A credit card that allows people to purchase goods and services. This is one of the most common means of online payment. It is provided through a financial company. There are major types of credit cards including Visa, MasterCard, Discover, and others. Moreover, secured cards can help consumers to rebuilt damaged credit history and providing online purchases without carrying cash. Merrick Bank provides all the amazing facilities whether to improve bad credit history or online purchases. The Company provides two major credit cards that suit a person’s requirements. In this article, I will tell you about the Merrick Bank Credit Card detail and other related facts.
About Merrick Bank Credit Card
The Merrick Bank is an amazing option if you want to build a good credit score. The bank has certainly specialized in credit programs that assist customers who are eagerly looking for a trustworthy institution to build or re-establish their credit. This the reason why it has extended over $5.2 billion in credit. It serves around 3 million cardholders. Merrick Bank has ensured through FDIC and acknowledged as a top-20 issuer of VISA cards.
The Bank offers two major credit cards, namely Platinum Visa and Secured Visa. With any of two credit cards, you will enjoy a positive credit history with all three major credit bureaus. Your account will be reviewed regularly for credit line increases. Merrick Bank services also offer free access and online account to go through your payment and balance. You will also enjoy a monthly FICO score free of cost.
- Build freshly or rebuild credit history
- Free online access and through the mobile account as well
- Receive a free FICO score updated monthly
- Offers $0 fraudulent liability protection
- Flexible payment options
- Check if you pre-qualify in just 60 seconds
- Increase your potential credit limit just after the 7 months your account is open
- Automatic increase in the credit limit after your responsible monthly payments
Features of Merrick Bank Credit Card
The bank would definitely help you build freshly credit or if you already have one then it would allow you to improve and rebuild your credit history. Whether you have bad credit, good credit or fair credit, it would assist you in establishing an excellent credit line. Your good credit score is done through demonstrating your on-time payments and you are able to manage expenses under the credit limit.
The bank offers regular APR around 20% to 20.29% which is quite much for a credit card. I would suggest trying to be in the minimum credit limit of $550, which is after doubling $1100. You can double your line of credit just after the first 7 months of opening the account while making monthly payments responsibly. Once your payments deposited on-time the increase is automatic. Hence, your increase in credit limit completely depends on your financial behavior.
Every end of the month of your payment, you will be updated with the FICO score after provided through the three major credit bureaus. To name them, Equifax, Experian, and TransUnion. FICO score is a free service provided by the bank. Moreover, it offers automatic account reviews for your credit line increases. The bank also provides flexible payment options.
Another good feature that it offers, you won’t be responsible for any unauthorized charges. Here you will enjoy peace of mind with $0 fraudulent liability from its excellent customer service. The bank also offers notification that you can customize according to your choice. Notification that matters your requirements including reminders for payments and transaction alerts or any other important notifications.
Merrick Bank provides two Visa cards namely Platinum Visa and Secured Visa. With Secured Visa card you can re-establish your credit history and turn it to achieve an excellent credit score. And if you want to secure your financial expenses then Merrick Bank Secured Visa can help you in taking control of your finances. It also provides various free financial education related to good credit building, money management resources and others.
How to apply for Merrick Bank Credit Card?
Well applying for any two Visa cards of Merrick Bank is not a very difficult task to perform. It is certainly an easy and simple application process. You can simply go to their website and can start your application by providing your personal information like name, address, and phone number. Thereafter continue to other personal info for identification purposes. Once applied for the card and get approved the process is quite fast, you will be mailed with Visa card and materials containing important information.
How to use Merrick Bank Credit Card?
You can use this card to improve credit score or to earn a credit rating if you are starting to use a credit card. Always take care of staying under a specific card limit which is $200-$3000 per month. Don’t make any more purchases so to avoid that sky-high APR rate which is quite much for a credit card.
Another point to consider is that always make on-time payments and try to never miss payments. Because your credit report reflects your good financial behavior. This way it will help you to build a good credit score.
You must take full advantage of the online account management tools like free monthly credit reports, its mobile app, notifications, and other facilities it provides.
Also Visit Avant Credit Card.
This definitely an amazing card for you to clear your poor credit history or to establish a new potential credit card static. The card has the best use for those who want to establish a solid credit card history in just six months.