Credit Cards (US)

Merrick Bank Secured Visa® review

Build or rebuild your credit history choosing the right card to help you with that. Check out this Merrick Bank Secured Visa® review and get back on track!

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by Aline Augusto

Published on 02/01/2022

Merrick Bank Secured Visa® credit card: reestablish a good credit score!

Keep reading our Merrick Bank Secured Visa® review! Source: Vimeo Merrick Bank.
Keep reading our Merrick Bank Secured Visa® review! Source: Vimeo Merrick Bank.

Check out this Merrick Bank Secured Visa® review and get back on track! It is not easy to get approved in an application for a credit card when you have a poor credit history, right?

But Merrick Bank delivers cards to help you get back on track. That’s because they believe and proudly serve people to achieve long-term financial stability.

So, today we will present you with another Merrick card to help you reestablish a good credit score.

Check out the Merrick Bank Secured Visa® review!

Credit ScoreBad
Annual Fee$36
Regular APR17.45%  – Variable
Welcome bonusNone
RewardsNone
Logo Merrick Bank fundo azul

How to apply for Merrick Bank Secured Visa®?

Build or rebuild your credit with a Merrick Bank Secured Visa®! Learn how to get yours!

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

With this card, you can pick your own line of credit. As a secured credit card, you need a security deposit to start using it after application.

And this deposit can range from $200 to $3,000. So, depending on how much you initially deposit, this will be your line of credit.

Also, as it reports to all three major credit bureaus, it helps you build or rebuild your credit history. Therefore, you don’t need a perfect credit score to apply for it.

Plus, this Visa offers Zero Fraud Liability, worldwide ATM access, exclusive deals on travel, entertainment, shopping, and periodic reviews for increasing credit lines if using your card responsibly.

Furthermore, Merrick Bank features FICO Score for free every month it is provided to them.

Finally, you can count on low-interest rates compared to other cards in the market.

Merrick Bank Secured Visa® benefits

See what are the benefits of the Merrick Bank Secured Visa® card. Source: Pixabay.
See what are the benefits of the Merrick Bank Secured Visa® card. Source: Pixabay.

The main feature is the possibility to reestablish good credit history by using this card responsibly and paying off bills on time.

This card not only offers all Visa convenience, acceptance, and perks but also allows you to choose your credit line according to the initial security deposit you make.

Pros

  • It helps you build or rebuild credit history since it reports to all three major credit bureaus;
  • It offers access to FICO® Score each month for free;
  • Also, it charges competitive and fair interest rates;
  • It provides you with $0 Fraud Liability;
  • It features exclusive deals on travel, shopping, and entertainment, offered by Visa;
  • The credit line can be reviewed as the card is used responsibly.

Cons

  • As a secured card, a security deposit is required;
  • It charges a 2% foreign transaction fee;
  • It charges an annual fee.

How good does your credit score need to be?

You don’t need a perfect credit history to apply for it. In fact, it helps you build or rebuild your credit score. So, you can apply for it even if you have bad credit.

However, note that you must not have a pending bankruptcy.

How to apply for Merrick Bank Secured Visa®?

What do you think about reestablishing your credit history and working on getting back on track to achieve stability in the future? Then, learn how to apply for a Merrick Bank Secured Visa®!

Desenho de pessoa segurando cartão Merrick Bank

How to apply for Merrick Bank Secured Visa®?

Build or rebuild your credit with a Merrick Bank Secured Visa®! Learn how to get yours!

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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