Our two Secured Card products were created with you in mind. Pick the one that fits your needs.

Double Your Line® Secured Credit Card
Deposit $200, which becomes your credit line. Then we'll double your credit line to $400 without another deposit by making at least your minimum payment on time each month for the first 7 months your account is open.

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 do I double my credit line?
For the Double Your Line: secured credit card, your $200 credit line will automatically double to $400 if you make at least your minimum payment on time each month for the first 7 months your account is open. You won’t need to deposit any more money to receive the doubled line.
For the Classic secured credit card, your credit line won’t double. Instead, you can start with a credit line of $200-$3,000, depending on your deposit. Your account will then be reviewed periodically after the first year to see if you’re eligible for a credit line increase. If you qualify, your credit line will be increased without the need for an additional deposit.
Do I have to deposit more money to double my credit line?
For the Double Your Line secured credit card, you don’t need to deposit more money to double your credit line. Your credit line of $200 will double to $400 automatically if you make at least your minimum payment on time each month for the first 7 months your account is open.
For the Classic secured credit card, your credit line won’t double. You can increase your credit line at any time by adding additional money to your security deposit, up to $3,000.
How can I increase my credit line?
For the Double Your Line secured credit card, your $200 credit line will double to $400 if you make at least your minimum payment on time each month for the first 7 months your account is open. You can also increase your credit line by adding more money to your security deposit at any time, up to $3,000. However, we will only double the original $200 amount. After you’ve received your $200 increase, your account will be regularly reviewed for credit line increases without the need for an additional deposit.
For the Classic secured credit card, 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?
For the Double Your Line secured credit card, you can deposit additional money to increase your credit line at any time. However, we will only double the original $200 amount.
For the Classic secured credit card, 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?