Applied Bank secured card (Article Sample)

Applied Bank Secured Card Review
Like the name suggests, a secured card is secured or guaranteed against a certain amount of money deposited with card issuer and kept in a separate account. You cannot withdraw the security sum as long as the credit card account is still active. Once the account is closed, you can apply for a full refund, as long as your credit account is fully settled. Otherwise, the security sum or part of it may be used to settle any outstanding bills on your credit card account. Applied bank is one such institution offering both secured and unsecured credit cards in the USA. As a Bankrate.com "five star" rated bank, the Applied Bank Secured Card should be as good as any in the world.
Overview
The Applied Bank Secured Card is an ideal package for shoppers with no credit or poor credit scores, looking for great deals and low rates. The Platinum Zero® Secured Visa Credit Card is one of the most attractive credit products from Applied Bank, with fixed Annual Percentage Rate (APR) on purchases(at 0.00%), and cash advances (at a fixed low rate of 9.99%). However, the card has a monthly maintenance fee amounting to $119.40 annually, which some shoppers may consider rather high. Other secured cards from this bank include the Secured MasterCard
Advantages
However, some credit cards offering zero annual fees attract high hidden interest charges, which can go as high as 20%. Applicants should carefully research, analyze and compare each credit card offer before committing, especially the hidden charges. Applying for and judiciously utilizing Applied Bank Secured Card is a good starting point to redeem a bad credit history and improve your credit score. You can easily apply for the credit card online. Other advantages offered by these cards include:
* Online access to credit and premium payment
* Wide variety of secured cards
* Easy application and access-extensive disclosure not required
* Long term Annual Percentage Rate allowing for low p...