Merrick Bank
Why We Choose It
The Merrick Bank Secured Credit Card is a secured card whose credit line equals your deposit of $200 to $3,000, with a 21.95% variable purchase APR and a free monthly FICO Score. The annual fee is $36 the first year, then billed at $3 a month. It suits someone rebuilding credit who wants to set their own limit.
Pros & Cons
Pros
- You choose your credit line with a security deposit of $200 to $3,000
- Free monthly FICO Score
- No account set-up fee and no foreign transaction fee
Cons
- Annual fee of $36 the first year, then billed $3 a month
- 21.95% variable purchase APR
- No rewards
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