Merrick Bank credit card terms
Credit-card bank · 8 products surveyed · CFPB TCCP survey, Jul-Dec 2025
Merrick Bank reported a surveyed purchase APR of 21.95% – 34.7% (median 29.49%) to the CFPB Terms of Credit Card Plans survey, across 8 products. It is one of the 25 largest U.S. card issuers. Annual fees on surveyed cards: $36 – $48. These are surveyed terms, not an offer — your APR depends on your credit.
Source: CFPB Terms of Credit Card Plans (TCCP) Survey. Data as of CFPB TCCP survey, Jul-Dec 2025.
Merrick Bank surveyed terms at a glance
| Term | Reported value |
|---|---|
| Purchase APR (surveyed range) | 21.95% – 34.7% |
| Median purchase APR | 29.49% |
| Rate type | variable |
| Intro / promo APR offered | Yes |
| Balance-transfer APR (max) | — |
| Cash-advance APR (max) | 35% |
| Annual fee | $36 – $48 |
| Late fee (median) | $29 |
| Secured card offered | Yes |
| Products surveyed | 8 |
Source: CFPB Terms of Credit Card Plans (TCCP) Survey. Data as of CFPB TCCP survey, Jul-Dec 2025.
A dash (—) means Merrick Bank did not report that field in the survey.
Merrick Bank purchase APR by credit tier
Median purchase APR Merrick Bank reported for each applicant credit tier. Cards typically quote a range and place you within it based on your credit:
| Your credit tier | Median purchase APR |
|---|---|
| Poor credit (619 or less) | 29.74% |
| Good credit (620-719) | 29.37% |
| Great credit (720+) | 24.74% |
Source: CFPB Terms of Credit Card Plans (TCCP) Survey. Data as of CFPB TCCP survey, Jul-Dec 2025.
How Merrick Bank compares
For good credit (620-719), the CFPB median purchase APR was 28.2% at large issuers and 18.15% at small banks and credit unions. Merrick Bank's median of 29.49% sits above the 21% national average APR.
Similar issuers (credit-card bank)
| Issuer | Surveyed purchase APR | Median APR | Annual fee |
|---|---|---|---|
| Merrick Bank (this issuer) | 21.95% – 34.7% | 29.49% | $36 – $48 |
| Credit One Bank | 28.74% – 30.49% | 29.99% | $39 – $95 |
| American Express National Bank | 18.24% – 29.24% | 27.12% | $95 – $5,000 |
| Webbank | 29.99% – 35.99% | 32.99% | $39 |
| Barclays Bank Delaware | 17.49% – 34.99% | 25.24% | $59 – $1,199 |
| Goldman Sachs Bank USA | 17.49% – 28.49% | 23.24% | — |
| Stride Bank | 9.24% – 35.74% | 20.49% | — |
Credit One Bank · American Express National Bank · Webbank · Barclays Bank Delaware · Goldman Sachs Bank USA · Stride Bank
Frequently asked questions
What is Merrick Bank's credit card APR?
Merrick Bank reported a purchase APR of 21.95% – 34.7% to the CFPB Terms of Credit Card Plans survey (median 29.49%), across 8 surveyed products. Rates are variable. This is a surveyed range, not an offer; your actual APR depends on your credit.
Does Merrick Bank charge an annual fee?
Merrick Bank's surveyed cards carry an annual fee of $36 – $48. Many cards from this issuer have a $0 annual fee; premium cards charge more. Verify the specific card.
Is Merrick Bank a good choice for a low APR?
Merrick Bank is one of the 25 largest issuers. The CFPB found large issuers charge roughly 8 to 10 percentage points (large vs small issuers, across credit tiers) more than small banks and credit unions. If a low APR is the priority, compare a local credit union.
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Sources & accuracy
Terms reported by Merrick Bank (Merrick Bank) to the CFPB Terms of Credit Card Plans (TCCP) Survey (U.S. public domain, CFPB TCCP survey, Jul-Dec 2025). Surveyed terms are not an offer; your actual APR, fees and approval depend on your creditworthiness. Verify current terms with the issuer. See our methodology and disclaimer.
Last updated: 2026-06-29