Platinum Zero® Secured Visa® Card from Applied Bank Review: Bad Credit Credit Cards


Rating:
Bottom Line:	0% APR on purchases is good for those who carry a balance; Experian and TransUnion credit reporting; maintenance fees are a bit high
Full Review:	Platinum Zero® Secured Visa® Card from Applied Bank is a secured credit card, a good choice for individuals who have no or limited credit history, or have past or current credit issues. In addition, it has an extremely low 0% APR for purchases and although it only reports to 2 credit bureaus and not all 3, the credit bureau reporting feature should still help your rebuild your credit history. Secured Credit Card Guaranteed by your funds, which act as a "security deposit" in case you default on the loan extended by the credit card company. Security deposit will be refunded in full if your account is up-to-date and paid on time when you close out your card. Looks and works like any other credit card, so it won't be apparent to others that this is a secured card. No credit check required, you just fund the card by depositing a minimum of $500 (and up to $5,000) into a FDIC-insured account. Helps Credit History Helps boost your credit history by reporting to Experian and TransUnion credit bureaus every month so you can establish or rebuild your credit. (note: does not report to Equifax) Looks like any other credit card on the credit reports - there is no indication that you have a secured card. If you make your payments on time, you can help improve your credit score with good payment behavior. Fees and APR No annual fee, but has $9.95 per month maintenance fee ($119.40 annually) Purchase APR: 0% APR on all purchases. Balance Transfer APR: balance transfers not permitted. Minimum deposit required is $500 and the maximum deposit is $5,000.

Card Details:

Purchase APR:	0% APR
Type of Card:	Secured Visa card for those with poor or no credit
Fees:	$9.95 maint fee/month ($119.40 annually)
Min. Secured Card Deposit:	$500
Helps Credit History?:	Reports to Experian and TransUnion credit bureaus every month

Disclaimer: This content is not provided or commissioned by the credit card issuers. Opinions expressed here are author's alone, not those of the credit card issuers, and have not been reviewed, approved or otherwise endorsed by the credit card issuers. This site may be compensated through the affiliate program of the credit card issuers.

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Platinum Zero® Secured Visa® Card from Applied Bank Review: Bad Credit Credit Cards

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