Hello.
I was granted a Merrick card with the published "7 months of on time payments automatically earns a double CLI" offer.
Since I immediately paid the AF, my balance is 0 before the first statement has even cut. I expect that I actually will not use this card, but was currious if the auto CLI will be in jeopardy if there is no use.
Obviously, If I need to run some token transactions I will, but would prefer not to for various reasons.
@DaveInAZ wrote:
@BallBounces wrote:Hello.
I was granted a Merrick card with the published "7 months of on time payments automatically earns a double CLI" offer.
Since I immediately paid the AF, my balance is 0 before the first statement has even cut. I expect that I actually will not use this card, but was currious if the auto CLI will be in jeopardy if there is no use.
Obviously, If I need to run some token transactions I will, but would prefer not to for various reasons.
Well, "7 months of on time payments" kinda implies you actually need to charge something to the account to be able to make the on time payments. Just charge a couple small monthly bills on it, like Netflix, Hulu, etc. I've had the card for almost 4 years and have outgrown it, but I charge Netflix and a few small bills, total around $50 & PIF before statement for a $0 balance statement, to keep it active & keep them happy, the $3100 CL helps keep my overall utilization low.
I don't think it implies it. I think it unclearly states it.
For example, If a balance reported only every other month, and you PIF those months, I doubt you'd have to wait 14 months (and 7 "payments") for them to honor the terms of the agreeement. I am reasonably certain of that. But taken to my extreme of 0 balances in 7 months, I am not so sure, and was looking for feedback from those that tried it.
Thanks, CAP.