Applied Bank Unsecured Credit Card  
Avoid the Applied Bank Unsecured Credit Card - Do Not Get Scammed


Unsecured Credit Card for Bad Credit :: Applied Bank Unsecured Credit Card

If your looking for an unsecured credit card to build or rebuild credit with, you should avoid the Applied Bank unsecured credit card.

The Applied Bank unsecured credit card has a high interest rate, a high annual fee and while there are no monthly fees the first year, they sock it to you with $15 per month fee the second year. Your initial credit will be reduced to $375 when the annual fee is assessed.

The Applied Bank unsecured credit card is nothing more than a high interest/high fee credit card designed to get your money. If your serious about rebuilding your credit and are ready to get started, you should avoid Applied Bank unsecured and get the Orchard Bank Classic MasterCard instead. Compare below and you will see the difference.
 

  Applied Bank Unsecured Card Orchard Bank MasterCard
Initial Credit Limit $500 N/A*
Interest Rate 29.99% 14.99% - 24.99% (variable APR)*
Annual Fee $125 $39 to $59*+
Processing Fee None Up to $59*
Account Set Up Fee None None
Program Fee None None
Monthly Maintenance Fee $15 (starts 2nd yr) None

Total Initial Fees

 Up to $125 Up to $118
Annual Fee $125 $39/$59*+
Monthly Participation Fee $15 (starts 2nd yr) None

Total Ongoing Fees

 $305 $59*

Recommendation

 Do Not Apply

When looking for a bad credit credit card, most consumers assume that they have to settle with what is offered to them and this assumption can cause you to sign up for a credit card that is financially dangerous and a border line scam. Cards such as the Applied Bank unsecured credit card act like they are doing you a favor and instead are putting you and your personal finances at risk.

As you can see, the Applied Bank unsecured credit card is an expensive card to carry if you have bad credit. Not only is the interest rate very high, you pay $125 in annual fee just to get the card and the ongoing fees to carry the Applied Bank unsecured credit card are absolutely staggering. The annual and maintenance fees alone will eat up $305 of your $500 credit limit. This is extremely dangerous and could cause you to become over your head financially due to the possibility of quickly going over your credit limit and being hit with even more fees by way of over the limit fees.

The Applied Bank unsecured credit card is financially dangerous and should be avoided at all costs. As you can see by the comparison chart above, the Orchard Bank Classic MasterCard is the better choice and a better option for those needing to build or rebuild credit. There are not as many fees and the interest rate is respectable and the annual fee is low. You can more information about the Orchard Bank MasterCard here and if you need to build/rebuild your credit you should apply now. The application process is quick and you will get an answer within 60-90 seconds. Apply Now
* It is our goal to offer you the unsecured credit card that best fits your credit profile, which may or may not be the card you originally inquired about. You may be offered a secured card or an unsecured credit card, and with different terms and conditions which will be disclosed before your application is processed. The initial credit limit, interest rate and all fees are based upon your credit worthiness.

+ Annual Fee is determined by your credit worthiness and is $39 or $59 the first year, or $0 - $49 Introductory the first year, then either $35 or $59 per year thereafter.

The information provided about the Applied Bank unsecured credit card is derived from directly their site and is believed to be current at the time of publishing. You may need to verify the current rates and fees by visiting their site, as they may have changed.

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