Merrick Bank Secured Visa® from Merrick Bank
Credit Card Details
APPLY NOWInitial 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
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