Reply
New Visitor
baybeeh0ney
Posts: 1
Registered: ‎10-24-2011
0

Merrick Bank

I recently received an mail offer from Merrick bank stating that I've been pre-approved for an offer of a credit limit 1500 with no annual fee. I went online and accepted the offer and got approved. But after googling :"Merrick Bank" seeing they have poor reviews about their surprised annual fees, bad customer service, and etc. Now I'm skeptical if I receive the card should I just cancel right away before deepening myself into this credit card. Any suggestions?

Valued Contributor
tcbofade
Posts: 2,451
Registered: ‎09-26-2011
0

Re: Merrick Bank

Hmm.  I have a Merrick Bank CC, and my wife has one as well.

 

Not the best card, not the worst.  We've never had any difficulty with them, but we've never had to contact Customer Service either.


Current Scores: EX 694 (FCR) TU08: 641 Wally.11/27/14
Last app 05/29/2014.
Being held hostage in the garden until further notice...
Zero percent financing is where the devil lives...
Senior Contributor
john398
Posts: 3,522
Registered: ‎01-19-2009
0

Re: Merrick Bank

I have a hooters card by Merrick and I have no complaints

Moderator Emeritus
llecs
Posts: 32,869
Registered: ‎08-04-2007
0

Re: Merrick Bank


baybeeh0ney wrote:

I recently received an mail offer from Merrick bank stating that I've been pre-approved for an offer of a credit limit 1500 with no annual fee. I went online and accepted the offer and got approved. But after googling :"Merrick Bank" seeing they have poor reviews about their surprised annual fees, bad customer service, and etc. Now I'm skeptical if I receive the card should I just cancel right away before deepening myself into this credit card. Any suggestions?



The fees are only a surprise if the disclosure isn't read before applying. DW has their card. Yes, the fees are bad, but it's a good rebuilder card and they are generous with CLIs, or in DW's case anyway. We only called a CSR once but that was because they suspected fraud after an odd spending pattern.

Established Contributor
ChesterPDexter
Posts: 618
Registered: ‎06-18-2007
0

Re: Merrick Bank

I've found them to be very straightforward and easy to deal with.  I've had one of their cards since 2003 (the regular Merrick) and the Merrick Hooters card since 2007, and no problems with either.  Both started at about $800 or $1,000 and they are now at $3,300 and $3,200.  I recommend them as a rebuilder!

_________________________________________________________
Too many accounts; too many debts; lots of open credit, and lots of utilized credit. Scores somewhere in the 600s - I have no earthly idea exactly what number, but not 700 like it was, briefly.
Frequent Contributor
Ortz33__
Posts: 290
Registered: ‎11-10-2010
0

Re: Merrick Bank

i also have a hooters card and have no complaints.  started with 1500 and still there but it's only been 6 months. no annual fee. low apr at 16% plus rewards

Valued Contributor
scottwagnon
Posts: 1,350
Registered: ‎02-07-2010
0

Re: Merrick Bank

I agree with Chester. It's a great card to have. No complaints, except that you have to call in to get a replacement card; some will cross examine why you want to replace your card. My hooters card has a 3200 usd credit limit; that and no annual fee.
EX BankCard 8 FICO 820 (250-900) 04/08/14
TU FICO 806 (350-850) 04/10/14
EX VT 3.0 805 (300-850) TU VT 2.0 891 (501-990)
Credit.com score 798 (300 - 850) TU transrisk 772
card line up here: http://ficoforums.myfico.com/t5/Credit-Cards/How-Many-Credit-Cards-Do-YOU-have/m-p/1034512#M290859
Established Contributor
CreditCrusader
Posts: 799
Registered: ‎09-27-2011
0

Re: Merrick Bank


scottwagnon wrote:
I agree with Chester. It's a great card to have. No complaints, except that you have to call in to get a replacement card; some will cross examine why you want to replace your card. My hooters card has a 3200 usd credit limit; that and no annual fee.

It's too bad you can only get a preapproval by invitation only. Does Merrick have a preapproval site I don't know about?

I'm Spartacus!

hr>Starting Score: EQ 546, EX 547, TU 580
Current Scores (lender): EQ 725 , EX FICO 720, TU 737 FICO scores>
Goal Score: 750
Take the FICO Fitness Challenge
Valued Contributor
scottwagnon
Posts: 1,350
Registered: ‎02-07-2010
0

Re: Merrick Bank

[ Edited ]

hooters mastercard was previously accepting applicants, but not anymore. i have heard they have done this in the past, but have a feeling this pause is for much longer. merrick bank is currently under scrutiny, for illegal practices. this is not a good bank to deal with actually. but for some reason, they do put their best foot forward through their hooters program primarily for prime applicants. while they are mainly predatory, they choose to be sound to prime hooterscard customers such as myself. the interest rate is half-way decent, and the rewards program is pretty good too. i've heard alot of good responses with this card program; that they tend to CLI those that are current and use the card frequently. they also are known to reduce the apr for some hooterscard customers that have been with them for awhile.

 

i will confirm with creditcrusader that merrick is currently not accepting any new applicants for any unsecured products, unless it is by invitation only.

EX BankCard 8 FICO 820 (250-900) 04/08/14
TU FICO 806 (350-850) 04/10/14
EX VT 3.0 805 (300-850) TU VT 2.0 891 (501-990)
Credit.com score 798 (300 - 850) TU transrisk 772
card line up here: http://ficoforums.myfico.com/t5/Credit-Cards/How-Many-Credit-Cards-Do-YOU-have/m-p/1034512#M290859
Senior Contributor
john398
Posts: 3,522
Registered: ‎01-19-2009
0

Re: Merrick Bank

[ Edited ]

scottwagnon wrote:

hooters mastercard was previously accepting applicants, but not anymore. i have heard they have done this in the past, but have a feeling this pause is for much longer. merrick bank is currently under scrutiny, for illegal practices. this is not a good bank to deal with actually. but for some reason, they do put their best foot forward through their hooters program primarily for prime applicants. while they are mainly predatory, they choose to be sound to prime hooterscard customers such as myself. the interest rate is half-way decent, and the rewards program is pretty good too. i've heard alot of good responses with this card program; that they tend to CLI those that are current and use the card frequently. they also are known to reduce the apr for some hooterscard customers that have been with them for awhile.

 

i will confirm with creditcrusader that merrick is currently not accepting any new applicants for any unsecured products, unless it is by invitation only.


the only information I could find on this was under consumer boards, is there something from the government where you found this?


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}