Applied Bank® Secured Visa® Gold Preferred® Credit Card best for 18 year old
- Issuer name:Applied Bank®
- Details:
The Applied Bank® Secured Visa® features a fixed-rate 9.99% APR on purchases.
The Applied Bank® Gold Preferred® Secured Visa® Card charges several fees in addition to the $48 annual fee. Fees include an up to $38 late payment fee, an up to $38 returned payment fee, a $30 stop payment fee, a $12.95 fee for each optional payment, a $30 fee for additional or replacement cards a $50 reinstatement fee, and a 3% foreign transaction fee.
- Pros:
- Extremely low regular APR
- No penalty rate
- Guaranteed approval
- Increase your credit limit
- Cons:
- No rewards system
- A lot of fees
- Can’t upgrade to an unsecured credit card
- No grace period
- Benefits:
- Reports to All Three National Credit Bureaus;
- Zero Fraud Liability;
- Refundable Security Deposit;
- Global acceptance;
- Emergency card replacement and cash disbursement.