Christie Matherne, Credit Card Writer
@christie_matherne
The Mercury Credit Card may use Experian, Equifax, or TransUnion credit reports to assess your creditworthiness when you apply, according to anecdotal evidence. So, if any of your credit reports are frozen, you should unfreeze them before applying for the card.
Key Things to Know
- The Mercury Credit Card requires fair credit or better.
- When you apply, The First Bank and Trust Company will perform a hard inquiry on your credit report, which might temporarily damage your credit score by a few points.
- If you’re approved for the card, The First Bank and Trust Company will report information about your card usage and payment history to Equifax, Experian, and TransUnion once a month.
- Your major credit reports contain nearly identical information. If one includes negative information, the other two probably will as well.
- It’s a good idea to check for any mistakes on your credit reports so you can dispute them right away.
You can review your TransUnion credit report as well as check your credit score for free, right here on WalletHub.
Popular Credit Cards from Our Partners
People also ask
What credit score do you need for the Mercury Credit Card?
The minimum credit score an applicant will need to have good approval odds for the Mercury Credit Card is 640. That means people with fair credit or better will have a shot at getting approved for the Mercury Credit Card.
Bear in mind that even if you meet the minimum credit score requirement, you must still receive a pre-approval notification from Mercury with a reservation code just to apply for the card. You should also note that while...
read full answer by Chip Lupo, Credit Card WriterWhat is the Mercury Credit Card credit limit?
The Mercury Credit Card credit limit is around $500 to start, according to forum posts, and some cardholders report limits as high as $5,000. First Bank & Trust Company does not disclose any specific Mercury Credit Card credit limit information in the card’s terms, though.
Mercury Credit Card credit limits depend on each applicant’s overall creditworthiness, for the most part. People with the most income and the best credit scores are generally offered the highest starting credit limits.
That...
read full answer by Chip Lupo, Credit Card WriterDoes the Mercury Credit Card do a hard pull?
Yes, the Mercury Credit Card does a hard pull on your credit report when evaluating your credit card application. Having said that, you will need at least fair credit to get this card.
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...
read full answer by Brianne Larch, WalletHub Credit Card AnalystDid we answer your question?
Important Disclosures
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers. For full transparency, here is a list of our current advertisers.
Advertising impacts how and where offers appear on this site (including, for example, the order in which they appear and their prevalence). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.
Advertising enables WalletHub to provide you proprietary tools, services, and content at no charge. Advertising does not impact WalletHub's editorial content including our best picks, reviews, ratings and opinions. Those are completely independent and not provided, commissioned, or endorsed by any company, as our editors follow a strict editorial policy.