Rating: 4 Stars
Build Credit with Bad Credit
|Regular APR:||19.20% (Variable)|
|Intro APR (Purchases):||None|
|Intro APR (Balance transfers):||None|
|Credit Needed:||(300 – 669) Bad/Average/Fair|
|Annual Fee:||$36 the first year, then $3 per month|
*See online credit card application for details on the terms and conditions.
- Click APPLY NOW to apply online
- Unsecured credit line increases – After the first year, your account will be regularly reviewed for credit line increases with no additional security deposit required
- Flexible credit line – the amount of your deposit determines your initial credit line – up to $3,000 and increase your credit line anytime with additional deposits
- Build or Rebuild your Credit Today with the Merrick Bank Secured Visa Card
- Get your updated FICO Score each month when it is provided to us by the credit bureau
- $0 Fraud Liability protects you from unauthorized charges
- Online and Mobile Account Access
- No Penalty Rates or Over Limit Fee
- Quick, easy application – apply online today!
Is Merrick Bank Secured Visa worth it?
Merrick Bank Secured Visa Card is a solid card for people with bad credit looking to build credit by making a deposit. The annual fee is $36 the first year, then $3 per month. Other secured cards have no annual fee.
- Build your credit
- Minimum security deposit of $200 is on the low end for secured cards
- Security deposit must be received with application for approval. Other cards determine your credit limit after you submit your application, and then require you to submit a security deposit of that amount. The money is FDIC-insured and refunded if you are denied, but it will take 4-6 weeks
- $36 annual fee, then $3 per month
Why 4 Stars?
|Foreign Transaction Fee||2%|
|Balance Transfer Fee||No Balance Transfers Allowed|
|Cash Advance Fee||Either $10 or 4% of the amount of each cash advance, whichever is greater|
$0 Fraud Liability
Editorial Note: This content is not provided by the issuer. Any opinion, analyses, reviews, or recommendations expressed on this page are those of the author?s alone, and may not have been reviewed, approved or otherwise endorsed by the issuer.
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