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Friday, October 23, 2026 Independent since 2026. We are not a lender.

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Merrick Bank® Secured Credit Card: deposit, fees and APR

Fact sheet for the Merrick Bank® Secured Credit Card, issued by Merrick Bank, with a $36 annual fee. Every detail below comes from the issuer’s pricing and terms pages, checked on the date shown at the end of the page.

Issuer	Merrick Bank
Network	Mastercard
Annual fee	$36 a year
Fee waiver	$36 the first year. Billed $3 dollars per month thereafter.
Rewards	No rewards
Purchase APR	21.95% Your APR will vary with the market based on the Prime Rate.
Foreign transaction fee	None
Credit level	Excellent, Good, Limited (tiers the issuer reports to the CFPB)
Secured	Yes, a refundable deposit sets the limit

What new cardholders actually got

In the CFPB's Terms of Credit Card Plans survey for July to December 2025, new accounts on this card got a median purchase APR of 22.45%, with a range of 21.95% to 22.70%. The advertised range above is what the issuer offers today; the survey shows where approved applicants landed.

Source: Consumer Financial Protection Bureau, Terms of Credit Card Plans survey.

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Checked on October 16, 2026 on the issuer's official site. Terms change: confirm before you apply. merrickbank.com/credit-card/secured · assets.contentstack.io/v3/assets/blt6c40640a229ed552/blt…

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