If you just received your Merrick Bank credit card on your mail, the first thing you’ve to do is to activate the card online.
You can activate your Merrick Bank card using the merrickbank.com/activate website, which is the official website of Merrick bank for their customers to activate their cards online.
We’ve made a step by step guide on activating your Merrick Bank credit card easily online. You can scroll down to read that. But, in case you want to directly visit www.merrickbank.com/activate website, you can do just that by clicking on the link given below.
|Bank Name||Merrick bank|
|Online Activation available?||Yes|
|Phone Activation available?||–|
|Direct Link||Click Here|
How to Activate your Merrick Bank card?
- Click on the link given above to access merrickbank.com/activate website, which is the official website from Merrick bank.
- On the next page, you will be asked to enter the card number of your new card first.
- Next would be your SSN & Date of Birth.
- Enter these and click on the “Submit” button.
- If the details are matched with the details you gave while applying for the credit card, your card will be activated without any issues.
Merrick Bank Customer Support
If you come across any issues with activating your Merrick Bank card online using merrick bank.com/activate website, you can get in touch with their customer support.
Here’s the customer support toll free number of Merrick bank:
About Merrick Bank Credit Card
The Merrick bank has a unique policy. It offers products specifically for those individuals with bad credit histories. In today’s world of plastic money, it is very easy to spend more than you earn. This leads to debts which have no means of being repaid. This spoils a person’s credit history causing him/her to be ineligible for any kind of financial assistance. The Merrick Bank has several products which aim at helping such people rebuild their credit history.
How does it work?
An individual is not entitled to a credit line if the credit history is bad. But a credit line can be extended to the individual is he/she has a regular income, has not declared bankruptcy, do not have tax obligations and can make a cash deposit to the credit line.
Extending help to people in this regard, the Merrick Bank has two kinds of credit cards with different features.
Merrick Bank Double Your Line™ Visa® Credit Card
The title says it all about the benefit of this card. If you pay your minimum payment required by the card regularly for the first seven months, then the credit limit on your card will be doubled. This will help repair your damaged credit score, increasing it over time as you make regular payments.
All your credit history is reported to the major credit bureaus by the Bank, and you get a FICO score for free, each month. But this card also has several disadvantages.
The card is available by invitation only, and this is the cards most significant disadvantage. The application of the card can just be completed when you get a certificate of acceptance number in your mail.
No online portal displays the terms and conditions of the card, and this will prove to be a disadvantage to any customer. But these are included in the offer letter you will receive with the acceptance code.
The card also charges very high fees which is detrimental to the whole concept of creating financial security.
Merrick Bank Secured Visa®
This is a credit card which offers you a credit line depending on the amount you can deposit initially. This can vary from $200 to $ 3000.
Once you have submitted your application, you have a 30 day time period to make the deposit. Once it is made, your card becomes operational. All the terms and conditions for the use of this card are available online. This card does not have any pre-approval offers.
This card can be used to improve your credit line. Once this is done, you will become eligible to other credit cards.
This card has no other offers or rewards other than a means of improving your credit line. It also attracts an annual credit card fee of $36 the first year. Though there is no annual fee after that, the card does have a $3 monthly fee. This totally makes the card a tough sell.