Reviews

Merrick Bank Double Your Line Secured Credit Card full review: should you get it?

Merrick Bank Double Your Line Secured Credit Card is a card that gives you the opportunity to double your credit limit without having to increase your secured deposit. Read on to learn more!

Advertisement

Merrick Bank Double Your Line Secured Credit Card: automatic credit increase!

Merrick Bank Secured Credit Card / Merrick Bank Double Your Line Secured Credit Card
Learn all about the Merrick Bank Double Your Line Secured Credit Card. Source: Merrick Bank

Indeed, building credit is not easy, whether you’re “starting from scratch” or rebuilding. That’s why it’s always good to have cards like the Merrick Bank Double Your Line secured credit card.

Merrick Bank logo

Merrick Bank Double Your Line Secured Card: check out how to apply!

Apply to Merrick Bank Double Your Line Secured Card and get a tool for building credit, free FICO score consultation, and more. Read on!

Learn more about this product and learn how it can help you:

Credit ScoreBad (below 670)
Annual Fee$36 paid in one go for the first year. Next, $3 per month
Regular APR20.45% (variable)
Welcome bonusNone
RewardsNone

Merrick Bank Double Your Line Secured Card: learn more about this financial product

Indeed, this card is another option Merrick Bank offers for those who want to build credit. To fulfill this function, this card provides the basic services necessary for this purpose.

Your payments are reported to the 3 largest credit bureaus in the country. You are also entitled to free monthly consultations on your FICO® score.

In addition, this card offers a non-secured limit of $200 for its customers. To access this benefit, just make payments on time during the first 7 months of use.

A minimum amount of $200 is required for a secured initial deposit. However, this card accepts deposits of up to $3,000.

In addition, it is a card with one of the lowest APRs compared to other secured cards available on the market. You still have a liability waiver in case of fraud.

There is also a mobile application service to facilitate the management of your card. Finally, it is a Mastercard card, accepted in most establishments in the country.

Merrick Bank Double Your Line Secured Card features

man holding green credit card
Learn more about the card’s pros and cons. Source: Merrick Bank

Is this card a good tool for your profile? See the lists below for a more secure answer to this question. In fact, here are the main advantages and disadvantages of this credit product:

What are the benefits? 

  • Credit building: your payments are reported to the 3 major credit bureaus;
  • Receive up to $200 of unsecured credit after 7 months of using this card;
  • We are talking about a Mastercard product accepted anywhere in the country;
  • Free monthly consultation of your FICO® score, one of the most relevant for the credit market.

And what are the drawbacks?

  • Annual fee collection;
  • No reward program or welcome bonus;
  • 2% transaction fee;
  • Requires security deposit.

What credit score do you need to get the Merrick Bank Double Your Line Secured Credit Card?

Indeed, no minimum score is defined by the company issuing this card. That way, regardless of your credit, you can apply for it.

How does the Merrick Bank Double Your Line Secured Card application process work?

You can request the card from home without facing lines or scheduling appointments. To find out how, check out our post below!

Merrick Bank logo

Merrick Bank Double Your Line Secured Card: check out how to apply!

Apply to Merrick Bank Double Your Line Secured Card and get a tool for building credit, free FICO score consultation, and more. Read on!

Trending Topics

content

Unlocking Your Path to Success: Funding U Student Loan Review

Discover how Funding U Student Loan can provide the financial support you need for college by reading our comprehensive review!

Keep Reading
content

Student BMO CashBack® Mastercard® credit card full review: should you get it?

A student card that feels premium: meet the Student BMO CashBack® Mastercard® credit card. Enjoy rewards without worrying about an annual fee!

Keep Reading
content

Choose the best flight deal for your next trip

The internet is full of tools for anyone looking to find the best flight deal. Learn how to use them to fly even for free!

Keep Reading

You may also like

content

Truist Enjoy Travel Credit Card full review: should you get it?

Truist Enjoy Travel Credit Card, the card that will reward all your purchases with miles so you can travel the world for free. Know more!

Keep Reading
content

SimpleLoans123 Review: Fast Loans for All Credit Types

Discover in our SimpleLoans123 review how to get secure loans up to $35,000. Ideal for all credit types, ensuring quick funding and privacy.

Keep Reading
content

Sallie Mae Student Loan review: for students with low credit

!Sallie Mae Student Loan is your opportunity to get 100% funding for your studies with relatively low APRs. Learn more about this service

Keep Reading