Mercury Credit Card: How to activate it via Mercury.com/activate and should you go for it in the first place

 In this article, we will tell you all the information that you are required pertaining to the Mercury Credit Card. We will tell you all the key aspects of the card and if you have made up your mind on its virtues and wish to take it further and wish to activate the card, we will tell you how you can do it exactly via mercury.com/activate.

The Mercury Credit Card is marketed as a way to "provide hard-working, middle market people access to a superior credit card at a fair price." It is an unsecured credit card, which means there is no need for a security deposit. The APR is higher than you might anticipate for a mid-tier credit card at 28.49%-30.49%, despite the minimal fees (variable).

We called the customer service department because the issuer's website doesn't provide many facts regarding the card, and they informed us that they offer a cashback rewards programme (although it's unclear whether this is available to all cardholders). The greatest card for developing credit, according to customer service, reports to all three main credit bureaus.

The key features of Mercury Credit Card outlined

• The Mercury Credit Card's standard APR runs from 25.65 to 28.65 per cent.

• Although there are no annual fees associated with the credit card, there are still a number of expenses that must be paid, including $38 in late fees with an APR ranging from 25.90% to 27.90% depending on the Prime Rate.

• The cash advance APR fluctuates from 27.90 to 29.90% based on the Prime Rate as well. The fee of a cash advance also varies from 5 to 10% depending on how much was borrowed, which is another factor.

• Credit reports are sent to each of the three major credit bureaus.

• One of the shortcomings of the Mercury Credit Card is the absence of fraud liability.

• A minimum credit limit of 1500 is offered by the Mercury Credit Card.

• For the numerous international transactions that would be done with the Mercury Credit Card, the fee is 3% of the overseas purchase.

• A balance transfer fee of 4% to 5% of the transferred amount is charged.

Pros of using Mercury Credit card

• The Mercury Credit Card's lack of an annual fee, which can be a significant advantage for many people, is one of the most significant qualities that set it apart from competing credit cards.

• You can learn your FICO score for free with the Mercury Credit Card, which is renowned for offering several additional perks to its cardholders. Additionally, the card offers consumers extremely commonplace fraud protection—nothing out of the ordinary. 

• Additionally, as was already noted, the card utilises a mobile application, which is again rather basic and nothing out of the usual. In essence, the card offers users a number of fundamental advantages that are typically associated with a credit card.

• Although there are no known benefits associated with the Mercury Credit Card, some users have reported receiving cash, gift cards, or other rewards. However, as Mercury doesn't mention rewards in any official sources, we can't truly verify this claim.

Cons of using Mercury Credit card

• The Mercury Credit Card's interest rate, or APR, is quite high (annual percentage rate). At least in comparison to other cards of the same nature, it has a higher interest rate.

• You always pay your bills in full and on time, so perhaps there will never be a problem. In the end, you are probably thinking about the Mercury Card because you want to build your credit, which you can achieve by paying your debts on time. In many cases, it makes sense to avoid credit card debt.

• The Mercury Credit Card allows users to make transactions abroad. But there is a charge, which ranges from 0% to 3% of the transaction value. (Your price schedule, which you get along with your Mercury card, will tell you how much the fee is in exact dollars.)

• Foreign transaction costs can range from 1 per cent to 3 per cent of the transaction value on credit cards that allow for international transactions. Some credit cards don't charge any foreign transaction fees at all. You might wish to look for a credit card that guarantees no international transaction fees if you frequently use your card abroad (like all Capital One credit cards).

What you need to know before you activate your Mercury credit card via mercury.com/activate

• You must be 18 years of age or older and a valid US resident in order to apply for a Mastercard for mercury.

• If you want to apply for a card, you must first open www.mercurycards.com/mercurycard and then click on the response to your mail offer.

• If you wish to activate your card, you must have the card number, the last four digits of your SSN, and your birthdate.

How to activate your Mercury credit card via mercury.com/activate

• Make sure you're signed in with the Mercury account connected to the card before visiting mercury.com/activate.

• Activate the Unactivated card next to your name by clicking the blue Activate button if you're currently on your dashboard. To do this, navigate to Cards in the left sidebar menu.

• Type the CVC code in.

• Create a new PIN and store it; you can change it at any time.

Note: Call customer support at (866) 686-2158 if you need assistance with your Mercury Credit Card.

Is the Mercury credit card worth activating?

Before you activate the Mercury Credit card via mercury.com/activate, you should know that some of the features provided by the Mercury Credit card are indeed lucrative. However, is not one of our top credit card recommendations for people with fair credit due to its high APR and unclear rewards scheme. We advise taking a look at the several other no-annual-fee credit cards that are offered for all credit score ranges for even better discounts.

Your selections may be more constrained if your credit score is near the bottom of the "fair" level (for example, if it is about 580). You might think about secured credit cards in this situation. Although you must pay a security deposit for them, it's less likely that you will have a hard query made on your credit report, which will lower your score, and that you will be turned down for a card.