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The Secured Visa® from Merrick Bank

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3.1 out of 5 stars
15 Reviews

From Cardholders in the last year

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Application Process

4 out of 5 stars

Customer Service

3.5 out of 5 stars

3 5

Card Details

  • Balance Transfer Intro APR Not Applicable
  • Balance Transfer Regular APR Not Applicable
  • Annual Fee $36 the first year. Billed $3 per month thereafter
  • Purchase Intro APR Not Applicable
  • Purchase Regular APR 17.95%* Variable

Most Helpful Positive Review

Mar 18, 2016
Anonymous Cardholder

They gave me the card with a $300.00 limit when all the other credit card company's turned me down.merrick took a chance on me when others wouldn't..I work midnights and didn't think I would be able to talk to a person at 2:00am when I called customer service but guess what?a minute after waiting for someone to pick up the phone,they did and were very professional and answered all my questions.thanks Merrick bank for taking a chance and believing in me

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Most Helpful Negative Review

May 29, 2016
Robhayneville123 Cardholder

I had this card for over a year and after making a payment over the phone through my card Merrick bank charge the amount back and ending up closing out my account now I owe them and they would not take another form of payment I plead do not get this card this a fraud

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These reviews were written by current and former cardholders in the last year.

Jan 28, 2017
rosafamily Cardholder

I hate to see so many bad reviews for this card. I think it's coming from people that just don't understand how credit works. I've had the card for almost two years. I started with $200 and since have gotten numerous credit increases without adding more money to the card. It has helped build my credit so much that I was just approved for a Citi Card with a credit limit of $4,000! A West ELM card with $2,000, Capital One Card with $750.00.

The key is to pay your cards on time every month and try to keep the Merrick Bank (and most cards) below the credit limit.

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Jan 17, 2017
Sharper1214 Cardholder

I had a Merrick credit card was on time with all my payments missed two payments due to a unpaid leave of absence (manged to make a partial payment though). After calling in several times to inform this bank of my situation and numerous representatives not even listening, I got to a rep who set me up on a payment arrangement affordable for me and that was supposed to bring me current. Two payments into the arrangement my account was closed due to missing the two payments (partial payments). This bank is not worth your money or time they don't respect the nature of being a human. Don't mess up ur credit by including them on it.

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Dec 05, 2016
Had credit available. Card declined!
Anonymous Cardholder

Marginal customer service. Less than professional. Also, had sufficient credit available but card was declined. 

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Nov 28, 2016
akasnak3 Cardholder

I started with $200 and after 6 month i was @ $300 now a year later i hope i get another increase. So far this car has been great i get a free fico score every month easy to pay online and app works perfect overall if you are starting off or rebuilding this is a good card!

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Nov 09, 2016
Decent Card
reinalee Cardholder

It doesnt show up on my EX Report, but is on my TU one. Overall its a decent card, website easy to Navigant a little outdated but simple.  I use my card and pay it off over the month. If I get an increase fine if not not biggie, I hoping for better cards over time.

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Oct 08, 2016
So far so good no complaints as of yet!!
Anonymous Cardholder

Offers sent to them by mail otherwise may not hear about it!

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Sep 22, 2016
Anonymous Cardholder

I opened my acct., with $1,000.00 i have had the acct. 9-10 months. Originally i was told after seven months my acct., will be reviewed for a credit increase of $1,000.00 i have used the acct., every month and paid ut off every month. Well that 7 months came and went. On month 6 customer service told me , yes you are getting a $1000. Credit increase next month. I never got an increase at all. I called again. 

i was told this time... I will never get an increase with a secured type card unless i put more money on deposit. Never!! And i will never get my deposit returned. Unless i close the acct., and then if i close it.. Bad hit to credit score. 

Warning!! SCAM!!! 

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1 Reply
Nov 27, 2016

You prolly went past you billy cycle date or really wasn't offered there dyl offer

Jun 29, 2016
Good for rebuilding credit.
Kfon Cardholder

My credit score has increased nearly 60 points with this card. My CL is 550 and I'm looking forward to an increase in 7 months. I haven't been carrying over a balance and pay it off in full each month before the due date. No complaints so far. 

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Jun 10, 2016
What an absolute joke!!!
Anonymous Cardholder

Customer service is an absolute joke and so is this card... They mislead you on the terms and conditions not to mention the process that you have to go through in order to be able to establish credit utilizing this card... I was told that as long as I made purchases and paid the bill off showing a zero balance that they would report to the Credit Agencies and it would help to raise my credit standing... Not once did they tell me I would have to wait until the next statement came out to pay the bill in order for it to increase my credit score...An absolute awful experience!!!

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Jun 29, 2016

I have this card and the terms and conditions were sent with it just like every other card in existence. It sounds like you just don't understand how credit card billing and reporting works in general. I would suggest going on youtube and searching "How Credit Cards Work: Billing Cycle and "Grace Period" to get an initial understanding. You don't have to have a zero balance on a card for it to be reported in good standing. In fact it is better for your account to be reported with a balance to show that you actually can manage credit. You just need keep that balance under 30%, or for best results under 9%, of your total credit limit when it is reported. You can actually run your credit card up to almost full, as long as the day it reports to the credit unions your balance you pay it down to below 30% (which Credit Karma will tell you when they report your numbers to TU and EQ)

Jul 05, 2016

Great advice, thank you. My mother had another little gem and suggested paying for things that I normally use my debit card for ie. utilities, gas, groceries with the secured card and then pay it off or down each month. Seems so obvious but I would have never thought of it.

May 29, 2016

I had this card for over a year and after making a payment over the phone through my card Merrick bank charge the amount back and ending up closing out my account now I owe them and they would not take another form of payment I plead do not get this card this a fraud

more ...
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The Secured Visa® from Merrick Bank