Reviews
Merrick Bank Double Your Line® Secured Credit Card review
In this Merrick Bank Double Your Line® Secured Credit Card Review, you'll learn more about this secured card that offers customers a low annual fee and double limit. Keep reading!
Advertisement
Merrick Bank Double Your Line® Secured Credit Card: 2X more credit limit for you!
Are you feeling limited by your debit or prepaid card? Get the lowdown on this Merrick Bank’s Double Your Line® Secured Credit Card review and make an educated decision to embrace this unique product.
Apply for the Merick Bank Double your Line Secured
Ready to apply for the Merrick Bank Double Your Line® Secured Credit Card? Start improving your credit. Check out this post to learn more.
This review covers all angles so you can decide if it fits your lifestyle. After your reading, you’ll be able to make a more informed decision! Read on!
- Credit Score: Bad credit;
- Annual Fee: $36 for the first year, then cardholders will be billed $3 monthly for maintenance;
- Regular APR: Variable 21.20% on purchases and 26.20% on cash advances;
- Welcome bonus: No welcome bonuses;
- Rewards: No rewards.
Merrick Bank Double Your Line® Secured Credit Card: how does it work?
The best part about the Merrick Bank Double Your Line® Secured Credit Card is its namesake feature—the ability to double your credit line from $200 to $400 without making another deposit.
To qualify for this offer, all you have to do is make at least your minimum payment on time each month for the first seven months that your account is open. That’s it! It’s that simple.
Additionally, with the Merrick Bank Double Your Line® Secured Credit Card, you can get fraud coverage if your card is lost or stolen, access your account 24/7, and set up Auto Pay and account alerts to stay on track with payments.
Best of all, because this is a secured credit card, rather than a debit card or prepaid card, it helps build up your credit by reporting your payment information to all three major credit-reporting agencies.
Plus, you can get your FICO® Credit Score each month—all free of charge. Making this product an excellent credit builder card.
You will be redirected to another website
By submitting this form, I agree that I am 18+ years old and I agree to the Privacy Policy and Terms and Conditions. I also provide my signature giving express consent to receive marketing communications via automated emails, SMS or MMS text messages and other forms of communication regarding financial products such as credit card and loans. Message frequency varies and represents our good faith effort to reach you regarding your inquiry. Message and data rates may apply. Text HELP for help or text STOP to cancel. I understand that my consent to receive communications is not a condition of purchase and I may revoke my consent at any time.
Fees and rates
- APR: A variable of 21.20% on purchases and 26.20% on cash Advance;
- Annual Fee: $36 for the first year, then a monthly fee of $3;
- Foreign Transaction Fee: 2%;
- Cash Advance: $10 or 4%, whichever is greater;
- Late Payment: up to $40.
Merrick Bank Double Your Line® Secured Credit Card: should you get one?
Before making a decision, considering the main details of this product is key! Then let’s compare the pros and cons of the Merrick Bank Double Your Line® Secured Credit Card.
Pros
- It helps improve your credit score;
- The security deposit is low;
- Low annual Fee;
- Reports your credit history to three credit bureaus in the country;
- Doubles your credit limit.
Cons
- It charges a foreign transaction fee;
- There are no rewards.
Credit score required
The credit score necessary to apply for the Merrick Bank Double Your Line® Secured Credit Card is bad credit. As a result, this credit card will help you improve your ruined score by reporting payments.
Merrick Bank Double Your Line® Secured Credit Card application: how to do it?
Discover how to apply for the Merrick Bank Double Your Line® Credit Card. Our guide will set you up quickly and easily, so you can enjoy all its helpful features. Read on!
Apply for the Merick Bank Double your Line Secured
Ready to apply for the Merrick Bank Double Your Line® Secured Credit Card? Start improving your credit. Check out this post to learn more.
About the author / Suzana Brito
Trending Topics
FIT® Platinum Mastercard® credit card review: easy to get, efficient to build credit
FIT® Platinum Mastercard® credit card is your chance to get a $400 credit limit even if you don't have a strong score. Read our review!
Keep Reading
Application for the HSBC Cash Rewards Mastercard® card: how does it work?
We love a good cashback with no annual fees. That's the case with the HSBC Cash Rewards Mastercard® card. Take a look at how to apply.
Keep Reading
Personal loan interest rate: what is it?
Wondering what is a personal loan interest rate? Get all the information you need here, including average rates and how to get the best deal.
Keep ReadingYou may also like
Marriott Bonvoy Boundless® Credit Card review
Read our in-depth Marriott Bonvoy Boundless® Credit Card review. Earn points on purchases and enjoy an excellent welcome bonus! Keep reading!
Keep Reading
Capital One Savor Cash Rewards Credit Card vs. Capital One Walmart Rewards® Mastercard®: card comparison
Capital One Savor Cash Rewards Credit Card or Capital One Walmart Rewards® Mastercard®? Compare them and find out which one is best for you!
Keep Reading
How to buy cheap American Airlines flights
Find out how you can buy cheap American Airlines flights for your next amazing trip. You can get discounts and the best perks. So, read on!
Keep Reading