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Frequent Contributor
Posts: 389
Registered: ‎07-12-2013
0

Re: Merrick Bank HELP!

I got a pre-screened letter from them a couple months back, my only card at the time was an Applied Bank secured.  I applied and was very surprised and happy to see a $500 CL!  I wasn't so happy about the $75 account set up fee and a $48 annual fee, but it was an unsecured card which again made me feel pretty good.  

 

I had a lot of student loans in default until I rehabed and consolidated them back in Nov/Dec.  I can handle $48 annual fee, especially if I get the CLI after 5-7 months since I know my 573 FICO is pretty bad :smileysad:  

 

If not I might close them as I recentely got 2 Capital One cards, $1000 Platnium and $500 Cash Rewards both on the Credit Steps Program, the $1000 goes to $1500 after 7 months and the $500 to $750.  Baby steps but it's a start :smileyhappy: 

 

AB

AU:
NFCU Navcheck: $15,000 [11/14] | Past FICOs: (6/13): EQ 573 | TU 585 | EXP 541
Current FICOs [04/11/15]: EQ 660 - 20 INQs/8 in last 12m | TU 660 - 10 INQs/3 in last 12m | EXP 681 - 6 INQs/3 in last 12m
Epic Contributor
Posts: 22,406
Registered: ‎01-17-2008
0

Re: Merrick Bank HELP!


Shokk wrote:

Just remembered this as well.  Sign up for paperless billing and get a free FICO score each month.  Didn't see any details and it doesn't say which bureau.  Hopefully not EQ since I already have a CM program with them.


CC-enhanced TU FICO 08

Established Contributor
Posts: 754
Registered: ‎04-26-2012
0

Re: Merrick Bank HELP!

I received an offer from merrick also that gave me $700 then after 6 months doubled my credit line.. They followed through on their word and I have had no issues with them.
I would ask about the double credit line offer, it may still be available.
Good luck
CS 728- 01/13 from 554-12/11
Goal: 800
Regular Contributor
Posts: 327
Registered: ‎05-28-2013
0

Re: Merrick Bank HELP!

[ Edited ]

I have them as one of my secured cards. From my understanding, after 6-8 months of ontime payments, they bump you up. Some have said they give you a decent increase, some have gotten double their credit lines.

 

The good thing about them is, they offer you a free FICO score from Transunion which is a BANKCARD08 score.

Frequent Contributor
Posts: 383
Registered: ‎02-15-2013
0

Re: Merrick Bank HELP!

I got a pre-selected (or pre-approved... don't know now) and was approved for a $500 limit which is supposed to double after my 7th statement. No fees, monthly or annual. Free FICO a month. I was approved last week and they've already reported on my credit. My latest score alert says my Experian was at 600. I pulled my TU in April and it was 576.

New Contributor
Posts: 63
Registered: ‎02-17-2013
0

Re: Merrick Bank HELP!

FWI...  I signed up with them back in December of last year.  My 7th statement just cut and with it came an auto CLI of $500.  So I went from a $500 CL to a $1000 CL.

TU - 550 / EQ - 521 all from myFICO as of 3/3/13
TU - 558 / EQ - 573 all from myFICO as of 3/23/13
TU - 610 / EQ - 603 / EX 655 - all from myfico as of 1.22.14
TU - 632 / EQ - 619 / EX - 673... all from myfico 3.15.14
TU - 658 / EQ - 619 / EX - 659 ... all from myfico 3.31.14
Contributor
Posts: 85
Registered: ‎06-03-2013
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Re: Merrick Bank HELP!

HOT DIGGITY DOG!!!   I had this letter in a pile of papers.  Never really paid attention.  Have been on a bit of an app spree with not a lot of luck the past couple weeks.  But yesterday I did the shopping cart trick with 3 Comenity stores and got the cards (all with $250 limits) and then was cleaning my credit file out this evening and found the Merrick Bank papers and saw that it expires tomorrow.  So, I figured why not, my hard pulls are already too many and applied and got it with I am assuming the $750 credit line from the papers they sent me.  I am so excited.  I was itching to finally get a bank card that wasn't secured.  Thanks Merrick!  It had no set up fees, no annual fees and since I am finally debt free I couldn't care less about the interest as I pay off my cards each month. 

I am finally on the road to recovery and it feels fantastic.

Ok, off to the garden I go. 


4/13 CS from TU 599 11/3/13 Current FICO TU: 672, EQ 680
Negs: BK charged-off Jan '09, KS tax lien PAID, but still trying to figure out how to get it removed and 10 IIB accounts
Happiness: Merrick $750  |  Cap One $300  |  USBank $300  |  Victoria's Secret $500  |  The Buckle $250  |  JCrew $250  |  Express $250  |  Cap One $2000(AU)  |  Fingerhut $850 | Kohls (AU) $3000
Goals are 760 to buy a home & to stay in the Garden til 2/14
Regular Contributor
Posts: 152
Registered: ‎02-01-2013
0

Re: Merrick Bank HELP!

Merrick is great for the free TU score (Which seems to update on totally random days)

As long as you keep your payments up, everything should be fine. 

From what I understand, as soon as you are 1 day late on a payment, they become satan!

MyFico Scores 8/2013: EX:702 EQ:724 TU:730 -- 2009: I had BAD credit. -- PIF Weekly!
Regular Contributor
Posts: 117
Registered: ‎07-24-2013
0

Re: Merrick Bank HELP!

I also got this card, If used correctly it will help to improve your credit scores.

Starting Score: 06/29/13 TU 579; EQ 585; EX 574
Current Score: 07/24/13 TU 645; EQ 668; EX 652
Goal Score: 740
Wells Fargo $700 / Merrick Bank $1000 / Fingerhut $1300 /
Gettington $1000 Walmart $600 HSN/1300 Express/700 Jcrew/1850
Jared $2000 Macys $2500 Bloomingdale $1000 Sony Card $1500
Amazon Store Card $900 Ann Taylor/880 American Airlines/1500 Shell/500 Capital One Quicksilver\ $500 Pier 1 $1500 \ Chase Zappos Visa $2500 Barclays Apple\$1200

Regular Contributor
Posts: 117
Registered: ‎07-24-2013
0

Re: you all for

What are your scores? My scores were 594, 598, 604 when my card was approved.

Starting Score: 06/29/13 TU 579; EQ 585; EX 574
Current Score: 07/24/13 TU 645; EQ 668; EX 652
Goal Score: 740
Wells Fargo $700 / Merrick Bank $1000 / Fingerhut $1300 /
Gettington $1000 Walmart $600 HSN/1300 Express/700 Jcrew/1850
Jared $2000 Macys $2500 Bloomingdale $1000 Sony Card $1500
Amazon Store Card $900 Ann Taylor/880 American Airlines/1500 Shell/500 Capital One Quicksilver\ $500 Pier 1 $1500 \ Chase Zappos Visa $2500 Barclays Apple\$1200

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