Your new Merrick Bank credit card will be ready to make purchases in just a few minutes, regardless of which method you use to activate it. Merrick Bank does not have a certain time limit within which you need to activate your card, but it’s best to do it as soon as possible.
How to Activate a Merrick Bank Credit Card
By phone: Call 1 (800) 204-5936 or the number on the sticker attached to the front of the card. Verify your personal information (e.g. Social Security number, card number, or phone number associated with your application) to activate your card.
On the website: Log in to your Merrick Bank account (or create an account if you don’t have one) and find the activation page. Enter any requested security information, including your full card number, the last four digits of your SSN, and your date of birth. Activate your card as instructed.
On mobile: Log in to the Merrick Bank mobile app using the same credentials that you’d use to log in online. Tap the credit card activation button, then enter any security information that’s requested on the following page.
Your new Merrick Bank credit card will be available for purchases immediately after activation. If you have any trouble activating your card, Merrick Bank customer service can always help you out. You can give them a call at 1 (800) 204-5936.
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.
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:
The highest credit limit for Merrick Bank is $3,000, for the Merrick Bank Secured Card. The actual credit limit for this card is determined by the amount a cardholder puts down for the card’s required security deposit, which starts at $200.
Merrick Bank does not disclose its highest credit limit for the unsecured Merrick Bank Credit Card. The card does set an initial credit limit ranging from $550 to $1,350 upon approval, though. The information on your application will determine where within the range your exact credit limit will be.… read full answer
Fortunately, the initial credit limit you receive with the Merrick Bank Credit Card may only be for the short-term, thanks to the card’s “Double Your Line” feature. After you use the Merrick Bank Credit Card and pay at least the minimum amount due on time for the first seven months you have the card, you’ll be eligible for the double credit line increase.
You can get a Merrick Bank cash advance at any ATM. To do so, just insert your card, then enter your PIN and choose the cash advance option. After that, enter the amount you want to withdraw and acknowledge the fee disclosure to receive the cash advance.
Cash advances come with high APRs: Depending on the card and your overall creditworthiness, the cash advance APR can be as low as 26.70% (V) or as high as 28.70% - 34.95% (V). There’s no grace period on a cash advance so interest starts accruing right away.
There is a cash advance fee: The fee for a cash advance is 4% (min $10). This is on top of any fees an ATM owner may charge.
Cash advances require a PIN: To use a Merrick Bank credit card for cash advances at an ATM, you will need a PIN. If you didn’t create a PIN when you applied for the card, you can request one by calling customer service at (800) 204-5936.
Ultimately, keep in mind that cash advances are really expensive. So, it would be best to avoid using your Merrick Bank credit card for cash advances, unless absolutely necessary.
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