How soon can I access my funds?
6
UpvotesReply
Patrick Murphy
As soon as you activate the card.
Applied Bank® Secured Visa® Gold Preferred® Credit Card
Applied Bank® Secured Visa® Gold Preferred® Credit Card
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Sponsored Card
APR1,897Reviews64Q&AContact
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Accepted Credit Scores
Accepted Credit Scores
Bad Credit
Minimum Security Deposit
$200
Fees
One-Time Fees$0
Annual Fee$48
Monthly Fee$0
APR on Purchases
9.99%
WalletHub Review
by John Kiernan
September 17th, 2022
Applied Bank Secured Gold Card Pros & Cons
Low regular APR
Qualify with bad credit
Membership fees
Foreign fee
Requires security deposit
Applied Bank Secured Gold Card's Additional Info
| cash advance fee | 5% (min $5) |
| cash advance APR | 9.99% |
| foreign transaction fee | 3% of each transaction in U.S. dollars |
| smart chip | Yes |
| max late fee | $38 |
| max overlimit fee | $0 |
| max penalty APR | None |
Better than Prepaid...Go with a Secured Card! Load One Time - Keep On Using
Absolutely No Credit Check or Minimum Credit Score Required
Automatic Reporting to All Three National Credit Bureaus
9.99% Low Fixed APR - Your Rate Won’t Go Up Even if You Are Late
Activate Today with a $200 Minimum Deposit - Maximum $1,000.
Increase Your Credit Limit up to $5,000 by Adding Additional Deposits Anytime
Questions & Answers
Can't find what you are looking for? Submit your question about Applied Bank® Secured Visa® Gold Preferred® Credit Card to our community. Editorial and user-generated content is not provided, reviewed or endorsed by the issuer of this card.
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How can I apply for the Applied Bank Gold Card from Puerto Rico?
5
UpvotesReply
Irene Henderson
You cannot apply for the Applied Bank Gold Card from Puerto Rico. Well, technically, you can submit an application from Puerto Rico, but you must be a U.S. resident to be able to continue with your application.
What credit score is needed for the Applied Bank Secured Visa card?
5
UpvotesReply
Do I need a bank account for the Applied Bank Secured card?
4
UpvotesReply
Lisa Cahill
No, you don't need a bank account to apply for the Applied Bank Secured Gold Card. You can fund your security deposit with a credit, debit, or pre-paid card.
On the other hand, you do need to open an Applied Bank deposit account during your application.
How do you get an Applied Bank Gold card deposit refund?
4
UpvotesReply
How does the Applied Bank Gold card rental car insurance work?
4
UpvotesReply
How can I reach the Applied Bank Secured credit card customer service?
3
UpvotesReply
Maria Adams
You can reach the Applied Bank Secured Gold Card customer service:
- Online
- By calling (800) 947-1090
- By visiting an Applied Bank branch
- By sending your inquiries to the following address:
Applied Bank
2200 Concord Pike, Suite 102
Wilmington, DE 19803
Can I get expedited shipping on my Applied Bank Gold card?
3
UpvotesReply
James bronzz
Expedited shipping is not available for the Applied Bank Gold card.
You can generally expect to get a new credit card within seven to 10 business days.
How does the Applied Bank rental car insurance work?
3
UpvotesReply
How do I add Applied Bank Secured Gold Card authorized users?
2
UpvotesReply
Compare The Applied Bank Secured Gold Card
Purchase Intro APRNot Offered
Purchase Intro APRNot Offered
Purchase Intro APRNot Offered
Transfer Intro APRNot Offered
Transfer Intro APRNot Offered
Transfer Intro APR10.99% for 6 months|Transfer Fee: 3% intro balance, up to 5% fee on future balance transfers (see terms)*
Regular APR9.99%
Regular APR18.9%
Regular APR25.99% Variable
Rewards RateNone
Rewards RateNone
Rewards Rate1 - 2% Cash Back
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Applied Bank Secured Gold Card Video Review
Applied Bank Secured Gold Card Reviews
Share your insights and review the Applied Bank® Secured Visa® Gold Preferred® Credit Card
3.1
1,670 reviews
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1 Star Rating
Verified CustomerUnethical, will cost $125.00 for $500.00 credit line . With $9.95 in monthly maintenance fees. It will cost you $11.95 to make a debit card online payment or a $6.95 Checking online payment. If you decide to mail your payment it has to be mailed atleast 7 days before the due date or astronomical late fees. I open a Visa account on February today June my balance is $396.00 and my available credit is $0.00 dollars and customer service was not able to give me a straight answer why? Never no late payments or over the limit. This bank does not know what Integrity means. You been warned !
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1 Star Rating
Worst credit card ever, had it for years never missed a payment never a late payment, card is wothin $200 of being paid off, But they weren’t done fleecing me yet, they lock out online access tell you it’s gonna take two days to get it restored, will gladly take your payment over the phone for a $13 fee, or you could just pay it in a couple of days when they unlock it for a $35 late fee, Tell you there is no way possible they could waive the fees, un less you pay it off in full then Theyll gladly waive all fees, customer service is terrible customer service hours are terrible, fees are a rip off, do yourself a favor and steer well clear these crooked rip off artists
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1 Star Rating
Verified CustomerThis company charged me twice for it's own add-on services without my knowledge or authorization. When I confronted them on the phone they said it was their policy to remove these charges only after receiving a letter or fax! They also charge interest even when you pay in full by your due date. If you should accidentally use their telephone account balance inquiry (which I did not) they will also charge you for that! There are other options for credit recovery so don't choose this one.
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1 Star Rating
If this card had a grace period & reported to all three national credit bureaus (some says that they don't), would be great to carry. However, considering the card has none of these basics & there's other secured card alternatives that does report to all three & provides a grace period, I cannot recommend the card to anyone & don't know why it's on the WalletHub site.
Getting a card (secured or unsecured), and making a small purchase every month, then paying before the bill comes in, is not only using the issuers cash for free, also boosts credit score huge on their dime. Just make sure that a purchase is made every month, so that a payment will be reflected. Example, use to make a co-pay at a doctor or pharmacy, then 2-3 days later, pay in full.
Getting a card (secured or unsecured), and making a small purchase every month, then paying before the bill comes in, is not only using the issuers cash for free, also boosts credit score huge on their dime. Just make sure that a purchase is made every month, so that a payment will be reflected. Example, use to make a co-pay at a doctor or pharmacy, then 2-3 days later, pay in full.
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1 Star Rating
I applied for an Applied one bank card online . They asked me for my bank info to deposit one small Amt to verify my identity.
They withdrew $1000 from my checking acct. and my application is still in process. I reported those charges to my bank . Hope they remove it. Complete scam. Stay away.
I don't know any reputable card company that goes into your bank acct to withdraw money not a small deposit either. It's usually inder $1 deposit to verify your identity. They went in my act and withdrew $1K I'm completely in shock. Scam. Scam. Scam. Stay away. They may steal your identity
They withdrew $1000 from my checking acct. and my application is still in process. I reported those charges to my bank . Hope they remove it. Complete scam. Stay away.
I don't know any reputable card company that goes into your bank acct to withdraw money not a small deposit either. It's usually inder $1 deposit to verify your identity. They went in my act and withdrew $1K I'm completely in shock. Scam. Scam. Scam. Stay away. They may steal your identity
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2 Star Rating
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 mail, I found out that they only report to 2 credit bureaus (they do not report to Experian) so it didn't fulfill my goal of increasing all my credit scores.
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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.
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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?
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sorry, jul, 2011.
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I agree with the comment by WalletHub, unless no other choice, get a card that reports to all three agencies, especially if building credit. Because a low(er) score on the bureau not reported to will drag down the combined score if considering a large purchase, such as an auto or home loan. There's too many other choices that reports to all, even if a higher interest. Plus if managed responsibly, the higher interest card won't be a big deal, or none if paid before the bill comes in (this shows zero utilization, a huge plus!), or pay in full after receiving bill. Make a small purchase every month, then a few days later, yet before the next statement is generated. pay in full. This ensures that a payment was received on every month & after 5-6 months, boosts one's credit score. A common myth is that having a mortgage which is often considered 'good debt' by many lenders, plus a couple of auto loans & 4-5 credit cards maxed out & paid on time gives one a high score. Quite the opposite, a mortgage (if paying for a home), one auto if needed & a one credit card paid in full every month (account diversity) is a better strategy to building & keeping excellent credit.
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4 Star Rating
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 crazy. They have excellent customer service and friendly.
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4 Star Rating
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 there just in case of an emergency. Overall, this card is great for smaller purchases. Now that I"m reading about making advance payments online without a penalty, I'm going to look into that.
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2 Star Rating
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.
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2 Star Rating
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 would only recommend this card to someone with decent credit, and not horrible credit like mine. They do have very polite customer service if you ever have an issue and need to call. Overall, the card was just not the right one for me, and it has since been paid off and cancelled.
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Review Applied Bank® Secured Visa® Gold Preferred® Credit Card
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Offer last updated: Sep 17th, 2022 at 02:22 ET