Platinum Zero™ Secured Visa® Credit Card
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Overall Rating 0.0
Benefit Rating3.0
About Ratings
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Apply Now | BALANCE TRANSFERS | INTRO RATE | APR (PURCH) |
APR (CASH) |
ANNUAL FEE | ||
|---|---|---|---|---|---|---|---|---|---|
| Rate | Duration | Rate | Duration | ||||||
| N/A | N/A | N/A | N/A | N/A | 9.99% | $0 | |||
Key Features:
- ZERO - 0% FIXED APR on Purchases - No Intro Rates!
- ZERO - 0% Rate Wont Change - Even If Youre Late!
- ZERO Turn Downs - Guaranteed Approval*
- ZERO Credit and Income Requirements
- ZERO Application Fees
- ZERO Hassles - Just Choose Your Credit Limit Up To $5,000*
- ZERO Worries - FREE Personal ID Theft Protection
- ZERO Delays - Timely CREDIT Bureau Reporting!
Rates and Fees
| Card Type | Visa |
| Introductory Rate Offer | n/a |
| Card Status | Platinum |
| APR for Purchases | 0% |
| APR for Cash Advances | 9.99% |
| Annual Fee | 0% |
| Annual Fee for additional cardholders |
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| Grace Period | None |
| Minimum Credit Limit | |
| Maximum Credit Limit | |
| Late Payment Fee | $32 to $35 |
| Over the Limit Fee | $32 or $35 (if your credit limit is greater than $1000) |
| Cash Advance Fee | The greater of $5.00 or 5% of each Cash Advance which includes, but is not limited to, ATM and convenience check usage. |
| Balance Transfer Fee | n/app |
| Credit Rating | Poor |
Rewards Information
| Points per Dollar Spent | |
| Additional Points | |
| Miles per Dollar Spent | |
| Additional Miles | |
| Additional Perks | See website for additional benefits. |
Important Notations:
Credit bureau reporting. See website for complete terms and conditions of card usage and application disclosure.Platinum Zero™ Secured Visa® Credit Card
Issued by VisaMost Attractive Feature(s): Timely credit bureau reporting; No application fee
Least Attractive Feature(s): Minimum deposit; monthly fee
Description
The Platinum Zero™ Secured Visa® Credit Card is a secured card issued by Applied Bank®. With no credit or income requirements, this card is designed for those with limited or poor credit history. The major benefit of this card is the fixed APR of 9.99% for cash advances, which is reasonably low for a secured card. There is a $500 minimum deposit required, a $5,000 maximum, and a fee of $9.95 per month. Unlike most secured credit cards, this card provides additional services and benefits, including online account access and various fraud protection services. It is important to note that a major drawback of the card is that there is no grace period for purchases. This means that interest will be applied immediately to any charges made with the card. A downside is that this card does not pay interest to the deposit amount, which sets it apart from other secured cards that do. Those who can afford the $500 minimum deposit and do not mind accumulating finance charges once a transaction is posted will benefit most from the very low rate that the Platinum Zero™ Secured Visa® Credit Card has to offer.
Updated: Oct 19 2009 3:53PM