Secured Visa® Credit Card

Applied Bank® Secured Visa

Applied Bank® was founded in 1996, and since that time the bank has been working to provide consumers with limited and no credit history. As the main priority of their service, Applied Bank® points out personal approach to each customer and flexibility of the services. One of the most popular products of Applied Bank® is Secured Visa which is just the right card for those who are going to establish their credit or rebuild a damaged credit score.

Speaking about secured credit cards, they should be admitted as a wide-spread way to build credit score.

The idea of secured plastics is simple. To be eligible for the card, you don't need to display a certain credit score or income - there are no requirements for this. To be approved for a credit limit, you are to make a security deposit which serves as a guarantee that you will pay off the balance. The amount of your deposit determines your credit limit. A secured credit card has an interest rate and fees, just like an unsecured plastic. Some people underestimate secured plastics, thinking they should pay money to get a credit card. In fact, the security deposit can be taken by the bank only in case you fail to pay off your debt.

Applied Bank® Secured Visa has a number of features that introduce it as a great option for a credit score that needs improvement.

• No credit check: you can have damaged or no credit history, Applied Bank® will issue the card to you.

• No income requirements: you will not have to provide any documentation to prove your ability to pay.

• Low fixed APR for purchases and cash advances.

• The minimum deposit is $200, but you can make a security deposit as high as $5,000.

• You will be issued a credit limit which equals to the security deposit.

After getting the Applied Bank® Secured Visa, you are going to enjoy a range of services to make the usage of the card more enjoyable. Among the benefits of Secured Visa, the foreign transaction fee of 1% can be mentioned. Thus makes it convenient to use the card when travelling abroad. Besides, Applied Bank® provides its customers with online customer services. It enables you to check your credit card status, make an online payment and check out your account online.

As you see, Applied Bank® Secured Visa is a convenient card for people who want to rebuild their credit without paying excessive charges. Make an application to enjoy all the conveniences of a secured card!