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Merrick Bank Doubled My CL

New Contributor

Merrick Bank Doubled My CL

Hi question all,

 

My CL was doubled today by Merrick bank... Does anyone know how often they review for Auto CL increases?

4 REPLIES
Regular Contributor

Re: Merrick Bank Doubled My CL

Merrick isn't too CLI-friendly, but I would assume you need to wait another 6-12 months for the next (modest) CLI. Others have reported you'll only get the next CLI if you're activly using the account.


Message 2 of 5
Frequent Contributor

Re: Merrick Bank Doubled My CL

I know that Merrick does the whole double your limit thing after 6 or 7 statements. Not sure how it works after that. I've never requested a CLI with them, just keeping them to boost my AAOA for a few years.
FICO 8:  EQ:687  TU:728  EX:735
Message 3 of 5
Community Leader
Senior Contributor

Re: Merrick Bank Doubled My CL


kaykay1 wrote:

Hi question all,

 

My CL was doubled today by Merrick bank... Does anyone know how often they review for Auto CL increases?


They review accounts annually. I'm unsure how they determine which month. Call CS and ask. Good luck!

Gardening since xx/xx/xx Gardenversary xx/xx/xx Score: 08/21/17 EQ 781 TU 784 EXP 789
Current Score: 781
Goal Score: 800
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Message 4 of 5
Established Contributor

Re: Merrick Bank Doubled My CL

That's their specialty. I get mailers all the time hawking their "Double Your Limit" thing. After 7 statements. I don't know about CLI's after that.

Message 5 of 5