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.
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 housing status.… read full answer
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