Based on 10 reviews
I would not recommend this bank for a credit card. The apr is higher than most competitors, card gets locked by fraud department for no reason. Then when you call, plan to be put on hold for over 15 minutes than put back on hold for another 15 minutes only to be disconnected.
They canceled card because I haven't used for awhile. It dropped my credit score. Always paid on time. Don't bother with Merrick. Go with a company that appreciates long term relationships and good customers.
I have never had an issue with the bank, their policies or their staff. The experience has always professional.
Interest rate is a bit high, but it is expected.
Have their credit card late on payment and set up auto pay even though pandemic and still wont work with me, asked to pay off all at once and would only knock $50 off the total
I would give u a 5 star. But after what happen and why MERRICK bank closed my account cause of payment issues and kept my security deposit I don t recommend anyone getting this card They never told me nor got any thing or reason why they closed it. I didn t even have the card 3 months if your looking for a secured card go thru capital one or open sky. Better service and better understanding. I used my checking account to pay my payments when I got paid and they got returned there for they closed it after I paid over the phone and they still closed it and kept my security deposit After I told them what happen they didn t want to fix it nor help me I thought they were a good company and now they closed it for no reason but their own don t use this company
So I'm reading all of these dreadful reviews and after 3 times dealing with them they gave me nothing but respect and I was able to get though in under a minute all 3 times. I needed to move my date to accommodate my pay date...done. I asked for a credit limit raise and that was done. I pay my bills every month and have never had 1 issue with this card. Someone mentioned the rate being high? You wouldn't have this card if you didn't have a credit situation and you should be glad they are helping you rebuild yours. So, I would TOTALLY recommend them if your trying to get your credit going, I pay mine off every month so I don't care if they have a high rate because I never let it have a balance on the billing cycle.
This bank solicits you for loans with very high interest rates. I would avoid them at all costs. Not to mention their extremely high fees. Not worth it.
My experience with Merrick Bank in Utah. I purchased a recreational loan for a camper thru them in 2017. I decided to pay off the remaining balance of $4,000.00 on September 8, 2020. I was told it takes 3 weeks for the title. It is now October 20, 2020. I have a buyer for the camper and no title. I called multiple times. The have not called me back. I been hung up on. Marla is the supervisor at Merrick Bank s title department. I left a message on Marla s phone. NO RESPONSE!!!! I have a buyer for the camper and I can t sell with out a TITLE. This establish should not be in business for the way they treat people. The banking reps are rude and disrespectful to the customer. All I want is the TITLE! If they took my $4,000.00 And I waited more than 3 weeks from 09/08/20 to 10/20/20, that to me is POOR SERVICE!!!!!
Do NOT USE THIS BANK. DO NOT GIVE THEM YOUR SOCIAL SECURITY CARD. THEY ARE A SCAM. BEWARE
Closed account due to inactivity. I had 6 years with this account and it was my longest standing open account on my credit report.
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Merrick Bank is FDIC insured and recognized as a top credit card issuer in the U.S. In total, we proudly serve nearly 3 million cardholders and have extended over $5.3 billion in credit.
Merrick Bank: A Top Credit Card Issuer in the U.S.
Merrick Bank is a leading financial institution that offers credit cards to customers across the United States. The bank is FDIC insured, which means that all deposits are protected up to $250,000 per depositor. With nearly 3 million cardholders and over $5.3 billion in credit extended, Merrick Bank has established itself as a trusted provider of credit services.
Founded in 1997, Merrick Bank has grown steadily over the years by providing innovative financial solutions to its customers. The bank's mission is to help people build and rebuild their credit by offering affordable and accessible credit products. Whether you're looking for a secured or unsecured credit card, Merrick Bank has options that can meet your needs.
One of the things that sets Merrick Bank apart from other banks is its commitment to customer service. The bank's customer service team is available 24/7 to answer any questions or concerns you may have about your account. Additionally, the bank provides online tools and resources that can help you manage your account more effectively.
If you're looking for a reliable and trustworthy provider of credit services, then look no further than Merrick Bank. With its strong reputation for quality products and exceptional customer service, this bank has become one of the top issuers of credit cards in the U.S.
Credit Cards Offered by Merrick Bank
Merrick Bank offers several different types of credit cards designed to meet different needs:
1) Secured Credit Cards: These are ideal for people who are trying to build or rebuild their credit history but may not qualify for an unsecured card due to past financial difficulties or lack of sufficient income or assets.
2) Unsecured Credit Cards: These are traditional cards with no collateral required.
3) RV & Boat Loans: If you're looking for financing options on recreational vehicles like boats or RVs then this option might be perfect for you.
4) Personal Loans: This type of loan can be used for anything from debt consolidation to home improvements.
5) Merchant Services: If you own a business then merchant services offered by Merrick Banks could be helpful as it allows businesses accept payments through various channels including mobile devices.
Secured Credit Cards
Secured cards require collateral such as cash deposit which acts as security against defaulting on payments made using these cards; hence they’re easier approved compared with unsecured ones since there’s less risk involved on behalf both parties involved (the lender & borrower).
The secured card offered by Merrick Banks comes with low annual fees ranging between $36-$75 depending on how much deposit was made during application process; also APR rates vary between 17-23% depending upon applicant’s FICO score at time when applying (higher scores get lower rates).
Unsecured Credit Cards
Unsecured cards don’t require any collateral but they do come with higher interest rates compared with secured ones since there’s more risk involved if borrower defaults on payments made using these types of accounts; however some benefits include rewards programs like cash back bonuses which can add up quickly if used wisely!
The unsecured card offered by Merrik Banks comes with annual fees ranging between $0-$72 depending upon applicant’s FICO score at time when applying (higher scores get lower fees); also APR rates vary between 17-25% depending upon applicant’s FICO score at time when applying (higher scores get lower rates).
RV & Boat Loans
Recreational vehicle loans allow borrowers finance purchases such as boats & RVs without having put down large sums upfront; instead monthly installments paid over period agreed upon during application process until balance paid off completely!
Personal Loans
Personal loans offer flexibility allowing borrowers use funds borrowed towards whatever purpose they desire whether it be consolidating debts into one manageable payment plan OR making home improvements OR even taking dream vacation!
Merchant Services
Merchant services allow businesses accept payments through various channels including mobile devices making transactions faster easier than ever before!
Conclusion:
In conclusion, if you’re looking reliable trustworthy provider financial solutions then look no further than Merrik Banks! With strong reputation quality products exceptional customer service this institution become top issuer credits US today!