Merrick Bank HELP!

[Anonymous]

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  

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  

AB

[guiness56]

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@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.

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CC-enhanced TU FICO 08

[Lasardo]

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

[goosedog]

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.

[SLR72689]

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.

[GOLF81]

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.

[PrettyPeacock]

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. 

[WolfMan]

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!

[money28]

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

[money28]

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