Merrick Bank Secured Visa® Card

Merrick Bank is an Experian Partner

Merrick Bank Secured Visa®  Card Apply Now Apply Now Apply Now

Recommended FICO® ScoreΘ Rating

Poor - Exceptional, New to Credit, Rebuilding

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  • Rewards

    N/A*

  • Annual fee

    $36

  • Intro APR

    N/A*

  • Ongoing APR

    17.45% (Variable)

  • Balance transfer

    N/A*

Card details:
  • 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.
Pros:
  • Helps you rebuild credit
  • Low minimum deposit
  • Low APR for this type of card
Cons:
  • Annual fee
  • Foreign transaction fees
  • Few cardholder benefits

Experian Review:

Merrick Bank Secured Visa® Card Review: An Option for Building Credit

The Merrick Bank Secured Visa® Card is a no-frills secured credit card with an annual fee. It’s not a bad choice, but be sure to check out all your options.

Read full review

Any opinions, analyses, reviews, or recommendations expressed on this page are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by the issuer.

ΘCredit score is calculated based on FICO® Score 8 model, unless otherwise noted. In addition to the FICO® Score 8, we may offer and provide other base or industry-specific FICO® Scores (such as FICO® Auto Scores and FICO® Bankcard Scores). Your lender or insurer may use a different FICO® Score than FICO® Score 8 or such other base or industry-specific FICO® Score (if available), or another type of credit score altogether. Learn more.

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