Merrick Bank
Overall Satisfaction Rating
  • 5 stars
  • 4 stars
  • 3 stars
  • 2 stars
  • 1 stars
Based on 191 ratings submitted in the last year

Merrick Bank

ConsumerAffairs Accredited Brand

Merrick Bank is a top 20-issuer of Visa® credit cards with nearly two million customers, specializing in helping customers establish, re-establish, or rebuild their credit. The Bank offers two types of lending products for this purpose, unsecured credit cards and secured credit cards. Additionally, Merrick Bank provides consumer financing for marine and recreational vehicles, and Merchant Services throughout the United States.

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Merrick Bank Reviews

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Rated with 4 stars
Verified Reviewer Verified Buyer
Original review: Nov. 9, 2019

Following my divorce in 2012 my credit got shot through no real fault of my own. I decided to get the Merrick secured visa to start rebuilding my credit. I've now had the card for about 5-6 years and have always found customer service to be super friendly and helpful. The only real downside to this card was the limited line increases which only happened after about 2-3 years and were initially quite small. However, as my score has increased over time, these have become a bit larger and more frequent. If you're trying to rebuild your credit, and are willing to make payments on time in the future, and have the patience to do so, then I would definitely recommend this card.

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Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: Nov. 2, 2019

In May of 2019, I was alerted by Merrick Bank that my credit card had been used in a fraudulent transaction. When I received the call, I was actually traveling to Lowe's in Delaware to use my card for purchases I needed. The representative informed me that an immediate cancel and re-issue was needed for my card; but she allowed me to use my card for the immediate purchases I needed, as long as I agreed to call in after I made my purchases and then Merrick would cancel and re-issue. Three months later I lost the re-issued card and had to call back in to perform another cancel and re-issue. In both of those situations, I was treated courteously and respectfully, and the new cards arrived in less than a week.

4 people found this review helpful
Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: March 30, 2019

I'd never heard of Merrick Bank before I received a pre-approval offer in the mail. The promotional offer was too good to pass up, so I applied. I could not be more pleased with this card. Started out as a reasonable and generous credit limit and have been given several increases automatically with no hit to my hard inquiries. Has served to increase my credit score. Monthly FICO scores are ACTUAL FICO scores and not just bureau scores. It took me a little while to adjust to the new website design, but it is straightforward and tells you EXACTLY how much interest will be charged and how long it will take to pay off your balance if you make only the minimum payments. The minimum payment amounts are manageable if you need to use your card for emergencies.

OUTSTANDING customer service. I've never had a problem, so I've never needed to call anyone, but I receive friendly emails and letters when they need to communicate information regarding my account. Merrick Bank provides you with the resources to build a solid credit foundation and they reward responsible credit use!

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26 people found this review helpful
Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: Feb. 27, 2019

Highly recommend this credit card for someone who is starting to build credit or trying to repair a bad situation. I’ve never had any issues, unlike other cards out there (credit one I’m looking at you). They are good about increasing your credit automatically for consist on time payments. And I know having a Merrick account helped me get 2 other cards later one. There are no rewards and the annual fee sucks, but so did my credit so it’s worth it in the long run. They do free FICO score check, online/app friendly, and have great customer service reps if you ever have to give them a buzz. Overall, I’m very happy with Merrick Bank and I look forward to being a happy customer for many years.

16 people found this review helpful
Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: Jan. 30, 2019

I would gladly recommend Merrick Bank. I have never had any issue's using my card both domestically and internationally. Customer service is Friendly and helpful. They give periodic credit line increases (wish you could request) however they do offer them frequently. They offered me credit when I was rebuilding my score and helped me towards achieving the credit score I have today. The credit lines they offer are decent to start. Having a account with Merrick Bank get's you access to your fico score monthly and as I stated friendly customer service. I am happy I accepted the invitation to apply and have not one negative thing to say towards Merrick Bank. If you are looking for a credit card either secured or unsecured I recommend Merrick bank. I've been a happy customer for several years.

22 people found this review helpful
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Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: Dec. 12, 2019

Fraud Dept. called to see if I charged items. At first I didn't know if I charged some items but by looking through Emails I did. But when I said I wasn't sure they canceled my card.. Very happy and impressed they called right away.

Thank you,


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Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: Dec. 12, 2019

Since I been with Merrick, I had great customer service and nice increases. I never had a problem since I been with and hopefully it stays that way. I will recommend them to my friends if I had some. Great job Merrick.

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Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: Dec. 12, 2019

I’ve had Merrick Bank for almost 2 years now and they have been nothing but super to deal with. Merrick bank gave me the opportunity for a credit card and I have now increased my credit line 2 times. Thank you Merrick bank.

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Rated with 1 star
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Verified Reviewer
Original review: Dec. 8, 2019

I was informed about 14-15 months ago that Merrick Bank would be taking over my account from Nationwide. Set up for online payments, was told I would receive a card from them. Never did, pretty much forgot about it, didn't use the card much anyway when it was Nationwide. Get a letter today saying my account was canceled for non-use over the last 12 months and it won't be reopened. Maybe if they'd actually sent me a card...really stupid way to run a business.

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Rated with 1 star
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Verified Reviewer
Original review: Dec. 6, 2019

I asked 2 years ago for a rate reduction. They said no so I paid off card then within 2 weeks of not using it for a year they closed my account without any notice of any kind, glad I didn't need to use that card after my account got closed.

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Merrick Bank expert review by Beverly Harzog

Merrick Bank was founded in 1977 and is a top-20 U.S. issuer of Visa cards. Merrick Bank serves over 1,500,000 cardholders and specializes in credit programs that help consumers establish or rebuild their credit histories.

  • Financial education: Merrick Bank offers some excellent advice in “The Money Smart Financial Education Center” on its website. The bank also gives cardholders a look at their monthly FICO score, which is a valuable benefit.

  • Unsecured credit card: Merrick Bank offers Classic Visa and MasterCard credit cards. To apply, you need to have received an offer that has an “Acceptance Certificate Number.” This number is used to apply for the card online.

  • Secured card: For those who can’t qualify for an unsecured card, this bank offers Merrick Bank’s Secured Visa Card. This card helps consumers who are building or rebuilding their credit. A deposit between $200 and $3,000 is required. The credit limit equals the amount of the deposit. There’s a $36 annual fee.

  • Easy application: The company lets consumers apply for credit cards over the Internet and get an immediate acceptance or denial online.

  • Low rate: The APR for purchases is 17.70 percent. This is a good rate for a secured credit card.

  • Pay your bill online: It’s easy and free to pay your bill online. The bank also offers free tools to help manage your account online.

  • Best for: Merrick Bank focuses on consumers who need to establish or rebuild credit.

Profile picture of Beverly Harzog
Beverly Harzog Credit Cards Contributing Editor

Beverly Harzog is a nationally-recognized credit card expert, consumer advocate and author. She’s appeared on Fox News, CNN Newsource, NBC New York and more. Her advice has been featured in The Wall Street Journal, USA Today, Money Magazine,, The New York Times, Kiplinger, Real Simple,, Family Circle and much more.

Merrick Bank Company Information

Company Name:
Merrick Bank
Company Type:
Year Founded:
Postal Code:
United States
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