ACCOUNT OPENING DISCLOSURES—MERRICK SECURED 

Interest Rates and Interest Charges 

Annual Percentage Rate (APR) for 
Purchases 

APR for Cash Advances 

Paying Interest  

Minimum Interest Charge 
For Credit Card Tips from the Consumer 
Financial Protection Bureau 

Fees 
Set-up and Maintenance Fees 

• Annual Fee 
• Account Set-up Fee 

Transaction Fees 
   • Cash Advance 
   •Foreign Transaction  
Penalty Fees 
   • Late Payment 
  •  Over Limit 
  •  Returned Payment  

18.20% Your APR will vary with the market based on the Prime Rate.* 

23.20% Your APR will vary with the market based on the Prime Rate.* 
Your Payment Due Date is at least 25 days after the close of each Billing 
Cycle. We will not charge you interest on Purchases if you pay your 
entire New Balance by the Payment Due Date each month.  We will begin 
charging interest on Cash Advances on the transaction date.  

If you are charged interest, the charge will be no less than $1.00 
To learn more about factors to consider when applying for or using a 
credit card, visit the website of the Consumer Financial Protection 
Bureau at http://www.consumerfinance.gov/learnmore. 

NOTICE:  Some of these set-up and maintenance fees will be assessed 
before you begin using your card and will reduce the amount of credit you 
initially have available. For example, if your minimum credit limit is $200, 
your initial available credit will be only about $164. 

You may still reject this plan, provided that you have not yet used the 
account or paid a fee after receiving a billing statement.  If you do reject the 
plan, you are not responsible for any fees or charges. 

$36 the first year. Billed $3 dollars per month thereafter. 
$0 

Either $10 or 4% of the amount advanced, whichever is greater.  
2% of each transaction in U.S. Dollars. 

Up to $40 
$0 
Up to $40 

How We Will Calculate Your Balance: We use a method called "average daily balances (including new purchases)."   
See your Cardholder Agreement for more details. 
Billing Rights:  Information on your rights to dispute transactions and how to exercise those rights is provided in your  
Cardholder Agreement. 
Annual Percentage Rates: Daily Periodic Rate for Purchases .04986%; Daily Periodic Rate for Cash Advances .06356%. 
Variable Rate Information:  Purchase Margin 14.20 percentage points; Cash Advance Margin 19.20 percentage points. Your APR for 
Purchases and Cash Advances may vary. The rate is determined by adding the appropriate margin shown to the Prime Rate*.  If the Prime 
Rate* increases, your APR will increase accordingly, with no cap.  An increase in your APR will result in an increase of your minimum 
payment amount.  
*"Prime Rate" means the prime rate of interest published on the last business day of each month in The Wall Street Journal  
(or a comparable rate if The Wall Street Journal ceases publication).  
Security Deposit:  The credit limit assigned to the Account will be equal to the amount of your security deposit, which can be between 
$200 and $3,000. The application submitted will not be complete until funds for the security deposit have been collected by Merrick 
Bank. Funds must be received within 30 days to complete the application process, incomplete applications will be declined. Approved 
applicants will not be allowed to make transactions using the security deposit account. The security deposit does not pay interest and will be 
available for withdrawal only after your credit card account has been closed and all amounts owing have been paid in full.  
Minimum Payment: All past-due amounts, any Annual Fee billed monthly, any Additional Card Fee billed monthly plus the greater of the 
following amounts: (i) 1% of your New Balance plus Late Fees, Cash Advance Transaction Fees, Over Limit Fees, Returned Payment Fees, 
and Interest Charges billed during the Billing Cycle for which the Minimum Payment is calculated, as shown on that periodic statement, 
rounded to the next-higher dollar; or (ii) $35. If the New Balance is less than $35, the Minimum Payment will be the total amount owed. 

Rev 6/1/2022mp35