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Applied bank

Frequent Contributor

Applied bank

Is Applied bank a  good rebuilder credit card? I was denied by several other secured card companies. Also, will Applied bank convert to unsecured?

Fico Scores :03/12/2015 Equifax 565, Transunion 585, Experian 563
Current Fico Scores 12/15/2015 EQ 612, TU 645, EX 655
Kay Jewelers 4000/Barclays MC 1300/ Firestone1200/ Cap1 Quicksilver 2300/ NFCU nrewards secured 600/ Macys 600/ Walmart 3500/ Amazon 3500/ Cap 1 Journey 1050/ Kohls 300/ Banana Republic 3500/ Texaco 890/ BP 2000/ Jcrew 250/ Victoria Secrets 250/ Eddie Bauer 250/ Marisota 500/ SimplyBe 500/ Discount Tires 500/ Care Credit 1000/ American Eagle 150/ QVC 2000
Message 1 of 26
25 REPLIES
New Contributor

Re: Applied bank

Ive heard some good, some bad about this card but they seem pretty good at accepting people.  No clue on the going unsecured though, which banks have you tried to get one from?  Have you tried going thru a local credit union?
~JD


598 TU / 565 EQ / ?? EX - 12/27/09
612 TU / 588 EQ / ?? EX - 2/3/10
634 TU / 609 EQ / 577 EX FAKO - 2/25/10
Message 2 of 26
Valued Contributor

Re: Applied bank

I started out with Applied (It was  CountryCross Bank)  The fees are exorbitant.  You pay for every cli. It was like 100.00 each time I got one.  My highest cl before closing was 1575  They wanted to charge me so much a month when I got over 1000 so I closed.  

 

They are pretty bad but served their purpose   Probably on a par with Premier.

 

I foound HSBC and Cap One although cheap with clis to be better with their fees. 

Message Edited by casinoannie97 on 12-28-2009 08:55 AM
Message 3 of 26
Senior Contributor

Re: Applied bank

Paying for CLI's is an old Providian trick. It's a scam.
Message 4 of 26
Valued Contributor

Re: Applied bank

sure it's bad but when you're in trouble, it's a start.
Message 5 of 26
Senior Contributor

Re: Applied bank


casinoannie97 wrote:
sure it's bad but when you're in trouble, it's a start.

 

Not for long. The fee harvester cards are going to be slammed by the Credit CARD Act of 2009 in two months. It will be interesting to see if they are able to reformulate their scam game to circumvent the new legal provisions.
Message 6 of 26
Valued Member

Re: Applied bank

My experience has been good with Applied Bank, currently I have 3 cards with them.  Payment posting has been excellent when done via Bill Pay at my bank, it credits the same day.  The only down side is reporting to only 2 bureaus, Trans and Experian, not Equifax which is what 90% of lenders use in my state.  I highly recommend Ordchard Bank, and Public Savings Bank for great secured rebuilding cards.
Message 7 of 26
Frequent Contributor

Re: Applied bank

How is that possible? They advertise that they report to EQ.
Fico Scores :03/12/2015 Equifax 565, Transunion 585, Experian 563
Current Fico Scores 12/15/2015 EQ 612, TU 645, EX 655
Kay Jewelers 4000/Barclays MC 1300/ Firestone1200/ Cap1 Quicksilver 2300/ NFCU nrewards secured 600/ Macys 600/ Walmart 3500/ Amazon 3500/ Cap 1 Journey 1050/ Kohls 300/ Banana Republic 3500/ Texaco 890/ BP 2000/ Jcrew 250/ Victoria Secrets 250/ Eddie Bauer 250/ Marisota 500/ SimplyBe 500/ Discount Tires 500/ Care Credit 1000/ American Eagle 150/ QVC 2000
Message 8 of 26
Frequent Contributor

Re: Applied bank

I have applied to BOA and Capital One and was denied. I figured this would help me because I have no revolving accounts. But i have some baddies on credit as well.

Fico Scores :03/12/2015 Equifax 565, Transunion 585, Experian 563
Current Fico Scores 12/15/2015 EQ 612, TU 645, EX 655
Kay Jewelers 4000/Barclays MC 1300/ Firestone1200/ Cap1 Quicksilver 2300/ NFCU nrewards secured 600/ Macys 600/ Walmart 3500/ Amazon 3500/ Cap 1 Journey 1050/ Kohls 300/ Banana Republic 3500/ Texaco 890/ BP 2000/ Jcrew 250/ Victoria Secrets 250/ Eddie Bauer 250/ Marisota 500/ SimplyBe 500/ Discount Tires 500/ Care Credit 1000/ American Eagle 150/ QVC 2000
Message 9 of 26
Valued Contributor

Re: Applied bank

they helped me and got me started after BK.  I was grateful.  Orchard also.  I didn't have to pay for clis with them..They were auto.
Message 10 of 26