Double Your Line™ – Respond Merrick Bank Platinum Visa® Card Offer

A poor credit profile typically means your credit card options are very limited. With a bad credit score it is best if you do not aim for unsecured credit cards as most issuers would ask you to make a security deposit before lending you money. However, the Merrick Bank DoubleYourLine keeps the options of unsecured cards open for you even when your credit history is in bad shape. The only downside is that you might not qualify for “amazing” terms and additional fees might be higher too.

This article would give a complete review of what you are in for, what are the advantages of choosing Merrick Bank services and how to apply for Double Your Line credit card. Read the complete article to find out alternative to this card as well as have answers to your frequently asked questions.

Did You Know? “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.”

Merrick Bank Double Your Line Highlights

Sometimes your financial standing may not allow you to manage a deposit for a secured card. Also a poor credit score would mean you can not qualify for good unsecured cards either. In this situation, Merrick Bank credit cards can prove to be a reliable choice.

In an exchange for an annual fee, interest rates and a handful of additional charges you can become a cardholder even with a poor credit history.  Continue reading till the summary section to find out all the fees associated with Merrick Bank DoubleYourLine credit card.

What makes it an amazing choice then?

The feature that stands out is the credit limit. The initial limit is set to be $550 to $1,250 depending on your credit worthiness. However after just 7 months of responsibly using the card, the limit will be doubles automatically. This is subject to on-time payments, avoiding debts and clearing balances in full. The credit line will continued to reviewed after that too and if you are lucky enough, you might again qualify for a even higher limit! In contrast to this, many other credit card issuers do not allow an increase in limit before a year or so. Some even charge an additional fee up to 25% of the increase for the credit line raise.

Typically, applicants who qualify with the lowest credit worthiness have to deal with hefty fees. On the other hand, if you present a good credit history while applying for the Merrick Bank credit cards it Is highly likely that you will be offered more reasonable APR and set up charges. You might even get no-annual fee offer!

Note! Do you want to learn where you stand before applying? Continue reading to section below on how to visit www.DoubleYourLine.com and complete pre-qualification form.

Everything You Need To Know About DoubleYourLine Card!

If you get approved for the Merrick Bank cards with low credit worthiness, the additional hefty fees should not come as a surprise. Although with time a higher credit limit and improving credit score and help you manage your finances better. Here are all the fees you would have to keep in mind before becoming a cardholder.

Recommended credit scorePoor-Excellent
Regular APR17.45%-27.7% (Variable)
Annual FeeUpto $72
Setup Fee$75
Credit Limit$500 or more

The Good Side

  • Credit Score Check

The first step towards improving credit score is to keep a regular check on financial activities and credit report. Therefore, free FICO score is a tool now offered by many popular credit cards for those with good to excellent credit score. What about the average scorers? Merrick Bank DoubleYourLine credit card offers this chance to all their users regardless of their credit history.

  • A Chance To Double Your Credit Limit In Just Few Months!

This is the major feature for which the card stands out. Merrick Bank is keen to reward the users with good habits by automatically doubling their credit line after just 7 months of responsible use. That means a jump from $500 to $1,000 simply by making on-time payments! This would not cost you any additional penny or even the ordeal to go through an application process. A higher limit would ensure that you easily maintain a good credit utilization ratio which would in turn help in improving credit score over time.

  • No Monthly Maintenance Fee

Although the card may look expensive in the first look but it is still more manageable than other cards that come with hidden hefty fees. For example, a number of cards require you to pay $6.25 or more as a monthly maintenance fee which accounts up to alot in a year.

The Bad Side

  • Additional Charges

Although it is possible to get approved for Merrick Bank credit cards with poor credit history, still it usually comes with hefty additional charges and a set-up fee of $75. This coupled with $72 annual fee means that a total of $147 would be gone from your account even before you start using the card.

Attention! “Be aware that any annual or set-up fees eat into the credit limit initially available to you.”

  • Higher APR

Applicants with a poor credit score would generally be approved for a higher APR. The interest rates charged by DoubleYourLine credit card is much more as compared to other competitive secured and unsecured cards in the market. Therefore, most users consider this difficult to afford and associate it with the risk of falling behind in paying bills in future.

  • High Annual Fees

Depending on your credit history, you might have to carry an annual fee as high as $72. This is quite a lot as compared to other unsecured cards. The only good side is that you can spread out the entire payment into $6/months instead of having to clear the annual fee all at once.

How To Respond To Online Invitation?

Eligible customers often receive online invitation from Merrick Bank to ease their application process if they are interested. Are you one of the lucky ones? Then here is how you can respond to this offer online.

  • Open the link provided in the online mail offer. This would direct you to the official Merrick Bank Double Your Line page.
  • Here? Now provide the Acceptance Certificate number, name and email ID.
  • Press the Apply Now button to continue.

How To Respond To Mail Offer?

Often invitations are also sent out by directly mailing letters to customers addresses. Merrick Bank obtains this information by buying the list of customers and then individually sends out invitation letter. Here is how you can respond to mail offer.

  • Note the Acceptance number from the letter in mail.
  • Visit the official website at www.DoubleYourLine.com and complete the pre-approved acceptance form.
  • Click on Apply Now when complete.

You have not received any pre-approved letter in mail or online? Do not worry! You can visit their official website yourself to complete the form and mail it to them. Here is how that works!

Visit www.DoubleYourLine.com Today!

Here? Now open the online application form and provide the following information:

  • First and Last Name
  • Middle Name (if any)
  • Address
  • Date of Birth
  • Social Security Number
  • Email ID

You also have to provide information on whether you have moved in the past 30 days or not. After that click on the “See If I Match Button” to continue.

Double Your Line Merrick Bank Reviews

Users from across the nation have different reviews and comments regarding their experience with the Merrick Bank DoubleYourLine credit card. Before you make up your mind if this is the right choice for you, go through the remarks below to help you decide better!

A Credit Karma member rated the card 4/5 and commented:

“I’ve had this card for a year and a half after getting sick and screwing up my credit, and its just fine. I was initially approved for $900 CL with low 500’s. Merrick gave me my increase two payments early, and two more in the last six months, bringing me to $2400 and into the mid 600’s. My score has gone up enough to replace two fee’d starter cards with an unsecured Capital One Platinum, as well as an Amex Gold that I use as a glorified FICO-reporting debit card.”

Another member on the same platform rated the card 5/5 and remarked:

“In my opinion, the Merrick Bank Double Your Line Visa card is the best of all of the cards for those needing a credit boost. My limit doubles next month. None of my other cards offered that. The website is simple to navigate, payments post quickly, too. I love the card and I’ll keep it, even after my credit is repaired to where I want it to be.”

Mattie Roberts rated the Merrick Bank services 5/5 and commented:

“Merrick bank card services, has truly been an Uber pass in the revolving world of constant financial challenges , thanks guys, this card has been very magical for my life. Thanks again.”

Victor Small also remarked generously:

“They are reliable, faithful, and loyal to their customers. I’ve been with them about 5 yrs.and I love them.”

DoubleYourLine Ratings

CardRatings: 3/5

ConsumerAffairs: 3.3/5

CreditKarma: 3.4/5

What Are Your Other Choices?

It is true that with a credit score in poor shape your chances of qualifying for good unsecured credit card are very low. However, you are not completely out of choices. Have a look!

  • Capital One® Secured Mastercard®

If your aim is to avoid annual fee and additional charges then Capital One Secured card is your best option. You can get to utilize $200 credit line with an initial deposit of just $49. The credit limit can also be increased after using the card for 5 months whereas Merrick Bank allows an increment after 7 months of use.

  • Discover it® Secured

Discover it comes with number of benefits including cashback offers and no annual fee. Every cardholder can enjoy 2% cashback at restaurants and gas stations as well as 1% cashback on all other eligible purchases. You will also have the opportunity to upgrade to an unsecured version of the card after 8 months of being a responsible cardholder. This credit card is open for users with a poor credit history or even with no payment record.

Frequently Asked Questions About Merrick Bank DoubleYourLine

Q. How can I contact Merrick Bank for queries?

Ans. You can reach out to Merrick Bank for any queries related to DoubleYourLine credit card by dialing the number 1-800-204-5936. If you want to send out a written mail then use the address given below:

Merrick Bank Customer Service
P.O. Box 9201 Old Bethpage,
NY 11804-9001

Q. Is Merrick Bank credit card ultimately the best choice for credit rebuilding?

Ans. In case your aim was to rebuild credit there are other things you might want to consider before applying for it. For example, the Double Your Line credit card has a number of fees that might be difficult to maintain. There are options of secured cards available with an initial deposit as low as $39-$49 that can prove to be more helpful than Merrick Bank credit cards.

Q. After how long can I expect a credit limit increase using Double Your Line credit card?

Ans. The first time you apply for a credit limit increase the response will come instantly online. The next time an increase would require a wait of 4 months whereas you can get a decrease in credit limit after 6 months of gap period.

Q. Do you need to pay foreign transaction fee with Merrick Bank cards?

Ans. Merrick Bank credit cards have additional fees along with strict penalties on late payments. For example, when your application is accepted you need to make the first deposit within the first month. This would be followed by $36 annual fee and $0.2% foreign transaction charges.

The Bottom Line

Double Your Line is a perfect choice for poor scorers looking for a credit card. If you were lucky enough to be approved for it, remember to make on-time payment and preferably in full to re-establish your credit score quickly. This is because timely payment contribute a lot to overall FICO score. Moreover, the doubling of credit limit would let you manage credit utilization ratio better and hence improve the shape of your credit report.