Hello everyone im trying to help a friend to recover and rebuild hes credit
and he doesnt have a computer so he ask me as a favor to ask the best of the best here for info from merrick bank secured credit card
this is hes question
Does a Merrick Bank secured credit card report as secured? And does it graduate to unsecured later?
whatever advice would be really apreciate it guys
Thank you very much in advance
@twall06 wrote:
Mine does report as secured and no they do not graduate but y do get a monthly TU score for free if you sign up for paperless statements . Ive had mine since Nov . But I'd try cap1, bank of America and a few other places before merrick . I didn't know better when I got mine but I've had no problems with them.
@Anonymous for the info @twall06
i guess that having the TU fico score for free is worth the whole process
thank you very much
the good thing about merrick bank is that they do auto cli every 4 to 6 months if you have a non secured card with them
Starting Score: 601 July 2013
@Creditsekker wrote:Hello everyone im trying to help a friend to recover and rebuild hes credit
and he doesnt have a computer so he ask me as a favor to ask the best of the best here for info from merrick bank secured credit card
this is hes question
Does a Merrick Bank secured credit card report as secured? And does it graduate to unsecured later?
whatever advice would be really apreciate it guys
Thank you very much in advance
any reason why he wants a merrick secured card compared to other banks? there are better ones out there that will graduate (ie., bofa, wells, us bank), and CUs such as SDFCU...also if you're friend can't qualify for secured cards from those institutions mentioned (they still do check your score even though it's secured), then go with cap one 
capone does partial or full security deposit based on your score...ie, deposit 49 for 200 CL or depo 200 for 200 CL...but capone doesn't graduate...you're have to close the account to get your deposit back...lastly, most--if not all--will charge AF
