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.
Advertisement
Merrick Bank Double Your Line Secured Visa credit card: Double your credit limit within months.
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.
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 bonus | N/A |
Annual fee | $36 |
Rewards | N/A |
Other perks | N/A |
APR | Variable 17.70% – 22.70% |
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.
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.
Merrick Bank Double Your Line Secured Visa credit card pros and cons
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.
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.
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!
Trending Topics
Citizens Bank HELOC: how to apply now!
Interested in a home equity line of credit from Citizens Bank with flexible terms? Learn how to apply for Citizens Bank HELOC!
Keep ReadingApplying for the Blue Cash Everyday® Credit Card: learn how!
Are you ready to apply for the Blue Cash Everyday® Credit Card? Pay no annual fee and earn cash back on purchases!
Keep ReadingExtra debit card full review
Your debit card can be better. This review will show the benefits of using Extra debit card to spend your money in a better way.
Keep ReadingYou may also like
Maximize Rewards with Every Swipe: Pelican Points Visa Review
Looking for a reliable rewards credit card? Discover what the Pelican Points Visa has to offer in our review. Enjoy a special bonus offer!
Keep ReadingStart today investing in Canada: an easy guide for beginners
This article will explain how you can start investing in Canada. It includes the steps needed and a few tips on making it work for you!
Keep ReadingApplying for the PREMIER Bankcard® Secured Credit Card: learn how!
The PREMIER Bankcard® Secured Credit Card is a great option for anyone who needs to build a credit score. Find out how to apply!
Keep Reading