Credit Cards

Merrick Bank Double Your Line Secured Visa credit card full review

The Merrick Bank Double Your Line Secured Visa credit card is an excellent product if you want to increase your credit line fast and improve your credit score.

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by Danilo Pereira

Published on 05/15/2022

Merrick Bank Double Your Line Secured Visa credit card: Double your credit limit within months.

Merrick Bank Double Your Line Secured Visa credit card
Merrick Bank Double Your Line Secured Visa card full review. Source: Stealth Capitalist

If you have bad or limited credit history you can use a hand to improve your credit score. A secured card is usually a good starting point. Meet the Merrick Bank Double Your Line Secured Visa credit card. Not only will this card help you improve your score, but it will also raise your initial credit limit fast. Just make at least the minimum payment for each of the first seven months from account opening, and you are set for a raise.

As a card that contributes to your credit improvement, Double Your Line provides you with free access to your FICO score. FICO scores are widely used by lenders when deciding on the level of risk a borrower represents to them.

Have a look at some key figures for this credit card.

Merrick Bank Double Your Line Secured Visa credit card

How to apply for the Merrick Bank Double Your Line

Learn the application process for the Merrick Bank Double Your Line Secured Visa credit card and start improving your score right away!

Sign-up bonusN/A
Annual fee$36
RewardsN/A
Other perksN/A
APRVariable 17.70% – 22.70%

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How does Merrick Bank Double Your Line Secured Visa credit card work?

Secured cards as a rule require an initial security deposit which is then held as your initial credit limit. With this card the initial required deposit is $200, so that is also your initial credit limit. But remember that after 7 months of on-time payments you can double that amount.

This card does carry an initial annual fee of $36, and after a year it becomes $3 monthly. This makes it a costly card to own, especially if you consider it does not offer any rewards. There are cheaper options out there with greater benefits.

Merrick Bank offers customer support by phone and also through its mobile app. Use the app to monitor your card use and to make sure you don’t make late payments. They will damage your credit score as well as incur an up to $40 late payment fee.

Merrick Bank Double Your Line Secured Visa credit card pros and cons

pros and cons
Have a look at this card’s pros and cons. Source: Adobe Stock

Now that you have read about this card at length, it’s time to simplify and put the most important pros and cons together for comparison. Check it out.

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Pros

  • Helps improve credit score
  • Free access to your FICO score
  • Potentially double your initial credit limit

Cons

  • Charges annual fee
  • Bigger deposit doesn’t upgrade credit line
  • Few benefits

Does my credit score need to be good?

This credit card was designed with poor or limited credit individuals in mind. It does not require that you have good credit, and the application process is easy to complete.

Want to apply for a Merrick Bank Double Your Line Secured Visa card?

Now that you have seen the most important details of this card, you might be ready to apply. Applying for the Double Your Line card is a simple and straightforward process which takes only a few minutes to complete. All you have to do is to log on to their website with your basic info at hand, and you’re on your way.

If you would like a more complete guide on how to acquire this amazing product, we got you. Just click the link below.

Merrick Bank Double Your Line Secured Visa credit card

How to apply for the Merrick Bank Double Your Line

Learn the application process for the Merrick Bank Double Your Line Secured Visa credit card and start improving your score right away!

About the author  /  Danilo Pereira

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