Applied Bank Secured Visa Gold – How to apply

By Marcos • 01/06/2025

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

The Applied Bank Secured Visa Gold is a credit card for those looking to build or improve their credit score. Like secured credit cards, they require a deposit within your credit limit, which makes them an affordable option for beginners and people with bad credit.

This card offers benefits such as competitive interest rates, wide acceptance and no credit check required for approval. In addition, payments are reported to the main credit agencies, helping owners to establish a good credit history.

With an affordable annual fee and simplified application process, Applied Bank Secured Visa Gold is a reliable option for those who want to rebuild or build credit responsibly.

Another reason this card shines is its rewards program. Cardholders can accumulate points at an accelerated rate, redeemable for travel, gift cards, statement credits, or exclusive experiences. 

Paired with perks like automatic upgrades at luxury hotels and discounts with car rental services, the card offers unmatched convenience and indulgence for those who travel frequently or seek high-end benefits.

How does the Applied Bank Secured Visa Gold Credit card work? 

Applied Bank Secured Visa Gold works like a secured credit card, with the owner making an initial deposit that determines the available credit limit.This deposit protects the card issuer against non-payment and makes it accessible even to people with limited or negative credit. 

Cardholders can use their card for everyday purchases, travel bookings and other transactions, while building a good credit history through on-time payments. This card is accepted at millions of Visa merchants worldwide.

In addition, Applied Bank reports all payment activity to the three major credit bureaus, allowing cardholders to build or improve their credit score over time. This is a practical solution for anyone dedicated to managing their finances responsibly.

Main benefits of Applied Bank Secured Visa Gold

• No credit check approval: One of the standout features of the card is its accessibility, as it does not require a strict credit check for approval. This makes it an ideal option for individuals with limited or no credit history, offering a unique opportunity to enter the credit market.
• Competitive interest rate: The card boasts one of the lowest interest rates in the secured card category, providing significant savings for cardholders. This competitive rate ensures that users can manage their finances effectively, even when carrying a balance.
• Reporting to credit agencies: Payments made with the card are reported to major credit agencies, enabling users to build or rebuild their credit history. Consistent and timely payments can pave the way for a solid credit score, enhancing financial opportunities in the future.
• Flexibility and ease of use: The card offers flexibility in initial deposit amounts, allowing users to tailor their deposit based on their financial capacity. Its user-friendly design ensures that managing payments, checking balances, and making purchases is seamless, both online and offline.
• Global acceptance and future opportunities: The card is widely accepted worldwide, making it a reliable choice for international transactions.

Additionally, it serves as a stepping stone for users aiming to transition to more advanced credit products, such as premium rewards cards or unsecured options, as they build their creditworthiness.

Cons of Applied Bank Secured Visa Gold

• Deposit required: An initial deposit is required to obtain the card, which can be a barrier for some people.
• Annual fee: This card has an annual fee, so it may not be ideal for those looking for a completely free option.
• No rewards or additional benefits: Unlike other credit cards, the Applied Bank Secured Visa Gold does not offer rewards programs, cashback or other incentives.

Due to these limitations, this card is perfect for people who are more focused on building credit than receiving additional benefits.

APR and fees

Applied Bank Secured Visa Gold offers one of the lowest interest rates in its category, currently with a fixed APR of approximately 9.99% (figures subject to change). This feature is notable because many secured cards have significantly higher interest rates.

This card has an annual fee of around US$48, which is reasonable for a credit repair card.There are no hidden fees, such as: Late payments can result in exorbitant penalties, but it’s important to pay balances on time to avoid interest charges.

In addition, this card does not charge international transaction fees, which makes it a good option for international purchases, especially if you travel frequently.

How to apply for the Applied Bank Secured Visa Gold

Applying for the Applied Bank Secured Visa Gold is easy and can be done directly on the Applied Bank website.This process does not require a strict credit check, increasing your chances of approval.

First, applicants must fill out an online form with basic information, including personal and financial information.Next, a deposit is required.The minimum amount is US$200 and can go up to US$5,000 depending on the owner’s needs. 

This deposit will be used as your credit limit. After approval, your card will be sent to the address you provided. After receiving it, the owner can activate it immediately and start using it. When used with discipline and financial responsibility, it can be an effective tool for borrowing.