When you receive an invitation to apply for a Merrick Bank Double Your Line credit card it maybe tempting to apply. The offer means you have high approval odds. The pre-approval doesn’t mean that the credit card is guaranteed. If your credit score changed since the offer was sent, you can get rejected.

After you are approved for the card it shouldn’t take too long to get it in mail. Read how long does it take to receive a credit card.

You can use the Double your Line MasterCard to make purchases in stores and online.

You may have heard about Merrick Bank Classic Secured Credit Card. In contrast Double your Line Visa Card from Merrick bank is an unsecured card. The purpose, however, is the same. Build credit score and establish credit history. Merrick Bank reports how you use it to all 3 major credit bureaus. These are Transunion, Experian, and Equifax. After you receive the card and pay a couple of statements, credit score should go up at least a few points. Make sure to keep your utilization low, because it has a great impact on credit score.

You can track credit score and factors that contribute to it using Capital One CreditWise. It is an accurate tool that doesn’t require you having an account with Capital One.

Credit limit of Double your line Card

Initial credit limit of Merrick Bank Double your Line Platinum can range from $500 and up to $1,300. However, after a year of payments on time bank can double your credit limit. This is why card’s name is double your line. And the absolute maximum credit limit is $3,000.

Having no need for a security deposit costs you an arm and leg. There are number of fees. Setup fee just to open the card is $75 and there can be an annual fee of up to $80. You should pay all fees upfront. So the credit card has $150 balance right at the very beginning. These fees make Merrick Bank Double your Line card a bad choice.

The APR on this card is extremely high and can go up to 30%. Another big NO is that this card has no rewards and no benefits. Other cards often have some cashback.

I think Merrick Bank Double Your Line Credit Card is not worth your time and you should avoid it. After all good credit score should to save you money, not to cost you money.