Applied Bank® Secured Visa® Credit Card

Dec 7, 2009

Why choose a secured credit card, when you are required to make a deposit equal to your credit limit? Several reasons.

First, owning and using a credit card is a way to establish credit – it’s great for students just beginning their financial lives, as well as for those who have run into credit difficulties in the past and need to re-establish themselves.

Second, a secured credit card is a handy and safe way to manage expenses when you’re traveling or on the road for business. Cash can be easily lost and gone, but your Applied Bank® Secured Visa® Credit Card is protected by zero percent fraud liability.

To apply, you need only to make an initial deposit of at least $200 in a FDIC insured Applied Bank Deposit Account and give us enough information to identify you in keeping with the requirements of the U.S. PATRIOT Act. No income verification and no credit verification are required.

You can deposit up to $5,000 and you will enjoy a corresponding credit limit. Both purchases and cash advances are billed at a low 9.99% APR, and your annual fee is only $50.

Over limit and late fees range from $32 to $35 and unlike many cards, your interest rate will not be raised due to a late payment.

Why pay high annual fees and high interest rates when an Applied Bank® Secured Visa® Credit Card is so affordable?

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