Yes, the Merrick Bank Secured Card can graduate to a partially-unsecured account if you use the card responsibly for at least a year. After the first year, Merrick Bank will periodically review your credit line, and your limit may be increased without needing to add to your security deposit.
In addition to that, if you manage to keep a good payment history, they may "pre-approve" you for their unsecured offering. With that said, it's important to know that you will need to submit a separate application for the unsecured version. Your entire credit history will be pulled and that will result in a hard inquiry on your report and a possible dent in your credit score.
You can get a Merrick Bank credit card limit increase by using your card and paying the bill on time for the first seven months you have one of Merrick Bank's unsecured credit cards. Your credit limit will automatically be doubled.
After that, Merrick Bank will review your account each year to decide if it's fit for an increase. You can improve your chances of qualifying for one by always paying your bills in full by their due date. A higher income and credit score than when you were approved for the card couldn’t hurt either.… read full answer
Alternatively, if you have a Merrick Bank secured card, you can increase your credit limit by calling (800) 204-5936 and adding to your security deposit.
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