A poor credit score and the inability to manage a security fund for a secured card. That’s bad because it means you should forget about getting a credit card altogether.
Why Should You Choose DoubleYourLine Merrick Bank?
With so many credit card lying around, is it necessary to choose Doubleyourline visa card over others?
Double Your Line:
- After you have opened your account, stick to making timely payments for at least 7 months. The bank would then automatically increase your credit line without any hassle! .
- The mobile app they offer contains all the features that the users want on tip of their fingers
- You will also get a free update on your FICO scores each month as provided by the credit bureau.
- The bank promises $0 fraud liability protection
- The Visa card comes with no hidden fees. You can forget about additional card charges, minimum interest charges, returned payment, card replacement fee, foreign transaction fee, etc.
- Treat for poor credit score
- Increases credit line automatically
- Free monthly credit score check
The Good Side
Double Your Line Visa credit card is definitely a treat for those facing a poor credit score.
It is no different from other visa cards as it charges up to $72 annual fee. You have to pay a one-time fee of $75 when getting the card.
The APR is also set at 27.7%.
What’s the catch then? The best part about getting this card is the credit limit and the associate increase.
You might be offered an initial limit of $550. This will automatically double after you continue to make timely payments for 7 months.
This is a huge advantage as many other competitive cards have a hassle-filled credit increase process.
They also required you to wait for at least a year before they will consider increasing your credit line.
The worst is that some banks charge a 25% fee for increasing the credit limit.
The Bad Side
The high annual fee has been a downside for many users. It charges $72 which is a high-end fee when it comes to unsecured charges.
Furthermore, some customers will have to pay an account set-up fee.
This is a $75 charge for a Double Your Line visa card.
Setup charges reduce the initial credit limit available to you and therefore it might make your first month with the card pretty disappointing.
Lastly, the card also has a steep APR. If you carry a balance or forget to make timely payments, that would mean you would end up paying a lot as interest charges.
The high APR makes it difficult to afford this card in the long run.
What You Can Do To Have The Best Experience With This Card!
Let me guess!
You have a poor credit score and that is the reason why you want to be approved for this card.
If I am correct, then there is a lot you can do to ensure that the card helps you in the best way possible for fixing your credit score.
Your first job would be to pay all the bills on time. Payment behavior has a huge impact on the overall FICO score.
Late payments and debts can pull down your score rapidly. On the other hand, sticking to punctual bill payments might be the quickest way to qualify for a credit line increase.
The other goal should be to maintain a good credit utilization ratio. Financial analysts suggest that this ratio must be kept under 30% for the best results.
If you don’t want to deal with interest charges every now and then, a good approach is to make full payments. For cards that carry a high APR, this becomes all the more relevant since you would want to avoid the considerable interest amount, the bank would charge on late or incomplete payment.
How To Accept The Online Offer – Doubleyourline.com
If you were lucky enough to receive a mail offer from the Merrick Bank, make sure you respond to it as quickly as possible. The process takes just a minute and in the end, you might become a card-holder in the easiest way possible.
Open your web browser and access doubleyourline, mailoffer.merrickbank.com. Here you would only need to enter 3 pieces of information:
- Acceptance certificate number
- Last name
- Email ID
After you have entered these numbers, click on “Apply Now”. The process will become instantly and you will hear from the bank within a week about the acceptance or rejection of your request.
No Mail Offer? No Problem!
You can be an eligible customer and still receive no credit card offer in the mail. That is okay! It just means that you can reach out to the bank yourself and see if you can qualify for a pre-approved mail.
For this purpose, you need to open the official page for the Merrick Bank and click on “See if you match a pre-qualified offer from Merrick Bank”.
This would take you to a digital form that you need to complete in order to check. Remember that, this is not a soft inquiry and it would not affect your credit score in any way.
The form will ask you to provide:
- First Name
- Middle Name
- Last Name
- Address Type
- Date of Birth
- Social Security Number
- Your travel history
- Email ID
After you have typed in all the required information, click on “See If I Match”. You would get a response from the bank within seconds.
Here’s What Customers Are Saying..
Many readers here would still be confused about whether they should go for this mail offer or not.
To help you make a better choice, I decided to include this section where you can read what other customers have to say about Doubleyourline Merrick Bank Visa Card.
Doubles your credit line after first 2 on-time payments. That’s a lot faster than most cards. My initial credit line was $750 at 24% APR and $0 annual fee. Got instant approval with 640 vantage points. Card arrived 6 days after the approval. My wife and I both got approved on the same day!
This is definitely a card you get when you need to rebuild your credit. The high APR and annual fees are definitely a con. The system makes it simple to make payments. This is a credit card that helps rebuild your credit score.
I love this card! It doubles when it said and as matter of fact it doubles a day before. Now if you know most credit cards they do not double your card limit. Most barely give increases. This card did for me and I picked the best out of all of them at that time. I can just say that you can not go wrong with this card!
Lastly, you will get to read, “In my opinion
You can see that Doubleyourline card offers a number of perks but it comes with a few charges as well. Since the terms and conditions on the card are great for anyone who wishes to fix credit scores, I would suggest you immediately respond to the mail offer and see how it goes.
The trick to improving credit history is to be consistent with good habits. All your punctual payments, full payments, and a good credit utilization ratio would show up on the report with time and help boost the credit score.
However, if you are looking for a fix overnight, that might not be possible! Make good use of credit card a habit and you will see the results soon.