Already approved for the credit card by the Merrick Bank and received a letter by mail. The letter states the approval for the Secured Visa Credit Card. According to the letter, you need to visit the official site by using the link www.doubleyourline.com and provide your application certificate number.
In this article, you will learn about the offers of Merrick Bank DoubleYourLine Credit Cards and the process of working along with the benefits of the card and application procedure. Before applying for the card, you should know about the details of the card. The main point is one should know about the credit card first before applying for it. Read the complete article to go through the details of the card if you are interested in this card.
Review: Our Thoughts On the Merrick Bank Credit Cards
- Currently, have a look at whether you are pre-approved within a minute without damaging your financial assessment.
- You can double your credit line by making the base installment in any event on time in the start for the first 7 months to keep your records uncluttered.
- The expansion is programmed when you make your installments.
- Update the FICO® Score each month when you deliver it from the credit authority.
- The Scam obligation shield you with $0 due to unapproved charges which is applicable online as well as on the mobile account.
- No penalty rates or over-limit fee is being charged to you.
Merrick Bank DoubleYourLine Credit Card Details
The details of the DoubleYourLine card are as follow:
- None of the Cash Back on Gas is applicable.
- No Cash Back on Groceries is applicable.
- None of the Cash Back on other is applicable.
- The rate of Purchase Introductory APR is not applicable.
- Up to $75 is the one-time setup expense.
- The annual fee is up to $96 in the primary year and after that period it is $8 every month.
- On every extra card, you will be charged up to $12.
THE MERRICK BANK DOUBLEYOURLINE™ VISA® CREDIT CARD’S
You can double your credit line by making the base installment in any event on time in the start for the first 7 months to keep your records uncluttered after opening your account. Let us take an example if you are making your payments on time in the first 7 months and your credit limit is $500 then you might be awarded an increment and your credit limit will be $1000. This will might be lower the usage of credit, which will affect the FICO rating.
What Merrick Bank says about this card
Have a look at whether you are pre-approved within a minute without damaging your financial assessment. After opening your account if you will make your minimum payments on time in the first 7 months then you can doubleYourLine. After you are on-time payments you will get an increase automatically. Update the FICO® Score each month when you deliver it from the credit authority. The Scam obligation shield you with $0 due to unapproved charges, which is applicable online, as well as on the mobile account. No penalty rates or over-limit fee is being charged to you.
Merrick Bank Secured Visa® Card
If you had received your approval on mail then the Merrick Bank Secured Visa® Card is the major card by the Merrick Bank, which you can get. As the secured credit cards are slightly different from the credit cards, so they need a security deposit first. Initially, the credit line of the card you are using will be the same as the total amount, which you had credited which depends on your creditworthiness between $200 and $3000.
The annual expenses for the MERRICK BANK SECURED VISA® CARD is $36. The people very less attractive to this card, as there are many other cards, which are not taking any annual fee and are offered to the customers with very low requirements.
Merrick Bank Visa® Card
Among all the other three cards offered by the Merrick Bank, the Merrick Bank Visa® Card is the one, which presents very low offers. The rates and fees details of the Merrick Bank Visa® Card is the same as the DoubleYourLine Visa ® Card without any special benefit, which makes the card costly. This card charges you an initial fee of $171 in between the setup fee and annual fee, which is a large amount and is much times greater than $36, which is the initial fee of the Merrick Bank Secured Visa Card.
A Quick Recap on DoubleYourLine from Blogs
- CreditKarma rates DoubleYourLine 3.4/5.0
- ConsumerAffairs rates DoubleYourLine 3.3/5.0
- CardRatings rates DoubleYourLine 3.0/5.0
It is quite clear above that DoubleYourLine has not received any sort of overwhelming rating from the giant blogs of the financial world.
If you wish to read detailed reviews and complaints of customers then click below.
Merrick Bank DoubleYourLine Online Invitation
The Merrick Bank sends the online invitation to the customers so that they can easily use the DoubleYourLine offers. The information you can know from this invitation is as follow:
- The Annual fee is None.
- To set up your account there are no charges taken from you.
- If you exceed your limit you will not have to pay for this.
- The credit line of $1000 is accepted.
- There is no fee for over limit.
- On paying $2000 you can double your line.
There are many other benefits as well in this offer, which you will get to know after receiving the invitation from the Merrick Bank.
How did Merrick Bank get my address?
According to our observation, the method by which the invitations are sent to different people is definitely by mailing them directly. They randomly buy the list of customers and send the invitation to every single person.
Method of how to respond to the invitation letter
Two of the methods are mentioned below to respond for the invitation letter.-
- Visit the site by using the link www.doubleyourline.com.
- Complete the pre-approved acceptance form and mail it to them.
How to respond to DoubleYourLine Mail offer Online
To respond online use the process defined below:
- Go to the Official Site of Merrick Bank by using the link Merrick Bank offer.
- Here you have to enter Acceptance Certificate Number, last name of yours as it is mentioned on the offer letter and your email address.
- After that click on the Apply Now button in green.
In case if you have not received the offer letter then you do not need to worry about all you have to do is complete the pre-approved acceptance form and mail it to them. The process is defined below:
- Go to the official site of Merrick Bank by using the link Merrick Bank offer.
- Here you have to fill the form by entering your first name, MI, Last name, Address type, Date of birth, Social Security Number (last four digits), Mention have you moved in the last 30 days and your email address.
- After that click on the button “See if I match”.
Merrick Bank Contact Number
If you have any query related to DoubleYourLine Credit Card or want some help then you can contact them by using the 1-800-204-5936.
If you want to send your query by mail then you can use the mail address given below:
Merrick Bank Customer Service
P.O. Box 9201 Old Bethpage,
Some of the alternative card are mentioned below have a look on them.
Discover it® Secured
When we compare Merrick Bank cards with other cards then the Discover it® Secured is taking the floor off because of the potential rewards and absence of the annual fee. The cardholders of Discover it® Secured get the 2% cashback opportunity at the restaurants and gas stations on the purchases you make up to $1000 each quarter and 1% cashback on all the other purchases. After the eight months, your account will be reviewed by the Discover and give the transition for the card with no security deposit. Like all the other secured cards, Discover is also available for the people with bad credit or no credit history.
- $200 is the Minimum security deposit.
- There is no late fee charged to your on your first missed payment.
- The annual fee is None.
Capital One® Secured Mastercard®
The people who are in favor of the Merrick Bank Credit Cards will better go for the Capital One® Secured Mastercard®, as it is providing a platform for the customers to build their credit with zero annual and setup fee. Moreover, you need to pay $49 as the minimum-security deposit to get a credit line of $200 initially, which is very less as compared to the Merrick Bank Secured Visa® Card. In addition to this, you will get increment in your credit limit after making the first five minimum payments every month. In comparison, the time span of this card is two months less than Merrick Bank Double Your Line™ Visa® Credit Card.
- $49 is the Minimum security deposit.
- You will get increment in your credit limit after making the first five minimum payments every month.
- The annual fee is None.
Frequently Asked Questions
- Is Merrick Bank a good credit card to have?
No this is not probably the best option to have as the Merrick Bank Double Your Line™ Visa® Credit Card has very high fees. Rather than this card, you should go for the secured card named as Capital One® Secured Mastercard®, $49 is the Minimum security deposit for this card.
- Does Merrick Bank charge foreign transaction fees?
Your deposit must be received by the Merrick Bank within a month after receiving the application. In the first year, the annual fee for this card is $36 and after that, you have to pay $0. 2% is the foreign transaction fee and $38 is the late payment fee.
- How long does it take for a credit limit increase?
You can apply for the increase in the credit limit online and you will receive the decision instantly. For another increase or decrease in the credit limit, you have to wait for four months and for requesting the decrease in the credit limit, you have to wait for the six months.
- Does Merrick Bank report authorize users?
By a simple phone call, the Authorized user can be removed from your account. You have to keep in mind that not all the issuers are the same. The Merrick Bank can add anyone as the authorized user but for the account history, you can only report to the spouse’s credit bureau.
- What is the location of Merrick Bank?
The headquarters of the Merrick Bank’s is located at 10705 S Jordan Gwyn,
Ste 200, South Jordan, Utah 84095 and the primary merchant of the account
division is located in Woodbury, New York. The name of the chief operations officer of Merrick Bank Merchant Services is Lisa Kenney.