Yes, Merrick Bank is a legitimate credit card company. It issues both Visa and Mastercard credit cards, and it has nearly three million customers. This company is specialized in helping customers build or rebuild their credit.
Here’s why Merrick Bank is legit:
Merrick Bank is an authorized company, founded in 1997.
Merrick Bank has been accredited by the Better Business Bureau (BBB) since 2012. It also has an “A” rating from BBB.
Nearly 3 million people have a Merrick Bank credit card.
All Merrick Bank credit cards benefit from zero liability protection, so you won’t be held responsible for unauthorized charges made with your card or account information.
As you can see, Merrick Bank is a legit company. However, whether a Merrick Bank credit card is the best option for you depends on your unique financial needs. The Merrick Bank Classic Secured Credit Card, for example, is a good way to start building or rebuilding your credit, as it is open to applicants with bad credit.
Here are some of the best Merrick Bank credit cards:
Yes, Merrick Bank does offer an unsecured credit card, the Merrick Bank Credit Card. This card is sometimes referred to as the “Double Your Line Visa,” because it offers the opportunity to double your credit limit if you pay on time for the first 7 months the account is open.
The Merrick Bank Credit Card is available to people with bad credit, but only people who have been pre-qualified can apply. If you haven’t already received a pre-qualified offer from Merrick Bank by mail, you can check if you’re pre-qualified … read full answeronline.
Merrick Bank Credit Card fees and APRs to keep in mind:
The Merrick Bank Credit Card comes with an annual fee of $0 - $72 1st yr, $0 after, depending on your credit standing. The card may also charge a one-time fee, as well as a monthly fee. Plus, this card’s APR on purchases can be as low as 21.7% (V) and as high as 30.7% (V), once again, depending on your overall credit standing. You’ll be able to see all of the details once you receive a pre-qualified offer. You can read the terms over before deciding to apply.
What to do if you don’t get the Merrick Bank unsecured credit card:
If you don’t pre-qualify for the Merrick Bank Credit Card, you could get the Merrick Bank Double Your Line® Secured Credit Card. This card is also marketed toward people with bad credit. It’s easy to get approved for, though, because it requires a refundable security deposit of at least $200. The amount of your deposit determines the credit limit. The annual fee is: $36 1st yr, $0 after. This card’s APR is 19.7% (V).
Ultimately, it’s worth noting that there are several unsecured credit cards with lenient approval odds on the market. You could check out our editors’ latest picks for the best unsecured credit cards for bad credit to weigh your options.
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