Fixed 0% APR From Applied Bank Platinum Zero Secured Visa Credit Card – What’s The Catch?Ivan Danielupdated Aug 05, 2015TweetAt GET.com we maintain complete editorial integrity on our content & provide transparent & unbiased information. Companies don't pay us to include their products although we receive a compensation when you successfully apply to products from our partners. See how we make money here.At GET.com we maintain complete editorial integrity.Review of: Platinum Zero® Secured Visa® Credit Card from Applied Bank®Our Rating:3.60/5 StarsThis card offer is no longer available on GET.com! However, click here to check out the best Credit Cards for Bad Credit.Before you apply for this card, read this!Have a bad credit score or don’t have any credit history, and are looking for a credit card? The Platinum Zero Secured Visa Credit Card from Applied Bank is a secured credit card for people with bad credit or no credit who want to enjoy a 0% fixed APR on purchases. However, there is a catch! Read on to find out what it is.Here I will do a detailed review of the Platinum Zero Secured Visa Credit Card from Applied Bank, one of the many credit cards for bad credit in the US, and tell you what you should be aware of!Things We Like About This Card0% fixed APR on purchases. This is one of the best features of this card. You will have 0% fixed interest rate for purchases and even if you are late with your payments, the rate won’t change. Note that this is not an introductory APR. Low fixed APR of 9.99% for cash advances.You will have a low fixed APR of only 9.99% for cash advances if you don't repay in full what you withdraw from the ATM.Choose your credit limit. This card offers you the choice of choosing your credit limit from $500 to $5,000. As this is a secured credit card, you will need to put a deposit equal to the credit limit you choose. So if you put $500 as a deposit, your credit limit will be $500, or if you put $5,000 as a deposit, your credit limit will be $5,000. Your deposit account is FDIC insured. FDIC stands for Federal Deposit Insurance Corporation. In this case, since Applied Bank is FDIC insured, even if it fails or declares bankruptcy, you can still get back the money that you put as a deposit as that is insured by the US government.This card reports timely to credit bureaus. This is an advantage to you since it means that if you have been diligent in paying on time and not going over your credit limit, your credit score will start increasing and you can later enjoy the advantages of having a better credit score.Free personal identity theft protection. So that you feel more secure, this credit card offers you personal ID theft protection.No application or account set-up fees. You don't have to pay anything to apply to this card.$0 fraud liability. If there are any unauthorized transactions on your card, you won't have to pay anything for them.This credit card is accepted in most places worldwide. Even though you may be using this credit card to improve your credit score or simply using it because you can’t qualify for other credit cards, you will still be able to take advantage of the fact that it is an actual Visa (V) credit card which you can use almost anywhere worldwide where Visa is accepted. So this comes in handy when you want to secure a car rental or hotel reservation, or use it in shops and restaurants.Our Least Favorite Things About This CardVery high monthly maintenance fee. You will have to pay a monthly fee of $9.95, which is, in other words, an annual fee of $119.40. This is a very high annual/monthly fee to pay just so you can use the card!Our Verdict:The Platinum Zero Secured Visa Credit Card from Applied Bank is designed for people who have bad credit or no credit, and since it reports your card activity to credit rating agencies, it helps build your credit history. This card lets you enjoy a 0% fixed APR on purchases and a relatively low 9.99% fixed APR on cash advances, which could be useful if you plan on buying something and then paying it back over a period of time. What we dislike the most about this card is that it comes with a very high monthly maintenance fee which amounts to $119.40 annually!This card offer is no longer available on GET.com! However, click here to check out the best Credit Cards for Bad Credit.Would you prefer a credit card that is actually issued by Capital One, an international bank? Then click here to view the details of Capital One® Secured MasterCard® (read our review of Capital One® Secured MasterCard®), one of our best rated credit cards for bad credit.See more Applied Bank credit cards.Ivan Daniel is a writer at GET.com a lifestyle and personal finance website. Email: email@example.com.Editorial Disclosure: Any personal views and opinions expressed by the author in this article are the author's own and do not necessarily reflect the viewpoint of GET.com. The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author's alone, not those of the companies mentioned, and have not been reviewed, approved or otherwise endorsed by any of these entities.