Applied Bank Secured Visa Gold – How to Apply

By Raquel Oliveira • 03/05/2025

Applied Bank Secured Visa Gold Credit Card helps individuals rebuild credit with a simple approach.

The Applied Bank Secured Visa Gold is designed for individuals looking to establish or rebuild their credit while maintaining responsible spending habits. This secured credit card offers financial control and a predictable repayment structure.

Unlike traditional unsecured cards, this option requires a refundable security deposit. The deposit serves as collateral, determining the cardholder’s credit limit. This ensures that users only spend within their means, preventing excessive debt.

One of the standout features of this card is its low fixed APR, which remains unchanged regardless of market fluctuations. This makes it a more predictable option compared to unsecured credit cards with high variable interest rates.

For those with limited or poor credit history, this card offers a practical path to financial improvement. By making timely payments and keeping balances low, users can strengthen their credit profile over time.

How Does the Applied Bank Secured Visa Gold Work?

The Applied Bank Secured Visa Gold functions similarly to a standard credit card, allowing users to make purchases, pay bills, and build credit. However, it requires an initial refundable security deposit for approval.

The deposit amount determines the user’s credit limit. For example, a $200 deposit typically results in a $200 credit limit. Higher deposits grant larger credit lines, giving users more financial flexibility.

One of the key advantages of this card is its low fixed APR, which remains stable despite changes in the broader economy. This provides financial predictability for those who occasionally carry a balance.

Additionally, this card reports activity to all three major credit bureaus, ensuring responsible use contributes to positive credit growth. Timely payments and low utilization improve scores, leading to better financial opportunities.

Main Benefits of the Applied Bank Secured Visa Gold

The Applied Bank Secured Visa Gold provides a structured and effective way to build credit while offering several advantages that make it an attractive option for those seeking financial improvement.

• Fixed low APR: Unlike many secured credit cards with high interest rates, this card offers a stable APR, ensuring that users do not face unexpected increases in their interest charges over time.
• No credit check required for approval: Applicants with poor or no credit history can qualify easily. Since the security deposit guarantees the credit line, approval is almost assured, removing traditional barriers to credit access.
• Reports to all three major credit bureaus: Credit activity is reported monthly to Experian, Equifax, and TransUnion, ensuring that responsible card usage contributes to building a positive credit history over time.
• Simple approval process: Since eligibility is not based on credit score, applicants only need to provide a refundable security deposit, which acts as collateral and determines the available credit limit on the card.

Cons of the Applied Bank Secured Visa Gold

While the Applied Bank Secured Visa Gold offers valuable benefits, it also has a few limitations that potential applicants should consider before deciding to apply for the card.

• Limited upgrade options: Unlike some secured cards that allow users to transition to an unsecured version over time, this card does not automatically upgrade. Users will need to apply separately for an unsecured card.
• Requires a security deposit: This upfront deposit can be a financial barrier for individuals without available funds. A higher credit limit requires a larger deposit, which may be challenging for some users.
• No rewards or cashback program: Unlike some credit cards that offer points or cashback, this card focuses solely on credit-building. Users seeking additional perks may find better alternatives elsewhere.
• Annual fee applies: The card comes with an annual fee, adding to the overall cost of maintaining it. While this is common among secured cards, some alternatives offer similar benefits without charging annual fees.

APR and Fees

The Applied Bank Secured Visa Gold is known for its low fixed APR, providing financial predictability and stability for users who occasionally carry a balance on their credit card.

Unlike many other credit cards, the APR remains constant regardless of market fluctuations. This ensures that users are not impacted by rising interest rates, making it easier to manage debt effectively.

The card does require an annual fee, which should be factored into the total cost of maintaining it. While common for secured cards, some competing options offer no annual fees with similar benefits.

Additionally, users must provide a refundable security deposit, with the minimum amount typically starting at $200. A larger deposit allows for a higher credit limit, giving users more spending flexibility.

How to Apply

Applying for the Applied Bank Secured Visa Gold is a simple process that does not require a credit check. This makes it an accessible option for individuals looking to establish or rebuild their credit profile.

To begin, visit the Applied Bank website and navigate to the credit card application page. Fill out the online form, providing basic personal and financial information to complete the initial application process.

Since this is a secured credit card, applicants must also make an initial security deposit, which serves as their credit limit. Once the deposit is received, the application is processed for final approval.

Upon approval, the card is shipped within 7 to 10 business days, allowing users to start making purchases and building their credit history immediately after activation.

Is the Applied Bank Secured Visa Gold Right for You?

The Applied Bank Secured Visa Gold is best suited for individuals looking to rebuild or establish credit while maintaining financial discipline. It provides structured spending limits and essential credit-building tools.

This card is ideal for those who do not qualify for traditional unsecured credit cards due to limited credit history or past financial challenges. The lack of a credit check makes approval highly accessible.

If you are looking for a low-risk way to build credit, this card provides an effective solution. By making on-time payments and maintaining low balances, users can qualify for better financial products over time.

Maximizing the Benefits of the Applied Bank Secured Visa Gold

To fully utilize the advantages of this card, users should focus on strategic financial management, ensuring that they maximize their credit-building potential through responsible spending and timely payments.

Since this card reports to all three major credit bureaus, it is essential to always make payments on time. Late payments can negatively impact credit scores, reducing the long-term benefits of using the card.

Finally, monitoring your credit score regularly helps track progress. Many financial apps provide free credit monitoring tools, allowing users to see improvements and adjust financial strategies as needed.