Applied Bank Secured Visa Gold Card – How to apply

By Raquel Oliveira • 04/08/2025

This credit card is perfect for those who want many benefits and enjoy all related advantages.

Applied Bank Secured credit card is an ideal option for individuals aiming to rebuild or establish their credit history, offering a secure and manageable credit limit backed by a refundable security deposit.

Unlike traditional credit cards, this secured option does not require a strong credit score, making it more accessible to applicants who may have faced financial setbacks or are just beginning to build their credit profile.

Equipped with fraud protection, security features, and financial management tools, this card is designed to empower users to take control of their finances and steadily improve their creditworthiness through responsible use and on-time payments.

In this article, we’ll explain how the card works, highlight its main advantages, discuss potential drawbacks and fees, and guide you through the application process — helping you decide if it aligns with your financial goals.

How does the Applied Bank Secured Visa Gold work?

The Applied Bank Secured Visa Gold is a secured credit card, meaning you need to make a security deposit to use it. 

The amount you deposit, between $200 and $1,000, becomes your credit limit. For example, if you deposit $500, that’s the maximum amount you can charge on the card.

Every month, you’ll receive a bill, and you’re required to make at least the minimum payment. The bank reports your payments to the three major credit bureaus, so paying on time can help improve your credit score. 

Unlike some credit cards, this one doesn’t have an interest-free period. Interest starts on the day you make a purchase, so paying off your balance quickly is important to avoid extra charges.

Main benefits for the applied bank secured visa gold

The Applied Bank Secured Visa Gold is easy to get because it doesn’t require a credit check. If you have no credit history or bad credit, you can still qualify. All you need to do is provide the refundable security deposit, which sets your credit limit.

Another feature is the 9.99% fixed APR. This rate won’t change, even if you miss a payment. Many credit cards have variable rates that can go up over time, but this card keeps things predictable.

Applied Bank also reports your activity to all three major credit bureaus, which is helpful for building or improving your credit score.

This card is straightforward and focused on helping you establish credit. If you’re just starting out or trying to rebuild, it’s a useful tool, but it’s not designed for rewards or extra perks.

Cons for the Applied Bank Secured Visa Gold

While this card can help build credit, it does have some downsides. First, there’s a $48 annual fee. This fee is deducted from your credit limit, so if you deposit $200, your initial limit will be $152 after the fee is applied.

Another drawback is the lack of an interest-free period. With most credit cards, you can avoid interest if you pay your balance in full each month. That’s not the case here. Interest starts on the day of your purchase, which can make carrying a balance expensive.

Lastly, the card doesn’t offer any rewards. If you’re used to earning points, cash back, or other benefits with your spending, you won’t find that here. This card is best for building credit, not for everyday purchases or long-term use.

APR and Fees

The Applied Bank Secured Visa Gold has a fixed APR of 9.99%. This rate applies to both purchases and cash advances and doesn’t change, even if you’re late on a payment.

While the fixed rate is relatively low compared to some credit cards, interest starts immediately on purchases. That means if you don’t pay off your balance quickly, the charges can add up.

The card has a $48 annual fee, which is taken from your deposit when you activate your account. For cash advances, there’s a fee of 5% of the amount, with a minimum charge of $5.

There are also fees for late payments and returned payments, so it’s important to stay on top of your due dates. Overall, while the costs aren’t excessive, they’re worth considering if you’re deciding whether this card is right for you.

How to Apply for the Applied Bank Secured Visa Gold

Applying for this card is simple. Start by visiting the Applied Bank website. Fill out the application form with your personal information, like your name, address, and Social Security number.

You’ll also need to choose how much you want to deposit. Remember, this deposit becomes your credit limit, so decide on an amount between $200 and $1,000 based on what works for you.

Once you’ve submitted your application, you’ll need to fund your deposit. This step is required before your card can be issued. Since there’s no credit check involved, approval is usually quick as long as you meet the basic requirements.

From there, you can start using the card to build your credit. Just make sure to pay on time and keep track of your spending to avoid extra fees.

Who Should Apply for the Applied Bank Secured Visa Gold Credit Card?

This Credit Card is ideal for individuals with poor credit, limited credit history, or those seeking to rebuild their financial standing with a structured and secure credit product.

It is best suited for users seeking a straightforward way to improve their credit scores, as it reports payment activity to major credit bureaus, ensuring responsible usage is reflected positively.

Additionally, it benefits users who prefer a fixed, stable APR of 9.99%, avoiding fluctuating interest rates that may lead to unexpected costs on outstanding balances.

However, those looking for rewards, cashback, or lower fees may find this card less appealing, as it focuses purely on credit-building rather than extra financial perks.

Final Considerations

This Credit Card is an excellent tool for individuals seeking to build or rebuild their credit, offering a manageable credit limit and fraud protection for financial security.

While it lacks reward programs, cashback, or a balance transfer feature, it provides an easy approval process, a fixed interest rate, and a straightforward path to better credit management.

Before applying, consider whether the security deposit requirement and fees align with your financial needs. Used strategically, this card can help users improve their credit scores and access better financial opportunities in the future.