Loading the best recommendation for you...

Read on and find out how the Merrick Bank Classic Secured Mastercard® card helps you build your credit and get a high credit limit.

Merrick Bank Classic Secured Mastercard® card – Build credit and get a high credit limit.

Advertisement

The Merrick Bank Classic Secured Mastercard® card is an excellent option for individuals looking to build or repair their credit scores. It is a secured credit card that allows cardholders to make deposits between $200 and $3,000 which then become their credit limit. The bank constantly reviews your credit card activity to offer credit line increases. The card reports to all three major credit bureaus, which contributes to your credit score.

card

You will remain in the same website

Have a look at some of the benefits of acquiring the Merrick Bank Classic Secured Mastercard® card.

Possibility of a credit line increase
Reports to all three major credit bureaus
Does not require good credit
Potentially high credit limit

You will remain in the same website

In order for you to be eligible for the Merrick Bank Classic Secured Mastercard® card you must successfully make your security deposit, be at least 18 years old, have a verifiable Social Security Number, have a verifiable home address in the U.S., not have any pending bankruptcy, not have another Merrick Bank Secured Card, not have any outstanding tax obligations and meet the income/debt affordability and identity verification required.

The Merrick Bank Classic Secured Mastercard® card does not double your credit line. Instead you will start with a credit line of $200 to $3,000, depending on your security deposit. Then, after the first year, your account will be periodically reviewed by Merrick Bank in order to see if you are eligible for a credit line increase. If the bank decides you qualify, you will get a credit line increase without the need for any additional deposit.

Debit cards work in conjunction with a checking account. They pull the money directly from the checking account. Secured credit cards, on the other hand, allow you to make purchases based on the credit line that has been made available to you. They require a security deposit, and they function like a regular credit card, reporting your activity to credit bureaus and helping you build or rebuild your credit, while debit cards neither report your activity nor help you build credit.

Yes. With the Merrick Bank Classic Secured Mastercard® card you can increase your credit line by making a new deposit which adds to the already deposited money totaling the maximum amount of $3,000. The new total amount deposited then becomes your new credit limit.

If the Merrick Bank Classic Secured Mastercard® card sounds like a fit to you, you should go ahead and check out our application guide. Click the link and we will show you how to do it.

Merrick Bank Classic Secured Mastercard®

How to get your Merrick Bank Classic Secured card

In this Merrick Bank Classic Secured Mastercard® card application guide you will learn how to easily get this card and start building credit.

If you are looking for another similar credit card offer that is going to help you improve your credit, you should check out the Self Visa® Credit Card.

This card has excellent credit-building capabilities. Plus, it gives you the ability to earn interest on your deposits.

Sounds interesting? Then hit the link below and we will tell you all about it.

Self Visa® Credit Card

How to get your Self Visa® Credit Card

This Self Visa® Credit Card application guide will show you how easy and quick the whole process and approval are.

Trending Topics

content

How to open your Capitec Tax-free Savings Account easily

Earn tax-free returns and get flexible investment terms: learn how to open your Capitec Tax-free Savings Account.

Keep Reading
content

6 tips to set up an education savings plan

Plan for your child's educational future! Read this article and check out these tips for creating an education savings plan.

Keep Reading
content

Financial planning for beginners: an easy guide

Learn how to plan for the future, whether it is for the long or short term. With our tips on financial planning for beginners, you can do it!

Keep Reading

You may also like

content

Nedbank Platinum Credit Card review: Unparalleled rewards and benefits

Pay no annual fee, get free supplementary cards, and much more. Learn all you need to know in this Nedbank Platinum Credit Card review.

Keep Reading
content

Apple Card application

The Apple Card application process is simple, and you can do it from your phone in just a few minutes without impacting your score. Learn how!

Keep Reading
content

Aspiration Plus Account application

Learn everything you need to know about the Aspiration Plus Account application process and start earning interests right away!

Keep Reading