topic Re: Applied Bank is back in Credit Cards

Applied Bank is back

woodyman100 — Fri, 31 Jul 2015 02:15:11 GMT

According to the banner at the top of the page Applied Bank is back open for apps.

They helped my wife when she was rebuilding.

No grace period, but a good card for rebuilders who PAY IN FULL

Re: Applied Bank is back

Anonymous — Fri, 31 Jul 2015 03:40:43 GMT

@woodyman100 wrote:
According to the banner at the top of the page Applied Bank is back open for apps.
They helped my wife when she was rebuilding.
No grace period, but a good card for rebuilders who PAY IN FULL

Seems like same garbage as Credit One and First Premier bank, Better off going secured.

Re: Applied Bank is back

TiggerDat — Fri, 31 Jul 2015 10:30:39 GMT

@Anonymous wrote:
@woodyman100 wrote:
According to the banner at the top of the page Applied Bank is back open for apps.
They helped my wife when she was rebuilding.
No grace period, but a good card for rebuilders who PAY IN FULL
Seems like same garbage as Credit One and First Premier bank, Better off going secured.

Re: Applied Bank is back

incognitony — Tue, 04 Aug 2015 03:06:30 GMT

I worked for these guys when they were Cross Country Bank in the early 2000's. The FDIC basically shut them down due to violations. They were only offering secured cards for a lot of years but looks like they have found a loophole to get back in the game. RUN AWAY AND DON'T LOOK BACK.

Re: Applied Bank is back

Anonymous — Thu, 13 Aug 2015 00:29:59 GMT

Too bad I did not see the comments before I applied. There are way too many disadvantages of using their card. $125 origination fee (deducted from available credit as soon as you activate the card), $9.95 monthly maintenance fee, $38.00 returned payment fee (they will attempt the payment a few times and charge you the fee for each one), online payment fee ($10.95 if you use debit/credit card and $6.95 if using checking account), etc. You can only contact them Mon.-Fri. 9am-6pm, which is an inconvenience when you need toget a hold of them at other times. I say run too. I am in a trap now but I closed the card.

Re: Applied Bank is back

Anonymous — Thu, 13 Aug 2015 00:25:48 GMT

Wow, if we didn't have the likes of First Premier and Credit One to worry about, another rises from the depths of the fourth (or perhaps eighth?) circle of the inferno.*

*I, admittedly, may be remembering Dante's Inferno wrong--point is, they're bad news, hahaha.

Re: Applied Bank is back

Anonymous — Thu, 13 Aug 2015 01:34:29 GMT

@Anonymous wrote:
Too bad I did not see the comments before I applied. There are way too many disadvantages of using their card. $125 origination fee (deducted from available credit as soon as you activate the card), $9.95 monthly maintenance fee, $38.00 returned payment fee (they will attempt the payment a few times and charge you the fee for each one), online payment fee ($10.95 if you use debit/credit card and $6.95 if using checking account), etc. You can only contact them Mon.-Fri. 9am-6pm, which is an inconvenience when you need toget a hold of them at other times. I say run too. I am in a trap now but I closed the card.

on the bright side, they let you keep your first born. So it's got that going for it...

Re: Applied Bank is back

Anonymous — Thu, 13 Aug 2015 01:43:42 GMT

Gridium wrote:

makemoves wrote:

on the bright side, they let you keep your first born. So it's got that going for it...

I did not think about that. Thanks for the encouragement.

Re: Applied Bank is back

Anonymous — Thu, 13 Aug 2015 01:44:47 GMT

@Anonymous wrote:
Wow, if we didn't have the likes of First Premier and Credit One to worry about, another rises from the depths of the fourth (or perhaps eighth?) circle of the inferno.*

*I, admittedly, may be remembering Dante's Inferno wrong--point is, they're bad news, hahaha.

Oh yeah! They are all in the same league.

Re: Applied Bank is back

Anonymous — Thu, 13 Aug 2015 03:18:55 GMT

makemoves wrote:

Wait... they actually charge to make an online payment?

Re: Applied Bank is back

Anonymous — Thu, 13 Aug 2015 10:18:25 GMT

rousseau31,

Yes. I thought it would be free if you are using your checking account, but they charge either way. I know that Credit One charges $9.95 if you pay with a credit/debit card online, since they consider that an express payment.

Re: Applied Bank is back

CreditCuriosity — Thu, 13 Aug 2015 12:42:20 GMT

I had to look at the website and this is quite possibly the worse card I have ever seen.. This makes Credit one looks like a prime card along even with FP.. They hit you with every fee they can find and will nickle and dime you to death!

Re: Applied Bank is back

Anonymous — Thu, 13 Aug 2015 13:24:54 GMT

bro they don't nickel and dime... they dollar you lol

Re: Applied Bank is back

CreditCuriosity — Thu, 13 Aug 2015 13:57:08 GMT

true dollar and 10 dollar you, no nickel and dimes here

Re: Applied Bank is back

Anonymous — Thu, 13 Aug 2015 14:01:28 GMT

this is the craziest thing i have read on this forum lol. that card sounds like junk to a homeless person..

Re: Applied Bank is back

Anonymous — Thu, 13 Aug 2015 14:13:00 GMT

@CreditCuriousity wrote:
I had to look at the website and this is quite possibly the worse card I have ever seen.. This makes Credit one looks like a prime card along even with FP.. They hit you with every fee they can find and will nickle and dime you to death!

I opened this card and Credit One back in 2006. I was pretty good about paying on time but this company ripped me a new one with their fees. My minimum payment was so high because of all the extra fees. I was very happy to pay them off with my tax return in 2011 and never looked back. I kept Credit One because they made them look like saints.

Re: Applied Bank is back

TiggerDat — Fri, 14 Aug 2015 01:09:57 GMT

@Anonymous wrote:
Too bad I did not see the comments before I applied. There are way too many disadvantages of using their card. $125 origination fee (deducted from available credit as soon as you activate the card), $9.95 monthly maintenance fee, $38.00 returned payment fee (they will attempt the payment a few times and charge you the fee for each one), online payment fee ($10.95 if you use debit/credit card and $6.95 if using checking account), etc. You can only contact them Mon.-Fri. 9am-6pm, which is an inconvenience when you need toget a hold of them at other times. I say run too. I am in a trap now but I closed the card.

First, buyer beware. Second, I think you have 30 days from the date of opening to close the account and get the money back. If you haven't used the account yet then I would suggest this strategy. You might be left with with the inquiry and the account on your report, but it would be better than paying all those fee!

$125 origination fee is never worth it! It would still be better for anyone to simply save a bit more and get a secured card. It might be a hassle to do so for some, but it would still be better than simply paying for something you don't get back! When I started rebuilding my credit I plunked down a $1000 to get a Merrick Bank secured card and I never looked back. They were much easier to deal with than most banks with secured cards out there. With regular use of the card it gets increases. The only drawback is that it can never become unsecure and the fee is always charged. At the four year mark with them I kept telling them that I wish they had better cards for people who had proven themselves and that the fee and security at some point should be ended. I kept it up for over a year and a half and finally had to close the card over these two issues. They were great and easy to deal with on everything else.

Re: Applied Bank is back

Anonymous — Fri, 14 Aug 2015 01:29:12 GMT

Well, I didn't see any personal cards in their website, except for "Pay your credit card" and "business visa card". Is there a different link for credit card applications?

Re: Applied Bank is back

CreditCuriosity — Fri, 14 Aug 2015 01:31:12 GMT

@Anonymous wrote:
Well, I didn't see any personal cards in their website, except for "Pay your credit card" and "business visa card". Is there a different link for credit card applications?

nah think people are talking about the "business" card.. doubtful it is a business card with that low cl and outrageous fees

Re: Applied Bank is back

Anonymous — Fri, 14 Aug 2015 02:22:56 GMT

The only thing business about this card is them doing bad business.