If I open a card with $1,000, does the double my line still apply?
Updated on May 16, 2023
If you applied for the Merrick Bank Double Your Line® Secured Credit Card, your $200 credit line will automatically double to $400 if you make at least your minimum payment on time each month for the first 7 months your account is open. You won't need to deposit any more money to receive the doubled line.
For the Merrick Bank Secured Credit Card, your credit line won't double. Instead, you can start with a credit line of $200-$3,000, depending on your deposit. Your account will then be reviewed periodically after the first year to see if you're eligible for a credit line increase. If you qualify, your credit line will be increased without the need for an additional deposit.
The Surge® Platinum Mastercard® is another option that offers double your line feature. Once you get approved for the card, you'll gain access to an initial credit limit ranging from $300 to $1,000. Over time, you can double your credit limit if you show good payment habits that improve your credit score and lower your credit utilization ratio.
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