- Unsecured credit line increases. After the first year, your account will be regularly reviewed for credit line increases with no additional security deposit required.
- Monthly FICO Score for free. Get your updated FICO Score each month when it is provided to us from the credit bureau.
- Build your credit. Performance is reported to all three major credit bureaus, unlike a prepaid card.
- Flexible credit line. The amount of your deposit determines your initial credit line up to $3,000 and increase your credit line anytime with additional deposits.
- Easy funding options. Several convenient options to easily fund your security deposit.
- Worldwide acceptance. Use it anywhere Visa is accepted.
Quick, easy application, apply online today!
4.5 / 5.0 (26 votes)
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Information - Rates - Fees

Intro APR:
N/A*
Intro Period:
N/A*
APR:
17.45%*
APR Type:
variable
Annual Fee:
$36*
Issuer:
Card Network:
Card Category:
Consumer (Secured)
Card Type:
Card for Bad Credit
Guaranteed Approval
Instant Decision Card
Credit Needed:
Bad Credit OK*
Grace Period:
25 days*
Min Finance Charge:
$1.00
Min Credit Line:
$200
Max Credit Line:
$3,000
Late Payment Fee:
Up to $39*

Balance Transfers

Balance Transfer:
No

Cash Advances

APR on Cash Advances (%):
22.45%
Cash Advance Fee (%):
4.00%
Minimum Fee:
$10.00

Other Fees

Additional Fees
Return Check Fee: Up to $39
Foreign Trans Fee: 2%
Account Set-up Fee: $0
Over Limit: $0

Features

Most attractive:
- Credit Reporting
- Free Account set up
- Annual Credit Line increase
- Visa card benefits
Least attractive:
- Annual fee
- Slightly high APR
- No rewards or intro bonuses

Benefits

Other Benefits:
* See terms and Conditions
Online Access:
Yes!
100% Guarantee Approval:
Yes!
Credit Reporting:
Yes

*The information provided for Merrick Bank Secured Visa® credit card is believed to be accurate at the time of evaluation (May 28, 2020). We strongly advise visitors to review the fees, terms and conditions to verify accuracy of the information posted prior to applying for the product.

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