Can you request a credit limit increase with merrick bank

Merrick Bank Credit Increase

Can you request a credit limit increase with merrick bank

When you have one of Merrick Bank's unsecured credit cards, you can raise your credit limit by using your card and making on-time payments for the first seven months. Automatically, your credit limit will be doubled. Then, Merrick Bank will evaluate your account annually to see whether an increase is warranted. By paying your payments in full by the due date consistently, you might increase your chances of being approved for a loan. Earnings and a noticable difference in credit history from when you applied for the card are also irrelevant first. As an alternative, you can boost your credit limit in case you have a secured card from Merrick Bank by contacting (800) 204-5936 and upping your security deposit.

Merrick Bank Credit Increase

Can you request a credit limit increase with merrick bank

The Merrick Bank offers are not available in Wisconsin. See offers for your state 

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Credit Card Details

  • Credit lines range from $550-$1,350 which double to $1,100-$2,700 after your account qualifies. No security deposit required.
  • Double your credit line by making at least your minimum payment on time each month for the first 7 months your account is open.
  • See if you are pre-approved within minutes, without affecting your credit score.
  • Build or rebuild your credit. AS you pay your bill every month, we report to all three major credit reporting agencies.
  • Get your FICO® Credit Score for free each month.
  • Fraud coverage if your card is lost or stolen. Access your account 24 hours a day, 7 days a week. Get help staying on track with available Auto Pay and account alerts.
  • Card issued by Merrick Bank, Member FDIC.

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  • Can you request a credit limit increase with merrick bank

    Bank: Merrick Bank

  • Card Network: Mastercard®

  • User Category: Consumer

  • Card Type: Unsecured

  • Issuing Country: United States

your benefits

Key Feature

Credit lines range from $550-$1,350 which double to $1,100-$2,700 after your account qualifies. No security deposit required.

CREDIT LINE INCREASE

Double your credit line by making at least your minimum payment on time each month for the first 7 months your account is open.

Interest Rates & Fees

Purchases

Regular APR:

22.45% to 30.70% *Variable

Balance Transfer

Balance Transfer Fee:

N/A

Cash Advance

Regular APR:

27.45% to 35.70% *Variable

Cash Advance Fee:

4%, Min: $10

Other Fees

Foreign Transaction Fee:

See Terms*

Late Payment Fee:

Up to $40

Expert's Ratings

4.0 Interest Rates
4.0 Maintenance Fees
5.0 Features & Benefits
0.0 Reward Program
5.0 Customer Service

Merrick Bank Double Your Line® Mastercard®

  • Credit lines range from $550-$1,350 which double to $1,100-$2,700 after your account qualifies. No security deposit required.
  • See if you are pre-approved within minutes, without affecting your credit score.
  • Double your credit line by making at least your minimum payment on time each month for the first 7 months your account is open.

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What is the highest credit limit for Merrick Bank?

The highest credit limit for Merrick Bank is $3,000, for the Merrick Bank Secured Card. The actual credit limit for this card is determined by the amount a cardholder puts down for the card's required security deposit, which starts at $200.

Does Merrick Bank to automatically increase credit limit?

But after you make your first seven payments on time (paying at least the minimum amount due each month), the Merrick Bank Double Your Line® Mastercard® Credit Card will automatically double your credit line with a credit limit increase, which is another way to lower your credit utilization ratio and potentially boost ...

How many credit increases does Merrick Bank give?

After you use the Merrick Bank Credit Card and pay at least the minimum amount due on time for the first seven months you have the card, you'll be eligible for the double credit line increase.

What is the highest credit limit for Merrick Bank double your line?

Merrick Bank Double Your Line® Mastercard® overview Credit lines range from $550-$1,350 which double to $1,100-$2,700 after your account qualifies. No security deposit required. Double your credit line by making at least your minimum payment on time each month for the first 7 months your account is open.