Credit Cards
Merrick Bank Double Your Line® Secured Credit Card review
Secured Credit cards can be a handy tool if you need to rebuild your credit. Merrick Bank Double Your Line® Secured Credit Card is here for you!
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When it comes to rebuilding your credit, secured credit cards can be a helpful tool
If you are searching secured credit cards to help you rebuild your credit, check this Merrick Bank Double Your Line® Secured Credit Card’s review.
Apply Merrick Bank Double Your Line® Secured
Learn now how to apply for Merrick Bank Double Your Line® Secured Credit Card and rebuild your credit history!
This is an excellent tool for building credit. So keep reading and learn how it works and if it’s worth it!
| Credit Score | Merrick requires Poor/No credit score; |
| Annual Fee | Starting at $36 per year. Then, you’ll be charged $3 monthly; |
| Purchase APR | 22.20% Variable; |
| Cash Advance APR | 4%, Min: $10; |
| Welcome Bonus | Merrick does not specify any welcome bonus; |
| Rewards | Merrick does not specify any reward program. |
Merrick Bank Double Your Line® Secured Credit Card Overview
The credit limit on the Merrick Bank Double Your Line® Secured is equal to the amount of the security deposit made by the cardholder.
Also, after seven months of on-time payments without an extra deposit, the bank may offer to boost your credit limit.
Through responsible use, cardholders can raise their credit standing and qualify for higher credit limits upon the bank’s next assessment of the account.
You will also gain zero liability protection and free monthly access to the cardholder’s FICO score.
Thus, Equifax, TransUnion, and Experian are the three major credit reporting bureaus to which this issuer does report cardholder activity.
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Merrick Bank Double Your Line® Secured Credit Card’s main features
The Merrick Bank Double Your Line® Secured Credit Card provides an opportunity for those looking to build or reestablish their credit.
However, when it comes to choosing your credit card, it is crucial for you to understand all the details of the card you’re considering.
Further, check the main features below Merrick Bank Double Your Line® Secured Credit Card.
Pros
- Major credit bureaus get customer activity information from Merrick Bank;
- After seven months of on-time payments, your credit limit will be doubled at no further cost to you;
- Zero fraud liability.
Cons
- The initial year’s membership is $36. Then, you’ll be charged $3 monthly;
- Most advantages of secured cards do not exist;
- The deposit is necessary for a secured credit card.
Minimum credit score to apply
Indeed, as a secured credit card, Merrick Bank Double Your Line® does not require a perfect credit score.
In fact, they will consider you even if your score is poor or if you are new to credit.
How to apply for the Merrick Bank Double Your Line® Secured Credit Card?
If you’re looking for a secured credit card and want to know more about the Merrick Bank Double Your Line® Secured application process.
Furthermore, read about it in our next post!
Apply Merrick Bank Double Your Line® Secured
Learn now how to apply for Merrick Bank Double Your Line® Secured Credit Card and rebuild your credit history!
About the author / Giovanna Klein
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