Thomas Friedman, WalletHub Credit Card Analyst
@tom_friedman
Yes, Applied Bank currently offers a credit card for bad credit, the Applied Bank® Secured Visa® Gold Preferred® Credit Card. This card requires a $200 minimum security deposit, which becomes the card's credit limit. The card has a $48 annual fee and a low regular APR of 9.99%.
The Applied Bank Secured Gold Card credit card doesn't perform a credit check when you apply. If you get approved, the card will report your account information to the major credit bureaus each month. So, if you use your card responsibly, it will help you improve your credit. It’s worth noting that there are several other credit cards for bad credit from other issuers, too.
Alternative Credit Cards for Bad Credit
You can also check out our editors’ latest picks for the best credit cards for bad credit on the market to weigh your options.
Brandon Dey, Member
@brandondey
The first response is wrong. The card is the same, but different people have different requirements. His card may have been a secured card that required a deposit. However, I was approved for a card without a deposit. It only has a $300 credit limit, and I had to pay an $89 processing fee, which is typical of bad credit credit cards, but DO NOT USE THESE GUYS UNLESS YOU'RE DESPERATE and even then I'd tell you to look around. Read my review.
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