These include: A one-time setup fee of up to $75. Merrick $700 . See If You Are Pre-Approved Within Minutes. This card is sometimes referred to as the "Double Your Line Visa," because it offers the opportunity to double your credit limit if you pay on time for the first 7 months the account is open. Note: Interestingly, you can only apply for their secured Visa card through their website. Merrick Bank Secured VISA Card. You can receive the card with an initial security deposit of $200. Regular APR: 17.45% Variable. The Merrick Bank Secured Visa® from Merrick Bank gets fair to good reviews from its cardholders, with many customers claiming the bad reviews are coming from people who don't understand how credit works. No security deposit required. Merrick Bank Double Your Line™ Secured Visa® - Apply ... Best Mastercard® Credit Cards Enjoy the Freedom of a Merrick Bank Visa ® Card by Accepting Your Offer Today! Up to $12 per additional card. Merrick $700. Merrick Bank Secured Visa credit card review. This is a secured card, meaning that applicants will be required to provide a deposit that will serve as their credit line. Compare Card. I figured I would apply for the Merrick and then close down the Opensky. Box 1442 Draper, UT 84020-1442 Compare. Yes, the Merrick Bank Secured Card can graduate to a partially-unsecured account if you use the card responsibly for at least a year. Merrick Bank SECURED may be a bad idea but the unsecured with the auto double CLI is a quick way to boost your score without a lot of work. I got my PIN number mailed to me 3 weeks later but no card came, I called and they cancelled the first card and sent a new one, it arrived 10 days later. Merrick will provide approved cardholders with an initial credit line of $550 to $1,200, which will be doubled if you make your first seven payments on time. Merrick Bank Double Your Line™ Platinum Visa® Credit Card. 9.99% Low Fixed APR - Your Rate Won't Go Up Even if You Are Late. Most people seem to receive an offer by mail. Then, if you qualify, double your credit line to $400 without making another deposit. And the cost savings don't end with the $0 annual fee — it also waives charges for foreign transactions, card replacements, and authorized users. Merrick Bank Double Your Line™ Platinum Visa® Credit Card. Using a secured card to rebuild your credit is a tried-and-tested way to make the jump from a poor credit score to good credit. Like most credit cards targeting people with bad credit, expect high fees. The requirement for approval is pretty low for the secured card. Visit the Merrick Bank Double Your Line™ Platinum Visa® Credit Card website. Merrick Bank Secured Visa® from Merrick Bank. Merrick Bank Double Your Line™ Secured Visa®. Almost certain that if I apply it will be a instant denial. Late payment fee: Up to $40. Indigo:$300 (these clowns don't give increases and this card charges me an annual fee, they were the first to give me a card though, ah the joys of subprime credit cards). Merrick bank sent me an offer for an unsecured card w/ a $500 limit and will boost the limit to $1,000 once I make 7 on time payments. Credit Card Log In Log in here to manage your loan or click here to continue your application. That would give me the following cards: NFCU - $700 . Issuers rationalize this by noting the risks they take, even while offering credit cards to folks with less-than-perfect credit. Look for a card with no annual fee first. One standout feature, however, is that your credit limit will double to $400 after you make at least the minimum payment for each of the first seven months after opening an account. While no credit card application has a . The Platinum Visa is Merrick Bank's only unsecured credit card. *You can double your credit line by making at least your minimum payment on time each month for the first 7 months your account is open. The Merrick Bank Double Your Line™ Platinum Visa® Credit Card is an unsecured card, meaning no security deposit is required. And obtaining a better credit score is important for saving money on loans, landing a job, and even getting cheaper insurance, among other things.. Before applying for one of these cards, be sure you understand the fees you'll be charged, which may be considerable. That is a LOT faster than most cards! PLEASE SEE THE "AGREEMENT TO ARBITRATE DISPUTES AND CLASS ACTION WAIVER" SECTION BELOW FOR ADDITIONAL DETAILS. The Discover's it Secured credit card, meanwhile, offers 2% cash back on gas and restaurant purchases and carries no annual fee. Regular Purchase APR 19.45% to 28.45% variable based on creditworthiness and the Prime Rate. Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit. Merrick Bank Corporation gets and A+ from the Better Business Bureau and 3.5 stars out of 5 from Consumer Affairs. $0 Annual fees. The Merrick Bank Double Your Line™ Platinum Visa® Credit Card comes with a lot of fees for a card that has little to offer outside of credit building. By definition, you won't be required to pay a security deposit like you would with a secured credit card. The Merrick Bank Secured Visa Card is a decent secured credit card with a reasonable annual fee. Reward$200 Minimum Deposit: Many secured cards require minimum deposits of $300 to $400, which means the Merrick Bank Secured Visa Card is less taxing on your finances and thus more accessible. Use Anywhere Visa is Accepted. G-16688 04/17 1. Double your credit line - Make at least your minimum payment on time each month for the first 7 months your account is open. If you consistently make transactions on the card and repay the amount on time, you can build up a good credit score within one year and have your credit limit raised. Credit lines range from $500-$1,350 which double to $1,000-$2,700 after your account qualifies. The Merrick Bank Double Your Line™ Platinum Visa® Credit Card carries a sizable number of fees for a credit-building card. If you apply for a credit card, the lender may use a different credit score when considering your application for credit. Merrick Bank unsecured credit card offers usually come by mail or email as an invitation to apply, but you can also pre-qualify for them online. The Merrick Bank Platinum Visa doesn't require a security deposit because it's an unsecured credit card. However, the Merrick Bank DoubleYourLine keeps the options of unsecured cards open for you even when your credit history is in bad shape. The Merrick Bank Double Your Line Visa Credit Card is one of the best credit cards for those of you with bad to fair credit. There is also no monthly maintenance fee or one-time application fee. Card arrived 6 days after approval. First Access Visa® Card. Not enrolled? The Merrick Bank Secured Visa® Credit Card is an enticing way to build credit and take the first step towards an unsecured card at the same time. The Merrick Bank credit card is good for people with no credit or a poor credit score. Regular APR: 9.99% (V) Annual Fee: $49. Upgrade Visa® Card with Cash Rewards. Alternatively, you can always apply online for a secured credit card without any invitation from Merrick Bank. No security deposit required. After 9 months, we review your account for a credit line increase. See if you are pre-approved within minutes, without affecting your credit score. To check your Merrick Bank Secured Visa Card application status, call (800) 204-5936. Best Secured Credit Cards of December 2021 : OpenSky® Secured Visa® Credit Card - No credit check necessary to apply - OpenSky believes in giving an opportunity to everyone; Surge Secured Mastercard® - Fast and easy application process; results in seconds Merrick Bank Double Your Line™ Secured Visa® - Unlike a debit card or a pre-paid card, it helps build your credit history. Billed $3 per month thereafter. Check your balance, make a payment, set up email alerts, and more. Got instant approval w 640 Vantage (640 Trans / 650 Equi, from scores here on CK). Applied Bank® Unsecured Classic Visa® Card. on Merrick Bank's secure site. I know it has high interest rates and an annual fee. In 3 months apply for a CLI on the NFCU card and in 7 months my Merrick Card doubles. Double your credit line by making at least your minimum payment on time each month for the first 7 months your account is open. You can increase your credit line at any time by adding additional money to your security deposit, up to $3,000. It is a no-frills card, featuring $0 fraud liability and an initial credit limit of up to $1,000. This gets billed off your deposit after the first year. Merrick Bank Secured VISA card has a $36 annual fee. No security deposit required. Put down $200, which becomes your credit line. Intro BT APR N/A. Our Lowest APRs. Activate Today with a $200 Minimum Deposit - Maximum $1,000. Merrick Bank Visa Classic or MasterCard. Credit Line: $2,000. . Say you deposit $500, well it will drop to $464 once a year is up. NOTHING like Credit One. You already know you won't get a CLI for 6-7 months and all you have to do is put like your Netflix on there, pay it off, and you get double your previous score no matter what. For example, most of the mainstream banks have no annual fee cards. Double your credit line by making at least your minimum payment on time each month for the first 7 months your account is open. Apply Now. As always, I am opposed in almost all cases to credit cards with an annual fee, so this should be considered a credit card of last resort. See Details Credit Recommended: See website for Details*. Learn More. The Merrick Bank Secured Visa Card gives people with imperfect credit more spending power than many secured cards, with the ability to secure an initial credit limit as high as $3,000. Merrick Unsecured - PreQual Link. US Bank Secured - $300. Initially was denied online but then it showed up as a open account on my Credit report. * See the online bank credit card application for details regarding terms and conditions for offers. Billed $3 per month thereafter. Thank you from all of us at Merrick Bank! Minimum Payment: All past-due amounts, any Annual Fee billed monthly, any Additional Card Fee billed monthly plus the greater of the following amounts: (i) 1% of your New Balance plus Late Fees, Cash Advance Transaction Fees, Over Limit Fees, Returned Payment Fees, and Interest Charges billed during the . The Merrick Bank Platinum Visa® Credit Card is an unsecured credit card, which means you do not need to put down a security deposit in order to access a line of credit. Credit lines range from $500-$1,350 which double to $1,000-$2,700 after your account qualifies. 3.3/5.0. Credit lines range from $500-$1,350 which double to $1,000-$2,700 after your account qualifies. Credit Needed Limited/Bad/Poor. To apply for a regular, unsecured credit card from Merrick Bank, you have to have received an offer from the company. A poor credit profile typically means your credit card options are very limited. My initial CL was $750 @ 24% APR. For the Double Your Line Secured Visa Credit Card, you don't need to deposit more money to double your credit line. When you click on the "Apply Now" button, CreditWeb Will connect you to the offer, then the page will be redirected in a few seconds. 3. With that said this is a Pre-Approval vs a Pre-Quallfied offer that I had with Cap1 and AMEX that were both denied. However, the Merrick Bank DoubleYourLine keeps the options of unsecured cards open for you even when your credit history is in bad shape. Double your credit line by making at least your minimum payment on time each month for the first 7 months your account is open. The Merrick Bank Secured credit card graduation process is not exactly traditional.While many credit card issuers will upgrade a customer's account from a secured card to an unsecured one after using their card responsibly for at least a year, it's a bit more complex here. Merrick Bank will report your account activity to the three major credit bureaus, so using the card responsibly can help you potentially qualify for unsecured cards—including ones that offer . No security deposit required. The Double Your Line™ card means you can double your credit line by making at least your minimum payment on time each month for the first 7 months your account is open. Doubles your CL after first 3 on-time payments. Be prepared for a high APR and fees that include an annual fee as well as fees for monthly maintenance, cash advances, foreign transactions, expedited phone payments, additional cards, and a returned or late payment. If you don't like what you hear, you can inquire about the reason they denied your application by sending a mail to the following address: Merrick Bank Credit Department P.O. I figured I would apply for the Merrick and then close down the Opensky. You can have a limit of anywhere from $300 to $5,000 with a US Bank Secured VISA card. Our Review ». First Access Visa® Card. First Progress Platinum Prestige MasterCard® Secured Credit Card. Knowing the key differences and similarities between secured and unsecured credit cards can help you choose the one that's right for you. See additional details for Applied Bank® Secured Visa® Gold Preferred® Credit Card. Merrick Bank offers unsecured and secured credit cards, both aimed at individuals with bad credit. Increase Your Credit Limit up to $5,000 by Adding Additional Deposits Anytime. You see, you can only apply for the Merrick Bank Platinum Visa if you receive an invitation. The Merrick Bank Secured Visa® Credit Card is a secured card, requiring a deposit that will serve as your credit line. Merrick Bank Secured Visa® from Merrick Bank. Find out all about the The Secured Visa® from Merrick Bank - we'll provide you with the latest information and tell you everything you need to know to find your perfect card. Secured cards are aimed at those looking to build or rebuild their credit history, and the Merrick Bank Secured Visa® Credit Card is marketed to consumers with limited/bad/poor credit. After the first year, Merrick Bank will periodically review your credit line, and your limit may be increased without needing to add to your security deposit. An annual fee of up to $0 - $72 for the first year, and up to $8 per month thereafter. Excellent card for Fair Credit. With a bad credit score it is best if you do not aim for unsecured credit cards as most issuers would ask you to make a security deposit before lending you money. There is only one Merrick Bank unsecured credit card: the Merrick Bank Platinum Visa. After you . Double your credit line by making at least your minimum payment on time each month for the first 7 months your account is open. Consumers have reported that they do allow you to increase your deposits in $50 increments. Merrick Bank offers unsecured and secured credit cards, both aimed at individuals with bad credit. You have expressed an interest to Merrick Bank ("we" or "us") in applying for a credit card by completing, signing and delivering back to us the credit card application form, (which we refer to, collectively, as the "Application Packet"). When trying to build or rebuild your credit profile, applying for a card that reports account and payment activity to all three credit bureaus is the best. In this way, secured credit cards reduce the risk to the card provider and can help you build or improve upon your credit. Applied Bank® Unsecured Classic Visa® Card. CreditCards.com credit ranges are derived from FICO® Score 8, which is one of many different types of credit scores. For their secured card, Merrick Bank requires an initial security deposit of $200 - $3,000. Watch the Story to See How. fees and offer . Upgrade Visa® Card with Cash Rewards. With a bad credit score it is best if you do not aim for unsecured credit cards as most issuers would ask you to make a security deposit before lending you money. Choose your own credit line based on how much money you want to put down as a security deposit. Annual Percentage Rate. That means in theory, you could get this credit card for no annual fee. Secured Visa Credit Card. The application submitted will not be complete until funds for the security deposit have been collected by Merrick Bank. The Applied Bank® Unsecured Classic Visa® Card is a credit card designed to help you build your credit score. It offers no rewards, and charges a very high variable APR of 23.45%-28.45% for a card with no added benefits . Visa®. I am in the process of rebuilding my credit and this will be my first unsecured card since (I currently have a secured Capital One card but want a second card so I have a higher credit limit - Capital One won't let me raise my secured . The Merrick Bank Double Your Line® Platinum Visa® is an unsecured credit card. See Details Credit Recommended: Poor/Limited/No Credit. As long as you can provide a security deposit, have no pending . These include: Annual fee: $0 to $72. Merrick Bank Double Your Line™ Platinum Visa® Credit Card. Your credit line of $200 will double to $400 automatically if you make at least your minimum payment on time each month for the first 7 months your account is open.. For the Secured Visa Credit Card, your credit line won't double. High cash advance APR: You'll pay a variable APR of 24.95% to 33.45% on any cash advance transactions you make with your card. Merrick Bank Double Your Line™ Platinum Visa® Credit Card. Learn more about this card, read our expert reviews, and apply online at CreditCards.com. Double your $200 credit line by making at least your minimum payment on time each month for the first 7 months your account is open. A poor credit profile typically means your credit card options are very limited. Annual Fee: $36 for first year. Plus, you can add to your deposit over time, up to a total of $3,000, for added charging power and faster View . Note: Interestingly, you can only apply for their secured Visa card through their website. Credit Line Equals Security Deposit. Credit lines range from $500-$1,350 which double to $1,000-$2,700 after your account qualifies. . Cash Advance APR 24.95% to 33.45% variable based on creditworthiness and the Prime Rate. The typical purchase APRs for this class of unsecured credit cards range from 25% to 36%. Intro Purchase APR N/A. If your application is approved, your credit Line will be $1,250. US Bank Secured - $300. Offer Overview. You Pick Your Own Credit Line. Free online and mobile account access - Access your key account features from any device. Enjoy the advantages of a Merrick Bank Visa credit card with no penalty rates and no "up to" credit lines. Unsecured credit cards for poor credit can help you rebuild your credit if used responsibly. The potential to put down $49 to get a $200 credit line is a phenomenal benefit, especially when money is tight. Merrick Bank Secured Visa is a great secured credit card for rebuilding credit because the issuer reports to all three major credit card bureaus and . Merrick Bank Credit Card Application - Secured Offer tip securedcard.merrickbank.com. If you need to build your credit, the card offers a reasonable credit line, comprehensive fraud protections, and more! It charges a very reasonable annual fee that ranges between $0 and $72. Annual Fee $0 to $72. When trying to build or rebuild your credit profile, applying for a card that reports account and payment activity to all three credit bureaus is the best. Yes, I know Merrick Bank is not a "great" card or company. The Merrick Bank Double Your Line™ Platinum Visa® Credit Card is an unsecured card, meaning no security deposit is required. So I got a pre-approval offer from Merrick Bank. Merrick Bank Secured Visa® from Merrick Bank. Annual Fee $36 for the first year. OpenSky® Secured Visa® Credit Card. At 18.45%, the APR on Merrick Bank's secured card is pretty decent, especially for a product that's designed for bad-to-low credit, but the $36 annual fee is a weakness. Was playing around and ran across Merrick Bank Unsecured double your credit line pre-qualification link (SP).. Didn't know you could apply for this card as when I had it, it was offered by invitation to me.. Not a bad rebuilder card for any of you out there in the 680-620 range most likely. Merrick Bank Visa® or MasterCard® Cardholder Agreement THIS AGREEMENT CONTAINS AN ARBITRATION CLAUSE AND A CLASS ACTION WAIVER. . Initial deposits can be from $200 to $3,000. ". The Surge Mastercard® is offered by Continental Finance and issued by Celtic Bank. Card issued by Merrick Bank, Member FDIC. By clicking the "See if I Match" button, we will use your information to see if we have an offer of credit for you. $200-$3,000 Initial Security Deposit. Here's the ugly truth: Unsecured cards for poor credit sock you with high fees and plenty of them. If your application is approved, the initial credit line assigned to the Account will be equal to the amount of your security deposit, which can be between $200 and $3,000. How to apply for Merrick Bank Double Your Line™ Platinum Visa® Credit Card. Credit Line: $200-$3,000, depending on deposit amount. The Rewards of Merrick Bank Credit Card. If you want an unsecured card, you'll need to first receive a mail offer to apply with an acceptance certificate number. Your account will be regularly reviewed for credit line increases. Some secured credit card security deposits are refundable. Credit Karma Member. Welcome to Merrick Bank and to Your Card Agreement. If you want an unsecured card, you'll need to first receive a mail offer to apply with an acceptance certificate number. This is an exclusive credit card , but probably not in the way most people expect. Acceptance Certificate Number: Can . That would give me the following cards: NFCU - $700. Add to Compare. However, there are many better cards out there (see our list of secured credit cards. Will closing my Opensky hurt my credit by any chance? Username or Email password remember me Remember Me. The Merrick Bank Double Your Line Secured Visa credit card works the same way, except your initial deposit and credit line are set at $200. . Merrick Bank Double Your Line™ Platinum Visa® Credit Card. Build or re-build your credit - Work toward a positive credit history with all three major credit bureaus. This is an appealing feature for cardholders who want to charge bigger ticket purchases, such as plane tickets, without worrying about bumping up against their . Merrick Bank Double Your Line™ Secured Visa® is designed for consumers looking for a credit-building card that may provide a bigger line of credit over and above an initial $200 security deposit. Re: Should I apply for a Merrick Bank Card? Visa®. Regular Purchase APR 17.45% Variable. Merrick Bank Double Your Line™ Platinum Visa® Credit Card. Username or . In 3 months apply for a CLI on the NFCU card and in 7 months my Merrick Card doubles . Merrick Bank Double Your Line™ Platinum Visa® Credit Card 2021 Review, Application & Rates " Offering a quick pre-approval decision and sizeable credit lines, this card is a great choice for those with imperfect credit who seek high-end buying power. An unsecured credit card is the most common type of credit card. Merrick Bank Helps Customers Build and Rebuild Their Credit. Merrick Bank Secured VISA card has a $36 annual fee. Signup now. OpenSky® Secured Visa® Credit Card. 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