![]() ![]() If you’re wondering “ Can you request a credit limit increase with Merrick Bank ?” there’s nothing on the site that expressly says you can’t. Not much information is provided about the frequency of these reviews, or the size of each increase. This applies to both the p latinum and the s ecured card offer. How Often Does Merrick Bank Increase a Credit Limit?Īccording to the card description on the website, cardholders undergo periodic review for credit limit increases. If you want to accept the offer, you simply provide your certificate number and contact information in the online form. The other is an offer-only card, meaning you’ll receive a certificate in the mail prequalifying you for the Mastercard. Of the two cards offered, it seems only the Secured credit card requires you to fill out a Merrick Bank credit card application, which you can do online. How to Apply for a Merrick Bank Credit Card If your main goal is to raise your credit score, the Platinum or Secured can help. You won’t find any Merrick Bank credit card rewards , but these cards are easier to apply for than many of their reward-earning alternatives. On the other hand, both of these credit-building cards report high APRs, which can become an issue if you frequently carry a balance. ![]() ![]() Whether or not one of these cards is right for you depends on how you plan to use it. Is a Merrick Bank Credit Card a Good Card? These tools, coupled with responsible credit use can help just about anyone turn their credit around or establish their score for the first time. When compared with other platinum and secured credit cards, the biggest standout feature among these is the educational aspect. A zero-liability policy for any unauthorized use of your card.Flexible payment options for those who have a preference for paying by check, over the phone, online, or through the Merrick Bank app.Complimentary financial education resources on everything from budgeting to building credit.Free monthly access to your FICO score through goScore.For one thing, these cards report to all three major credit bureaus. Card FeaturesĪs outlined on the bank’s website, Merrick specializes in credit building resources. According to Merrick, roughly 3 million consumers hold one of these credit cards, amounting to over $5.3 billion in credit. To fulfill this mission, Merrick currently offers 3 credit cards: a Mastercard and two versions of a Secured credit card. Since its founding in 1997, this bank has been focused on helping consumers build and rebuild credit. It’s also worth noting that Merrick is in the works to become a part of Ally Bank, after Ally Financial announced its purchase of the parent company, CardWorks, in early 2020. Merrick Bank is a n online financial institution headquartered in Utah. ![]()
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