Rated 3.5/5 stars by our editorial team
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3.0/5.0 from 1 Offer Rating
Over the Past 60 Days!
Foreign Transaction Fee 2%
Balance Transfer Fee N/A
Cash Advance Fee 4% Min: $10
Annual Fee $36 for the first year. Billed $3 per month thereafter.
$0 Fraud Liability No
Auto Rental Insurance No
Extended Warranty Program No
Roadside Assistance No
Purchase Protection No
Travel Assistance No
Flight Accident Insurance No
Lost Luggage Reimbursement No
Concierge Service No
This secured credit card offers a credit line equal to the size of the deposit you put down up to $3,000. Not all secured credit cards report to all three major credit bureaus, which is a plus for this offer and gives you the opportunity to build positive credit history when you pay your bills on time. After the first year Merrick Bank will automatically review your account for credit line increases with no security deposit required.
This card is designed for people who want to build or rebuild their credit. When used responsibly, this secured card could be a valuable tool to improve your credit and allow you to then get a better card. Monitor progress in your FICO® Score each month for free.
As long as you don’t have a pending bankruptcy or outstanding tax obligations you may be approved for this card.
Other cards may review your account earlier than one year to see if you can transition to an unsecured credit line.
Editorial Note: This content is not provided by Merrick Bank. Any opinions, analyses, reviews, or recommendations expressed on this page are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by Merrick Bank.
1 Total Ratings