Credit Cards (US)
Merrick Bank Double Your Line Mastercard review
Merrick Bank Double Your Line Mastercard helps you rebuild your credit effortlessly. Check out the review!
Merrick Bank Double Your Line Mastercard: deposit $200 and get a $400 credit line
Merrick Bank offers various types of loans, including credit cards. The range of cards includes unsecured and secured ones for rebuilding credit. Let’s review the Merrick Bank Double Your Line Mastercard credit card features.
The Double Your Line Secured credit card might be an excellent option for you if your goal is to reestablish your good credit score.
Check out the summary right below!
|Credit Score||All credit scores are considered|
|Regular APR||From 19.70% on purchases to 24.70% on cash advances (variable APR)|
Now, keep reading our Merrick Bank Double Your Line Mastercard review to learn how this secured card works and how it could help you with your credit-building.
Learn how a Merrick Bank Double Your Line Mastercard works
Merrick Bank offers many tools for you to rebuild credit. One of those tools is the Double Your Line® Secured Credit Card.
This card works like any other secured card available on the market. But, unlike other secured cards, this one doubles the value of your security deposit to make it your new credit line if you follow some requirements.
Firstly, a secured card provides an effortless and controlled way for you to reestablish credit. It works like a traditional and unsecured credit card. However, it requires a security deposit.
The security deposit will be your credit limit, then. On the other hand, the Double Your Line Secured from Merrick Bank offers more than that.
You have the possibility of doubling the limit by making at least minimum payments on time during the first seven months from the account opening.
This card also reports to all three major credit bureaus, offers a low-interest rates, and free access to your FICO® Score every month. Furthermore, it provides $0 fraud liability and automatic credit line reviews.
Also, it is a Mastercard, which means you get additional benefits and exclusive access to experiences through Mastercard programs.
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Credit score recommended
This card is secured, which means all credit scores are considered in the application. However, you must meet some eligibility requirements, as follows:
- Be at least 18 years old;
- Be a US resident with a valid Social Security Number;
- Don’t have any pending bankruptcy or outstanding tax obligations;
- Meet minimum income affordability.
Merrick Bank Double Your Line Mastercard highlights
Merrick offers a secured card that works like any other secured card available on the market. However, it doubles your credit line.
For example, you deposit $200, make the first seven monthly payments on time, and the bank doubles your credit limit to $400 with no additional deposit needed.
Also, the Double Your Line Secured Credit Card offers free access to your credit score, security features, and exclusive benefits offered by Mastercard.
- The card reports to all three major credit bureaus;
- It offers the possibility to double the credit line with no additional security deposit;
- It provides free access to FICO® Score every month and $0 fraud liability;
- It runs automatic credit line reviews;
- It offers Mastercard benefits and exclusive experiences.
- It lacks rewards;
- It charges an annual fee in the first year (after that, a $3 is billed monthly);
- It lacks a welcome bonus.
Apply for a Merrick Bank Double Your Line Mastercard
Now, learn how easy and fast it is to get your Merrick Bank Double Your Line Mastercard and reestablish your credit effortlessly.
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