Merrick Bank Double Your Line Merrick Bank Secured
A plan byMerrick Bank Double Your Line · Visa
Merrick Bank is a genuine FDIC bank whose credit-builder product automatically doubles the credit line after seven months, with a 4.5/5 Trustpilot rating. In return, the APR is high, roughly 17.70% (secured) up to about 35% (unsecured), and there are no rewards programs.
Merrick Bank Secured
- Price
- Free
- Annual price
- €36
- Issuance fee
- Free
- FX markup
- 0%
- Cashback
- 0%
- Cashback currency
- Nessuno
- Cashback cap
- Free
- Required staking
- Nessuno
- ATM fee
- 4%
- ATM limit
- N/D
- Net annual cost
- €36
What's included
- Deposito refundable
- Flexible deposit
- Reports a 3 bureau
- Visa
Data & conditions
§ Amounts in USD/GBP are shown in the service's native currency.
| Network | Visa |
|---|---|
| Fund custody | Custodial (platform holds funds) |
| Issuance fee | Free |
| Annual fee | €36/year |
| Free ATM limit | N/D |
| ATM withdrawal | 4% |
| FX markup | 0% |
| Cashback | — |
| On-chain settlement | No |
| Contactless | Yes |
| Virtual card | Yes |
| KYC | Full |
| Privacy | 5/10 |
| Supported countries | US · 1+ countries |
| Estimated net annual cost | €36/year |
| Regulator | FDIC / Utah DFI |
| OAM Italy registration | No |
| Segment | B2C |
| MiCA / License status | Industrial bank charter FDIC (vera banca) |
Strengths
- true bank FDIC; credit line raddoppia automaticamente after 7 mesi; Trustpilot 4,5/5.
- No notable sovereignty advantage documented.
Weaknesses
- APR ~17,70–35%; no rewards.
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
- Subject to regulation (FDIC (vera banca)): reporting to authorities and freezes on order.
Verdict
Merrick Bank is a genuine FDIC bank whose credit-builder product automatically doubles the credit line after seven months, with a 4.5/5 Trustpilot rating. In return, the APR is high, roughly 17.70% (secured) up to about 35% (unsecured), and there are no rewards programs.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
Is Merrick Bank Double Your Line a safe card?
Merrick Bank Double Your Line is a custodial card on the Visa network. As a payment card, loaded funds are e-money and are not covered by a bank deposit-guarantee scheme. Fund custody is custodial.
How much does Merrick Bank Double Your Line cost?
The annual fee is not documented. Issuance is free. The FX markup is 0% (no surcharge). See the tier table for full conditions.
Does Merrick Bank Double Your Line offer cashback?
Merrick Bank Double Your Line does not offer crypto cashback.
Is Merrick Bank Double Your Line available in Italy?
No, Merrick Bank Double Your Line is not currently available in Italy.
Is Merrick Bank Double Your Line custodial or self-custody?
Merrick Bank Double Your Line uses a custodial model. Funds are held by the issuer: you do not have direct control of the private keys.
Sources
- Official service page Plans & pricing · Regulatory framework Data verified on Jun 13, 2026
- citybiz.co Corporate site · Stock ticker · Stock listing · IPO date Data verified on Jun 14, 2026
- prnewswire.com Legal name · Company type · Registered office Data verified on Jun 14, 2026
- trustpilot.com Trustpilot reviews Data verified on Jun 14, 2026
Show 2 more sources
- wallethub.com Founders · ATM fees Data verified on Jun 14, 2026
- creditcards.com Variante credit builder.apr pct min · Variante credit builder.apr pct max · Variante credit builder.collaterale crypto · Variante credit builder.credit limit eur min · +1 Data verified on Jun 13, 2026