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Applied Bank® Secured Visa® Credit Card |
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Intro Rate |
Regular APR |
Annual FEE |
CardType |
None |
12.990% |
See Terms |
Secured |
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12.99% Low Fixed APR - Rate Won't Change Even If You're Late! Choose Your Credit Limit - From $200 up to $500 Monthly Credit Bureau Reporting Genuine Visa Credit Card - Not a Pre Paid or Debit Card Accepted Worldwide at Millions of Locations |
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Secured Online Application |
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The Applied Bank® Secured Visa® Credit Card, issued by Applied Bank, is designed for those with limited or poor credit history who want the convenience of a credit card.
The major benefit of this card is the fixed APR of 12.99% for purchases and cash advances, which is reasonably low for a secured card. There is a $200 minimum deposit required and a $500 maximum.
Unlike most secured credit cards, this card provides additional services and benefits, including online account access and various fraud protection services. The Applied Bank® Secured Visa® credit card also offers worldwide acceptance at millions of locations, as well as monthly credit bureau reporting.
It is important to note that a major drawback of the card is that there is no grace period for purchases. This means that interest will be applied immediately to any charges made with the card. A downside is that this card does not pay interest to the deposit amount, which sets it apart from other secured cards that do.
Those who can afford the $200 minimum deposit and do not mind accumulating finance charges once a transaction is posted, will benefit most from the very low rate that the Applied Bank® Secured Visa® Credit Card has to offer.
Review date: 2010-05-07 00:00:00 |
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Important Notes:
See website for complete terms and conditions of card usage and application disclosure.
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