Merrick Bank Double Your Line® Mastercard® Credit Card Review: Pre Approval, Benefits, Rewards (2024)

Merrick Bank

Merrick Bank has several card types depending on your needs.

Double Your Line® MasterCard® Credit Card Review

In this article, we’ll review the Double Your Line® MasterCard®, the credit (re)building card.

Double Your Line® MasterCard® is a credit card that will help you to build or rebuild your credit. Monthly reporting to the 3 major credit bureaus (TransUnion, Experian, Equifax) will help you to build your credit history. A free FICO score each month will help you to follow your progress with $0 spending. Despite its high interest rates, Double Your Line® can help you to increase your credit score, which, in turn, helps to apply for a credit card with much better conditions. With the addition of $0 fraud liability, doubling of the credit line in 7 months, and low credit score required to apply - Double Your Line® MasterCard® is surely an option to consider.

Double Your Line® MasterCard®: pros and cons

Who can benefit from getting the Double Your Line® Mastercard® Credit Card?

If you have a bad credit score or don’t have a credit score at all - the Double Your Line® Credit Card is definitely an option to consider. Using Double Your Line® Credit Card will help you to build your credit in a short time by making payments on time. You will be able to follow the progress (checking your FICO score) for free.

For those who had hard times before and ruined their credit score by not making payments on time - Double Your Line® is a great option to rebuild it. Developing responsible credit habits will help you to build at least a good credit score. In 7 months of straight minimum payments, the credit card will justify its name - you will Double Your (credit) Line automatically.

If your credit score is already good - there are much better choices that will also let you increase your credit score but with better benefits like lower interest rates, an extensive rewards system, an intro APR period, or a $0 annual fee, for example. We would recommend taking a closer look at Chase Freedom Flex℠ ($0 annual fee, bonus cash back categories, and a 0% intro APR period for the first 15 months). To apply, you should have at least a good credit score.

Are there any other benefits?

Even though, Double Your Line® doesn’t have any rewards system or sign-up bonuses - it still has some perks to offer such as:

• Design choices. You can choose from 5 different designs and pick the one you prefer the most.
• Customer support 24/7. Customer support of Merrick Bank which is the issuer of Double Your Line® MasterCard® is working 24/7 and ready to help you at any moment.
• Merrick Bank pre approval status. You can prequalify for the Double Your Line® Credit Card® and check your pre approval status within a few seconds without affecting your credit score.
• Low annual fee. Double Your Line® has an annual fee between $0 - $72 depending on agreement which is a satisfying rate.

Conclusion

In our opinion, Double Your Line® is a credit card that is excellent for people with bad credit who want to fix it. If you haven’t built a credit history at all, or you had difficulties with payments on time earlier - Double Your Line® MasterCard® can help you to increase your credit score in a short time. With the additional benefit of increasing your credit limit in just 7 months, and high approval odds - Double Your Line® MasterCard® may become the first step on the way to building/rebuilding your credit score. For those who have at least a fair credit score - Double Your Line® MasterCard® is not the best choice due to the lack of a rewards system and a high variable APR.

Hanna Volkava

Financial and product expert

hv@myfin.us