topic Re: Merrick credit line increase in Credit Card Approvals

Merrick credit line increase

razzy116 — Sun, 16 Aug 2020 03:32:53 GMT

I just got an automatic credit line increase 500 to 1000 on 8/15/20 is that all i get or will there be more increases and will my credit score increase? Thank you and be safe.

Re: Merrick credit line increase

AllZero — Sun, 16 Aug 2020 03:37:17 GMT

Congratulations on your PCLI!

Re: Merrick credit line increase

mrcraft — Sun, 16 Aug 2020 03:56:55 GMT

Congratulations on your CLI!!

Re: Merrick credit line increase

Anonymous — Sun, 16 Aug 2020 03:57:17 GMT

Nice Work on the double! Merrick is great at giving you a little every so often.

You will probably see 200 - 400 increases about every 4-6 months with continued responsible use.

Keep your balances below 68%, try to pay it off as you use it, but they dont mind if you carry a balance (its @ 29.9%)

The highest you will ever see with Merrick is about 5K I think. I am at 4K and have been for over 1 year. I have had the card for 7 years.

Its one of the better rebuilding cards, especially if you got the "Double your Limit" with no AF card. Those are super juicy to have when you are starting out, or over, depending on your situation.

Best of Luck to Ya!

Re: Merrick credit line increase

M_Smart007 — Sun, 16 Aug 2020 05:00:37 GMT

Congratulations on your Increase

Re: Merrick credit line increase

CYBERSAM — Sun, 16 Aug 2020 05:13:10 GMT

Congrats on your Merrick credit line increase 👍

Re: Merrick credit line increase

Brooklyn2018 — Sun, 16 Aug 2020 05:20:02 GMT

@razzy116 wrote:
I just got an automatic credit line increase 500 to 1000 on 8/15/20 is that all i get or will there be more increases and will my credit score increase? Thank you and be safe.

Congrats on yourCLI, @razzy116 !!!!!

I received the "double"(Feb-7 mos) from $700 to $1400 and then received another auto CLI of $200(few months later) and i was carrying a 55% balance at the time of increase. Hope that helps some.

Re: Merrick credit line increase

OmarGB9 — Sun, 16 Aug 2020 07:14:34 GMT

@razzy116 wrote:
I just got an automatic credit line increase 500 to 1000 on 8/15/20 is that all i get or will there be more increases and will my credit score increase? Thank you and be safe.

I'm assuming that's the double your limit thing they do, so it's all you get for now, but I would think they would give you more CLIs over time with responsible usage. As for your scores, it's impossible to say without more details.

Re: Merrick credit line increase

gdale6 — Sun, 16 Aug 2020 13:31:18 GMT

Congrats on your CLI

Re: Merrick credit line increase

CountryLivin — Sun, 16 Aug 2020 14:34:19 GMT

Congrats on the increase! I love Merrick Bank.....they are the best rebuilder that I had! I have had my card about 3 1/2 years and I have gotten 4 CLI's since they first doubled my CL. I'm at $3000 right now.

Re: Merrick credit line increase

coreyb80 — Sun, 16 Aug 2020 14:34:36 GMT

Congrats on the CLI!

Re: Merrick credit line increase

CreditAggie — Sun, 16 Aug 2020 16:06:23 GMT

Congratulations on your Merrick Bank CLI!

Re: Merrick credit line increase

slickwidit — Mon, 17 Aug 2020 01:36:43 GMT

congrats on the increase

Re: Merrick credit line increase

Applepro1990 — Mon, 17 Aug 2020 01:56:26 GMT

Congratulations on the increase. I'm sure more will follow in the future if you have good payment history and your score continues to improve.

Re: Merrick credit line increase

nuohlac — Mon, 17 Aug 2020 02:11:46 GMT

Congrats!!!

Re: Merrick credit line increase

cashorcharge — Mon, 17 Aug 2020 05:37:22 GMT

Congratulations on your increase!

Re: Merrick credit line increase

collics — Thu, 28 Jan 2021 21:20:36 GMT

@Anonymous wrote:
Nice Work on the double! Merrick is great at giving you a little every so often.

You will probably see 200 - 400 increases about every 4-6 months with continued responsible use.

Keep your balances below 68%, try to pay it off as you use it, but they dont mind if you carry a balance (its @ 29.9%)

The highest you will ever see with Merrick is about 5K I think. I am at 4K and have been for over 1 year. I have had the card for 7 years.

Its one of the better rebuilding cards, especially if you got the "Double your Limit" with no AF card. Those are super juicy to have when you are starting out, or over, depending on your situation.

Best of Luck to Ya!

I have the card with the AF, but this was the data points I was looking for. Have never had an increase. I opened the card in 2016 but apparently missed a pmt w/i the first 7 months so they didn't double the limit (I don't even remember that but I guess). Was considering closing. I'm gonna pay the card way down and see what happens first.

Thanks.