Card Category: Secured
If your credit rating is less than ideal, a secured credit card could be the financial tool you need. While it functions just like a regular credit card, the key distinction is that you’ll be required to make a cash deposit to receive approval. This deposit acts as your collateral and credit limit, providing peace of mind for both you and the card issuer. With a wide range of secured credit card offers to choose from, you’ll have no difficulty finding one that meets your eligibility criteria, interest rates, and other important details.
Merrick Bank Secured Credit Card
Get your FICO® Credit Score for free each month.
-
Card Brand
MasterCard
-
Rewards Rate
n/a
-
Annual Fee
$36 for first year. Billed $3 per month thereafter
-
Credit Recommended
See website for Details*
-
Regular Purchase APR
22.70% Variable
- Full Details
Highlights
- 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. We report your payment history to all three major credit-reporting agencies.
- 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 available Auto Pay and account alerts.
- Card issued by Merrick Bank, Member FDIC.
OpenSky® Secured Visa® Credit Card
No credit check required – 89% approval rate with zero credit risk to apply!
-
Card Brand
Visa
-
Rewards Rate
Up to 10% cash back rewards
-
Annual Fee
$35
-
Credit Recommended
No credit, Poor, Fair
-
Regular Purchase APR
24.64% (variable)
- Full Details
Highlights
- Earn up to 10% cash back on everyday purchases
- No credit check required – 89% approval rate with zero credit risk to apply!
- Boost your credit score fast—2 out of 3 OpenSky® cardholders see an average increase of 47 points after 6 months
- Track your progress with free access to your FICO® score in our mobile app
- Build your credit history with reporting to all three major credit bureaus: Experian, Equifax, and TransUnion
- Seamless payments—add your card to Apple Pay, Google Pay, and Samsung Pay
- Start with just $200—secure your credit line with a refundable deposit
- Fast and easy application—apply in minutes with our mobile-first experience
- Flexible payment options—pick a due date that works for you
- More time to fund—spread your security deposit over 60 days with layaway
- Join 1.6 million+ cardholders who have used OpenSky® to build better credit!
View All Other Cards
