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Merrick bank credit card costs. Opening a platinum visa credit card with merrick requires a $72 minimum deposit and $72 annual fee (charged at $6 monthly after the first year). The requirement for approval is pretty low for the secured card. M1 finance finally reveals details on their newest credit card which provides users with a whopping 10% cashback on the companies they invest in. The bank issues secured visa cards and unsecured credit cards.