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Digital News Report – Although the amount of revolving credit is declining, the necessity for a credit card from time-to-time is still there. Americans still need credit cards to rent cars, reserve hotel rooms and to make online purchases.
Credit cards are different from pre-paid credit cards and debit cards. Users of a credit card can improve their credit score by making on-time payments over time.
The Applied Bank® Secured Visa® Credit Card will allow users to make reservations and online purchases. Applied Bank allows cardholders to choose their credit limit, from $200 up to $5,000.
The Applied card is designed for people with poor or bad credit scores. This credit card could also be for those customers with no credit-histories and could apply. It is not a debit card or a prepaid card, but instead it is a genuine Visa credit card.
The interest rate is 12.99% APR and will not change even if the cardholder makes a late payment. Always make sure to read the terms of the credit card when applying, which could change.
Other things to watch for when applying for a credit card online, include the annual fee, late fees, and if there any promotional rate.
By Tina Brown