The Best Secured Credit Card to Rebuild Credit

By: Lisa Phillips

Consumers with less than perfect credit may have few options when seeking a credit card. The Applied Bank® Secured Visa® Gold Credit Card is a secured visa card that can be used just like an unsecured visa credit card.

It is the best secured credit to rebuild credit and unlike prepaid cards, it has no set up or activation fees and no annual fees.

While most prepaid cards do not report to the credit bureaus, the Applied Bank® Secured Visa® Gold Credit Card has monthly credit bureau reporting. You determine your credit limit, from a minimum of $200 up to $5,000!

One of the card features that make it the best secured card to rebuild credit is the very competitive low 9.99% fixed APR which is lower than most credit cards for consumers with perfect credit.

The Applied Bank® Secured Visa® Gold Credit Card is one of the best secured cards available to consumers with bad credit, poor credit and imperfect credit. It is also a great card for consumers with a limited credit history.

Credit Card Highlights

Cash Advances. The advantages of the Applied Bank® Secured Visa® Gold Credit Card’s fixed-rate is that the APR of 9.99% applies to purchases as well as cash advances. Many credit cards charge consumers a higher APR for cash advances.

Fixed APR. Even if you are late making a payment, because the APR is fixed, it will not change.

Credit Limit. The Applied Bank® Secured Visa® Gold Credit Card is a “secured” credit card which means a security deposit is required to back the card. Whatever amount you choose to deposit, between $200 and $5,000, will be the credit limit of the card.

No Unnecessary Fees. Most secured credit cards charge a fee to open an account which takes away from your available credit before you even get to use the credit card. Without an activation fee the deposit amount used to establish your credit line is amount you’ll have available to you as your credit line.

The Applied Bank® Secured Visa® Gold Credit Card does not have an annual fee associated with it. No annual fee means get to use your available credit on purchases of your choice, not for the privilege of using the credit card.

Summary Highlights

• No annual fee or account activation fees
• 9.99% low fixed APR for both purchases and cash advance
• Your rate won’t change, even if you’re late making a payment
• Choose your own credit limit – from $200 to $5,000 dollars
• Monthly Credit Bureau reporting

Apply for the Applied Bank® Secured Visa® Gold Credit Card today!