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Applied Bank@AppliedBank http://www.appliedbank.com
Get answers to your questions about Applied Bank below.
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Add more money on your security deposit
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
No, the security deposit will serve as collateral as long as your account is open, and cannot be touched. Upon canceling your card, it will be refunded to you. If you have an outstanding balance, the amount of your balance will be deducted from your collateral account beforehand. You can learn more about secured credit cards here.
Only if the account is closed, one may be able to payoff the balance with the deposit. However, don't assume this is automatic, could lead to a late payment that'll show as a negative on your credit score, unless at their discretion an exception is made due to a emergency. Examples, government declared disaster zone or death in family may be considered on a case by case basis. However, don't bank on it, read your agreement carefully.
As soon as you activate the card.
The Applied Bank credit card includes rental car insurance. As this card is a part of the Visa network, it has an Auto Collision Damage Waiver and also rental car theft insurance.
Just pay for the rental with your credit card (entirely) and decline the auto rental company’s collision damage waiver (CDW/LDW) option from the rental company.
The only credit card Applied Bank currently offers is designed for people with bad credit, and it required a security deposit which becomes the card's credit limit. It's called the Applied Bank Secured Visa.
There isn't an unsecured credit card from Appled Bank. They only have one offering at this time, the Applied Bank Secured Visa.
It will take up to two weeks to get the Applied Bank Gold credit card in the mail.
Your Applied Bank Visa credit limit will be equal to your security deposit. The minimum initial deposit is $200 and the maximum is $1,000. You can increase your credit limit up to $5,000 by adding additional deposits after 6 months of using the card.
Yes, it is, payment checks and money orders will be converted into an electronic debit transaction that will be debited from the account on which the check was drawn.
For more information, please call customer service at 800-947-1090. Hope this helps!
According to Applied Bank, it does not.
Unfortunately, the Applied Bank Gold Credit Card is no longer available to new applicants. You can compare similar offers here: https://wallethub.com/best-credit-cards-for-bad-credit/ . Or, you can try our new CardAdvisor tool for a personalized recommendation: https://wallethub.com/cardadvisor/ .
This card’s maximum initial credit line is $500. Considering that it also charges a $125 “Account Origination Fee,” that means you will have at most $375 in available credit to start with. We therefore recommend placing a deposit on a secured card, unless you absolutely need access to an emergency credit line. And if that’s the case, you should consider a general-consumer card like the Credit One Visa (https://wallethub.com/d/credit-one-credit-card-676c/) instead of this business-branded offer. Using such a card will not increase your personal liability, but it will be a lot cheaper.
If your Applied Bank Secured card's available credit is in the negative, it would be a good idea to just call them at 561-982-9111.
You can get a credit limit increase on your Applied Bank Gold card by calling 800-616-4605. Please note that the bank also charges $100 each time your credit limit is increased. And of course, since it's a secured card, you will need to provide more money to increase your limit. They will provide the details.
Even though in this day and age most issuers allow cardholders to activate their new cards online, you need to contact customer service at 1-800-947-1090 to activate your new Applied Bank credit card. Then, just provide your card details to activate it. No option to do it online.
You can check online. Just put in your information here: https://onlineaccountservices.appliedbank.com/appStatus.do
Well, call’em at 561-982-9111 to get a PIN first. Once you have that, just put it in the ATM and withdraw! Don’t forget it will cost you a fee and interest, though.
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?
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.