Merrick Bank Secured Visa® from Merrick Bank

Credit Card Details

Initial deposits can be from $200 to $3,000

Card Brand Visa

Credit Recommended See website for Details*

Regular Purchase APR 17.45% Variable

Annual Fee $36 for first year. Billed $3 per month thereafter

Intro Purchase APR N/A

Intro Balance Transfer APR N/A

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. As you pay your bill every month, we report to all three major credit-reporting agencies.
  • Get 100% U.S.-based customer service & 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 Auto Pay and account alerts.
  • Card issued by Merrick Bank, Member FDIC.

Specifications

Regular APR 17.45% Variable
Annual Fee $36 for first year. Billed $3 per month thereafter
Intro (Purchases) N/A
Intro (Transfers) N/A
Credit Recommended See website for Details*
Cash Advance APR 22.45% Variable
Cash Advance Fee 4% Min: $10
Cash Grace Period N/A
Late Payment Fee Up to $40
Overlimit Fee N/A
Return Check Fee Up to $40
Foreign Trans Fee 2%
Balance Transfer Fee N/A

Card Reviews

5
5.0 rating
5 out of 5 stars (based on 2 reviews)
Excellent100%
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Reviews

Bad credit

5.0 rating
October 2, 2020

I like what I have read so far

Lisa

Build better credit

5.0 rating
September 12, 2020

I like the review very much this is for me and anyone likel me with bad credit. We still have an opportunity to get credit and build better credit.

Irene chavez
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