Knowing Your Options — Merrick Bank & Applied Bank Secured Credit Card Reviews
For your convenience, this blog is divided into 2 sections. The first is going to explain the many features and aspects of the Merrick Bank secured Visa credit card and the second is going to throw a little bit of light on the several highlights and features of Applied Bank secured credit card.
When it comes to Merrick Bank secured visa reviews, there are several mixed reactions of users that have been observed during the past year. However, most of them have been about the several advantages of this particular financial instrument.
We all know that Merrick Bank is a specialist in credit repair products and services. If you are looking to rebuild your credit or fix it entirely, you can opt for some of their credit cards right away. Some options might come with a high fee but they will prove to be a useful instrument in fixing your overall credit score.
• Merrick bank offers easy cards and loans for low credit score
• They even have several financial education resources to educate you about your financial potential and how to fix your credit score
• They also run a goScore program
The biggest drawback that has been reported by several users is that it is an invitation-only bank. Its clientele is evidently quite limited and it is not possible for everyone to associate with this financial institution if they want to build or establish their poor credit.
Have A Look At The Several Features Of The Applied Bank Secured Credit Card Based On Popular Reviews
• These credit cards are better than prepaid options
• There is no need to have a minimum credit score and no credit check is done by the bank
• Credit reporting is done automatically to the three important national credit bureaus
• These credit cards come with a low fixed APR and this rate is not going to go up even if you are late
The card can be activated instantly with just a minimum deposit of $200. The maximum limit is $1000 and you can increase your credit limit up to $5,000 by just adding additional deposits anytime according to your convenience.
The most noteworthy drawback of this financial instrument according to several Applied Bank secured credit card reviews is that it comes with absolutely no grace period. As soon as your billing cycle closes you will be charged an interest on your account. Therefore, it is advised to always pay your credit card bills before the due date
These were some popular opinions by users of these credit builder credit cards for poor credit.
