Reply
Senior Contributor
Posts: 3,528
Registered: ‎01-19-2009
0

Re: Merrick Bank

[ Edited ]

Automatic for me and with hight util too, the thing is I have heard people paying off there ballance and Merrick than closing the card.....not sure why, by the way this was the former hooters card for me

Frequent Contributor
Posts: 392
Registered: ‎03-29-2011
0

Re: Merrick Bank

I have had Merrick for about 2 years and have never received an cli....wth??? I guess its next up on the chopping block.

Starting Score: 530
3-2013Score: TU 680 EQ 683 EXP 679 FAKO
Current Score (lender pull): TU 693 EQ 649 EXP 699 Lender Pull
Goal Score: 700


Take the FICO Fitness Challenge
Regular Contributor
Posts: 205
Registered: ‎04-17-2008
0

Re: Merrick Bank

Merrick Bank has given me CLI's about every 6 to 9 months. I started out with the Hooters Mastercard (issued by Merrick Bank) at $600 and each year they've done an automatic CLI. I'm now at $2,100...however, there are no rewards with their Visa card and the only reason why I got the card in the first place was for the points accrued and used at Hooters' restaurants. 

Senior Contributor
Posts: 3,528
Registered: ‎01-19-2009
0

Re: Merrick Bank


shorrttyycm1 wrote:
I have had Merrick for about 2 years and have never received an cli....wth??? I guess its next up on the chopping block.

do you use the card much? I think they like high usage or a high bal to give a cli to

Valued Contributor
Posts: 1,105
Registered: ‎10-15-2011
0

Re: Merrick Bank

I think they only give auto CLIs, which are reviewed by a person.  I don't get one if I have no balance.  I didn't get one for many years, either.  I have the secured card with them and I am certainly tired of the monthly fee and the fact that don't upgrade or give rewards.  I also hate the fact that they never return the security deposit.  My love for them is waning and when I get an Amex card, they are history.  I really want the security deposit back.  I figure that after almost 6 years they should be able to trust me.  My current balance is 0.  Which means I won't get a CLI any time soon.  When I did have a balance it was never at the limit, usually anywhere from just a few hundred dollars to about 50%.  The increases were up to $400 and happened about every 3 - 4 months.  It also did not depend on whether I PIF or revolved the amount.



Rethink every purchase you make, before you make it. Use the card with the best rewards. Pay in full each month. Redeem rewards often. Use the cards online shopping for more discounts. Smile, knowing that being thrifty allows you to actually get more out of the same amount of money!
Senior Contributor
Posts: 3,279
Registered: ‎08-03-2007
0

Re: Merrick Bank

Hooray for programming humor!

 

I just opened a Merrick Secured card within the past month. Some people say they've received CLI's with it, but they're always auto. With all the fearing of new accounts and whatnot, it seems like Merrick has an internal risk model they use.

Here we go again...
Frequent Contributor
Posts: 392
Registered: ‎03-29-2011
0

Re: Merrick Bank

@John398,
No, i never carry a balance. I always pif as soon as charges hit. Maybe that's it, idk.

Starting Score: 530
3-2013Score: TU 680 EQ 683 EXP 679 FAKO
Current Score (lender pull): TU 693 EQ 649 EXP 699 Lender Pull
Goal Score: 700


Take the FICO Fitness Challenge
Frequent Contributor
Posts: 392
Registered: ‎03-29-2011
0

Re: Merrick Bank

Sorry, forgot to answer completely...no i don't use it much at all. Just wait til monthly fee hits then pif. I can't remember what was the last charge where i swiped the card :-/

Starting Score: 530
3-2013Score: TU 680 EQ 683 EXP 679 FAKO
Current Score (lender pull): TU 693 EQ 649 EXP 699 Lender Pull
Goal Score: 700


Take the FICO Fitness Challenge
Senior Contributor
Posts: 3,279
Registered: ‎08-03-2007
0

Re: Merrick Bank

I've been away for a hot minute. Has quoting changed? Does hitting the Reply button to a post no longer import that post?

Here we go again...
Senior Contributor
Posts: 3,528
Registered: ‎01-19-2009
0

Re: Merrick Bank


FretlessMayhem wrote:

I've been away for a hot minute. Has quoting changed? Does hitting the Reply button to a post no longer import that post?


it works for me but YMMV

Get a myFICO recommended credit card

Copyright ©2001-2013 Fair Isaac Corporation.
All rights reserved.

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.