An annual fee of up to $0 - $72 for the first year, and up to $8 per month thereafter. Initially was denied online but then it showed up as a open account on my Credit report. Credit Cards for Fair+ Credit Ratings - Compare 15 Cards No security deposit required. A poor credit profile typically means your credit card options are very limited. Note: Interestingly, you can only apply for their secured Visa card through their website. See if you are pre-approved within minutes, without affecting your credit score. on Merrick Bank's secure site. So I got a pre-approval offer from Merrick Bank. That is a LOT faster than most cards! 3. Merrick Bank Secured Card Review for 2021: Is It Worth It? Build or re-build your credit - Work toward a positive credit history with all three major credit bureaus. That would give me the following cards: NFCU - $700 . Initial deposits can be from $200 to $3,000. There is also no monthly maintenance fee or one-time application fee. Add to Compare. No security deposit required. How to Apply For Merrick Bank Credit Card | iCompareCards Billed $3 per month thereafter. 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. 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 unsecured credit card offers usually come by mail or email as an invitation to apply, but you can also pre-qualify for them online. However, the Merrick Bank DoubleYourLine keeps the options of unsecured cards open for you even when your credit history is in bad shape. G-16688 04/17 1. Merrick Bank Secured VISA Card. 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. See Details Credit Recommended: See website for Details*. By definition, you won't be required to pay a security deposit like you would with a secured credit card. Merrick Bank Secured Visa® Credit Card | CompareCards.com 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 . By clicking the "See if I Match" button, we will use your information to see if we have an offer of credit for you. 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. Secured vs Unsecured Credit Cards | Merrick Bank Alternatively, you can always apply online for a secured credit card without any invitation from Merrick Bank. Merrick Bank Secured Visa® from Merrick Bank. 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 Secured Visa Card Review - BestCards.com 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. 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. An unsecured credit card is the most common type of credit card. 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. Look for a card with no annual fee first. Credit Line: $2,000. 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. Best Cards for Bad Credit | CreditSoup Merrick Bank Credit Card Applications Online - Credit-Land.com The typical purchase APRs for this class of unsecured credit cards range from 25% to 36%. Cash Advance APR 24.95% to 33.45% variable based on creditworthiness and the Prime Rate. Regular APR: 9.99% (V) Annual Fee: $49. 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. 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. Regular Purchase APR 19.45% to 28.45% variable based on creditworthiness and the Prime Rate. For example, most of the mainstream banks have no annual fee cards. The Merrick Bank credit card is good for people with no credit or a poor credit score. How to apply for Merrick Bank Double Your Line™ Platinum Visa® Credit Card. Card issued by Merrick Bank, Member FDIC. Then, if you qualify, double your credit line to $400 without making another deposit. Learn More. Issuers rationalize this by noting the risks they take, even while offering credit cards to folks with less-than-perfect credit. Credit Line Equals Security Deposit. Visa®. 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. The Merrick Bank Platinum Visa doesn't require a security deposit because it's an unsecured credit card. 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 . In 3 months apply for a CLI on the NFCU card and in 7 months my Merrick Card doubles . Box 1442 Draper, UT 84020-1442 These include: Annual fee: $0 to $72. Upgrade Visa® Card with Cash Rewards. 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. Signup now. Merrick Bank Secured Visa® from Merrick Bank. Credit Needed Limited/Bad/Poor. Our Lowest APRs. Welcome to Merrick Bank and to Your Card Agreement. Check your balance, make a payment, set up email alerts, and more. 3.3/5.0. First Access Visa® Card. Enjoy the advantages of a Merrick Bank Visa credit card with no penalty rates and no "up to" credit lines. 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. Credit Karma Member. Card arrived 6 days after approval. Consumers have reported that they do allow you to increase your deposits in $50 increments. Plus, you can add to your deposit over time, up to a total of $3,000, for added charging power and faster View . You can have a limit of anywhere from $300 to $5,000 with a US Bank Secured VISA card. Merrick Bank Double Your Line™ Platinum Visa® Credit Card. Billed $3 per month thereafter. 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 Bank Secured VISA card has a $36 annual fee. Regular APR: 17.45% Variable. With that said this is a Pre-Approval vs a Pre-Quallfied offer that I had with Cap1 and AMEX that were both denied. Merrick Bank Double Your Line™ Platinum Visa® Credit Card. 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 Helps Customers Build and Rebuild Their Credit. Activate Today with a $200 Minimum Deposit - Maximum $1,000. ". Compare. Excellent card for Fair Credit. PLEASE SEE THE "AGREEMENT TO ARBITRATE DISPUTES AND CLASS ACTION WAIVER" SECTION BELOW FOR ADDITIONAL DETAILS. 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. . . It charges a very reasonable annual fee that ranges between $0 and $72. See Details Credit Recommended: Poor/Limited/No Credit. 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 . Visa®. There is only one Merrick Bank unsecured credit card: the Merrick Bank Platinum Visa. This is a secured card, meaning that applicants will be required to provide a deposit that will serve as their credit line. Applied Bank® Unsecured Classic Visa® Card. Merrick Bank Visa Classic or MasterCard. Say you deposit $500, well it will drop to $464 once a year is up. Merrick Bank Double Your Line™ Platinum Visa® Credit Card. Merrick Bank offers unsecured and secured credit cards, both aimed at individuals with bad credit. 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. My initial CL was $750 @ 24% APR. While no credit card application has a . 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. Merrick Bank Double Your Line™ Platinum Visa® Credit Card. If you need to build your credit, the card offers a reasonable credit line, comprehensive fraud protections, and more! Apply Now. OpenSky® Secured Visa® Credit Card. I figured I would apply for the Merrick and then close down the Opensky. Secured Visa Credit Card. Merrick Bank Credit Card Application - Secured Offer tip securedcard.merrickbank.com. Offer Overview. After 9 months, we review your account for a credit line increase. Upgrade Visa® Card with Cash Rewards. The Applied Bank® Unsecured Classic Visa® Card is a credit card designed to help you build your credit score. 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. Credit lines range from $500-$1,350 which double to $1,000-$2,700 after your account qualifies. 9.99% Low Fixed APR - Your Rate Won't Go Up Even if You Are Late. Watch the Story to See How. Thank you from all of us at Merrick Bank! Annual Fee: $36 for first year. 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. I actually got approved for an unsecured Double My Line card from Merrick bank. $200-$3,000 Initial Security Deposit. To check your Merrick Bank Secured Visa Card application status, call (800) 204-5936. The application submitted will not be complete until funds for the security deposit have been collected by Merrick Bank. Intro Purchase APR N/A. Merrick Bank offers unsecured and secured credit cards, both aimed at individuals with bad credit. Merrick Bank Double Your Line™ Platinum Visa® Credit Card. That would give me the following cards: NFCU - $700. Put down $200, which becomes your credit line. First Progress Platinum Prestige MasterCard® Secured Credit Card. Learn more about this card, read our expert reviews, and apply online at CreditCards.com. Regular Purchase APR 17.45% Variable. If you apply for a credit card, the lender may use a different credit score when considering your application for credit. Credit lines range from $500-$1,350 which double to $1,000-$2,700 after your account qualifies. 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