Merrick Bank Double Your Line® Mastercard® Credit Card Review: Pre Approval, Benefits, Rewards (2024)

Merrick Bank Double Your Line® Mastercard® Credit Card — all information about the credit card.

ByHanna Volkava

Updated February 01, 2023

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  • Rate and fee information
  • Fees
  • Features
  • About the issuer

Rate and fee information

  • Purchase Intro APR

    • None
  • Purchase APR

    • 23.70% - 29.95% *Variable
  • Intro Balance Transfer APR

    • None
  • Balance Transfers APR

    • None
  • APR for Cash Advances

    • 28.70% - 34.95% * Variable
  • How to Avoid Paying Interest

    • Your Payment Due Date is at least 25 days after the close of each Billing Cycle. You will not be charged interest on Purchases if you pay your entire New Balance by the Payment Due Date each month. You will be charged interest on Cash Advances on the transaction date.

Fees

  • Annual Fee

    • $0 - $72 annually
  • Fees for Cash Advances

    • Either $10 or 4% of the amount advanced, whichever is greater
  • Return Payment

    • Up to $40
  • Late Payment

    • Up to $40

Pros & Cons

Pros:

  • Double your credit line
  • $0 fraud liability
  • No security deposit is required
  • A free FICO score each month
  • A poor credit score is enough to apply

Cons:

  • High variable APR
  • No rewards
  • No balance transfer option
  • Cash advance fee

Features

Merrick Bank Double Your Line® Mastercard® Credit Card Review: Pre Approval, Benefits, Rewards (4)

Merrick Bank Double Your Line® Mastercard® Credit Card Review: Pre Approval, Benefits, Rewards (5)

  • Payment Flexibility
  • Fraud Protection
  • Free Credit Score
  • Purchase Protection
  • Poor Credit
  • Fair Credit
  • Good Credit
  • Excellent Credit

About the issuer

Merrick Bank

Merrick Bank has several card types depending on your needs.

Manage your Account & Pay your Bill

You can usually pay your bill online on your

Credit card issuer's website

Call to Customer Service

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Double Your Line® MasterCard® Credit Card Review

In this article, we’ll review the Double Your Line® MasterCard®, the credit (re)building card.

Double Your Line® MasterCard® is a credit card that will help you to build or rebuild your credit. Monthly reporting to the 3 major credit bureaus (TransUnion, Experian, Equifax) will help you to build your credit history. A free FICO score each month will help you to follow your progress with $0 spending. Despite its high interest rates, Double Your Line® can help you to increase your credit score, which, in turn, helps to apply for a credit card with much better conditions. With the addition of $0 fraud liability, doubling of the credit line in 7 months, and low credit score required to apply - Double Your Line® MasterCard® is surely an option to consider.

Double Your Line® MasterCard®: pros and cons

Pros:Cons:
Double your credit line. Make a minimum payment on time for just 7 months straight, and your credit limit will be automatically doubled.High variable APR. A regular APR of 23.70% - 29.95% is not the best number you can count on. But the main purpose of the Double Your Line® MasterCard® (building or rebuilding the credit) covers quite a high APRs completely.
$0 fraud liability. You are fully protected from unauthorized purchases and not taking any responsibility at all.No rewards. Double Your Line® is not a rewards card by any means. There are no cash back or other rewards that you can get.
No security deposit is required. Double Your Line® Credit Card does not require any security deposit.No balance transfer option. The absence of this option might be a drawback for those who prefer using the option strategically to save money.
A free FICO score each month. It is a great option for those who want to track the success of building or rebuilding their credit score every month.Cash advance fee. Double Your Line has a cash advance fee of 4% (min $10).
A poor credit score is enough to apply. Anyone who is in trouble in terms of credit score or who doesn’t have a credit score at all - can build it with Double Your Line®. Even if you have a poor credit score (300 - 579) - your application will be very likely approved.

Who can benefit from getting the Double Your Line® Mastercard® Credit Card?

If you have a bad credit score or don’t have a credit score at all - the Double Your Line® Credit Card is definitely an option to consider. Using Double Your Line® Credit Card will help you to build your credit in a short time by making payments on time. You will be able to follow the progress (checking your FICO score) for free.

For those who had hard times before and ruined their credit score by not making payments on time - Double Your Line® is a great option to rebuild it. Developing responsible credit habits will help you to build at least a good credit score. In 7 months of straight minimum payments, the credit card will justify its name - you will Double Your (credit) Line automatically.

If your credit score is already good - there are much better choices that will also let you increase your credit score but with better benefits like lower interest rates, an extensive rewards system, an intro APR period, or a $0 annual fee, for example. We would recommend taking a closer look at Chase Freedom Flex℠ ($0 annual fee, bonus cash back categories, and a 0% intro APR period for the first 15 months). To apply, you should have at least a good credit score.

Are there any other benefits?

Even though, Double Your Line® doesn’t have any rewards system or sign-up bonuses - it still has some perks to offer such as:

  • Design choices. You can choose from 5 different designs and pick the one you prefer the most.
  • Customer support 24/7. Customer support of Merrick Bank which is the issuer of Double Your Line® MasterCard® is working 24/7 and ready to help you at any moment.
  • Merrick Bank pre approval status. You can prequalify for the Double Your Line® Credit Card® and check your pre approval status within a few seconds without affecting your credit score.
  • Low annual fee. Double Your Line® has an annual fee between $0 - $72 depending on agreement which is a satisfying rate.

Conclusion

In our opinion, Double Your Line® is a credit card that is excellent for people with bad credit who want to fix it. If you haven’t built a credit history at all, or you had difficulties with payments on time earlier - Double Your Line® MasterCard® can help you to increase your credit score in a short time. With the additional benefit of increasing your credit limit in just 7 months, and high approval odds - Double Your Line® MasterCard® may become the first step on the way to building/rebuilding your credit score. For those who have at least a fair credit score - Double Your Line® MasterCard® is not the best choice due to the lack of a rewards system and a high variable APR.

FAQ

What is the customer service phone number for Double Your Line® Mastercard® Credit Card?

Customer Service is working 24/7, and you can call it any time using the following phone number: 1-800-204-5936.

How to check my application status for Double Your Line® Mastercard® Credit Card?

If you are a new customer of Merrick Bank - you can check it by phone using the number that we provided earlier. Or, if you are already a member of Merrick Bank - you can do it from the mobile application.

Is doubleyourline.com legit?

Yes, it is absolutely legit. Double Your Line® is issued by Merrick Bank, a member of FDIC.

Is Double Your Line® credit card a Visa or Mastercard?

It used to be a VISA before, but now it is a MasterCard.

What credit score do you need for Merrick Bank Double Your Line® Mastercard®?

You can apply for the Double Your Line® Credit Card starting with a poor credit score (300 - 579).

Merrick Bank Double Your Line® Mastercard® Credit Card Review: Pre Approval, Benefits, Rewards (12)Hanna Volkava

Financial and product expert

hv@myfin.us

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