Merrick Bank Credit Card Application

This article is about Merrick Bank Credit Card Application. You will learn how to apply for Merrick Bank Credit Cards, and get detailed review about the different credit cards offered by Merrick Bank.

Merrick Bank credit cards are for people who have bad credit or are trying to establish (or rebuild) their credit records. They do, however, come with too many fees for us to suggest them above alternative cards that are likely to be available to these customers, such as the Capital One Platinum Secured Credit Card. You can read about  Self credit builder review here.

Merrick Bank Credit Cards

The Merrick Bank Double Your Line Platinum Visa Credit Card, the Merrick Bank Secured Visa Credit Card, and the Merrick Bank Visa Card are the three credit card options available from Merrick Bank. These cards do not offer any benefits, unlike points or cash back cards.

Instead, they target customers who have limited credit access or who want to repair their credit records. While Merrick Bank does record your payment history to all three credit agencies, which assists cardholders in building credit, the excessive costs for this service are not worth paying. This is especially true when comparing the Merrick Bank cards to other no-fee credit cards for people with terrible credit.

The Merrick Bank Double Your Line Platinum Visa® Credit Card and the Merrick Bank Visa® Card are only available to people who have received a preapproved postal offer, which sets them apart from other card issuers’ offerings.

If you really want one of these cards, you could sign up for the Merrick Bank Secured Visa® Credit Card first and then seek an upgrade. This is something that card issuers frequently do for their consumers, especially if they’ve always paid their bills on time each month. However, we recommend that most consumers avoid using Merrick Bank credit cards.

Merrick Bank Credit Card Application Details

Before taking a look at the Merrick Bank Credit Card Application, we want to quickly review the details of the different credit cards offered by Merrick Bank.

Merrick Bank Double Your Line Platinum Visa® Credit Card

The Merrick Bank Double Your Line Platinum Visa® Credit Card‘s distinctive feature—true to its name—is that if you make at least your minimum payment for the first seven months your account is open, your credit line will double. For instance, if you start with a $500 credit line and make seven on-time minimum payments, your credit limit could expand to $1,000. This will reduce your credit utilization, which will improve your credit score.

The Merrick Bank Double Your Line Platinum Visa® Credit Card contains a lot of fees for a card that doesn’t do much other than build credit. These are some of them:

• A one-time setup fee of up to $75
• An annual fee from $0 – $72 for the first year, and may get up to $8 per month after then.
• Up to $12 per additional card

The Merrick Bank Double Your Line Platinum Visa® Credit Card falls under the category of “fee harvesters,” which are primarily directed at people with restricted access to credit cards, due to these hefty upfront payments. That’s not to say the Merrick Bank Double Your Line Platinum Visa® Credit Card can’t assist you in establishing credit. However, a secured card with no annual fee, such as the Capital One Platinum Secured Credit Card, is a superior option.

Merrick Bank Secured Visa® Credit Card

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