Applied Bank Secured Credit Card Review 2025 | Worth It or Leave It?

Rebuild credit with guaranteed approval using the Applied Bank Secured Visa Gold Preferred Credit Card, a financial tool designed for people with poor or no credit who have been shut out of other options. With no credit check required, it offers a straightforward path to start building your financial profile by reporting payment history to all three major credit bureaus—Equifax, Experian, and TransUnion. Its fixed 9.99% APR is unusually low for a credit-building card and stays the same even after late payments, making it more predictable than many high-interest alternatives. Your refundable security deposit, from $200 up to $1,000, becomes your credit limit, providing flexibility based on your budget. However, a $48 annual fee is deducted immediately from your usable credit, and the lack of a grace period means interest begins accruing the moment you make a purchase. Foreign transaction fees, late payment penalties, and even charges for online or phone payments add to the cost. With no rewards program, no upgrade path, and reports of frustrating customer service, this card works best as a cautious, temporary stepping stone. Whether it becomes a silent ally in your credit rebuild or a costly misstep will be revealed by the end of the story.

Pros:
- No credit check required for approval
- Reports to all three major credit bureaus
- Low fixed 9.99% APR unaffected by late payments
- Flexible refundable deposit from $200 to $1,000
- Accessible for those with poor or no credit history

Cons:
- $48 annual fee deducted from available credit
- No grace period; interest accrues immediately
- Multiple service-related fees
- No rewards or upgrade path to an unsecured card
- Reports of poor customer service and slow processing

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