Is Merrick Bank Secured Credit Card the right fit for you?
Last Updated: 01/08/2026
SuperMoney User Recommendation Score +75
Strongly recommended12 total votes
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Highlights
Community Rating
Strongly recommended
Purchase APR (Variable APR)
21.95%(Verified 01/08/2026)
Disclaimer popup with additional information
Balance Transfer APR (Variable APR)
N/A(Verified 01/08/2026)
Credit Score Range
300 - 640
Annual Fee
Up to $36
Number of Reviews
Merrick Bank Secured Credit Card Review
This is a secured credit card issued by Merrick Bank. If you're wondering whether Merrick Bank Secured Credit Card is the right card for you, read on.
Key Takeaways
- APR: This is not a great card for people who carry a balance. It has a variable regular purchase APR of 21.95%
- Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of up to 2% every time you make a transaction outside the U.S.
- Secured card. This card requires a refundable deposit before you can use the account. Deposits are returned upon account closure after settling outstanding balances. These cards can help people with poor credit or little credit history build their credit.
- Poor credit accepted. This card will consider people who have poor credit.
Pros & Cons of Merrick Bank
| The Good | The Bad |
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Merrick Bank FAQ
Does Merrick Bank have a cash back or rewards program?
No, it does not offer a rewards program.
| Description |
- Free Credit Score
- Zero fraud liability
- Reports to major credit bureaus
What are the relevant APRs for Merrick Bank?
According to the Federal Reserve Board, the average regular APR for accounts that carry a balance (as of November 2024) is 22.80%. This card has lower than average regular APRs.Merrick Bank Secured Credit Card has a variable purchase APR of 21.95%. Merrick Bank Secured Credit Card does not offer balance transfers. It also has a variable cash advance APR of 26.95% .
Does Merrick Bank have an intro APR offer on balance transfers?
No, it does not come with an intro APR offer for balance transfers. Merrick Bank Secured Credit Card does not offer balance transfers.Does Merrick Bank have an intro APR offer on new purchases?
This card does not offer an intro APR rate on new purchases.What are the fees for Merrick Bank?
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Returned Payment Fee | Up to $40 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Foreign Currency Transaction Fee | Starting at 2% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Annual Fee | Up to $36 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Paper Statement Fee | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Late Fee Amount | Up to $40 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Cash Advance Fee ($) | Starting at $10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash Advance Fee (%) | Starting at 4% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
This card charges an annual fee of up to $36.
Does Merrick Bank have a foreign transaction fee?
Merrick Bank charges a foreign transaction fee of up to 2%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $40. If you travel abroad you may want to leave this card at home and apply for one that doesn't charge foreign transaction fees.What is the customer service phone number for Merrick Bank?
The customer service number for Merrick Bank is (800) 204-5936.
What is the support contact email for Merrick Bank?
The support contact email for Merrick Bank is reclending.customerservice@merrickbank.com.
How do people rate the customer service and user experience of Merrick Bank?
Overall, Merrick Bank is strongly recommended based on community reviews that rate customer service and user experience.
Does Merrick Bank Secured Credit Card report your account activity to credit bureaus?
Yes, Merrick Bank Secured Credit Card reports to the following credit bureaus:
- Equifax
- Experian
- TransUnion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.
Does Merrick Bank perform a hard credit pull?
Yes, Merrick Bank performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
How to apply for Merrick Bank
- Visit the website of Merrick Bank.
- Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
- Check the information is accurate and submit your application.
If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Other Services by Merrick Bank
Personal Loans
9
3
13 Reviews
Other Credit Cards from Merrick Bank
Purchase APR
23.95% - 29.95%
Disclaimer popup with additional information
Balance Transfer APR
N/A
Credit Score Range
300 - 700
300
850
Annual Fee
$0 - $72
SuperMoney Net Recommendation Score
SuperMoney users strongly recommend this product, giving it a user recommendation score of +75, or 4.5 on a 5-point rating scale.
+75
-1000+100
No one recommends
Everyone recommends
Merrick Bank Secured Credit Card Community Reviews
Would you recommend Merrick Bank Secured Credit Card to your friends?
PP
Presley P.
Mar 6, 2022
May or may not recommend
Offers benefits that no other card gives, easy to signup, always satisfied.
DC
Daniel C.
Feb 17, 2022
May or may not recommend
It's a variable rate APR but it's one of the lowest maximum rates out there. Of course you get the benefit of that APR by having to pay a decent annual fee so it's a trade off.
Taylor B.
Feb 14, 2022
May or may not recommend
Some pros would be the low annual fee and quick process to apply but the APR can be high if you don't have pretty good credit. Be sure to compare rates
Jas T.
Jan 31, 2022
May or may not recommend
Would definitely recommend this as a credit card choice when buying cars, homes, or other grandiose objects.
Helped my grandma buy her 3rd car with their services and they were even able to get her money back!
The annual fee is the most reasonable one I’ve seen out of my other cards and the customer-service team is extremely reliable and attentive.
RF
Robyn F.
Jan 12, 2022
May or may not recommend
I would recommend this card since the annual fee is low. However, you have to have a good credit score to get this card.
Candice L.
Jan 10, 2022
May or may not recommend
I would recommend Merrick Bank Secured Visa Credit Card because the application process is quick and simple and you have a few choices so it's not too overwhelming to navigate around the website. I like how you get monthly credit reports as well as your FICO score each month. I like how you can choose the mobile option and paperless statements. I like how it advice on managing money for ...Show More
LH
Lashane H.
Dec 3, 2021
May or may not recommend
I have had this card about 3 months and my credit score has already gone up over 50 points. I You do have to start with an opening deposit, but if you use their mobile app its easy to track spending and paying on your balance so quick.
SB
Shelby B.
Nov 18, 2021
May or may not recommend
I love this card, the application process was super easy, even though my credit isn't the greatest I still got approved. The APR is a little high but there are not too many other fees that come with the card. The deposit being refundable is also a plus as I know It's my money I'm using. They report to all three credit bureaus ensuring that my payments are affecting ...Show More
Jasmin O.
Nov 12, 2021
May or may not recommend
Merrick is a great choice I made to help build my credit for a first-time credit card user, and autopay makes paying your bills easy. The only con I have is the annual fee.
LB
Leonard B.
Nov 10, 2021
May or may not recommend
A credit card that only requires a minimum 500 credit score is a must! Especially if the annual fee isn't split into two or more payments throughout the year.
PC
Patrick C.
Oct 9, 2021
May or may not recommend
I started out with Merrick Bank several years ago and they really helped me establish my credit. They have given me increases when I deserved them and when I have ever had a question or any information their customer service representatives have always been helpful and knowledgeable. I would definitely recommend Merrick bank to anyone looking to start their credit journey or just need a good reliable credit card. Thanks ...Show More
Cody B.
Oct 6, 2020
May or may not recommend
I recommend Merrick Platinum Visa.
Credit card companies to me are pretty much all the same: they extend to you revolving credit. If you use that credit and don’t pay off your balance in full, you’re charged interest at the disclosed rate. Simple.
Merrick, unlike some other credit card companies, like Credit One Bank, make it easy to pay your bill. Merrick’s web interface is easy to navigate and you can set ...Show More
Showing 12 of 12 reviews
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