Digital News Report – The economic crisis combined with new credit card rules has made it more difficult for people with bad credit to qualify for a credit card. There are options available for people with bad, poor or even no credit history.
The new Applied Bank® Secured Visa® Credit Card is designed for people with poor credit, bad credit or no-credit. If customers make their payments on-time they can improve and establish a good credit score.
But the good news does not stop there. The fixed annual percentage rate (APR) is a low 12.99 percent. The bank says this rate will not change even if you are late on a payment.
The Applied Bank Visa is a real credit card, not just a debt or pre-paid card. Your payments are reported to the credit bureaus. This means that if you make your payments on-time, your credit score will reflect it.
Applied Bank says you can choose your credit limit. This is a “secured card”, so you will need to deposit between $200 and $500.
See the bank website for more information.
By: Tina Brown