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Merrick Bank Secured Visa Credit Card

in Personal Credit Cards from Merrick Bank

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Merrick Bank Secured Visa Credit Card

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in Personal Credit Cards from Merrick Bank

SuperMoney Net Recommendation Score +100

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Strongly recommended

6 users recommend
0 users are unsure
0 users don't recommend
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Highlights
Community Rating Strongly recommended
Purchase APR  (Variable APR) Up to 17.45%
Balance Transfer APR  (Variable APR) N/A
Credit Score Range 500 - 850
Annual Fee Up to $36
Number of Reviews 6

Merrick Bank Secured Visa Credit Card Review

This is a secured credit card credit card issued by Merrick Bank. If you're wondering whether Merrick Bank Secured Visa Credit Card is the right card for you, read on. This review will provide you with with all the details you need to make a good choice.

Key Takeaways
  • Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 2% every time you make a transaction outside the U.S.
  • Secured card. This card requires a refundable deposit before you qualify for a line of credit. These cards are often used to improve the credit of people with poor credit or little credit history.
  • Poor credit accepted. This card will consider people who have bad credit. Even if you have poor credit, you may still have good approval odds.
Pros & Cons of Merrick Bank Secured Visa Credit Card
The Good The Bad
  • Good for people with bad credit.
  • Free credit score.
  • Free access to your credit score.
  • Considers applicants with fair or poor credit.
  • Merrick Bank Secured Visa Credit Card reports to multiple credit bureaus.
  • Does not offer a signup bonus.
  • Does not offer rewards or cash back.
  • Charges a foreign transaction fee of 2%.
  • You don't earn rewards on every purchase.
  • Does not include many credit card benefits.
Merrick Bank Secured Visa Credit Card FAQ

Does Merrick Bank Secured Visa Credit Card have a cash back or rewards program?

No, it does not offer a rewards program.

What are the Merrick Bank Secured Visa Credit Card benefits?

It provides the following benefits:

  • Free Credit Score
  • Zero fraud liability
  • Reports to major credit bureaus

What are the relevant APRs for Merrick Bank Secured Visa Credit Card?

It has a variable purchase APR of up to 17.45%.

The card has a variable cash advance APR of up to 22.45%.

Does Merrick Bank Secured Visa Credit Card have an intro APR offer on balance transfers?

No, it does not come with an intro APR offer for balance transfers.

Does Merrick Bank Secured Visa Credit Card 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 Secured Visa Credit Card?

The following fees apply:

  • There is no overlimit fee
Merrick Bank Secured Visa Credit Card Fees
Fees Amount
Annual Fee
Overlimit Fee $0
Foreign Transaction Fee 2%
Returned Payment Fee up to $40
Late Payment Fee up to $40

Does Merrick Bank Secured Visa Credit Card have a foreign transaction fee?

Merrick Bank Secured Visa Credit Card charges a foreign transaction fee of 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 Secured Visa Credit Card?

The Merrick Bank Secured Visa Credit Card customer service number is (800) 204-5936.

How do people rate the customer service and user experience of Merrick Bank Secured Visa Credit Card?

Overall, Merrick Bank Secured Visa Credit Card is strongly recommended based on community reviews that rate customer service and user experience.

Does Merrick Bank Secured Visa Credit Card report your account activity to credit bureaus?

Yes, Merrick Bank Secured Visa Credit Card reports your account activity to the following credit reporting agencies:

  • 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 improve your credit.

How to apply for Merrick Bank Secured Visa Credit Card

  • Visit the Merrick Bank Secured Visa Credit Card website.
  • 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.

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Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Over-Limit Fee $0
Paper Statement Fee $0
Cash Advance Fee Minimum $10
Cash Advance Fee (%) Starting at 4%
Minimum Cash Advance Fee ($) Starting at $10
Foreign Currency Transaction Fee 2%
Annual Fee Up to $36
Minimum Interest Charge $1
Returned Payment Fee Up to $40
Late Fee Amount Up to $40
Customer Type Personal
Minimum Age 18
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Cash
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Employment Statuses Considered
  • Other
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Credit Score Range 500 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Fraud Liability
  • Free Credit Score
Rewards Type No Rewards
Security Deposit $200 - $3,000
Cash Advance APR (Variable APR) Up to 22.45%
Balance Computation Average daily balances (including new purchases).
Credit Limit $200 - $3,000
Purchase APR (Variable APR) Up to 17.45%
Card Type
  • Secured
  • Bad Credit
Card Network Visa

Merrick Bank Secured Visa Credit Card Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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