topic Re: Merrick Bank Approval! in Credit Card Approvals

Merrick Bank Approval!

Anonymous — Fri, 20 Nov 2015 06:14:28 GMT

I was a bit eerie since I've never heard of this bank before today but this preapproval letter offered no fees and double CLI in 7 months and from what I've read on the forums, they don't sound too horrible compared to other rebuilder cards

I have a 651 TU score as of yesterday with 10 inquieries, 9 of which are from May 2015 to present. 3 baddies, 1 just got deleted. and Two Cap1 cards and a Lowes card. And lastly, an auto loan.

Re: Merrick Bank Approval!

sreneesa — Fri, 20 Nov 2015 07:53:03 GMT

Congrats!!!

Re: Merrick Bank Approval!

Anonymous — Fri, 20 Nov 2015 08:13:10 GMT

Congrats! Think of it as a stepping stone card. Pay as agreed and get your increase. I still have one, but I don't use it much anymore. After the first year, I had to pay a $36 an fee, which they charge at $3 per month. Still, it's a builder / rebuilder card and will serve it's purpose.

Re: Merrick Bank Approval!

Anonymous — Fri, 20 Nov 2015 08:38:32 GMT

Congrats! can we ask your SL?

Re: Merrick Bank Approval!

Anonymous — Fri, 20 Nov 2015 08:39:07 GMT

Congratulations! When no one else would, they did for me. I still have it.

Re: Merrick Bank Approval!

alextercero — Fri, 20 Nov 2015 09:10:02 GMT

Congrats

Re: Merrick Bank Approval!

schsa210 — Fri, 20 Nov 2015 15:33:13 GMT

Congrats!

I too have one, started with $700 and doubled after 7th statement cut. No issues at all with them. My annual fee was a one lump sum charge so there is no monthly fee payment on my account.

From what I've read, they are good about giving auto increases every six months. I hope that's true and looking forward to finding out if it's true or not.

Re: Merrick Bank Approval!

Country_Feller — Fri, 20 Nov 2015 16:19:21 GMT

Congratulations!!!

Re: Merrick Bank Approval!

Anonymous — Fri, 20 Nov 2015 16:22:12 GMT

Congrats...continue your journey and let this card serve its purpose as a stepping stone to much better things.

Re: Merrick Bank Approval!

Anonymous — Fri, 20 Nov 2015 19:52:30 GMT

Congrats!

Re: Merrick Bank Approval!

Anonymous — Fri, 20 Nov 2015 20:35:35 GMT

Congrats. Merrick is a good no frills card. Got mine in August of last year. Everything worked just like it was supposed to. Doubled my limit on 7th statement.

And the free fico score each month is nice.

Re: Merrick Bank Approval!

Anonymous — Fri, 20 Nov 2015 21:53:34 GMT

So, even after saying "no fees" there will still be fees after a year?

I started with a 800 SL which states 1600 after the 7th statement

Re: Merrick Bank Approval!

Shooting-For-800 — Mon, 23 Nov 2015 14:19:51 GMT

@Anonymous wrote:
I was a bit eerie since I've never heard of this bank before today but this preapproval letter offered no fees and double CLI in 7 months and from what I've read on the forums, they don't sound too horrible compared to other rebuilder cards

I have a 651 TU score as of yesterday with 10 inquieries, 9 of which are from May 2015 to present. 3 baddies, 1 just got deleted. and Two Cap1 cards and a Lowes card. And lastly, an auto loan.

I have had several Merrick cards over the years and never had any issues with them.

No BS payment problems, no fees, no interest, nothing.

They seem to be a decent bank for marginal credit.

I have also never received a CLI after the first "double CLI".

Re: Merrick Bank Approval!

Anonymous — Mon, 23 Nov 2015 16:46:24 GMT

Congrats!