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  Merrick Secured Visa

Merrick Secured Visa

in Personal Credit Cards from Merrick Bank

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Merrick Secured Visa

Unaffiliated

in Personal Credit Cards from Merrick Bank

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Highlights
Highlights
Annual Fee $36
Purchase APR  (Variable APR) Starting at 19.7%
Balance Transfer APR  (Variable APR) N/A
Credit Score Range N/A

Merrick Secured Visa Review

Merrick Secured Visa is a secured credit card credit card issued by Merrick Bank. 

Secured cards are credit cards that require a refundable deposit before you qualify for a line of credit. These cards are often used to build the credit of consumers with with poor credit or little credit history.

If you're wondering whether Merrick Secured Visa is the right card for you, read on. This is everything you need to know to make a good choice.
Pros & Cons of Merrick Secured Visa
Pros Cons
  • If the account is paid responsibly, this can have a positive impact on improving the customer's credit rating.
  • Customers who are unable to qualify for other credit cards have a chance to be approved for this one.
  • The first year comes with a $36 annual fee, taken out of the customer's deposit.
  • Customers who don't pay off their balance each month are paying interest on their own deposit.
  • Is there a Merrick Secured Visa cash back or rewards program?

    No, Merrick Secured Visa does not offer a rewards program.

    Merrick Secured Visa Rewards
    Rewards rate (all purchases) N/A
    Max rewards rate N/A
    Annual rewards limit N/A
    Signup Bonus ($) N/A
    Signup Bonus Spend Requirement $0

    What are the Merrick Secured Visa benefits?

    Merrick Secured Visa provides the following benefits:

    • Free Credit Score
    • Fraud Liability
    • Reports to major credit bureaus

    What are the relevant APRs for Merrick Secured Visa?

    Merrick Secured Visa has a variable purchase APR starting at 19.7% .

    It also has a variable cash advance APR starting at 24.7% .

    Does Merrick Secured Visa have an introductory APR offer?

    Merrick Secured Visa does not offer an introductory rate on new purchases.
    Merrick Secured Visa Rates & Terms
    Purchase APR Starting at 19.7%
    Cash Advance APR Starting at 24.7%

    What are the Merrick Secured Visa fees?

    The following fees apply to Merrick Secured Visa:

  • There is no overlimit fee
    Merrick Secured Visa Fees
    Fees Amount
    Annual Fee $36
    Overlimit Fee $0
    Foreign Transaction Fee 2%
    Returned Payment Fee up to $39
    Late Payment Fee up to $39

    Does Merrick Secured Visa have a foreign transaction fee?

    Merrick Secured Visa 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 a foreign transaction fee.

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

    Merrick Secured Visa 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 can help improve your credit score.

    How to apply for Merrick Secured Visa

    • Visit the Merrick Bank website.
    • Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, annual income, and source of employment.
    • Check the information is accurate and submit your application.
    • If you're denied click here to find out why your application may have been rejected and what you can do about it.

    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...
  • Contact

    • Headquarters
    •   10705 South Jordan Gateway
      Suite 200
      South Jordan, UT 84095 USA
    •   Visit Site

    Message from Merrick Bank

    Annual Fee: $36 the first year. Billed $3 per month thereafter.

    About Merrick Secured Visa

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    Availability

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

    Feature Breakdown

    No Interest Grace Period for Late Payment 25
    Over-Limit Fee $0
    Paper Statement Fee $0
    Returned Payment Fee Up to $39
    Minimum Interest Charge $1
    Annual Fee $36
    Late Fee Amount Up to $39
    Minimum Cash Advance Fee ($) Starting at $10
    Cash Advance Fee (%) Starting at 4%
    Foreign Currency Transaction Fee 2%
    Minimum Age 18
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Other
    • Retired
    • Self-Employed
    Military Status
    • Active Duty Military
    • Military Dependent
    • Non-Military
    • Veterans
    Customer Type Personal
    Fraud Liability  
    Free FICO Score  
    Credit Card Benefits
    • Fraud Liability
    • Free Credit Score
    Purchase APR (Variable APR) Starting at 19.7%
    Cash Advance APR (Variable APR) Starting at 24.7%
    Balance Computation average daily balance

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