Reply
Established Contributor
Chopbrocoli
Posts: 805
Registered: ‎05-11-2007
0

Merrill + CC Changes?

Hi there,

 

I'm thinking about getting the Merrill + card. I like the benefits and the interest rate, however, I'm concerned of the recent acquisition by Bank of America. Do you think there will be any changes to the card benefits, rewards, logo, etc any time soon or should I just go for a different card? Thanks!!

AMEX Gold Premier Rewards | SPG AMEX | Bank of America Power Rewards | Merrill Plus | United Presidential Plus | Saks World Elite
Regular Contributor
hayhayday
Posts: 208
Registered: ‎10-15-2008
0

Re: Merrill + CC Changes?

i think the merrill card has always been a cobraneded bofa card so it shouldnt change
Valued Contributor
jmbfl
Posts: 1,185
Registered: ‎03-04-2008
0

Re: Merrill + CC Changes?

I think it actually is and was an FIA card, which is now part of BofA. No change - no need for concern.
Established Contributor
jaxstraw
Posts: 570
Registered: ‎03-29-2008

Re: Merrill + CC Changes?

I have the card and really like it. A few things to consider though if you already have a BoA card or plan on getting one along with the Merrill in the future. I'll tell my story and you go from there.

 

I have a BoA Amex w/ a 12k CL. I applied for the Merrill and to my delight was approved for 5k !

 

The next day I checking my accounts and found out that my BoA is now at 7500. I knew what happened because I read these boards but called anyway to complain. The didn't really approve me, they just borrowed/stole the $ from the BoA CL.

 

 To make a long story short after enough compllaining ( 2 days and about 5 phone calls) I got them to restore the BoA CL back to 12k and issue me a 2500 Merrill+.

 

The day the Merrill came I went for a CLI on the luv button and got it to 10000.

 

So far so good, a 12k BoA Amex and a 10k Merrill+. It took some work but I got what I wanted.

 

The only issue now is that since they are both issued by FIA and are linked when you call CS, if you want a CLI on either card they see the other on their screen. They might consider the other cards CL into your request.

 

I recently wanted to balance transfer for the 1.99% BoA offers and wanted to see if they would increase my CL to reflect some of the BT. They immediately suggested moving some of my CL from the Merrill+ over instead. Not good, I don't want them to have that option but they do.

 

Besides that issue I have no problems,it's a fixed rate card for everyone which is great, it carries the same 1.99 BT rate for a year as BoA, and it has a ceiling CL of 250k. (LOL).

 

Now there's another way to look at this also. If you have a BoA card and get denied for the Merrill, you might be able to recon a card by HAVING them borrow some CL.

 

 Jax 

Jax

*************************************************************************************
Then you are a fool. Be thankful that when God gave you a face, he gave you a fool's face
Established Contributor
plasticguy
Posts: 556
Registered: ‎02-21-2008
0

Re: Merrill + CC Changes?

As a side note, ML has a max BT fee of $75. BOFA has no MAX:smileywink:
Established Contributor
Chopbrocoli
Posts: 805
Registered: ‎05-11-2007
0

Re: Merrill + CC Changes?

Thanks guys, I appreciate your help! I went ahead and applied and was approved for a $3500 CL. I'm very excited to receive the card!
AMEX Gold Premier Rewards | SPG AMEX | Bank of America Power Rewards | Merrill Plus | United Presidential Plus | Saks World Elite
Established Contributor
jaxstraw
Posts: 570
Registered: ‎03-29-2008
0

Re: Merrill + CC Changes?

Congrats.  I'd ask for a CLI at activation. Make sure they don't pull another hard.
Jax

*************************************************************************************
Then you are a fool. Be thankful that when God gave you a face, he gave you a fool's face
Valued Contributor
debtisgood
Posts: 1,126
Registered: ‎03-25-2008
0

Re: Merrill + CC Changes?

This is my number 1 card, have had great customer service and no problems with them so far. I hope you enjoy it!

 

They auto CLI and soft on your requests (unless you are doing them very frequently)

Regular Contributor
Thunderseven
Posts: 212
Registered: ‎09-16-2008
0

Re: Merrill + CC Changes?

How long does it take for approval from ML?
Thunderseven.....TU 712 (08/21/2013) EQ 696 08/21/2013 EX 719 908/21/2013) All FICO's

I don't ask for much,
The truth will do just fine....

Established Contributor
Chopbrocoli
Posts: 805
Registered: ‎05-11-2007
0

Re: Merrill + CC Changes?

I got an instant approval. I applied over the phone. But it just varies depending on a consumers credit history and information they provide on their application.
AMEX Gold Premier Rewards | SPG AMEX | Bank of America Power Rewards | Merrill Plus | United Presidential Plus | Saks World Elite

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+
}