Merrick Bank Secured Credit Card

Highlights

• 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.

Additional Info

• Regular APR: 22.95% Variable
• Annual Fee: $36 for first year. Billed $3 per month thereafter
• Credit Line: $200-$3,000, depending on deposit amount
• Cash Advance APR: 27.95% Variable
• Cash Advance Fee: 4% Min: $10
• Late Payment Fee: Up to $40
• Return Payment Fee: Up to $40
• Foreign Trans Fee: 2%
• Minimum Deposit: $200
• Regular Transfer APR: N/A
• Penalty APR: N/A
• Balance Transfer Fee: N/A
• Credit Recommended: See website for Details*
• Intro (Purchases): N/A
• Intro (Transfers): N/A

Specifications