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Merrick Bank Double Your Line® Secured Credit Card review

Pay your balance on time and you could get a $200 credit limit increase.’s rating: 4 / 5


  • 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.
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Annual fee


Purchase APR (variable)


Recommended credit score


Annual fee$36
Welcome offerN/A
Purchase APR20.45% variable
Balance transfer APRN/A
Minimum Credit Score300
Apply now

Review by

Kliment Dukovski is a cryptocurrency and investments writer who has written over 700 articles to help readers find and compare the best financial options. Kliment has also written on money transfers, home loans and more. Previously, he ghostwrote guides and articles on foreign exchange and stock market trading.

Expert review

The Merrick Bank Double Your Line® Secured 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.

On the downside, the card comes with an annual fee of $36 for the first year and then $3 per month, which is also $36 annually. This isn’t expensive for this type of card and for the $200 credit limit increase. But there are secured cards that don’t charge an annual fee that will do the job just fine.

Despite the annual fee, the Merrick Bank Double Your Line® Secured Credit Card is a solid credit-building card worth considering.

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

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

  1. Select 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 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 20.45% variable.

Merrick Bank Double Your Line® Secured Credit Card drawbacks

  • 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 secured credit cards

If this card isn’t right for you, compare other credit cards out there to find a product that best fits your financial needs. Consider what kind of perks you’re looking for, which categories you spend most in and what the card’s annual fee is.

1 - 3 of 9
Name Product Filter values Minimum deposit required Purchase APR Annual fee Minimum Credit Score
Capital One Platinum Secured Credit Card
$49, $99 or $200
28.49% variable
New to credit
A no-annual-fee secured card that separates itself from the pack with a $200 credit limit after making a more affordable than average deposit of $49, $99 or $200.
OpenSky® Secured Visa® Credit Card
Starting at $200
19.64% variable
Apply for this card with no credit check if you're new to credit or have bad credit.
Self Visa® Credit Card
Starting at $100
26.24% variable
Build your credit with a low minimum security deposit of $100 and no credit score required.

Compare up to 4 providers

Merrick Bank Double Your Line® Secured Credit Card reviews and complaints

The Merrick Bank Double Your Line® Secured Credit Card 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 July 2022, almost 2,500 complaints have been resolved. Despite that, over 600 customers rated the bank 1.06 out of 5 stars.

Bottom line

The Merrick Bank Double Your Line® Secured 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.

Credit card ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

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