Merrick Bank Credit Cards Reviews

Yes, Merrick Bank is a legitimate credit card company that issues real credit cards. It is a top 20 VISA credit card issuer with nearly three million customers, specializing in helping customers build, or rebuild their credit.

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.

The Merrick Bank Classic Secured Visa Card (their most popular offering) is a good way to start building or rebuilding your credit, as it is open to applicants with Bad credit. It does have an annual fee ($36 1st yr, $0 after), which gets replaced by a monthly fee ($0 1st yr, $3 after) on your first account anniversary, but it only requires a minimum refundable security deposit of $200. Your deposit acts as your credit line and you can add to it whenever you like, up to the maximum amount allowed.

You can also check out other secured credit card offers, as well as find some additional tips on how to improve your credit and monitor your credit score for free, right here on WalletHub.

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 Platinum Visa. The card does set an initial credit limit ranging from $550 to $1,200 upon approval, though. The information on your application will determine where within the range your exact credit limit will be.

Fortunately, the initial credit limit you receive with the Merrick Bank Platinum Visa may only be for the short-term, thanks to the card's “Double Your Line” feature. After you use the Merrick Bank Platinum Visa 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.

There are three credit cards under Merrick Bank: the Merrick Bank Platinum Visa Card, the Merrick Bank Classic Secured Visa Card, and the Merrick Bank Double Your Line® Secured Visa Card. All of Merrick Bank's credit card offers are aimed at people with damaged credit who may be looking to rebuild their credit score.

Credit Cards Under Merrick Bank

Merrick Bank credit cards can be helpful to people who have made credit mistakes in the past. For more options, you can also check out WalletHub's 2022 picks for the best credit cards for bad credit.

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.

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.

The easiest way you can pay your Merrick Bank credit card is online, either through the Cardholder Center, or by using the goMobile app. Alternatively you can make a credit card payment by phone at (800) 204-5936, via mail or through a money services.

Here's how you can pay your Merrick Bank credit card:

• Online: You can make a credit card payment online, by logging in to your Cardholder Center account.
• Mobile app: Merrick Bank credit card payments can also be made through the goMobile app for iOS and Android.
• Phone: You can also make a credit card payment over the phone at (800) 204-5936. You will have the option to either speak with an agent or use the automated system.
• Mail: For a regular mail, the address is:
   
  Merrick Bank
  P.O. Box 660702
  Dallas, TX 75266-0702
   
  Overnight mail payment
   
  Merrick Bank
  Attn: Lockbox Operations #660702
  2701 East Grauwyler Road, BLDG 1
  Irving, TX 75061
• Money services: Lastly, you can visit your nearby money services counter at retail locations (such as Walmart, Kroger or others). You may use MoneyGram, Western Union or other forms of electronic payments with cash to send your payment.

Keep in mind that paying your credit card via regular mail takes the longest to process of all the available payment methods. So, make sure to always send your payment at least 5-7 days before your due date.

Ultimately, it is also worth noting that you can even set up recurring or one-time payments in the Cardholder Center, if you choose to.