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Applied Bank® Unsecured Classic Visa® Card

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on Applied Bank's secure site

Applied Bank® Unsecured Classic Visa® Card

 

Rated 2/5 stars by our editorial team

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Your Rating:

3.6/5.0 from 5 Offer Ratings
Over the Past 60 Days!

(5) Over the Past 60 Days!

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on Applied Bank's secure site


  • Regular Purchase APR

    *See Terms

  • Intro Purchase APR

    N/A

  • Intro BT APR

    N/A

  • Typical Credit Needed

    549

    600

    660

    720

    850

  • Annual Fee

    *See Terms

  • Card Brand

    Visa®

Highlights

  • Click "APPLY NOW" to apply online
  • Reports to All Three Major Credit Bureaus
  • Access Additional Credit with On-Time Payments and Responsible Usage
  • Fixed APR and Manageable Monthly Payments
  • A true Unsecured EMV enabled (chip) Visa Credit card that does not require perfect credit for approval.

Card Fees

  • Foreign Transaction Fee

    *See Terms

  • Balance Transfer Fee

    *See Terms

  • Cash Advance Fee

    *See Terms

Additional Card Details

  • $0 Fraud Liability

    No

  • Auto Rental Insurance

    No

  • Extended Warranty Program

    No

  • Roadside Assistance

    No

  • Purchase Protection

    No

  • Travel Assistance

    No

  • Flight Accident Insurance

    No

  • Lost Luggage Reimbursement

    No

  • Concierge Service

    No


Expert Reviews

  • Regular APR

    2.0

  • Intro APR

    0.0

  • Fees

    2.0

  • Benefits

    2.0

  • Overall Rating

    2.0 /5

From the LendingTree.com Editorial Team

The Applied Bank® Unsecured Classic Visa® Card is a fair option for applicants in the lowest credit range who want a quick approval card that doesn't require a security deposit. Applied Bank reports to all three major credit bureaus and offers credit line increases, helping build your credit score.

The Bottom Line

With the card's fees amounting to more than half of the deposit of a typical secured credit card, along with its high APR, we think most applicants would be better off with a secured credit card. Still, if you are set on avoiding a security deposit, the Applied Bank® Unsecured Classic Visa® Card is a viable alternative for building credit.

The Good

The card has a few good features for cardholders trying to repair a damaged credit profile. Using your card responsibly should improve your credit score, since the card reports to all major credit bureaus, and Applied Bank offers credit line increases to cardholders with on-time payments.


There is no security deposit required, and Applied Bank promises fast, easy approval for the card. Also, you know up front how much interest you'll be paying: All approved cardholders are given the same APR, and since the card doesn't have a penalty APR, your APR won't increase due to a missed payment.

The Not So Good

That said, the APR for this card is extremely high, not to mention there's no grace period on interest. Credit cards typically give you a grace period of a few weeks to pay your bill before you owe interest on your balance. In the case of the Applied Bank® Unsecured Classic Visa® Card, you will accrue interest by the day on each charge you make.


Also, although the card doesn't require a security deposit, you'll pay a lot in fees: a set-up fee, an annual fee and a monthly maintenance fee. And if you opt for a credit line increase, you'll have to pay a fee for that as well.



Editorial Note: This content is not provided by Applied Bank. Any opinions, analyses, reviews, or recommendations expressed on this page are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by Applied Bank.

Expert Reviews of the Applied Bank® Unsecured Classic Visa® Card

  • Regular APR

    2.0

  • Intro APR

    0.0

  • Fees

    2.0

  • Benefits

    2.0

  • Overall Rating

    2.0 /5


Consumer Reviews 5 Reviews

Offer Rating

3.6 out of 5.0

5 Star
 
 
(1)
4 Star
 
 
(2)
3 Star
 
 
(1)
2 Star
 
 
(1)
1 Star
 
 
(0)

Your Rating

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