99%. Despite a potentially low interest rate, secured cards should never be used to make purchases with a negative balance. The minimum deposit to activate the card is $200, and the maximum initial spending limit is $1,000. When an account is closed in good standing, the security deposit is returned to the customer. In addition, Applied Bank lets customers gradually increase their limit with further deposits, all the way up to $5,000.
The Gold Preferred® Secured Visa® Card might help you rebuild your credit history if you use it wisely and pay your bill on time. The bank will also notify the three major credit bureaus of your payment history, which can only boost your credit standing. If you want to know how to apply for this card, which is easy to do, keep reading.
Follow these simple instructions to apply for a Gold Preferred® Secured Visa® Card with Applied Bank online today:
Choose “credit cards” from the main menu’s drop-down list. Then select the first available choice, Gold Preferred. You can learn more about the card by clicking on its image, or you can begin the application process immediately by clicking the red “get approved today” button. The bank will give you a decision on your application within 60 seconds.
Select the Gold Preferred® Secured Visa® Card option on Applied Bank’s main page, and you’ll be taken to a web form where you may enter your own details and those of your emergency contacts. The bank will inquire into your employment status and source of revenue. When you’re done filling out the form, hit the “submit” button. The bank will contact you through phone or email with an answer to your application within minutes.
Submit an application via the mobile device app
Customers of Applied Bank can use a free mobile app to take care of banking business while they’re on the road. A user’s balance, payment status, and transaction history are all conveniently accessible through the app. Nonetheless, new credit card applications can only be submitted via Applied Bank’s website. The application process for the Gold Preferred® Secured Visa® Card is outlined above; please refer to it for further information.
