Do you have an impeccable credit history?  Are you one of those people who has found a way to make every payment on every debt on time each and every month?  Is your FICO score so high that banks are tripping over themselves to give you loans with ridiculously low interest rates?

If that’s you, stop reading.  You don’t need the Applied Bank Secured Visa Gold Card.

The Applied Bank Secured Visa Gold Card is specifically designed for those of us who haven’t always managed our credit and our money wisely.  It’s a secured card option for people with weak or downright poor credit histories.

In short, it’s the kind of card you want when you need to find a way to put a piece of plastic in your wallet or to rebuild your credit after several mistakes.  When you apply for an Applied Bank Secured Visa Gold Card, you don’t need to worry too much about approval.  You’re going to provide exactly what the bank needs to give you that card–cash.

You see, the Applied card is issued only after you make a bank deposit of $200 or more.  Applied will give you a credit limit equal to the amount of your deposit, up to a whopping $5,000.  They’re willing to believe that you’ll make your payments in order to improve your credit score, but if you don’t, they’ll have access to those collateral funds in the FDIC-protected account to cover things.

The Applied Bank Secured Visa Gold Card isn’t just friendly in terms of acceptance for bad credit borrowers.  It’s also friendly in terms of its fees and charges.  There’s an annual fee of $50.  They’ll also charge you if you accidentally spend over your limit or if you’re late with your payments.  If you start making foreign transactions, you’ll be hit with an extra 1% fee.  Unlike many secured card options, Applied doesn’t charge an application or set up fee.

Interest begins accumulating on purchases immediately, but this little wrinkle is more than made up for by the amazing interest rate of the Applied Bank Secured Visa Gold Card.  The card comes with an eye-popping 9.9% APR interest rate.  That’s right, the interest rate is under 10%!  That’s a better rate than many people with those nice high FICO scores are able to get as preferred customers with other card companies.

To sweeten the pot, Applied provides additional services to its customers.  They offer online account access and fraud protection–traits not usually associated with sub-prime cards.

Hey, not everyone is perfect.  For every person out there who has done a great job of managing his or her credit from day one, there are others who have made mistakes.  It’s understandable that credit card companies would be reluctant to give their best cards to people who haven’t made payments on time (or at all) in the past.  However, there’s no reason that past credit goofs should stand in the way of having a real Visa card.  And there’s no reason why someone who has had problems shouldn’t get a chance to rebuild his or her credit.

That’s what the Applied Bank Secured Visa Gold Card is all about–second chances.  What separates it from the rest of the secured card pack is the fact that it hands out those second chances without treating cardholders like second class citizens.  With a great interest rate, added services and a 100% credit match against your bank deposit, it’s hard to beat this card if you need help getting your credit on the right track again.