Most credit cards demand a good credit score, if you don’t have a good credit score, you should be able to access some credit cards with a fair credit score. It is practically impossible to get any credit score with a bad credit score. Thank Merrick Bank Credit Cards, even if you have a poor credit score, you could still have Merrick Credit Card in your wallet.
Though, we are not saying, this credit card is available even when you have a bad credit score. You could still apply for a credit card if you have a fair credit score.
In a simple language, Merrick Bank Credit Cards are designed for an individual with a bad credit score. If such a person is trying to build his or her credit score, or rebuild his or her credit history should consider applying for Merrick Credit Card.
One negative thought we had about this credit card, it has many fees attached to it, that is the reason we don’t recommend Merrick Bank Credit Cards (MBCC) over other credit cards.
Merrick Bank was founded in 1997. Merrick Bank is a top-25 issuer of Visa cards. Merrick Bank has $1 billion in assets and serves over 900,000 cardholders. Merrick Bank also provides finance options to Marine and RV Dealers and perseveres, to be honest in all its interactions.
Pros of Merrick Credit Card
This part of the article will quickly list out the benefits of using this credit card among other credit cards in the market.
====> Low minimum deposit
====> Merrick Bank Credit Cards helps to build or rebuild credit score
====> Low APR for this type of card
Cons of Merrick Bank Credit Cards
====> Annual fee, you will need to pay annual fees when choosing these credit cards
====> Few cardholder benefits
====> You will be charged on a foreign transaction, meaning you pay foreign transaction fees
Type of Merrick Bank Credit Cards
Aside from the negative part of what Merrick Bank offers her customers, Merrick Bank credit cards issued three different credit cards to customers. Sometimes, these are called MBCC products. Therefore, the cards are:
The Merrick Bank Visa Card.
The Merrick Bank Secured Visa Credit Card
The Merrick Bank Double Your Line Visa Credit Card
We want you to have another point at the back of your mind, these credit cards do not offer any rewards. So, if you want a rewards credit card, Merrick Credit Card is not for you. But on the other hand, if you want to build or rebuild your credit score, you may likely have these credit cards useful.
Merrick Bank Credit Cards focuses more on the customers with limited access to credit and people looking forward to rebuilding their credit history as mentioned in the article earlier.
Another thing about Merrick Credit Cards, your account activities will not be reported to credit bureaus. This is what helps you to rebuild or build your credit score while using Merrick’s credit card. This is especially true when you compare the Merrick Bank cards to other bad credit cards that have no annual fee.
Features of the 3 Credit Cards offer by Merrick Bank
We had mentioned earlier, Merrick Bank issued 3 credit cards to customers on demand. This part of the article will compare these cards as we show below
|Merrick Bank Visa Card||Merrick Bank Double Your Line Visa Credit Card||Merrick Bank Secured Visa Credit Card|
|Setup Fee||About $75||About $75||None ($0)|
|Annual Fee||Around $96 for the first year, about $8 per month||Between $0 and $70 for the first years, $8 per month after the first year||$36 for the first year and $3 per month after the first year|
|APR||It variable, between 20.45% – 29.95%||Variable, between 20.95% – 29.20%||Variable, 17.45%|
The table above clearly showed the features of each credit card offer by Merrick Bank. Merrick Bank Secured Visa Credit Card is generally available and accessible for people, while the rest are strictly by invitation.
That is Merrick Bank Visa Card and Merrick Bank Double Your Line Visa Credit Card are only available to those who have received a preapproved mail offer. Therefore, if you want any of these credit cards, the only option is to sign up for Merrick Bank Secured Visa Credit Card and request an upgrade.
Card issuers often do this for their customers, especially if they have consistently paid their bills on time each month.
How to Apply for Merrick Bank Credit Cards
This section of the article will run through the application process of Merrick’s credit card. The application is an online application. Here is what you need to do:
Step 1 ====> You need to visit the official application page of Merrick Bank Credit Cards
Step 2 ====> On the page, locate the type of card you wish to apply for and click on the apply button
Step 3 ====> After that, the application form will display, you need to fill in the form with the correct data.
Step 4 ====> Now you need to click on the Continue to Next Step and follow the on-screen instruction to complete the card application process.
Login to Merrick Credit Card Guide
This part of the article will run through the login process, this is very simple and easy to go about. You only need to follow the steps in the article.
Step 1 ====> You need to visit the official Merrick Bank website on your web browser
Step 2 ====> On the homepage of the site, you are required to click on Account Login
Step 3 ====> Now enters tour account details (username and password) into the given boxes.
Step 4 ====> Then, you need to click the login button to access your Merrick Bank Credit Cards online account.
If you do not have an account previously then you will be asked to hit the button of Enroll and follow the steps enumerated above in the article.
Manage your Merrick Bank Online Account
When you create an online account with the bank, you will be able to do the following:
====> Access your eStatements by simply downloading them
====> Apply to loans through the platform
====> Pay your bills
====> Locate the nearest ATM
How to Reset Your Login Details
Sometimes you forgot your login details, Merrick Bank has made it easy for customers to reset their passwords anytime so that they can regain access to their bank accounts.
You can reset your password by following these simple steps highlighted in the article.
Step 1 ====> You need to visit the official login page
Step 2 ====> Now click account login on the bank’s Homepage
Step 3 ====> Then, click forgot your password/username?
Step 4 ====> Enter your account number and password
Step 5 ====> A new password will be sent to the email address associated with your online account
Details on Merrick Bank Credit Cards
This bank issued three various credit cards to customers, meanwhile, thus part of the article we detailed each of the credit cards.
Merrick Bank Visa Credit Card
We know Merrick bank offers 3 different credit cards, out of these Merrick Credit cards, Merrick Visa Card has the least offer.
It was understood that the Merrick Bank Visa Credit Card and the Merrick Bank Double Your Line Visa Credit Card have the same fee structure without the benefit of the third credit card.
As a matter of fact, this credit card is expensive, the initial cost is about $171 which is the accumulation of setup fees and annual fees of the credit card.
Merrick Bank Double Your Line Visa Credit Card
Merrick Bank Double Your Line Visa Credit Card’s has different features, which is really about its name. What we are saying is that its credit line will double provided you pay at least your minimum payment for the first seven months of account opening.
Take a look at this instance, if you start with an initial credit line say $1000 and you make seven on-time minimum payments, then your credit line may increase to $2000. As a matter of fact, this action will lower your credit utilization but has a positive effect on your credit score.
Merrick Bank Double Your Line Visa Credit Card has multiple fees, therefore you need to prepare for this. These include:
====> A one-time setup fee of up to $75
====> Up to $12 per additional card
====> An annual fee of up to $0 – $70 for the first year, and up to $8 per month thereafter
Merrick Bank Secured Visa Credit Card
Last but not least of Merrick Credit Card is the Merrick Bank Secured Visa Credit Card. You will only receive approval through the mail before you can apply for this credit card.
The secured Merrick Card differs from other Merrick Bank Credit Cards because they require a security deposit to be approved.
First of all, your credit line will be equal to the amount that you deposit, which can be anywhere between $200 – $3000 which is very high.
As far as secured cards go, the Merrick Bank Secured Visa Credit Card stands out because of its annual fee of $36 for the first year and billed $3 per month thereafter as shown in the table above.
Merrick Bank Credit Card Payment Options
We mentioned in the article that, Merrick Credit Card is issued by Merrick Bank. That settles the matter, we want to bring to your notice that, you can pay your bills through various means on Merrick Bank Credit Card.
Every payment methods are active and effective, we enjoy payment through the online process. In that case, we will list out various means of payment methods on Merrick Credit Cards. For any assistance with online access, you can contact customer services at 1 800 253 2322.
Mail Payment Process
Phone Payment Process
Store Payment Process
Online Payment Process
Mail Payment Process
The joy of these credit cards is the ability to pay your bill via the mailing process. You must include your Merrick Bank account number on your check, the account number is located on your statement.
In other to avoid delay on your payment, due to the slow process in the mail, you need to send your payment details few days before the due date. It is recommended that you mail your payment at least 5 business days prior to the due date shown on your monthly billing statement.
The Merrick Bank credit card payment mailing address is as follow:
Payment Processing Center,
PO Box 660702,
Dallas, TX 75266-0702.
Phone Payment Process
Another means of the payment process is through your phone. In other to pay your bill via Merrick Bank credit card on phone, you need to put a call through this phone number 1 800 253 2322.
Then, you need to follow the customer care instruction through the phone to complete the payment process.
Store Payment Process
Yes, you can enter the local branch in your area to pay your bill via Merrick Credit Card. You only need to locate the branch, tender your bills and pay through your Merrick Card.
Online Payment Process
The most and effective means of payment is through the online process. With the online banking service, you have all the features you need to take control of your card.
On your dashboard, you have access to your current balance, available credit, recent expenditures, and next payment due date can be monitored. Through online payment, you can make fast single payments or establish automatic monthly payments.
Another feature about online payment is what we called AutoPay. With this feature, you never miss your bill payments. To make your Merrick Bank credit card payment online, log in to your account and access the payment option in your dashboard. Now, click on it, follow the on-screen instruction to pay your bills
Merrick Bank Common Questions and Answers
Is Merrick Bank Owned by Credit One?
Merrick Bank is a top 20-issuer of Visa credit cards with nearly two million customers, specializing in helping customers establish, re-establish, or rebuild their credit. The Bank offers two types of lending products for this purpose, unsecured credit cards and secured credit cards.
Is Merrick Bank a Reputable Bank?
We can only say Merrick Bank is an online lender headquartered in Utah that specializes in credit cards and boat/RV financing. That’s interesting enough, but the Merrick Bank Secured Visa Card doesn’t offer much to hold your attention.
Can I pay Merrick Bank with a Debit Card?
Yes, absolutely yes. Merrick Bank pays with your Visa, MasterCard, or Discover credit card or debit card, with Apple Pay, or with your bank account.
How do I Check the Status of my Merrick Credit Cards Application?
In other to check your Merrick Bank Credit Card Application Status, you need to contact the customer service phone number to check the status of your Merrick Bank credit card application on 1 800 328 9155, extension 6702.
How do I pay my Merrick Bank Credit Cards?
Making Payments in the Cardholder Center Access the Merrick Bank pay online option by logging into your account at login. MerrickBank.com with the username and password that you used to enroll in the Cardholder Center. You can make one-time payments or set up recurring payments.