Credit Cards

Merrick Bank Double Your Line® Secured Visa® card full review

For those with a bad credit history, applying for traditional credit cards might be frustrating. Thinking of it, let’s present to you the Merrick Bank Double Your Line® Secured Visa® review!

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by Aline Augusto

Published on 12/26/2021

Merrick Bank Double Your Line® Secured Visa® card 

Merrick Bank Double Your Line® Secured Visa® review. Source: Merrick Bank.
Merrick Bank Double Your Line® Secured Visa® review. Source: Merrick Bank.

In today’s Merrick Bank Double Your Line® Secured Visa® review, you’ll learn all about this amazing financial product.

So, the Merrick Bank specializes in credit cards for those with a bad credit score. Those cards not only accept you if you don’t have a perfect credit history but also help you build or rebuild your score.

So, if that’s your reality, you should look closely at Merrick cards.

That’s why we brought to you a secured card that might be a great option for you since it doesn’t require a credit check, the Merrick Bank Double Your Line® Secured Visa®.

Then, keep reading our review on this post!

Credit ScorePoor 
Annual Fee$36 in the first year
$3 monthly after that
Regular APRVariable 17.45%
Welcome bonusNone
RewardsNone
Merrick Bank Double Your Line® Secured Visa® fundo branco

How to get Merrick Bank Double Your Line® Secured?

Get your Merrick Bank Double Your Line® Secured Visa® without a credit check. See how to apply for it!

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How does the Merrick Bank Double Your Line® Secured Visa® credit card work?

Merrick offers a range of credit cards that allow you to build a credit history. There are unsecured cards and secured ones. The main difference between them is the security deposit needed when applying for it.

But note that this deposit works like a credit line. And the Double Your Line® Secured Visa® gives you the possibility to double it.

Then, after seven months from the account opening, you can double your credit line without making another security deposit. The only requirement is that you need to pay at least your minimum due every month.

Also, this bank provides you with low-interest rates, access to FICO® Score, and as it reports to all major credit bureaus, you can work on your credit-building.

Merrick Bank Double Your Line® Secured Visa® benefits

Learn more about the Merrick Bank Double Your Line® Secured Visa® card. Source: Pexels.
Learn more about the Merrick Bank Double Your Line® Secured Visa® card. Source: Pexels.

Besides the fact that it helps you rebuild your credit history, this card features fraud coverage, and it is FDIC-insured.

Plus, clients say that the customer service is pretty good and helpful.

However, note that it charges an annual fee in the first year and monthly fees after that. Furthermore, it charges a 2% for foreign transaction fee and $40 for late payments.

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Pros

  • It allows you to build credit score
  • It offers fraud protection
  • Plus, it provides access to FICO® Score
  • It reports to all major credit bureaus
  • You can double your credit line within 7 months

Cons

  • It requires a security deposit
  • It charges annual, monthly, foreign transaction, and late payment fees

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How good does your credit score need to be?

You don’t need to worry about it because this card doesn’t require a perfect credit history for the application process.

How to apply for a Merrick Bank Double Your Line® Secured Visa®?

If a bad credit score is your problem, a Merrick Bank Double Your Line® Secured Visa® credit card might be your solution. Then, learn now how to apply for one!

Merrick Bank Double Your Line® Secured Visa® fundo branco

How to get Merrick Bank Double Your Line® Secured?

Get your Merrick Bank Double Your Line® Secured Visa® without a credit check. See how to apply for it!

About the author

Aline Augusto

My name is Aline Mesquita; I'm a writer here on the blog, where I write about finance in general and other subjects. I have been working with content creation for ten years. Also, I'm post-graduated in Project Management, with expertise in SEO practices. Currently, I am studying finance, market trends, and cryptocurrencies.

Reviewed by

Aline Barbosa

Senior Editor

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