home > geico credit card

Geico Credit Card

Geico Credit Card is a credit card product by the Merrick Bank and the primary requirement to apply and get approved in this kind of credit card is a United States citizenship. Likewise, the US citizen applicant must open and maintain a bank account in Merrick Bank to be able to get a Geico card.
Geico Credit Card is considered as a personal credit card because the issuer does not issue this credit card to any enterprise or corporation. So, is there any benefit of having a Geico card? Well, the first benefit of owning this credit card is the automatic eligibility of the cardholder to become a member of the Geico Dollars program.
The more you use your G. credit card, the more Geico dollars you will earn. These Geico dollars will be credited to your monthly statement and can be used as statement credits. The Geico cardholders likewise enjoy the privilege of getting a cash back of around 5% of the total purchases they accumulated for the first three months of using their Geico cards. After the initial three months, the cash back will then be fixed at 3% which is still good as it is like having a 3% discount to all of your purchases when you use your Geico card.
The Geico credit card is also known for its variable APRs or annual percentage rates and depending on Merrick's evaluation on your credit history, your annual percentage rate may become as low as 14.99% or as high as 20.99%. However, Geico card has a promotional 0% APR for all new purchases during the first three months that the credit card has been approved.
Another good feature of Geico is that it does not impose an annual membership to all its cardholders aside from the standard repayment date of 25 days grace period from the actual statement date. In short, a Geico card is a good credit card for individuals who are looking for more value on every dollar they spent.
All in all, the policy as well as annual percentage rates that are imposed by Geico card is reasonable. So if you are looking for a credit card that has some sort of exclusivity to American citizens and Merrick account holders, you can consider a Geico credit card.