The Applied Bank Secured Credit Card and Assent Platinum Card are two of the most popular credit cards for people with bad credit. If you are looking to rectify or rebuild your credit score, these credit cards should be considered because of their numerous features. But again, they also come with their own set of disadvantages. Depending upon your purchase habits and present credit score or the lack of it, you should be able to draw a comparison of their pros and cons and make a decision in time.
Have A Look At The Expert Applied Bank Secured Credit Card Reviews
•The Applied Bank secured credit card is secured with a minimum deposit of $200
•It also has a $48 fee which is relatively higher as compared to other similar financial instruments in the market
• The annual percentage rate of this card is 9.99 % which is more or less fixed
The numerous benefits that you are going to enjoy with this credit card for excellent credit are as follows:
•Build Your Credit Easily
This card is going to report to all the three major credit bureaus such as Equifax, Experian and TransUnion.
•Low APR On Purchases
The 9.99 % annual percentage rate is quite affordable
•Credit Line
You can increase your credit line with every additional deposit that you make. The maximum deposit that you can make is $1000 which can be increased to $5,000 if your application is approved.
•Mobile Banking
There is also an easy mobile banking feature that you get with this credit card. You can access your online account using your mobile or calling tablet.
• Guaranteed Approval
This is a guaranteed approval credit card for bad credit. There is no credit check and all the bank is going to do it simply verify your identity, residence and your ability to pay the bill on time.
Now Let Us Have A Look At The Various Opinions And The Assent Platinum Card Reviews
•This credit card is also a secured credit card and the minimum amount that you will have to deposit to acquire it is $200.
• The best part is that there is a 0% annual percentage rate on all your purchases for the initial 6 months. After that this rate is going to expire and the ongoing APR henceforth that will be 12.99% which should be considered.
•This credit card also reports to all the three major credit bureaus such as TransUnion, Experience and Equifax.
• This credit card for bad credit is not available in certain states such as Arkansas, Iowa, New York and Wisconsin.
•Foreign transaction fee is a feature of this secured credit card for bad credit that might discourage you from considering this financial instrument. You will have to pay 3% fee on every foreign transaction that you make.
• The annual fee of this credit card is going to be $49 which is again a bit higher as compared to alternate options available in the market.
•Experts will advise you to avoid any cash advances because they do not come with a grace period on the interest. This means that you will start accumulating interest as soon as you make any cash advances. Also the APR on the cash advances is 18.99% (variable)
The issuer of this credit card is the Synovus Bank which is well known to offer several financial instruments to people who are looking to rebuild their credit with a guaranteed approval credit card. They have made the entire application and qualification process for this credit card relatively easier. So, all in all it will be easy for you to qualify for this credit card even if you do not have any credit score in your name. These were some opinions and reviews by experts and genuine credit card holders that have come to the fore. You should be able to make a decision soon based on this information.
