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Merrick Bank Double Your Line® Secured Visa® Credit Card review

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Pay your balance on time and you could get a $200 credit limit increase.

  • Get this card if you want to build credit and you can’t get a better card.
  • Pick something else if you can’t afford to make a $200 secured deposit.
  • Apply with a poor credit score or with no credit history.


Annual fee


Purchase APR (variable)


Recommended credit score


Product NameMerrick Bank Double Your Line® Secured Visa® Credit Card
Card typeVisa
Annual fee$36
Purchase APR17.45% variable
Balance transfer APRN/A
Cash advance rate22.45% variable
Cash advance fee$10 or 4% of the cash advance amount, whichever is greater
Foreign transaction fee2% of the transaction value
Interest free periodUp to 25 days
Late payment feeUp to $40
Returned payment feeUp to $40

Expert review

Kliment Dukovski

Review by

Kliment Dukovski is a credit cards writer. He's written over 600 articles to help readers find and compare the best credit cards. Kliment has also written on money transfers, home loans and more. Previously, he ghostwrote guides and articles on foreign exchange, stock market trading and cryptocurrencies.

Expert review

The Merrick Bank Double Your Line® Secured Visa® Credit Card is a simple secured card for building credit. While you must make a secured deposit of at least $200 to use the card, the $200 is refundable and guarantees you’ll pay off your balance.

What sets the Bank Double Your Line™ Secured Visa apart from other secured cards is that you can get a $200 credit limit increase — without making an additional deposit. All you have to do is pay your balance on time for seven consecutive months after you open your account. As far as we know, no other secured card offers this.

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

To apply for the card, all you have to do is:

  1. Click Apply now.
  2. Fill out the application form.
  3. Review the form and submit.

What credit score do I need?

This card is designed for those with poor credit or no credit history. Poor credit is typically defined as a score below 579.

Merrick Bank Double Your Line® Secured Visa® Credit Card benefits

  • Credit line increase. After you make your $200 secured deposit and then make seven consecutive on-time payments, Merrick Bank doubles your credit limit.
  • Build credit. Merrick Bank reports your card activity to all three credit bureaus — Experian, Equifax and TransUnion. With responsible use, you can boost your credit score.
  • Free FICO score. Each month you get free access to your FICO score. This can help you track your credit-building efforts.
  • Relatively low APR. Most credit cards for building credit have an APR of around 25% or higher. But with this card, your APR on purchases will be 17.45% variable.

What to watch out for

  • Annual fee. You’ll pay a $36 annual fee for the first year in a one-time payment and $3 each month thereafter. Paying $3 per month is also $36 annually.
  • Secured deposit. You have to make a secured deposit of between $200 and $3,000 to use the card. Once you make the deposit, it acts as your credit limit.
  • Foreign transaction fees. Transactions made abroad or online with foreign retailers will cost you a 2% fee of the amount.

Compare credit cards

Name Product Filter values Minimum deposit required Purchase APR Annual fee Recommended minimum credit score
OpenSky® Secured Visa® Credit Card
Starting at $200
17.39% variable
Apply for this card with no credit check if you're new to credit or have bad credit.
OakStone Platinum Secured Mastercard®
Starting at $200
9.99% variable
Build credit and enjoy an ultra-low APR on purchases of 9.99% variable with this secured credit card.
OakStone Gold Secured Mastercard®
Starting at $200
13.99% variable
A secured credit card to help you build credit with a low APR on purchases of 13.99% variable.
Applied Bank® Secured Visa® Gold Preferred® Credit Card
Starting at $200
9.99% fixed
No credit check is required for this secured card. Make a deposit of at least $200 to open this card and get a low 9.99% fixed APR on purchases.
Assent Platinum 0% Intro Rate Mastercard® Secured Credit Card
Starting at $200
0% intro for the first 6 months (then 12.99% variable)
A rare secured card with a 0% intro APR on purchases for 6 months, followed by 12.99% variable.

Compare up to 4 providers

What do customers say?

The Double Your Line™ Secured Visa doesn’t have any reviews yet, but Merrick Bank does. The Better Business Bureau (BBB) rates the bank with an A+ where it’s also been accredited since 2012.

As of November 2020, more than 500 complaints have been resolved. Despite that, 74 customers rated the bank 1.45 out of 5 stars.

Bottom line

The Merrick Bank Double Your Line® Secured Visa® Credit Card is a standard secured card that can help you build your credit. The only standout feature is the $200 credit limit increase after you pay your balance on time for seven consecutive months. If this card doesn’t fit your needs, compare other secured cards to find a product that’s right for you.

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