Merrick Bank Double Your Line® Mastercard®

Unsecured credit card to establish credit fast. Free FICO score bonus.

Updated: Jan 1, 2024

Advertiser Disclosure

The goal of Merrick Bank Double Your Line Platinum Mastercard is to help selected members of the bank to repair their bad credit scores quickly and effectively. Since it's a Mastercard, the card can be used at any ATM or store that supports this payment option. This is not a card for people who have a terrible score but for those who have already improved it some. The monthly activity on the account is reported to the three most important credit bureaus, including TransUnion, Experian, and Equifax. Additionally, this unsecured credit card has one of the craziest credit limits meaning that users can have a lot of activity while keeping their balance low. The card has a fixed annual price, a fee for opening an account, and a high APR, which you need to pay attention to.

ANNUAL FEE

See Terms

ONGOING APR

23.70% to 29.95% Variable

INTRO APR

N/A

89 User Ratings

Merrick Bank Double Your Line® Mastercard®

This card is not available right now.

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Introductory APR

N/A

Intro APR Period

N/A

Recommended Credit Score

Fair

Key Features

  • 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.

Our Take

A low credit score can present many issues, and there aren’t many options for improving it. This is why there are new issuers that offer credit repair cards like Merrick Bank Double Your Line Mastercard. The Merrick Bank has divided its cards into 2 categories, the Merrick Bank Secured Mastercard meant for people with very bad credit scores (down to 300 and less), and the Double Your Line Secured Credit Card for bad to Fair Credit (from 400 up to 700). This Mastercard isn’t designed for people with a very bad score but for those who have a low score but would like to get it back on track really fast. Only a select group of people can get the card, as it is the Cadillac of credit repair cards. There are no credit checks during the application, but you need to receive an invite from the bank itself to get the card. If the bank decides that you are credibly eligible to get one, the person can apply for it.

Who Is This Card For?

As we said earlier, it’s meant for people who have a credit score ranging from 400 to 700. At the same time, people who have no credit activity whatsoever can also get these cards. The important thing is that you are either a member of the bank or you’ve used some of their services. The bank basically chooses potential members that can use their exclusive card and build their credit score. There isn’t a stain on your credit activity as the bank does no credit checks when deciding who is eligible to get their card. If you have a really poor credit score, you can get their other Secured Mastercard card, and once you’ve made progress, the bank will offer you the Platinum option.

Related: Secured Credit Cards

What Are Double Your Line Mastercard Benefits?

This is an unsecured credit card that comes with a high starting maximum credit limit, which not many cards of this type provide. Users can basically choose their own credit limit at the beginning. Every 7 months, the credit limit is doubled automatically if you’ve made all of the minimum payments on time. It also comes with several other benefits:

  • Free monthly FICO score checks: Every cardholder has a free FICO score check each month. They can do the check through their accounts.
  • Online account: The online account gives valuable information and insights into your balance, and spending, and allows you to perform all important actions.
  • Different payment options: You can make payments through the online account, via a phone call, or via check.
  • No payment fees: The card has no payment fees.
  • Monthly reports to credit bureaus: All of your monthly activity will be reported to the three major credit bureaus.
  • Fraud liability protection: You aren’t accountable in case your card gets stolen or is abused by someone.

Are There Any Disadvantages?

It’s tough to get a credit rebuilding card without any downsides. Any card issuer that claims their card doesn’t have a catch is simply lying to you.

  • High fees. The card comes with an annual fee that’s not high considering all the other perks of this card. At the same time, it has an account activation fee.
  • High interest. Card’s APR can go up relatively high. However, the issuer has added this high APR rate only as a safety measure. Unless you break the payment deadline and you owe more than you’re allowed, you won’t be charged with interest.
  • No rewards. The card is solely targeted to build credit and gives no bonuses or rewards for cardholders.

Should You Use this Card?

In case you are already a member of the bank, and you would like to repair your credit score then you might want to get this card. This Double Your LIne Mastercard comes with reasonable fees that you need to pay instantly but then don’t have to worry about them for a year. If you want to fix your score very quickly and bring it up to a healthy level with ease, this is the right card for you. It doesn’t add a lot of expenses while allowing you to get a credit line up to $2,500. This makes this card really effective for keeping credit utilization really low. Furthermore, if you are a Mastercard user, you will love the Merrick Bank Platinum, as it has all the capabilities of a Mastercard with some added perks.

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Basic Information
Issuer: Merrick Bank
Network: Mastercard®
Category: Consumer (Regular)
Review: Full Card Review
Best Used For:
  • Cards for Bad Credit
  • Instant Decision
  • Starter
  • Unsecured
  • Building Credit
Rewards: No
Rates & Fees
Regular APR: 23.70% to 29.95%
Regular APR Type: Variable
Annual Fee: See Terms
Balance Transfer: No
APR on Cash Advances: See Terms
Grace Period: 25 days
Late Payment Fee: Up to $40
Other Fees:
  • Annual Fee: $0-$72
  • Cash Advance APR: 28.70% to 34.95% *Variable
  • Foreign Trans Fee: See Terms*
  • Return Check Fee: Up to $40

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Non-Affiliate Offer Disclosure
*The information provided for Merrick Bank Double Your Line® Mastercard® is believed to be accurate at the time of evaluation and has been collected independently by MarketProSecure®. The card issuer did not provide the details, nor it is responsible for their accuracy.

Merrick Bank Double Your Line® Mastercard®

Reviews - (10 User Reviews)
Share your experience and rate the Merrick Bank Double Your Line® Mastercard®
(Good)
December 11, 2020
M.F. (36-45) - Wants to have it
Income on Application
$33000
Credit Score
Don't know
Credit Limit
$500
Filed for Bankruptcy
No

Second chance

That it gives people like myself a second chance for credit.
Fees & Charges:
4/5
Features & Benefits:
5/5
Customer Support:
3/5
Application Process:
4/5
Comment (0)

(Good)
November 12, 2020
Todd (46-55) - Cardholder
Income on Application
$55000
Credit Score
Fair (580-669)
Credit Limit
$1500
Filed for Bankruptcy
No

I like it

Helps your credit and the double your line is nice too
Fees & Charges:
4/5
Features & Benefits:
5/5
Customer Support:
3/5
Application Process:
4/5
Comment (0)

(Average)
October 30, 2020
West T (46-55) - Wants to have it
Income on Application
$55000
Credit Score
Fair (580-669)
Credit Limit
$1000
Filed for Bankruptcy
No

Want to get

dont have this card yet want to apply
Fees & Charges:
2/5
Features & Benefits:
4/5
Customer Support:
2/5
Application Process:
4/5
Comment (0)

Merrick Bank Double Your Line® Mastercard®

Merrick Bank Double Your Line® Mastercard®

Rec. Credit Score: Fair

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