Note: Some information in this post might be outdated. For the most current documentation and updates, please refer to the product’s original page.

The Merrick Bank Double Your Line Platinum Visa credit card is a card intended to help people who need to build or repair their credit scores. As it takes more risk lending money to people with poor credit history, it must offset this risk by applying fees and high APR rates. If you use it correctly, this car can seriously help you improve your credit, but this comes at a cost.

This card has a scale of fees which is completely based on customers’ creditworthiness. So your annual fee, account set-up fee and additional card fees won’t be clear to you until they have properly assessed your credit situation.

Here are a few numbers to consider if you wish to acquire this card.

This is an unsecured card. This means you do not have to make a security deposit to set up your initial credit limit. The limit is defined according to your creditworthiness, starting at $550 up to $1,240. This credit limit doubles automatically after only seven months of on-time payments.

By making on-time payments you contribute to improving your credit score because Merrick reports your activity to all the major credit bureaus. The extra credit you get after seven months also contribute to your credit score because it helps you reduce your credit utilization ratio.

It’s finally time to put pros and cons side by side and decide which factors are the most relevant to you.

This is a card designed with fair, poor or no credit score individuals in mind. Therefore, it does not require that you have a good credit score in order to apply.

Keep in mind that there are other, cheaper options for you to apply for if your idea is to improve your credit score. Fees may look cheap at first, but in the long term they are very costly.

After analyzing a number of card offerings you have decided the Merrick Bank Double Your Line Platinum Visa card is the right one for you. Now it’s time to apply. With this easy-to-follow guide you will get your account ready today and receive the card in your home within a few days. You can do the whole process online and in just a few minutes. Check it out!

On Merrick Bank’s page, fill in the application form with your first and last names, home address, date of birth, Social Security Number and email address. Then click “see if I match”.

Once you have done that, the website will run a quick check to analyze your information, and as soon as it is done you will get a message on the screen. The message should inform you of whether the card issuer has an offer for you or not.

In case they do not, you are going to have to come back in about a month to try and apply again. Of course you do not have to wait. Until then, you can apply for other cards which offer similar benefits. There are a number of articles on this very website detailing their pros and cons, and you should definitely check them out.

If this Merrick Bank card is still not quite what you have been looking for, or if you would simply like to take a look at another one of Merrick Bank’s cards for comparison, the table below provides the most important numbers.