Applied Bank Secured Visa Gold – How to Apply

By Raquel Oliveira • 03/03/2025

Applied Bank Secured Visa Gold: Approval without a credit check and Competitive interest rates.

This credit card is an excellent option for those seeking to build or rebuild their credit history. It offers a secure credit limit based on a refundable security deposit, providing financial flexibility without high approval barriers.

Unlike traditional credit cards, this secured option does not require a strong credit score. It is ideal for individuals with past financial challenges or limited credit history, offering them a practical way to gain approval.

Equipped with fraud protection, security features, and financial management tools, this card helps users take control of their finances. Responsible usage and on-time payments contribute to improving creditworthiness and financial stability over time.

In this article, we explore how this credit card works, its key benefits, potential drawbacks, applicable fees, and the application process. This information will help you decide if it meets your financial goals.

How does Applied Bank Secured Visa Gold work?

The Applied Bank Secured Visa Gold Credit Card does not focus on reward programs, cashback, or traditional credit perks, but instead helps users rebuild or establish credit through responsible spending and repayment.

This card requires a security deposit ranging from $200 to $5,000, which determines the credit limit granted. The deposit is refundable, making it a safer option for those with limited or poor credit.

Applied Bank reports all payment activity to major credit bureaus, allowing users to improve their credit score over time by making on-time payments and maintaining a responsible credit utilization ratio.

By building a strong credit history, cardholders increase their chances of qualifying for better financial products in the future, including unsecured credit cards, loans, and other financial opportunities.

Main benefits for the Applied Bank Secured Visa Gold

• Easy Approval Process: The credit approval process is less restrictive, making it ideal for individuals with poor or limited credit history who need a fresh financial start.
• Security Deposit Determines Credit Limit: Users deposit between $200 and $5,000, which directly establishes their credit limit and acts as a safeguard for the bank.
• Fraud and Theft Protection: The card includes zero liability on unauthorized purchases, protecting users against fraudulent transactions for better financial security.
• Digital Account Management: Cardholders can access a secure online platform to track transactions, check balances, and manage payments with ease.

Cons for the Applied Bank Secured Visa Gold

While the Applied Bank Secured Visa Gold card offers great benefits for credit-building, there are some limitations to consider. 

The card requires a deposit, which means you need to have the funds available upfront to open an account. The credit limit is also tied to the amount of your deposit, which may be lower than what you would get with an unsecured credit card.

The Applied Bank Secured Visa Gold card also comes with a relatively high APR, so it’s important to pay off your balance in full each month to avoid costly interest charges.

Additionally, the card does not offer any rewards or cashback programs, so it may not be the best fit if you’re looking for a card with added perks.

APR and Fees

Understanding this Credit Card’s fee structure is essential for responsible financial management and cost control over time.

• Late Payment Penalties: Failure to make payments on time could result in additional fees and negative impacts on the cardholder’s credit score.
• Annual Fee: A $48 yearly fee, charged in monthly installments of $4, applies to maintain the card account.
• Monthly Maintenance Fee: After the first year, users are charged a $6.25 monthly maintenance fee, adding extra costs to their financial management.
• Purchase APR: The fixed APR of 9.99% remains stable, helping cardholders manage balances without fluctuating interest rates like other credit cards.

How to Apply for the Applied Bank Secured Visa Gold

Applying for the Applied Bank Secured Visa Gold card is easy. You can apply online by providing your personal and financial details. 

Once approved, you’ll make a deposit to secure your credit line, and then you can begin using your card to build your credit. 

With the ability to increase your credit limit as you demonstrate responsible use, the Applied Bank Secured Visa Gold card is a great tool for anyone looking to improve their credit profile.

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.