Credit Cards

Mercury credit card full review

The Mercury credit card can be great for those who want to improve their scores and finances. Read more about this credit-building card in our full review!

Advertisement

by Victória Lourenço

09/15/2021 | Updated on 10/25/2021

Mercury  credit card

Learn more about the Mercury credit card! Source: Mercury
Learn more about the Mercury credit card! Source: Mercury

The Mercury credit card can be a great asset for people who need to improve their credit scores. It is an unsecured credit card that has no annual fee. That is a very special feature for an unsecured credit card that accepts people with not-so-good scores.

Even though there is no concrete information about the rewards this card offers to its cardholders, the credit card company sends monthly reports about your payments to the three major credit bureaus. However, this Mercury card has a relatively high variable APR and some other fees. So, if you want to know more about this card that can help you build your credit, keep reading.

How do you get the Mercury card?

If you need a card to help you improve your finances and build your credit score, check out if you can make the Mercury card application!

Advertisement

How does the Mercury  credit card work?

This card can help you improve your credit score. Source: Gettyimages
This card can help you improve your credit score. Source: Gettyimages

The credit card company needs to send you a pre-approvement letter, and then you can complete your application. But once you become a cardholder, you can get some rewards that are personalized according to the company’s criteria. Also, you will get your payment reports sent to all the 3 major credit bureaus, and that will help you improve your score.

Mercury   Credit card benefits

Advertisement

Pros

  • The card does not have an annual fee.
  • As a cardholder, you can check your FICO score.
  • This card sends monthly reports to the three major credit bureaus.
  • In case your card gets stolen, or if you lose it, there is a zero-dollar fraud liability.

Cons

  • This card charges a 3% foreign transaction fee for each purchase made in USD.
  • The card has relatively high interest fees in general, which can be confusing and not affordable for some people.
  • You can only get this card if you get pre-approved by the credit card company.

Advertisement

Should you get a Mercury  ?

This card has some high interest fees, and there is no concrete information available about its rewards. However, it is an unsecured card that accepts not-so-good credit scores and has no annual fee. Also, it sends your monthly reports to the 3 major credit bureaus. Therefore, if you can pay for the fees and want to improve your credit, you can consider getting this card.

However, you also need to make sure that you can pay your monthly balance in full each month because, as we mentioned, this card charges high interest fees. Also, you will need a pre-approved letter from the credit card company to get this card.

How good does your credit score need to be?

You do not need a high credit score to get this credit card. Source: Gettyimages
You do not need a high credit score to get this credit card. Source: Gettyimages

To get this card, your credit score does not have to be very high. You need an average score. So, you can have a score that ranges from about 580 to 669. However, you need to be pre-approved to get this card.

How to apply for a Mercury  credit card?

Unfortunately, to apply for this card, you need a pre-approvement letter from the credit card company. And after that, you can complete your application. So, in the post below, we will give you some important information about this card’s application in general and how to complete your pre-approved application.

How do you get the Mercury credit card?

If you need a card to help you improve your finances and build your credit score, check out if you can make the Mercury card application!

About the author

Victória Lourenço

Victória Lourenço is part of the finance writer team for The Mister Finance website. She is a translator and copywriter, having worked on finance topics for over four years. She has a goal to keep studying finances to help people learn more about how to use their credit cards, make loans, and use other money-related products in a way that they can find a more meaningful and healthy financial life!

Reviewed by

Aline Barbosa

Senior Editor

Trending Topics

content

How to join TradeStation Investing?

TradeStation Investing is an option for active traders who look for a high-level and robust investment platform. Learn how to join it!

Keep Reading
content

Bank of America® Travel Rewards for Students or Deserve EDU Mastercard for Students: a comparison

Check our Bank of America® Travel Rewards for Students or Deserve EDU Mastercard for Students card post and learn which serves you best!

Keep Reading
content

How to apply for FreedomPlus?

If you want a loan to pay for your travel or make home improvements, read on to learn how to apply for FreedomPlus loans!

Keep Reading

You may also like

content

What is a CD: how it works, interest and more!

If you're new to investments, take a look at Certificates of Deposit. It is an excellent option to play safe but earn more than a savings account. Keep reading to learn more about CDs.

Keep Reading
content

Do credit card rewards make you spend more?

Are you spending more than you should on your credit card just to get more rewards? Beware of this action, or you'll fall into a trap. Read this article to learn how to avoid it.

Keep Reading
content

Holiday shopping: 7 best credit card safety tips

Do you fear your money's safety while shopping online or even at stores? Read these tips to learn how to be safe when using your credit cards.

Keep Reading