Merrick Bank Credit Card Reviews, Rules & Opinions

Merrick Bank is not a conventional banking institute where you will find checking or savings accounts. It focuses on providing personal loans, credit cards, certificates of deposits and other acquiring services. They offer credit to people with lower and even poor credit scores as well as people who want to build or rebuild their credit history. They offer three different credit cards, two of which are secured ones. You can get up to $3,000 as a line of credit. However, it will depend on the type of card and the security deposit.

There are two types of Merrick Bank cards that MoneyGeek researched, but three cards in total. Merrick Bank offers two secured credit cards and one unsecured credit card. The minimum security deposit for secured credit cards is $200. You get free FICO scores every month with their credit cards, and they report to all the three major credit bureaus.

MoneyGeek lists the best credit cards from Merrick Bank every month on the basis of changes in reward categories, welcome bonuses and other criteria. The top cards of Merrick Bank in 2023 are as follows.

Applying for Merrick Bank credit cards is easy since the process can be completed online. You can apply for their secured credit cards even with a poor credit score.

Before you apply for a Merrick Bank credit card, you need to consider different factors to evaluate and understand whether the card is suitable for you. The factors include customer services, mobile applications, rewards, charges and more.

Merrick Bank offers both secured and unsecured credit cards. However, the secured ones are more popular because they are offered to people with lower credit scores. Merrick Bank also offers $0 fraud liability protection, FICO scores for free, and you can double your credit limit within just seven months by paying bills on time. Keep in mind that the APR is on the higher side, and Merrick Bank also charges foreign transaction fees.

Merrick Bank credit cards and the offerings can be suitable for the following people:

Merrick Bank credit cards are a good option for people with low or no credit scores. However, you can compare Merrick Bank cards and other credit card issuers and their offering to find the one that suits your requirement the best.