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Trusted & Secure
  • Empowering over
    50,000,000 card holders Since 2005

  • Norton Secured

Merrick Bank Secured Visa® Credit Card

Merrick Bank Secured Visa® Credit Card

 

Rated 3.5/5 stars by our editorial team

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Your Rating:

3.0/5.0 from 1 Offer Rating
Over the Past 60 Days!

(1) Over the Past 60 Days!

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  • Regular Purchase APR 17.45% Variable
  • Intro Purchase APR N/A
  • Intro BT APR N/A
  • Annual Fee $36 for the first year. Billed $3 per month thereafter.
  • Credit Needed

    Limited/Bad/Poor

  • Card Brand Visa®

Card Details

Highlights

  • Click "APPLY NOW" to apply online
  • Choose your own credit line based on how much money you want to put down as a security deposit.
  • Initial deposits can be from $200 to $3,000. You can increase your credit line at any time by adding additional money to your security deposit, up to $3,000.
  • After 9 months, we review your account for a credit line increase. No additional deposit required!
  • Secured Credit Cards are great for people looking to build or rebuild credit and are available to people with all kinds of credit backgrounds.
  • Unlike a debit card or a pre-paid card, it helps build your credit history. As you pay your bill every month, we report to all three major credit-reporting agencies.
  • Get 100% U.S.-based customer service & get your FICO® Credit Score for free each month.
  • Fraud coverage if your card is lost or stolen. Access your account 24 hours a day, 7 days a week. Get help staying on track with Auto Pay and account alerts.
  • Card issued by Merrick Bank, Member FDIC.

Card Fees

Foreign Transaction Fee 2%

Balance Transfer Fee N/A

Cash Advance Fee 4% Min: $10

Ongoing Information

Annual Fee $36 for the first year. Billed $3 per month thereafter.

Additional Card Details

$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

Expert Reviews

From the CompareCards.com Editorial Team

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.

Expert Reviews of the Merrick Bank Secured Visa® Credit Card

  • 4.0

    Regular APR

  • 0.0

    Intro APR

  • 3.0

    Fees

  • 4.0

    Benefits

  • star rating 3.5/5

    Overall Rating

The Bottom Line

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.

The Good

As long as you don’t have a pending bankruptcy or outstanding tax obligations you may be approved for this card.

The Not so Good

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.

Consumer Reviews

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Offer Rating

3.0/5.0

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