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Merrick Bank Double Your Line® Secured Credit Card

Cory Santos

| Last updated on October 18th, 2023

Merrick Bank Double Your Line® Secured Credit Card Review

The Merrick Bank Double Your Line® Secured Credit Card is a secured credit card that offers the chance to graduate from secured to unsecured credit. The card is similar to the Merrick Secured credit card – the bank’s other secured credit card offer.

Double Your Line

The main selling point with the card is the Double Your Line® possibilities. The card requires an initial security deposit of $200. That limit also is the same minimum deposit level as the basic Secured card from Merrick.

That $200 deposit becomes the credit limit with the new cardholder’s account. Once they on-time payments for each of the first seven months, they will automatically have their credit line raised to $400 – without the need to add more funds through additional security deposits.

Regular Reporting to the Major Credit Bureaus

Secured credit cards, like the Double Your Line® Secured Credit Card, are one of the best ways to quickly establish or rebuild. When using the Double Your Line® Secured for purchases and then pay the full balance each month, their FICO Score will rise in time.

Because Merrick Bank reports to the three major credit bureaus – Experian, Equifax, and TransUnion – every month, cardholders can raise their score with low credit utilization and a string of on-time payments.

How Does the Merrick Card Stack Up?

The Merrick Double Yur Line Secured Mastercard is a great way to build credit while enjoying exclusive features:

Merrick Secured Mastercard Prepaid Card Debit Card
Security deposit required?
Build Credit with on-time payments
Complimentary FICO Score
$0 Fraud Liability
Exclusive Mastercard experiences
Periodic reviews for credit line increases

Competitive APR

While Merrick doesn’t advertise their rates publicly (instead of offering terms before applying), the APR with the Double Your Line® Card is the same as the basic Secured Card. That purchase APR is slightly lower than the national average for a secured card – currently at 18%.

Merrick cardholders can’t make balance transfers, but the bank does allow cash advances. The APR for cash advances is around 22.5%.

Other Features of the Merrick Bank Double Your Line® Secured Credit Card

Other notable features of the Merrick Bank Double Your Line® Secured Credit Card include:

No account set-up fees No over-the-limit fees Online payment options
Online account management tools Free FICO Score every month Mastercard features and benefits

As mentioned, the Merrick Bank Double Your Line Secured Card features Mastercard Platinum benefits and protections, including:

Zero Liability Protection Mastercard Global Services ID Theft Protection

Frequently Asked Questions About Merrick Bank's Double Your Line® Secured Credit Card

Here you will find answers to some of the more commonly asked questions about Merrick Bank, its products, and the Double Your Line® Secured credit card:

  • Merrick Bank uses the Experian credit score when evaluating a credit card application. 
  • Yes. Merrick Bank reports regularly to all three credit bureaus: Experian, Equifax, and TransUnion.
  • Yes. the Merrick Bank family of credit cards are available in all 50 US states.

Merrick Bank Ratings

How does the Merrick Bank Card stack up? Here is a selection of expert reviews for the card:

Should You Apply for the Merrick Bank Double Your Line® Secured Credit Card?

Overall, the Merrick Bank Double Your Line® Secured card hits many the right notes for credit repair credit cards. Since the card only requires a $200 initial deposit, it won’t cost you much to get the card. Even better, if you make seven monthly payments, that credit limit is doubled – without the need for an extra deposit.

This makes the card an excellent option for those who have limited credit but don’t want to be hamstrung by a secured credit card. After seven months, they can graduate to a partially unsecured line of credit. 

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