Merrick Bank credit card offers 2012


Merrick Bank credit cards are designed for people with bad or no credit history. Cards offer monthly credit bureaus reporting so they can help cardholders build/rebuild credit history. You can also compare credit cards issued by Merrick Bank to the best credit cards for credit rebuilding and choose the best credit card for you. Apply for the Merrick Bank credit card via online secure application.

Merrick Bank secured card interest rate


Merrick Bank Secured Visa® Card, like any secured credit card, has no introductory rate on both purchases and balance transfers. Variable regular interest rate 17.45%, which is not the lowest inaterest offered by secured cards today.

When making purchases with Merrick Bank Secured Visa® Card and repaying card's balance fully and on time each months, cardholders would avoid high interest as well as late payment fee, which can be as high as $35. Using the card secured card wisely, carholders will build or rebuild thier credit as the creditor will report cardholders' payment activity to the three major bureaus.

Merrick Bank Secured Visa® Card benefits


Merrick Bank Secured Visa® Card can be used anywhere where cash or other forms of payment are not accepted. The card offers zero fraud liability for unauthorized charges. It's accepted worldwide.

Merrick Bank Secured Visa® Card credit limit


The security deposit, that applicants will provide, will determine his/her credit line. Merrick Bank card credit limit can be anywhere between $300 to $3,000.

Compare Merick Bank card to the best secured cards

Merrick Bank Secured Visa® Card

Orchard Bank® Classic MasterCard® (secured)

First Progress Platinum Secured MasterCard® Credit Card

Annual fee $36.00 the first year. $3/month thereafter. $0 the first year, $35 after that $39.00
Ongoing APR 17.45% Variable 7.99% Variable 14.99% Variable
APR for Cash Advances 22.45% 20.90% 19.99%
Cash Advance Fee either $10 or 4%* 5% ($5 minimum) either $10.00 or 3%*
Late Payment Fee up to $35 up to $35 up to $35
Credit Bureaus Reporting 3 Major Bureaus 3 Major Bureaus 3 Major Bureaus
Credit Limit $300 to $3,000 Based on Credit Profile $300 to $5,000
Apply

*See all fees and rates of the best secured credit cards on issuer's website.

Merrick Bank credit cards summary


Merrick Bank, founded in 1997, specializes in credit programs that assist consumers looking to establish or rebuild their credit rating. The Bank is a top-25 issuer of Visa® cards. In addition, Merrick Bank is an authorized issuer of MasterCard® cards.

Merick Bank credit cards in media: Credit cards from hell by CNN Money.

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The article was updated on 5/15/2012. Some information may have changed since that date. We strongly suggest that you carefully read the Terms and Conditions statement that accompanies credit card applications.

Best Credit Cards Online has financial relationships with some of the cards mentioned here, and Best Credit Cards Online may be compensated if consumers choose to apply for these links in the content, and ultimately sign up for them. We are not compensated for the positive reviews.


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