Credit Cards
Easy-to-get card: Apply for Merrick Bank Classic Secured Card
Find out how to apply for the Merrick Bank Classic Secured Credit Card, an excellent option to improve your credit. Keep reading!
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Eligibility Requirements for a Merrick Bank Classic Secured Credit Card
Ready to rebuild your credit and open up new financial opportunities? Apply for the Merrick Bank Classic Secured Card and take the first step.
Follow these simple steps to complete your application and improve your credit today. Read on!
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Apply online
If you’re looking to improve your credit score, one option is to apply for a secured credit card.
Merrick Bank’s Classic Secured Credit Card is an excellent option for individuals trying to build or rebuild their credit.
To apply, follow the step-by-step process outlined below:
1. Personal Information
Begin by providing your personal information, including your name, address, and social security number.
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2. Financial Information
The next step is to provide your financial information, such as your employment status, income, and monthly expenses.
It will then determine your creditworthiness and set your credit limit.
3. E-Sign Disclosure
You will then need to read and agree to the E-Sign Disclosure, which outlines the terms and conditions of the card, as well as your rights and responsibilities as a cardholder.
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4. Summary of Terms
After reviewing the summary of terms, which includes important information such as fees and interest rates, you can choose to proceed with your application or cancel it.
5. Pay the secured deposit
If you decide to proceed, then you will be prompted to pay a secured deposit, which is used to secure your credit line (from $200 to $3,000).
6. Review
Finally, take some time to review your application for accuracy and completeness before submitting it.
Still, you will receive a response within a few business days, and if approved, you will receive your new Merrick Bank Classic Secured Credit Card in the mail.
Apply using the app
The Merrick Bank goMobile app is only available for individuals with a Merrick Bank Classic Secured Card or other Merrick Bank cards. It cannot be used for new applications.
Merrick Bank Classic Secured Credit Card vs. First Citizens Bank Secured Cash Back Card
The Merrick Bank Classic Secured Credit Card and the First Citizens Bank Secured Cash Back Card are choices for improving credit, but there are some variations between them.
The Merrick card has a $36 annual fee and requires a full security deposit of $200 to $3,000 at account opening.
On the other hand, the First Citizens Bank Secured Cash Back Card has a higher range for a secured deposit: from $500 to $5,000. Also, it offers 1% cash back on purchases.
Both cards report to major credit bureaus and have similar purchase APRs but charge a higher APR for cash advances.
Neither card offers rewards, but using them responsibly can improve credit scores. The choice between the two depends on personal preference and financial goals.
Merrick Bank Classic Secured Credit Card
- Credit Score: Bad credit;
- Annual Fee: $36 for the first year, then $3 per month;
- Purchase APR: 22.45% APR Variable;
- Cash Advance APR: 27.45% APR Variable;
- Welcome Bonus: N/A;
- Rewards: N/A.
First Citizens Bank Secured Cash Back Card
- Credit Score: Bad credit;
- Annual Fee: 29;
- Purchase APR: 26.99% APR variable;
- Cash Advance APR: Not disclosed;
- Welcome Bonus: N/A;
- Rewards: N/A;
Start building your credit by applying for a First Citizens Bank Secured Cash Back Card. It is simple and quick! Find out more in our post below.
Apply for First Citizens Bank Secured Cash Back
Want to know how to apply for the First Citizens Bank Secured Cash Back Card? We'll show you how easy it is! Earn cash back on purchases!
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