About the Financial Institution

With the security of a deposit, this card offers the flexibility of a Visa, with worldwide acceptance, allowing you to use the card anywhere Visa is accepted.

Ideal for new credit users or those looking to improve their credit score, the Applied Bank Secured Visa Card is a reliable and affordable option.

Once approved, the cardholder is required to make a refundable security deposit, which serves as collateral for the card’s credit limit.

This system offers a secure way for consumers to acquire credit without the risks associated with unsecured credit cards.

Applied Bank is a financial institution dedicated to helping consumers build credit responsibly.

Founded in 1996, Applied Bank offers a variety of financial products, including secured credit cards and solutions for consumers with varying credit scores.

With a commitment to transparency and customer service, Applied Bank stands out by offering accessible products that serve a broad range of customers, from those just starting to build their credit to those looking to improve their score.

The institution offers credit cards with affordable fees, making it a popular option for those seeking alternatives to traditional credit cards.

Additionally, Applied Bank focuses on security and simplicity, ensuring that its customers can manage and improve their financial health in a practical way.

Press the button below and check out the step-by-step process how to apply for the card.

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Who is this card for?

The Applied Bank Secured Visa Card is ideal for:

Credit beginners: People starting to build a credit history can use this card as an easy way to begin the credit-building process with the support of a security deposit.

Consumers with poor or limited credit: Those struggling with credit or trying to improve their score can use the Applied Bank® Secured Visa® Card to rebuild their credit and learn how to use credit responsibly.

Those seeking convenience and global acceptance: This card offers the flexibility and convenience of being accepted at millions of locations worldwide, with the Visa network, allowing cardholders to make purchases easily and securely.

Those seeking financial control: The card is ideal for those who wish to maintain strict control over their finances, as the credit limit is equal to the security deposit amount, making expenses predictable and secure.

Benefits of the Applied Bank Secured Visa Card

The Applied Bank® Secured Visa® Card offers several advantages for cardholders:

Global acceptance with the Visa® brand: As a Visa® card, it is widely accepted at millions of merchant locations, both in-store and online, allowing you to shop anywhere in the world that accepts Visa.

Monthly reporting to major credit bureaus: The Applied Bank® Secured Visa® Card reports your credit history to the three major credit bureaus (Experian, TransUnion, and Equifax), which can help improve your credit score when used responsibly.

Credit limit based on the security deposit: The card offers a credit limit equal to the security deposit made by the cardholder, which helps ensure the card’s security and provides consumers with the confidence that the credit extended is within a manageable limit.

Accessibility and simplicity: The application and approval process is simple and straightforward. As the card is secured by a security deposit, approval tends to be easier, even for those with little or no credit history.

Affordable fees: The Applied Bank® Secured Visa® Card has more affordable maintenance and interest rates compared to many unsecured cards, making it an economical choice for those starting or improving their credit.

No annual fee: Despite being a secured card, the Applied Bank® Secured Visa® Card does not charge an annual fee, making it an affordable option for consumers seeking an alternative without additional maintenance costs.

Additional Benefits

In addition to the primary benefits, the Applied Bank® Secured Visa® Card also offers extra advantages that enhance the experience:

Enhanced security: The card comes with standard security protections, such as fraud protection and transaction monitoring, ensuring that you are always aware of your purchases.

Credit control: Since the credit limit is based on the security deposit amount, users have complete control over the amount of credit they wish to access, preventing surprises in the outstanding balance.

Simple recovery process: The security deposit is refundable, meaning you can recover the amount after closing the account, provided the balance is paid off and the card has been used responsibly.

Convenient payment options: The card offers various payment options, including online and mail payments, allowing you to manage your payments in whichever way you prefer.