The Applied Bank® Gold Preferred® Secured Visa® Credit Card offers a low fixed APR but comes with numerous fees and no grace period, making it a less attractive option for rebuilding credit. While it promises guaranteed approval and no credit check, the lack of an upgrade path to an unsecured card and the potential for high credit utilization could harm your credit score. Consumers should consider cards with no annual fees and an option to transition to an unsecured card for better long-term benefits.
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