Brammy wrote:They seem to like you.. .call to ask to have it lowered, if not continue using and PIFing until they change their miinds.
was wondering how often marrick bank does increase's,,when i got the card,,i got 500.00, and 6 months later got my 1st increase,, an yes i feel in interest rate is high,but i will deal,,,i would like to get another increase, but i dont dont how long i have to wait,, and i pay duble my payment all the time!!!
DW and I both have Merrick Bank cards....if you keep it close to maxed out, they'll give you a CLI every four months like clock work.
Pay it off, or even down to half, and you get now more CLI's....
Pick your poison....lol!
Somehow, my interest rate is 19% with no annual fee, hers is 24% with a $3 monthly fee...go figure...
I used to get CLI's as long as I had a balance, no matter what it was or if I PIF. My interest was 17.24% on my secured card.
I really liked them and never really had any issues with them. They are however stubborn about AFs, interest rates, and other card terms. In the end I did have to simply close the account. After 5 years of the account it was still secured and I was getting cards like Discover and Chase, so it simply had to go. I tried writing to the credit dept. and even an executive at the bank. It really was an executive, as I had spoken to her personally by randomly dialing their extension selection number when I had an issue with them closing my account. At one point when I started opening cards to rebuild they got nervous and the CSRs were not too concerned about it and trying to help me get the account reopened. So I simply called their HDQ and the operator kept transferring me back to the CSR dept., so I dialed random numbers and ended up with a VP. She was able to get it reopened, which amazed every CSR I ever spoke with after that. I was glad at that point that I did as having it age helped me later. I just wish they were more friendly about changing terms, PC'ing, etc., but they served their purpose and now it is their loss I am not a customer, not mine!
Freedombound wrote:My limit was $950 and I got my statement today and they had increased it to $1150, because of my good payment history. They increased it about 3 months ago also.Does anyone have any experience with Merrick Bank? I would like to keep their card, but the interest rate is 27% and I think that is way too high.
My Merrick is currently in the SD. I don't have an AF, but the APR is my highest. Since I know have rewards cards, I really don't have a use for this CC anymore. They'll hit the year mark next month for me. I may close it after the year two mark, but I might just close it if/when my Wally upgrades.
2008 OLD THREAD
2008 OLD THREAD
So we should invite Cold?