Applied Bank offers a competitive secured credit card to consumers with no credit at all and to ones who have little to bad credit. An outstanding feature of Applied Bank secured credit card is that it comes with a low fixed interest rate. More than that, the bank promises to keep this ongoing interest rate low even when a cardholder is late with a payment. This makes the Applied Bank card attractive to those who haven't acquired the habit of paying fees on time or those who carry balances from month to month.

As all secured credit cards, the Applied Bank secured credit card requires a security deposit. The deposit can be of any amount form $200 and up to $1,000. However, this doesn't mean your maximum credit limit can only be $1,000. You will be able to increase your credit limit up to $5,000 by adding additional deposits anytime you wish. The deposit you open is FDIC insured and will be refunded to you when you pay off and close your Applied Bank credit card.

Applied Bank issues as Visa® credit cards as Mastercard® credit cards and their secured card is a Visa labeled credit card. Visa will provide you acceptance anywhere around the world. Applied Bank will report your credit card payment activity to the major credit bureaus, thus allowing you to build and improve your credit history.