I know....there are some who give this card a low review score. Fact is.....they most likely were denied credit, even after receiving pre=approval status. That most likely happened due to their FICO score taking a nose dive after Merrick received an initial point average that was safe for them to issue a card. Even people that are doing well in trying to rebuild their credit, hit a wall and maybe fall behind on other credit liabilities. ANYWAY.. I have been rebuilding my credit for the past 18 months. I have never been late with the 6 cards I now have. None are debit cards, or secured. My average line of credit is $1000. Merrick preapproved me at $1200 with a promise to double in 7 months. The APR is lower than even my 2 Capital One cards, and my zChase !! OUTSTANDING !!! Approval online was instantaneous. And ZERO fee's was the benefit that made this card, a NO BRAINER ! Finally, something that sounds too good to be true, and IS FANTASTIC. nO HIDDEN FEE'S OR FINE PRINT. If you receive an offer, don't waste any time in applying. the process is 10 or so questions. All in which the bank already has, and is just veryfying the applicant to make sure it's the same person the offer was addressed to. So...IF YOU HAVE AN OFFER IN HAND, APPLY !!! If you are simply looking at cards in which you want to apply to....and you have 600 to fair or better credit....APPLY !!
ADDITIONAL RATINGS YOU MIGHT FIND HELPFUL
- Balance Transfer Intro APR Not Applicable
- Balance Transfer Regular APR See Terms*
- Annual Fee See Terms*
- Purchase Intro APR Not Applicable
- Purchase Regular APR See Terms*
If you’re looking to build your credit, the Merrick Bank Double Your LineTM Visa® Credit Card might make sense for you.
What to Like
While your credit limit might start off relatively low if you’re approved, Merrick Bank will double your credit line if you make at least the minimum monthly payment on-time for the first 7 months your account is open. After you make your payments, the increase is automatic. It’s also easy to find out if you’re pre-qualified before you actually apply, and you can see your pre-qualified APR and credit limit before making your application decision.
Look Out For
Like other cards that are primarily aimed at consumers looking to build their credit, credit limits here are relatively low and APRs are relatively high. There’s also no rewards or cash back with this card.
Most Helpful Positive Review
Most Helpful Negative Review
Due to a variety of circumstances I had to file a Chap. 13 bankruptcy. After paying back the full amount decided by the court but before it cleared my credit history I received an offer from Merrick. It didn't have any annual fees, unlike most offers I was receiving, so I jumped right on it. Yes the interest rates were high, but that was to be expected given my credit history and score at the time. I didn't really have any issues until their fraud department called me one afternoon to tell me there was suspicious activity. They rattled off a number of charges, to the tune of over $300, that were posted to my account in the last 3 days (all of which were in states not near me). Cell phone payments to a company I don't use, restaurant bills for places about 900 miles away from me, video phone call services to prison inmates...just all sorts of random stuff. At this point everything went south. They told me I'd receive paperwork in the mail in 7-10 days to fill out to dispute the charges. That time period went by and I received nothing. I called their customer service who transfered me to the fraud department. They'd never sent the paperwork. No apologies, no excuses...just a "yeah, we never sent that out. Maybe tomorrow." In the meantime my account is maxed out, there are $300 of charges on the account I didn't make and they're in no hurry to do anything. Again I wait. On day 12 the paperwork arrives and only half of the fraudlent claims are listed. Again I'm on the phone with the fraud department asking where the other $120 worth of fraudulent charges are and that they're not shown on their affidavit that I have to submit. They blamed me saying I never claimed they were fraudulent (although they called me and I agreed to all charges they told me about) and told me to just pencil them in and mail the paperwork back. I completed the paperwork and took it to the Post Office the same day I received it. Since then 2 months have passed with no word on anything. Customer service, if you can call it that, claims it can take up to 90 days (90 days!) to process claims b/c the MERCHANT has the final say. If the merchant claims it is a real charge, I'm stuck paying it. Bottom line, as the card holder, user and account holder...they don't care about my rights, my credit or me as their customer at all. MERCHANTS have the final say. In this time period of waiting on Merrick Bank to do something, ANYTHING to remedy the situation I had 2 fraudulent charges made to another account that I have. Those charges were disputed, investigated and removed from my account within 48 hours...but somehow it takes Merrick 90 days? Worst customer service I've ever dealth with. Worst fraud/security department I've ever dealt with. If this situation is ever remedied I will be paying off my account and closing it. I'd rather take the credit score hit of closing the account than dealing with a company that doesn't have my best interest in mind. I don't need their credit card to rebuild, there are plenty of other ways.
See Your Approval Odds Before You Apply
Sign up for a free membership, and Credit Karma can estimate your chances of approval based on your credit profile. You’ll also get:
- Credit scores and reports
- Credit monitoring
- Personalized recommendations
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.
† Credit Karma looks at how your credit profile compares to other Credit Karma members who were approved for this product. Of course, there's no such thing as a sure thing, but knowing whether your Approval Odds are Very Good, Good, Fair or Poor may help you narrow down your choices.
‡ Average score refers to the arithmetic mean and typical low score to the 5th 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 June 2014 through November 2014. 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.