Merrick Bank Secured Credit Card

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.

Additional Info

Regular APR: 22.70% Variable

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

Credit Line: $200-$3,000, depending on deposit amount

Cash Advance APR: 27.70% Variable

Cash Advance Fee: 4% Min: $10

Late Payment Fee: Up to $40

Return Payment Fee: Up to $40

Foreign Trans Fee: 2%

Minimum Deposit: $200

Regular Transfer APR: N/A

Penalty APR: N/A

Balance Transfer Fee: N/A

Credit Recommended: See website for Details*

Intro (Purchases): N/A

Intro (Transfers): N/A

Specifications

Intro (Purchases)	n/a
Intro (Transfers)	n/a
Regular APR	22.70% Variable
Annual Fee	$36 for first year. Billed $3 per month thereafter
Credit Recommended	See website for Details*
Rewards Rate	n/a
Cash Advance APR	27.70% Variable
Cash Advance Fee	4% Min: $10
Cash Grace Period	n/a
Late Payment Fee	Up to $40
Overlimit Fee	n/a
Return Check Fee	n/a
Foreign Trans Fee	n/a
Balance Transfer Fee	n/a

Introduction to Understanding Credit Cards Credit cards have become an integral part of our daily financial transactions. They offer convenience, security, and flexibility in managing our expenses. However, it is…

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