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Offered by: Merrick Bank

The Secured Visa® from Merrick Bank

  • Get your FICO® Score every month at no charge.
  • Build your credit – Performance is reported to all three major credit bureaus, unlike a prepaid card.
  • Credit line increases – Automatic unsecured credit line increase reviews with no additional security deposit or fees.
  • No processing or application fees.
  • You determine your credit line – up to $3,000.
  • Easy funding options – We have several convenient options to easily submit your security deposits.
  • Worldwide acceptance – Use it anywhere Visa is accepted.
  • Easy application – Click "Apply Now" to apply online today!

Average Approved Score Purchase Intro APR Purchase Regular APR Balance Transfer Intro APR Balance Transfer Regular APR
553
Typical Low: 489
Typical High: 618
   

N/A

17.45%*

N/A

N/A

 

Variable

 

 

Additional Details

Click here for Additional Details

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* See the online Provider's credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the "Apply Now" button, you can review the credit card terms and conditions on the provider's website.

Offer Details:

Cash Advance Rate

22.45%

Annual Fee

$36

Late Fee

Up to $35

Cash Advance Fee

4%, Min: $10

Balance Transfer Fee

N/A

Saving Details

Saving Details

Year 1

Year 2

Year 3

Balance Transfer Cost

$0

$0

$0

Interest Savings on Transferred Balance

$0

$0

$0

Interest Savings on New Purchases

$0

$0

$0

Value of Rewards on New Purchases

$0

$0

$0

Value of Bonus Points

$0

$0

$0

Annual & Application Fees

‑$36

‑$36

‑$36

 

Savings

Total Annual Savings

‑$36

‑$36

‑$36

Total Savings over 3 Years

‑$108

Credit Card Usage Profile

Transfer a Balance
Edit
  • Balance to Transfer: $2,500
  • Monthly Paydown: $600
  • APR: 21.99%

Earn Rewards

  • $1,000 Monthly Spending
  • $45 Gas
  • $75 Groceries
  • $20 Travel
  • $50 Restaurants
  • $50 Entertainment
  • $760 Other

Establish or Build My Credit

Card Details
  • Annual Fee: $36
  • Minimum Deposit: $0

Finance a Large Purchase

  • Initial Purchase Amount: $3,000
  • Monthly Paydown: $60
How We Calculated Your Savings

Credit Karma uses details about your credit card usage and data we have on current credit card offers to calculate how you might save money. These calculations are for illustration purposes only.

Savings are based on Credit Karma calculations and are not endorsed or commissioned by any advertisers. These calculations are for illustration purposes only. If bonus is included in savings estimate, it is assumed offer qualifications are met.

Note: Sample data consists of Credit Karma members who hold this card.

Compare Holders by ...

Credit Score
Credit Limit
Current Balance
Credit Limit Utilized
60+ Days Past Due Status
Age of Cardholder

Sample Size: 469
Data Created: February 02, 2015



121 Cardholder Reviews

The following information and reviews are brought to you by Credit Karma and/or its users. Banks, issuers, and credit card companies do not endorse or guarantee, and are not responsible for this content.

Most Recent Reviews

Easy and fast application process Helpful to 4 out of 4 people

Today I got Pre-Approved Acceptance Certificate, and I decided to go ahead. Instantly was approved for CL of $700. 

My CS:  TU - 619, Equifax - 643. 

Gani21121980's response was:    

 
Mar 20, 2015

Gani21121980(4, 18)

Very poor online account information Helpful to 14 out of 18 people

I recently got approved for a $700.00 credit with Merrick Bank (Visa). Although I don't have any issue using the card my issue is with the account information available once you log into your account online. Here is what I experienced with the online information.

First when I use the toll free number to call the automated system asks for your credit card number (account number). I didn't even get a chance to put the completed number in when the system says I have entered and incorrect account number. Tried it again and got the same results. You can use the option "if you don't know your account number press "0". I had to do this twice as the system told me I entered an incorrect number.

Most credit cards I own you are able to view transactions (including pending charges) almost immediately or within a few hours at most. I make credit card charges in Canada and I can log into my Capital One account and not only see the pending transaction but also the exchange rate. This is not so with Merrick. The most recent transaction showing online with Merrick is 3 days old.

This is unacceptable and doubt I use this card for much.

mklipich's response was:    

 
Mar 07, 2015

mklipich(1, 14)

Merrick vs Capital One - FICO errors Helpful to 30 out of 41 people

Capital One conistently provided much higher progressive credit limits than theMerrick Bank credit card.

Both Merrick and Capital One use TransUnion as their FICO score provider and yet the Merrick FICO was consistently 40 points lower than Capital One FICO.

When I asked customer service they said they could not comment since it was up to their external provider. The CS rep tried to politely get rid of me with a web site link and an external telephone number. Both were worthless since they just refer to getting a credit report and not anything related to this FICO score discrepancy . I don not appreciate customer support giving me the runaround.

They would not explain this major difference in FICO scores and they have no email address to followup. IMO, no email or online support equals poor support.

lvzardoz's response was:    

 
Feb 24, 2015

lvzardoz(1, 30)

Accepted Helpful to 13 out of 16 people

Just got approved for a Merrick Bank Credit Card.  my credit score is poor  550 TU 575 EX 595 EQ.  I responded to a  pre approval offer I received in the mail. I am rebuilding my credit.  Fingerhut 1100CL- Walmart 500CL-Capital One (regular )750CL- Capital One (quicksilver) CL 750- Milestone 250 CL Personal Loan 550 now Merrick Bank 550 CL with credit line increase to 1100 within 7 months.  credit goal 700

Educate44's response was:    

 
Feb 19, 2015

Educate44(2, 20)

Shocked Helpful to 32 out of 39 people

I have the unsecured credit card from them with a $550 limit at first I was so skeptical to get them based on a the reviews about late payment fees and them not being a recognizable brand but I decided to go for it at first they sent me a dolphin card me being a male I was not for that so I called and the semi rude lady could not understand that I wanted a regular card after that got figured out (witch is the only reason customer service is not getting 5 stars)after being slammed with an activation fee and a service fee coming out to $123 befor I even had my card in I payed it as soon as I got the card in the mail and to my shock it posted to my account in less then 48 hours. All in all they are a good service and the free fico score is pretty impressive not a lot of cards do that 

NickNatic's response was:    

 
Feb 18, 2015

NickNatic(1, 32)

See all 121 Reviews of The Secured Visa® from Merrick Bank

† These Approval Odds represent Credit Karma's estimation of how likely you are to be approved for a product based on a comparison of your profile with data about Credit Karma members who have been approved for the product in the past (if available). There is no guarantee that you will be approved by the lender or that credit will be extended to you.

‡ Average score refers to the arithmetic mean, typical low score to the 5th percentile and typical high score to the 95th percentile of, in each case, available VantageScore 3.0 credit scores provided by TransUnion of Credit Karma members who were approved for this product from September 2014 through February 2015. Average and typical approved scores are provided as guidelines only and approval is not guaranteed. You can learn more about credit card approval through our in-depth article.