Merrick Bank Credit Card Application Offer Verification (2024)
How We Will Calculate Your Balance: We use a method called "average daily balances (including new purchases)." See your Cardholder Agreement for more details.
Annual Percentage Rates: Daily Periodic Rate for Purchases 0.06219%; Daily Periodic Rate for Cash Advances 0.07589%.
Variable Rate Information: Purchase Margin 14.20 percentage points; Cash Advance Margin 19.20 percentage points. Your APR for Purchases and Cash Advances may vary. The rate is determined by adding the appropriate margin shown to the Prime Rate*. If the Prime Rate* increases, your APR will increase accordingly, with no cap. An increase in your APR will result in an increase of your minimum payment amount.
*"Prime Rate" means the prime rate of interest published on the last business day of each month in The Wall Street Journal (or a comparable rate if The Wall Street Journal ceases publication).
The information about the costs of the card described in this solicitation is accurate as of 09/01/2024. This information may have changed after that date. To find out what may have changed, and to get the most current rates, please write to us at Merrick Bank, P.O. Box 5000, Draper, Utah 84020-5000. Subject to applicable law, the Cardholder Agreement also permits Merrick Bank to make changes to the Terms and Conditions of the Account after the Account is opened.
Minimum Payment: All past-due amounts, any Annual Fee billed monthly, any Additional Card Fee billed monthly plus the greater of the following amounts: (i) 1% of your New Balance plus Late Fees, Cash Advance Transaction Fees, Over Limit Fees, Returned Payment Fees, and Interest Charges billed during the Billing Cycle for which the Minimum Payment is calculated, as shown on that periodic statement, rounded to the next-higher dollar; or (ii) $35. If the New Balance is less than $35, the Minimum Payment will be the total amount owed.
If you are a married applicant, you may apply for credit in your own name.
California Residents: A married applicant may apply for a separate account. As required by law, you are hereby notified that a negative credit report reflecting on your credit record may be submitted to a credit reporting agency if you fail to fulfill the terms of your credit obligations.
NOTICE OF COLLECTION OF PERSONAL INFORMATION Merrick Bank will collect the following categories of personal information: (1) Personally Identifiable Information you provide as part of an application; (2) Internet or other electronic network activity; (3) Telephone numbers and email addresses. We will use the information in the categories above to administer and service your account.
Merrick Bank’s Privacy Policy can be obtained at www.merrickbank.com/privacy-notices.
Delaware Residents: Service charges not in excess of those permitted by law will be charged on the outstanding balances from month to month.
Illinois Residents: No applicant may be denied a credit card on account of race, religion, national origin, ancestry, age (between 40 and 70), sex, marital status, physical or mental handicap unrelated to the ability to pay or unfavorable discharge from military service. The applicant may request the reason for rejection of his or her application for a credit card. No person need reapply for a credit card solely because of a change in marital status unless the change has caused a deterioration in the person's financial position. A person may hold a credit card in any name permitted by law that he or she regularly uses or is known by, so long as no fraud is intended thereby.
Maryland Residents: Interest charges will be imposed on the outstanding balances from month to month in amounts or at rates not in excess of those permitted by law. You have the right under Maryland Commercial Law Code Section 12-510 to receive an answer to a written inquiry concerning the status of your account.
If you have any questions, you may contact Merrick Bank Customer Service at 1-877-727-6885.
New York Residents: Merrick Bank may obtain consumer reports on you in connection with an update, renewal or extension for which you have applied. Upon request, we will inform you whether or not we requested a consumer report on you and the name and address of the consumer agency that furnished the report. New York residents may contact the New York State Department of Financial Services by telephone at 1-800-342-3736 or visit its website at www.dfs.ny.gov for free information on comparative credit card rates, fees and grace periods.
Ohio Residents: The Ohio law against discrimination requires that all creditors make credit equally available to all creditworthy customers, and that credit-reporting agencies maintain separate credit histories on each individual upon request. The Ohio Civil Rights Commission administers compliance with this law.
Wisconsin Residents: This offer is not valid for residents of Wisconsin.
It usually takes anywhere from two business days to two weeks to get approved for a Merrick Bank credit card. If you're approved, your new credit card should reach you in about 7-10 business days. In case your application is denied, you could try calling (800) 204-5936 to ask the issuer for a reconsideration.
No, you can't use your Merrick Bank credit card before it arrives because Merrick Bank does not disclose your card number, expiration date, or CVV in advance. You will have to wait for your Merrick Bank credit card to arrive and then activate it before you can use it.
The starting credit limit for a Merrick Bank credit card is $200-$550, depending on the card you choose to apply for. Everyone approved for the Merrick Bank Credit Card card will have a credit limit of at least $550, and the Merrick Bank Secured Credit Card's minimum security deposit is $200.
You can check your credit card application status by calling the customer service number for the issuer. Most credit card issuers also let you check your application status online. (In some cases, this is an option only if you applied for the card online.)
You'll need enough income to pay your bills each month, too. Merrick Bank credit card applicants can get approved with a bad credit score of 639 or below, however, so even a low credit score shouldn't hold you back.
There are a few more things you should keep in mind before you apply for the Merrick Bank Double Your Line® Mastercard® Credit Card. By invitation only — The Merrick Bank Double Your Line® Mastercard® Credit Card isn't open to everyone — you must be invited to apply.
Merrick Bank is a top 200 credit card issuer in the U.S. We offer both unsecured and secured credit cards to help those who are looking to build or rebuild their credit. Take a look at what the freedom of a Merrick Bank credit card could do for you.
Merrick Bank is a subsidiary of CardWorks, Inc., a U.S.-based financial services company headquartered in Woodburry, New York and founded in 1987. Merrick Bank has been a subsidiary of CardWorks, Inc. since 1997, and it is the 18th-largest credit card issuer in the United States, with 3.64 million cards in circulation.
Merrick Bank. Our cards. *You can double your credit line by making at least your minimum payment on time each month for the first 7 months your account is open.
The Merrick Bank Credit Card is a pretty good unsecured credit card for people with bad credit. You can get a credit limit of $300 to $1,350 to start, without placing a security deposit and with the potential for credit limit increases to reward consistently on-time payments.
Therefore, even though Merrick Bank does not offer virtual credit cards directly, Click to Pay will still allow you to get a virtual card number for your Merrick Bank credit card. This can give you an added layer of security for online purchases.
The cash advance limit for the Merrick Bank Credit Card is $500 per day. The amount you withdraw, though, cannot exceed your available credit. Please note that cash advances are costly transactions and should be reserved only for emergencies.
Indeed, credit-building is the main benefit of the Merrick Bank credit cards. There are no other perks, like a 0% interest promotion or cash-back rewards. Plus, you may be on the hook for a few pricey fees, making other starter credit cards or cards for bad credit more appealing options to consider.
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