Will the Merrick Bank secured card help me build credit?

Merrick Bank offers two secured credit card options – the Merrick Bank Secured Credit Card and the .

Both credit cards may help you build your credit because they report to all three major credit bureaus. Secured credit cards, like the Double Your Line® Secured Credit Card, are one of the best ways to quickly establish or rebuild credit. When using a secured card for purchases and then paying the full balance each month, your FICO Score can increase over time. Moreover, you will be able to get your updated FICO® Score each month for free to track your score changes.

The highest credit limit for Merrick Bank secured offers is $3,000. For the Classic secured credit card, the actual credit limit is determined by the amount a cardholder puts down for the card's required security deposit, which starts at $200.

But the Merrick Bank Double Your Line® Credit Card may automatically double your credit line with a credit limit increase after you make your first seven payments on time (paying at least the minimum amount due each month), which is another way to lower your credit utilization ratio and potentially boost your scores.

The best way to achieve and keep an excellent score is to develop good long-term credit habits. Pay your balances on time, keep a low utilization rate, and apply for credit only when you need it. If you follow these rules, your score should improve over time.