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Merrick Bank Double Your Line™ Platinum Visa® Credit Card review

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Numerous fees and a high APR make credit-building difficult.

  • Get this card if: you really want a unsecured credit-building card.
  • Pick something else if: you qualify for a card with a lower APR and annual fee.
  • Apply with a poor credit score of 300 or higher.

Up to $70

Annual fee

20.95% to 29.2%

Purchase APR (variable)


Recommended credit score

Merrick Bank Double Your Line™ Platinum Visa® Credit Card
See if you are prequalified without harming your credit score.

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Product Name Merrick Bank Double Your Line™ Platinum Visa® Credit Card
Annual fee $0 to $70
Purchase APR 20.95% to 29.2% variable
Balance transfer APR N/A
Cash advance rate 25.95% to 34.2% variable
Late payment fee Up to $39

Expert review

Steven Dashiell

Review by

Steven Dashiell is a credit cards writer at Finder. He's worked on 250 Finder articles and counting, helping readers embrace and maximize credit cards. Backed by nearly a decade of research and reporting experience, Steve's work can be seen on, and Lifehacker.

Expert review

While the offer to double your credit limit after a few on-time payments sounds enticing, the rest of this card’s features signal red flags. Namely, you’ll pay an annual fee of $0 to $70 and an APR of 20.95% to 29.2% variable, depending on your creditworthiness.

Strong unsecured credit-building cards feel like something of a rarity on the market and the Merrick Bank Double Your Line Platinum Visa Credit Card falls squarely into the “read the fine print” pile. Certainly, the card offers some credit-building perks, such as reporting to the major credit bureaus and offering FICO score updates each month. But so do countless other credit cards – albeit without the fees.

If your goal is to build your credit score, you should look to do with while paying as little in fees as possible. With a potential annual fee and a high APR hanging over your head, we recommend you look elsewhere to build your credit.

How to apply for the Merrick Bank Double Your Line™ Platinum Visa® Credit Card

To apply for the Merrick Bank Double Your Line™ Platinum Visa® Credit Card:

  1. Go to the provider's site and click Apply now.
  2. Fill out the required information to see if you prequalify without affecting your credit score.

What credit score do I need?

Merrick Bank may send offers to apply if you have a poor credit score of 300 or higher.

Card benefits

  • Double your credit line. Merrick Bank may double your credit line after you make your minimum payment each month for seven months.
  • No penalty rates. You won’t experience a penalty APR for late payments or incur overlimit fees.
  • Credit score. You’ll have monthly access to your FICO score.

What to watch out for

  • Fees. This card has a higher-than-average number of fees associated.
  • High APR. The purchase APR on this card is higher than average at 20.95% to 29.2%.
  • Rising credit limit. After seven minimum payments Merrick Bank raises your credit limit. Though this could be a benefit, a higher limit has the potential to lead to debt and overspending.

Fees to watch out for. The Merrick Bank Double Your Line™ Platinum Visa® Credit Card carries a sizable number of fees for a credit-building card. These include:

  • Annual fee: $0 to $70
  • Late payment fee: Up to $39
  • High cash advance APR: You’ll pay a variable APR of 25.95% to 34.2% on any cash advance transactions you make with your card.

Compare other credit cards

Name Product Filter values Rewards Purchase APR Annual fee
Blue Cash Preferred® Card from American Express
6% on select US streaming services, 3% on transit and US gas stations, 6% at US supermarkets on up to $6,000 annually, then 1% after that and on all other purchases
0% intro for the first 12 months (then 13.99% to 23.99% variable)
$0 intro annual fee for the first year ($95 thereafter)
Perfect for families: Get up to 6% on everyday purchases and a welcome offer worth $300. This heavy-hitter rewards card has uncontested value. Rates & fees
Blue Cash Everyday® Card from American Express
20% at up to $200 back in the first 6 months, 2% at US gas stations and select US department stores, 3% at US supermarkets on up to $6,000 per year, then 1% after that and on all other purchases
0% intro for the first 15 months (then 13.99% to 23.99% variable)
This everyday cashback card is ideal for Black Friday and holiday shopping with 20% back at up to $200 back in the first 6 months. Rates & fees
Chase Freedom Flex℠
5% back in rotating categories up to $1,500 combined each activated quarter (then 1%), 5% on travel purchased through Chase, 3% on dining and drugstores, and 1% on all other purchases
0% intro for the first 15 months (then 14.99% to 23.74% variable)
Get up to 5% cashback in rotating and newly added everyday categories. The refreshed Freedom Flex card has lots of earning potential.
Chase Sapphire Preferred® Card
5x points on Lyft, 2x points on travel and dining and 1x points on all other purchases
15.99% to 22.99% variable
Earn a signup bonus worth $750 with this popular travel card. Combine with other Chase Ultimate Rewards cards for even greater value.
Citi® Diamond Preferred® Card
0% intro for the first 18 months (then 14.74% to 24.74% variable)
An impressive 18 months intro APR on balance transfers and purchases, as well as no annual fee make this one of the top 0% APR cards available.

Compare up to 4 providers

Bottom line

Given this card’s numerous fees and high APR, it’s hard to recommend the Merrick Bank Double Your Line™ Platinum Visa® Credit Card for building credit. Even if you were to use this card perfectly, paying an annual fee is counterproductive to your ultimate goal of financial health.

If you need to build or rebuild credit, we recommend comparing secured credit cards to find one that best suits your financial profile.

Frequently asked questions

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