Advertiser Disclosure
Apply Now
Merrick Bank Secured Credit Card

Merrick Bank Secured Credit Card
Apply Now
Credit Line
$200-$3,000, depending on deposit amount
Regular APR
22.70% Variable
Cash Advance APR
27.70% Variable
Minimum Deposit
$200
Annual Fee
$36 for first year. Billed $3 per month thereafter
Cash Advance Fee
4% Min: $10
Advertiser Disclosure

Offer Overview

  • Choose your own credit line based on how much money you want to put down as a security deposit.
  • Initial deposits can be from $200 to $3,000. You can increase your credit line at any time by adding additional money to your security deposit, up to $3,000.
  • After 9 months, we review your account for a credit line increase. No additional deposit required!
  • Secured Credit Cards are great for people looking to build or rebuild credit and are available to people with all kinds of credit backgrounds.
  • Unlike a debit card or a pre-paid card, it helps build your credit history. We report your payment history to all three major credit-reporting agencies.
  • Get your FICO® Credit Score for free each month.
  • Fraud coverage if your card is lost or stolen. Access your account 24 hours a day, 7 days a week. Get help staying on track with available Auto Pay and account alerts.
  • Card issued by Merrick Bank, Member FDIC.

At a Glance

Editorial Disclaimer: This content is not provided or commissioned by the bank advertiser. Opinions expressed here are author’s alone, not those of the bank advertiser, and have not been reviewed, approved or otherwise endorsed by the bank advertiser. Also see Advertiser Disclosure.

Articles You May Like

  1. Ingenious Ways to Save Money Ingenious Ways to Save Money
  2. 14 Side Hustles to Make Easy Money 14 Side Hustles to Make Easy Money
  3. Pay Bills with a Credit Card to Help Build Credit Pay Bills with a Credit Card to Help Build Credit

Recommended Cards

  1. Chase Sapphire Preferred® Card
    4.8
    Chase Sapphire Preferred® Card
  2. FIT™ Platinum Mastercard®
    FIT™ Platinum Mastercard®

Advertiser Disclosure

CreditSoup is an independent, advertising-supported comparison service. The offers that appear on this site are from companies from which CreditSoup receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditSoup does not include all companies or all offers available in the marketplace. CreditSoup may use other proprietary factors to impact offer listings on the website such as consumer selection or the likelihood of the applicant’s credit approval.

Editor’s Rating

Our editors review each credit card and provide our ratings based on the features the credit card offers consumers including the fees, interest rates, benefits, rewards, and how it compares to other credit cards in its category. Card ratings may vary by category as the same card may receive a different rating based on that category.

CreditSoup.com may be compensated by companies mentioned on our site when a consumer’s application is accepted or approved by the company.

Sign In
Sign In