Last updated on August 30th, 2023
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At a Glance
Increase your credit limit in just seven months with the Merrick Bank Double Your Line® Mastercard®. The card offers the opportunity to automatically double your credit line with seven on-time payments after opening an account – for an annual fee as low as $0.
Ideal for Those Who:
- Want an unsecured credit card and plan to demonstrate good credit habits
- Want the chance of additional credit limits with no added deposit
- Don’t want to pay a security deposit for a quality credit-builder card
- Plan on paying their statement on time every month
Merrick Bank Double Your Line® Mastercard® Review
Building or rebuilding credit is a process where having concrete goals can make all the difference. So the chance at doubling your credit limit with the Merrick Bank Double Your Line® Mastercard® is one of the better enticements for responsible financial habits on the market today.
Double Your Credit Line in Seven Months
The main selling point of the Merrick Bank Platinum Card is the chance to double the credit line in as little as seven months after opening an account. During the first seven months from account opening, all cardholders need to use their card and make at least the minimum payment on time every month. After that, cardholders receive a double credit line increase – automatically.
Thanks to the Double Your Line®, new account holders can watch their credit line jump to up to $2,700 in less than a year – significantly helping to lower their credit utilization ratio (with financially responsible card use). And, because Merrick reports to all three major credit reporting agencies every month, on-time payments can help their credit score improve significantly over time.
Merrick Bank also conducts account reviews regularly after the first year, with cardholders receiving a credit limit increase if they qualify. These features create an unsecured credit card product that grows with you on your credit journey – instead of holding you back.
Quick Online Pre-Approval
As with other Merrick Bank products, the Double Your Line® Mastercard® provides a quick online pre-approval process. Potential applicants can see if they are pre-approved within minutes without affecting their credit score. No credit check for pre-approval is a great way to see if the Merrick Bank Double Your Line® Mastercard® is right for you – without a hard inquiry on your credit report.
Frequently Asked Questions About the Merrick Bank Double Your Line® Mastercard®
Here you will find answers to some of the more commonly asked questions about Merrick Bank, its products, and the Double Your Line® Mastercard® credit card:
- Merrick Bank uses the Experian credit score when evaluating a credit card application.
- Yes. Merrick reports regularly to all three credit bureaus: Experian, Equifax, and TransUnion.
- Yes. Merrick Bank credit, debit, and banking products are available in all 50 U.S. states plus the District of Columbia (DC).
Merrick Bank Ratings
How does the Merrick Bank Card stack up? Here are a selection of expert reviews for the card:
Should You Apply for the Merrick Bank Double Your Line® Mastercard®?
There isn’t much not to love when it comes to the Merrick Bank Double Your Line® Mastercard®. The card offers the chance at an automatic credit limit increase in seven months just for making on-time payments every month. That double credit bonus offers the chance at more credit – and the benefits that come with that responsibility.
Doubling your credit line can significantly improve your FICO credit score when used alongside strong financial practices. These good habits include paying your statement balance in full and on time every month, keeping credit use below 30% of your total credit line, and avoiding too many new credit applications in a short time period.
The Merrick Bank Double Your Line® Mastercard® might not offer basic cash back like some other unsecured cards, but it provides the perfect base from which to build a positive credit history. Unlike some other cards that cardholders outgrow on their credit journey, the Merrick Bank Double Your Line® Mastercard® grows with you – and can be a great financial tool no matter where your travels take you.