Maria Adams, Credit Cards Moderator
@m_adams
Yes, the Merrick Bank Secured Card does a hard pull. You can apply for it with bad (300+) credit, though.
You can check if you prequalify for the Merrick Bank Secured Card on Merrick Bank’s website, which will not affect your credit score as it will be a soft pull. However, if you do prequalify and want to get the card, you will need to submit an actual application which will result in a hard pull.
Ultimately, it is worth noting that a hard pull usually causes an applicant's credit score to drop by 5-10 points. Most people’s scores bounce back within 3-6 months with responsible credit management, but it can take up to 12 months. You can learn more about how to minimize the credit score damage by reading this article.
People also ask
How long does it take to get a Merrick Bank credit card in the mail?
It should take up to 2 weeks to get your Merrick credit card in the mail after you get approved. However, some cardholders have reported a delivery time of almost a month. You should also keep in mind that the application process might also take up to 2 weeks. In case your card hasn’t been delivered in more than 2 weeks of approval, the best thing would be to call customer service at (800) 204-5936.
If you’re...
read full answerWhat's the Merrick Bank Secured credit score requirement?
The Merrick Bank Secured Card accepts people with a 300+ credit score. This means that your chances of approval are high, even if you have bad credit.
You should note that while your credit score is an important factor, there are plenty of other things that will impact your chances of being approved for the Merrick Bank Secured Card, too. Some other key criteria include your income, existing debt load, number of open accounts, recent credit inquiries, employment status and...
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