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Merrick Bank Double Your Line® Secured Credit Card
Merrick Bank Double Your Line® Secured Credit Card Review
Our editors rate credit cards objectively based on the features the credit card offers consumers, the fees and interest rates, and how a credit card compares with other cards in its category. The ratings are the expert opinion of our editors, and not influenced by any remuneration this site receives from card issuers.
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Merrick Bank Double Your Line® Secured Credit Card
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on Merrick Bank's secure site
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Merrick Bank Double Your Line® Secured Credit Card
SIGN-UP BONUS
N/A
REWARDS RATE
Non-rewards card
Credit Line
$200, which doubles to $400 if you qualify
Regular Purchase APR
22.70% Variable
Build Credit
Unlike a debit card or a pre-paid card, it helps build your credit history. We report your payment history to all three major credit-reporting agencies.
Annual Fee
$36 the first year. Billed $3 per month thereafter
Card Brand
Mastercard®
Highlights
- Put down $200, which becomes your credit line. Then, if you qualify, double your credit line to $400 without making another deposit.
- Double your $200 credit line by making at least your minimum payment on time each month for the first 7 months your account is open
- Secured Credit Cards are great for people looking to build or rebuild credit and are available to people with all kinds of credit backgrounds.
- Unlike a debit card or a pre-paid card, it helps build your credit history. We report your payment history to all three major credit-reporting agencies.
- Get your FICO® Credit Score for free each month.
- Fraud coverage if your card is lost or stolen. Access your account 24 hours a day, 7 days a week. Get help staying on track with available Auto Pay and account alerts.
- Card issued by Merrick Bank, Member FDIC.
Additional Info
Foreign Transaction Fee
2%
Balance Transfer Fee
N/A
Expert Review
Editor's Overall Rating
Our editors rate credit cards objectively based on the features the credit card offers consumers, the fees and interest rates, and how a credit card compares with other cards in its category. The ratings are the expert opinion of our editors, and not influenced by any remuneration this site receives from card issuers.
From the LendingTree editorial team, updated on Jan 28, 2025
The Good
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The Bottom Line
Editorial Note: This content is not provided by Merrick Bank. Any opinions, analyses, reviews, or recommendations expressed on this page are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by Merrick Bank.
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Reports to Credit Bureaus
Build Credit When Used Responsibly
Minimum Deposit
$49, $99, or $200
Regular Purchase APR
29.74% (Variable)
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Rewards Rate
1.5% Cash Back on every purchase, every day; 5% Cash Back on hotels and rental cars booked through Capital One Travel (terms apply)
Credit Line
Put down a refundable $200 security deposit to get at least a $200 initial credit line.
Regular Purchase APR
29.74% (Variable)
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on Discover's secure site
Rewards Rate
2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. 1% unlimited cash back on all other purchases - automatically
APRs
10.99% Intro APR for 6 months on balance transfers, then 27.24% Variable APR
Rates and Fees
No annual fee, no late fee on your first late payment. After that, late fee up to $41 applies. No penalty APR.*
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