Plus, You'll Get These Perks

Monthly Reporting to the
3 Major Credit Bureaus

FICO® Score for
Free Each Month

Our Lowest
Interest Rates
Not Sure if a Secured Card is Right for You?

Frequently Asked Questions
Am I eligible for a Secured Credit Card?
Secured Credit Cards are great for people looking to build or rebuild credit and are available to people with all kinds of credit backgrounds. You may be eligible if:
- You successfully make your security deposit.
- You’re at least 18 years old.
- You have a verifiable Social Security Number.
- You have a verifiable physical home address in the U.S.
- You don’t have a pending bankruptcy.
- You don’t already have a Merrick Bank Secured Credit Card.
- You don’t have any outstanding tax obligations.
- You meet income/debt affordability and identity verification requirements for all credit card applications.
How does a Secured Credit Card help me reestablish or build credit?
How long will it take for me to receive my Secured Credit Card if I’m approved?
What is a Secured Credit Card?
How can I increase my credit line?
You can increase your credit line at any time by adding additional money to your security deposit, up to $3,000. We will also review your account on a regular basis to see if you’re eligible for additional credit line increases without the need for an additional deposit.
What is a security deposit?
When and how do I pay my security deposit?
Can I pay my security deposit over time?
What happens if I don’t send a security deposit?
What happens if I send a deposit but I’m declined?
Can I make an additional deposit and increase my credit line?
You can increase your credit line at any time by adding additional money to your security deposit, up to $3,000.
Will I ever get my security deposit back?
Is a Secured Credit Card more secure than an Unsecured Credit Card?
What’s the difference between a Secured and Unsecured Credit Card?
What’s the difference between a Secured Credit Card and a Debit Card?
What’s the difference between a Secured Credit Card and a Prepaid Card?
Can I apply for another Secured Credit Card if I already have a Secured Credit Card with Merrick Bank?
Will my Secured Credit Card say “secured” on it?