topic Re: Applied Bank® Secured Visa® Gold Credit Card in Credit Cards

Applied Bank® Secured Visa® Gold Credit Card

2NE1 — Sat, 07 Jan 2012 21:50:41 GMT

Has anyone heard of or own this CC?

9.99% Low fixed APR
Monthly Credit Bureau Reporting.
Credit limit ranges from $200 to $5,000
Guaranteed approval when you sign up
NO credit checks

Membership Fees:

Annual $50

Monthly None

One-time Fees:

Account Set-up None

Program Fee None

Re: Applied Bank® Secured Visa® Gold Credit Card

Anonymous — Sat, 07 Jan 2012 21:53:23 GMT

I can almost guarantee you will not see that 9.99 apr

Re: Applied Bank® Secured Visa® Gold Credit Card

Odiseous — Sat, 07 Jan 2012 22:05:01 GMT

The first secured card I had, when starting to build credit, was from Applied Bank. I closed it 4 or 5 months after opening, when I found much better secured cards at my local credit unions.

The biggest issue I had with them, was the $6.95 "convenience fee", to make an online payment.

Re: Applied Bank® Secured Visa® Gold Credit Card

LS2982 — Sat, 07 Jan 2012 22:05:35 GMT

@Anonymous wrote:
I can almost guarantee you will not see that 9.99 apr

I don't like CreditOne Bank and they will be getting the axe this year as soon as my year is completed, I HATE paying interest from when the charge posts!

Re: Applied Bank® Secured Visa® Gold Credit Card

MarcinXP — Sat, 07 Jan 2012 22:51:50 GMT

I have this card and I like it for now. so let me give you in-depth review on it.

a) The website is little 90s..kinda something a child would built, however there is no fee for making payments, and they get posted rather quickly 24-48 hours.

b) APR is really 9.99% and no annual fee for the first year. THERE IS NO GRACE PERIOD FOR APR SO IT STARTS RIGHT AFTER PURCHASE. Now after 12 months there is a monthly maintenance fee like $9.95 a month so I will be cancelling this card on month 10 or 11.

c) THEY ONLY REPORT TO TU and EX..Not EQUIFAX. Just be mindful of that.

d) For some reason I cannot find an option to turn off receiving statement home...not sure why...but oh well let them send it.

e) Haven't had horrible customer service but not great either. Their IVR is too long and goes through like 3 or 4 messages about your account balance before it puts your through the live agent.

Overall it's a decent card with decent APR and No annual fee for first year. It got me off the ground and now I have CreditOne, 2 HSBC cards and Capital One. Overall I had it for 4 months and had no issues with surprise charges and fees..everything is laid out pretty nice, except the fact it looks like a website that was built by a graduate student that just started web hosting..LOL..

1 glitch I found...I made a payment the day after a statement once..so the day it showed NEW DUE DATE and MINIMUM DUE I made it and although it posted and showed...it did not reset it to show MINIMUM DUE $0...I called and they told me since they see it not to worry about it, but me being cautious I did it anyway two weeks later and it was good. Since then I wait at least a week after the new due date, Minimum due shows and it's fine...once again..website glitch..

Oh...and it took like 2 weeks to hear something back even though they took my money..but it's all good....once again great rebuilder..but that is about it...this will be getting cancelled before month 11 just so the maintaneance fees won't hit...by then my other cards will age and overall I onyl have $250 tied in it so my UTIL is not an issue.

Hope that helps.

Re: Applied Bank® Secured Visa® Gold Credit Card

LS2982 — Sat, 07 Jan 2012 23:18:00 GMT

@MarcinXP wrote:
I have this card and I like it for now. so let me give you in-depth review on it.

a) The website is little 90s..kinda something a child would built, however there is no fee for making payments, and they get posted rather quickly 24-48 hours.
b) APR is really 9.99% and no annual fee for the first year. THERE IS NO GRACE PERIOD FOR APR SO IT STARTS RIGHT AFTER PURCHASE. Now after 12 months there is a monthly maintenance fee like $9.95 a month so I will be cancelling this card on month 10 or 11.
c) THEY ONLY REPORT TO TU and EX..Not EQUIFAX. Just be mindful of that.
d) For some reason I cannot find an option to turn off receiving statement home...not sure why...but oh well let them send it.
e) Haven't had horrible customer service but not great either. Their IVR is too long and goes through like 3 or 4 messages about your account balance before it puts your through the live agent.

Overall it's a decent card with decent APR and No annual fee for first year. It got me off the ground and now I have CreditOne, 2 HSBC cards and Capital One. Overall I had it for 4 months and had no issues with surprise charges and fees..everything is laid out pretty nice, except the fact it looks like a website that was built by a graduate student that just started web hosting..LOL..

1 glitch I found...I made a payment the day after a statement once..so the day it showed NEW DUE DATE and MINIMUM DUE I made it and although it posted and showed...it did not reset it to show MINIMUM DUE $0...I called and they told me since they see it not to worry about it, but me being cautious I did it anyway two weeks later and it was good. Since then I wait at least a week after the new due date, Minimum due shows and it's fine...once again..website glitch..

Oh...and it took like 2 weeks to hear something back even though they took my money..but it's all good....once again great rebuilder..but that is about it...this will be getting cancelled before month 11 just so the maintaneance fees won't hit...by then my other cards will age and overall I onyl have $250 tied in it so my UTIL is not an issue.

Hope that helps.

Thise should be reasons for people to pass on this card. If you don't mind paying for it, go ahead!

Re: Applied Bank® Secured Visa® Gold Credit Card

CS800 — Sat, 07 Jan 2012 23:26:36 GMT

@2NE1 wrote:

Has anyone heard of or own this CC?

9.99% Low fixed APR
Monthly Credit Bureau Reporting.
Credit limit ranges from $200 to $5,000
Guaranteed approval when you sign up
NO credit checks
Membership Fees:
Annual $50 Monthly None
One-time Fees:
Account Set-up None Program Fee None

I've never seen an APR under 18% for a secured. I have seen as high as 25%

Re: Applied Bank® Secured Visa® Gold Credit Card

LS2982 — Sat, 07 Jan 2012 23:27:45 GMT

@CS800 wrote:
@2NE1 wrote:

Has anyone heard of or own this CC?

9.99% Low fixed APR
Monthly Credit Bureau Reporting.
Credit limit ranges from $200 to $5,000
Guaranteed approval when you sign up
NO credit checks
Membership Fees:
Annual $50 Monthly None
One-time Fees:
Account Set-up None Program Fee None

I've never seen an APR under 18% for a secured. I have seen as high as 25%

They can do 9.99% APR when their charging interest from the date of purchase.

Re: Applied Bank® Secured Visa® Gold Credit Card

CS800 — Sun, 08 Jan 2012 00:42:20 GMT

There's always a way they get you.

Re: Applied Bank® Secured Visa® Gold Credit Card

Anonymous — Sun, 08 Jan 2012 00:48:55 GMT

Hi.

This was one of my rebuilder cards when I first starting rebuilding my credit. Loved it. Hated the annual fee, so after my scores went up, I cancelled the card. But it served its purpose.

Another plus for Applied Bank: When I closed the card, and asked for my security deposit back, the agent told me it could take up to 30 days, but I had my money back within 7 business days. Sweet.

Overall, it's a good rebuilder card. It's kinda hard to find a secured card with no annual fee. They're out there though.

Re: Applied Bank® Secured Visa® Gold Credit Card

CS800 — Sun, 08 Jan 2012 00:50:26 GMT

The rebuilder card have high fees and generally high interest because:

1. You're high risk

2. They know they can do it since someone will need their card to rebuild.

Re: Applied Bank® Secured Visa® Gold Credit Card

MarcinXP — Sun, 08 Jan 2012 03:48:14 GMT

Miss Excellent Credit - How did you get your money back? Was it electronically back to the account you paid from or by manual check? Also when did you cancel if you don't mind me asking..was it recently and around what time..beginning of month, end of month...just checking..will be cancelling by May or June at the latest.

Re: Applied Bank® Secured Visa® Gold Credit Card

Anonymous — Mon, 09 Jan 2012 17:48:39 GMT

Marcin-

I got my money back electronically to my account, closed at the beginning of the month, and didnt have any problems. Hope that helps.

Re: Applied Bank® Secured Visa® Gold Credit Card

MarcinXP — Tue, 10 Jan 2012 01:07:32 GMT

One more question...did the money come back to your account that you paid out of...i want to close the checking account that i paid from, but if they only refund back to the original account then I can wait to close this out.

Re: Applied Bank® Secured Visa® Gold Credit Card

ShiningDown — Tue, 10 Jan 2012 02:06:20 GMT

HSBC secured card is 7.90 APR. No fees the first year and around 35.00 a year after that. I have the unsecured card which is 19.99 apr for me. Im pretty sure the secured has 2% back.