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Merrick Bank Card Does this mean I am denied....

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Established Contributor

Re: Merrick Bank Card Does this mean I am denied....

Thanks Katie!

EQ8: 646 EQ5: 652 V3.0: 665 **8/2015
TU8: 635 TU4: 700 V3.0 :663 **8/2015
EX8: 636 EX3: 670 V3.0: ? **8/2015
CCD Util 35%

Message 31 of 40
New Member

Re: Merrick Bank Card Does this mean I am denied....

Deltadog03 - yes, it was about 4 days when i got the alert that a new account opened. seemed pretty fast, so i gues i'll just have to wait and see if they report payments fast too! Smiley Happy

Message 32 of 40
New Member

Re: Merrick Bank Card Does this mean I am denied....

Daisy - they told you there is a 48 AF? I'll have to check when I get my card, because the invitation letter I read all of it and it said $0 AF, $0 setup fee, etc.

Message 33 of 40
New Contributor

Re: Merrick Bank Card Does this mean I am denied....

I received a preapproval for $750, but the card has a  $65 annual fee.  I have never had a late payment and it will be a year in August.  I am still at the original $750 limit.  I am looking into getting a card with NFCU and telling Merrick to hit the trail, because their interest rate is not worth the annual fee.

 

Has anyone else had a similar experience?

Starting Score: 594
Current Score: 627 EX 680 TU 672 EQ
Goal Score: 650...now 700!
Message 34 of 40
Established Contributor

Re: Merrick Bank Card Does this mean I am denied....

I just got, and activated my Merrick Bank Card today.  I signed up for paperless billing and my TU08 Bancard FICO is 629.  Not bad.....Still has not reported as a new account yet on my CR

EQ8: 646 EQ5: 652 V3.0: 665 **8/2015
TU8: 635 TU4: 700 V3.0 :663 **8/2015
EX8: 636 EX3: 670 V3.0: ? **8/2015
CCD Util 35%

Message 35 of 40
Valued Member

Re: Merrick Bank Card Does this mean I am denied....

Yeah.  It states that there is a $48.00 AF and then I will be billed $4.00 per month thereafter.  I was aware of this before applying, but again I felt it was worth it for the credit limit they gave me.

Message 36 of 40
Established Contributor

Re: Merrick Bank Card Does this mean I am denied....

Daisy, thats not to bad.  Have you got your card yet? or has it shown up on your CR yet?

EQ8: 646 EQ5: 652 V3.0: 665 **8/2015
TU8: 635 TU4: 700 V3.0 :663 **8/2015
EX8: 636 EX3: 670 V3.0: ? **8/2015
CCD Util 35%

Message 37 of 40
Valued Member

Re: Merrick Bank Card Does this mean I am denied....

No, not yet. I should receive it any day now.  It's not reporting yet and funny thing is that it's not showing up as an inquiry yet either, but I asked them what credit report they pull and they said TU.

Message 38 of 40
New Visitor

Re: Merrick Bank Card Does this mean I am denied....

I just got a preapproval for the 35yr fee 700 limit w/x7 to 1400 but got a review. In my experience this means a denial. Sometimes they dont want you to get upset for wasting 15-30 min filling out forms so they let you down easier in a letter a few weeks later. Something like too many accounts, too high balances, too much revolving credit, not enough history, etc. Doesnt take into account 0 missed payments, 0 late payments, etc. Anyways, just thought Id clear that up for you, even though its been a year since this thread started lol.

Message 39 of 40
Established Contributor

Re: Merrick Bank Card Does this mean I am denied....

Merrick Bank is great to work with and there Credit Department is as well in my experience.

 

Current Scores (9/9) - Equifax 542 - TransUnion 560 - Experian 563

$500
Message 40 of 40