The Ultimate Guide to Credit Cards
Saturday, November 28, 2020

Merrick Bank Secured Visa® from Merrick Bank

► 2020 Review, Application & Rates

"With low fees, a reasonable APR, and automatic account reviews for credit line increases, this secured card is a good choice for those looking to build credit."
- Toby Sembower,
Advertiser Disclosure
Merrick Bank Secured Visa® from Merrick Bank Review

at the issuer'ssecure website

BEST OVERALL RATING

★★★

3.3

OVERALL RATING

3.3/5.0
  • 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.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
17.45% Variable
$36 for first year. Billed $3 per month thereafter
See website for Details*

Interest Rate

Annual Fee

Credit Needed

Ratings By Category

Bad Credit
(Ranked #27 out of 32)
★★★★
4.0
Best Overall
★★★
3.3
Instant Approval
(Ranked #15 out of 18)
★★★★
4.0
Low APR
(Ranked #23 out of 37)
★★★★
3.7
No/Limited Credit
(Ranked #24 out of 27)
★★★★
4.0
Secured
(Ranked #7 out of 13)
★★★★
4.3

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