​Establishing or repairing credit is no small feat, but the Applied Bank® Secured Visa® Gold Preferred® Secured Credit Card proposes to simplify the process.

With assured approval and a competitive fixed APR, it appears to be a viable choice.

This review will dissect its offerings, shedding light on both its advantages and limitations to guide your decision-making.

After all, it is very important to understand everything about the credit card before applying. This is due to the fact that there are many cards available, and it will stay with you for years to come.

Applied Bank® Secured Visa® Gold Preferred® Credit Card Key Features

Among the biggest advantages of this card is the fact that it is a virtually guaranteed option for everyone who applies for it because the card has no minimum credit requirement required and does not do any kind of previous credit checks.

In addition, the card also uses a very low APR compared to other similar products. In addition, it is possible for you to choose your credit limit, all based on your security deposit, which will be done initially. Furthermore, the annual fee charged is low compared to other cards that do not do credit checks. 

Finally, the card can also be a great advantage for people who want to use it when establishing or rebuilding their credit. For example, people who went through financial difficulties and became indebted. And now they want to rebuild their credit history. Or even people who are starting their financial lives now.

As we said earlier, this card is famous precisely for not having many requirements to provide the credit card.

However, there are some minimum requirements that you need to meet in order to have your application approved.

First, it is important that you are of legal age, that is, 18 years or older to complete any type of financial transaction.  

However, in addition to the minimum age requirement, you will also be asked to provide some proof of income to prove your credit card payment capacity.

And finally, one of the last requirements is residency verification. For this, you must present valid proof of residence from the last 3 months on your behalf. In that case, you can present a bill for electricity, water, gas, etc. 

As mentioned above, we are currently providing a good Credit Card Review. For this, we need to present not only the advantages but also the disadvantages.

In the case of the preferred Visa Gold credit card, guaranteed by the applied bank, there is the great disadvantage of charging an annuity.

That is, you will need to pay an annual fee to use the card, even if you are not actually using it. In addition, this card may also have slightly higher rates and fees than traditional ones and does not have rewards programs.

This means that you will not be part of any type of points and rewards program, where you will earn a part of the amount spent to exchange for products and discounts later.

Which is a program often offered by other types of credit cards, which can be a big disadvantage in the long run. 

One of the biggest advantages of this card is that no credit history check is required, making the application process incredibly simple. To apply, you only need to provide a document with your full legal name, along with a contact address, phone number, and email.

Since this is a secured credit card, you will also need to provide proof of income. This ensures the bank has a guarantee that you have the financial means to pay your bills on time.

Building your credit is made easier with this card, as no credit check or minimum credit score is required—unlike other institutions that may have stricter criteria. To apply, simply follow these steps:

Because this is a secured credit card, approval is nearly automatic as long as you meet the basic requirements. After completing the application and submitting your deposit, you just need to wait for your card to arrive.

Once received, you can activate it and begin using it to build your credit.

The Applied Bank® Secured Visa® Gold Preferred® Credit Card is a solid choice for those looking to rebuild or establish credit. With guaranteed approval, no credit check, and a low fixed APR, it provides a straightforward path to improving your credit score.

While it lacks rewards and comes with an annual fee, its security deposit-based structure makes it a reliable option for those with limited credit history.

If your goal is to build credit responsibly while keeping interest rates low, this card could be a great fit.

If you’re not convinced that the Applied Bank® Secured Visa® is the right choice for you, consider the Upgrade Triple Cash Rewards Visa® as an alternative. Unlike secured cards, this one doesn’t require a security deposit and offers cashback rewards on everyday spending, making it a great option for those who qualify.

With the Upgrade Triple Cash Rewards Visa®, you can earn:
✔ 3% cashback on home, auto, and health purchases
✔ 1% cashback on all other purchases
✔ No annual fees and a competitive APR

Want to learn more? Check out our full review of the Upgrade Triple Cash Rewards Visa®