10-31-2008 08:57 PM
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!!
11-01-2008 05:05 AM
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.
11-01-2008 08:38 AM
11-01-2008 09:46 AM
11-01-2008 01:07 PM
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)
11-02-2008 07:10 PM
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. 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.