About Merrick Bank
Merrick Bank specializes in programs for those looking to build or rebuild their credit. The FDIC-insured company has served nearly 3 million cardholders and extended over $5.3 billion in credit. It also provides consumer finance options to marine, RV and horse trailer dealers. With its merchant acquiring services and independent sales organizations, it supports a wide range of merchant categories and offers multinational and dynamic currency services, next-day funding and daily reconciliation.
Overall Satisfaction Rating
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- Cards and loans for low credit scores
- Financial education resources
- goScore program
- Minimum $25,000 for CDs
- No balance transfers
Merrick Bank specializes in credit repair products and services for people looking to rebuild or fix their credit. Some of its credit cards come with high fees, but its Double Your Line credit card has double credit limit increases.
Merrick Bank Reviews
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Merrick Bank is absolutely awesome. Originally, I started out at a $900 credit limit. 6 months later raised it to $1800.00. Make your payments on time. Merrick rewards you! I am now at $2000.00 credit line. Within a year's time.
Merrick has provided the needed credit to continue business. Not once have I been scammed for a “late one day” exorbitant fee routinely found in the business practices of Cap One. Very pleased with my experience with this bank. I would highly recommend them to anyone looking for a reputable bank credit arrangement.
Because of my loyalty and on-time payments I would hope to have my interest rate lowered. It is higher than other cards I have and my credit limit with you is also lower. I have never ever missed a payment.
Love the company and what they have to offer. Easy website and easy to pay your bill online. I also like that they keep track of your account and give you increases as you earn them. They have great customer service also.
Would rather not have monthly/annual fees with this card. I have had this card for a very long time and it would be nice to not have fees associated with it. I love the fact of how frequent you guys give me a credit line increase though.
This is a great credit card. The app is easy to use and pay on your credit card. They double your credit line after the first 6 months is why I got this card. It does lack a rewards program and the apr is at 29.99 %. This card is definitely worth having if you don't mind the lack of rewards.
My experience with Merrick Bank has been great. Their website is easy to use and they have met my expectations. They increased my credit line as they promoted based on my account status which was wonderful. I would definitely recommend them.
Okay I really like this credit card co. Very friendly and easy to deal with. Keep up great work. Even when I go on vacation out of country very easy to deal with on days I will be in that country and if I need anything while away call them.
It has been easy to make payments through the app. Limit increase for making payments on time are very rewarding. Wish the rates were able to be lowered. That should be an option to lower rates or increase limit.
I accepted the offer I received in the mail by Merrick Bank in order to continue building my credit. Once I got the card, I immediately downloaded the app and set up auto pay for the account. The app was very clunky, and the technology behind it seemed dated. I would call up Customer Service and they would assure me everything was in place and auto pay would work. It never did and every month I would end up paying late fees. I shut down the account after a few months because the auto pay again would never work, and they said they would have to report a late payment to the credit bureaus.
All this bank did was hurt my credit through incompetence, and billed me for more money than they should’ve gotten through their fees. I don’t trust this company at all, they should never been any late payments had their technology worked. I work 80 hours a week, I try to automate as many things as possible so that I can focus on the most important tasks at hand. The customer service was god-awful, and it feels like that is by design. They don’t want to help you, they want to find ways to tack fees on.
All my other credit cards work properly from other banks, and my credit is quite good now. But it really angers me that two years later my credit report still shows that I made a late payment, which I never did. It’s their tech that is crap and their customer service that is even worse. They won’t work with you at all, they’ll get as much money out of you as you can, and then discard you, damaging your credit in the process. I highly encourage people to not trust us bank.
I highly recommend Merrick. No issues at all, love the fact that they are constantly review your credit and based on that they raise your credit limit. Anyone looking to have a card that will help you with your credit! This is the card to get.
Perfect credit card banking experience. Hassle free, this credit card company gives you a credit limit increase without you asking for one. Keep your payments on time and they reward you! They are also there for you 24/7 if you need help or have any questions. They also are experienced and knowledgeable in helping you getting started, and in other ways as well. I highly recommend Merrick Bank. I'm very happy to be a customer!
I thought the credit line they offered wasn't worth getting their card, but they claimed they would double available credit. I called, I confirmed, I used the authorization code myself, when the time came, they said they did see I confirmed with A rep, but my account did not come with A double your credit line program associated with it, and there was nothing I could do about it. My credit wasn't great, and it has not improved, which is why I think they are being intentionally dishonest. In G-d I trust.
This is has an amazing card that has helped me to double my credit score and be accountable! Thank you so much! I will gladly recommend you to anyone that is looking for a great company to deal with. I look forward to a long financial relationship.
I was approved for a card that was mailed in January, never came. I repeatedly called to ensure it wasn’t used and they lied to me over and over. First it was a wrong address, then it was a processing delay, then it would be there in 2 days. Card never came. Every person I spoke to had a different story for why. No one could update shipping in over a month. Seems like a scam or something dishonest and I was very dissatisfied with each person having a different story.
My banking experience have been a five  star rating and YES I would recommend your bank and service ...I find it very easy to make payments with your online app...I wheel your card with confidence. I thank you for what I have.
I am very please. Merrick keeps me informed and is very easily reached. I have never had any problems and customer service is outstanding when needed. Access online is easy and user friendly as well. Emails and notifications timely and accurate!
I had an unauthorized charge on my Merrick Bank credit card. Called Jan.10 to dispute the charge. They credited the amount back to me and I was told I would get a new card due to the fraud on the first card. I was told it would only take 7-10 days. January 31, 2023 rolls around and I do not have the replacement card. I called and was told the replacement card was not only mailed, but someone activated it. The woman also told me that I can still use it because it is activated. What?!?! I have never received the card and certainly did not activate it. This woman is with the security and fraud dept.
I was told again I would get a new replacement card in 7-10 days. It is February 11, and still no new card. I called again yesterday, and the man on the line stated that I should get my card on Tuesday, if not in 15-20 days. WHAT?!?! I am losing my patience with this company and beginning to think I have been scammed. I am going to call my state attorney general's office to investigate, because this is just ridiculous and fraud on this company's part. How are you able to get away with taking people's money without providing the product/service? Not only did I not receive my replacement card(s), I now have TWO accounts put on my credit report, when I only have one account. What the heck?!?! Send me my card and take that second account OFF of my credit report.
Merrick has been a great credit card to help me build my credit. Terms are clear and I've never had any trouble or felt taken advantage of. They do periodic reviews of my account and offer me a line increase accordingly. Very pleased in my years with them.
I never have any issues with Merrick Bank. From time to time, I always get cash from ATM and always been provided. Some banks would disable your account after 2 withdrawals. Merrick Bank has always been there for me. I am treated fair with their excellent service.
I have used this card for years. Whenever I have called, the customer service reps are very helpful. I will continue to use this card. The reps speak clearly, know their products and listen to what you are saying. Any issues I have had, they have resolved it to my satisfaction.
I do not use and carry the card much in my wallet because of its low credit line compared to my other credit cards from credit unions and major banks and are very good with everything else. Otherwise my overall experience is excellent.
Yes I recommend you because you increase the balance fast than other companies that I'm very happy because I'm check my balance in my application I have in my phone if you pay at time for 6 months you increase. That I love.
Yes This is an excellent card and Bank and the staff is very honest and they take their time with any questions that need to be answered and if there are any issues with online banking and or charges and or Payments. Thank you, Elaine.
My wife was told this was an error and would be credited. When I didn't see credit after a week, I was told it would be done. It's still not done. My wife spent a lot of time on these two phone calls, with so many press 1, press 2 options. Very difficult to get to anyone who could help.
My husband and I got an RV loan from them, BIG MISTAKE!!! We got a $12,000 loan 5yrs ago and our principal has only gone down $1700. We have tried twice to refinance with our local bank for a lower interest rate and Merrick will not send the bank the information they need for the payoff. My payment is $260 and I never pay less than $300. I paid $700 this month and my principal only went down $253. This company said they will help rebuild your credit but I have been about 10 days late a couple times and they told the credit reporting companies I was a month late. This $12,000 RV is going to end up costing me around $35,000. I would give them 0 stars if I could. RUN from the credit building and RV loans. Even their employees say that they will not get a loan from them!!!
Have outstanding history. Why should we still have a $4.00 charge to keep your card, considering cancelling card this year, please review account and see if there is a way, we could at least cut it down to $2.00 for that would help.
They do not offer 2 percent or 5 percent cash back on purchases. Other credit cards are offering this. At this point, it would be better to use those with the economic crisis with the inflation to give us the want to use this card.
I lost my debit card 3 weeks ago, I called to get it replaced and it's still not here. Luckily I have other accounts and cards but otherwise this would be totally crippling to my ability to function on a daily basis, and up until now I've had 0 problems with your service. Can someone please tell me what is going on?
Merrick Bank gave me an opportunity to establish credit. They gave me a credit limit & then a credit increase after successful making on time payments. They worked well with me even during pandemic.. Very happy with the outcome of this card!
Merrick Bank Company Information
- Company Name:
- Merrick Bank
- Company Type:
- Year Founded:
- Postal Code:
- United States