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41

Secured Card

Merrick Bank

Secured cardTop-25 issuerNationalVariable · PrimeNo credit scoreCredit score 620–719Credit score 720+
Issuer site ↗
Purchase APR
21.95–22.70%
Annual fee
$36
0% intro
None
0% transfer
None
Foreign fee
2%
Grace period
25 days

Purchase APR by credit tier

Median rate the issuer reported for each tier

The purchase rate was not broken out by credit tier — the issuer reported a single range.

Lowest offered21.95%
Median22.45%
Highest offered22.70%

Cash advance APR

The cash advance rate was not broken out by credit tier — the issuer reported a single range.

Lowest offered26.95%
Median27.45%
Highest offered27.70%

Every fee on this card

Annual fee$36
Balance transfer feeNone
Cash advance fee4% (min $10)
Foreign transaction fee2%
Purchase transaction feeNone
Late fee$29
Repeat late fee (6 mo)$40
Over-limit feeNone
Minimum finance charge$1
Balance computationAverage daily balance including new purchases
Additional fees
Return Payment Fee$29
Rush Card Fee$29

Rewards, benefits and features

Rewards

None reported

Services
  • Access to Free Credit Scores
  • Other
Features
  • Contactless Payments
  • Chip card
  • Mobile wallet provisioning (for example, Apple Pay)

Who can get this card

AvailabilityNational
Membership requirementsOpen to the public
Phone800-253-2322
Balance transfer

This card does not offer a balance transfer rate.

Cost to carry a balance
Interest for a year at 22.45%$673.50
Annual / periodic fees$36
Total yearly cost$709.50

Simple interest on a constant balance — a plain-language upper bound rather than an amortisation schedule. Paying in full each month within the 25-day grace period avoids the interest entirely.

Cardholder agreements

3 documents filed by Merrick Bank in the 2026 Q1 archive.

More from this issuer