topic Re: Merrick's double your line app in Credit Card Applications

Merrick's double your line app

Anonymous — Fri, 23 Jan 2015 19:43:57 GMT

A pre-approval offer from Merrick's double you line card came today. Initial offer of 550, bumped to 1100 after 7 months.

Not sure on taking it, I have a high HP on all the CRA at the moment, the rate is high, here's an AF charged monthly and a set up fee. I'm in the process of rebuilding, but I'd like to think the cards I have are of a higher caliber (Barclay rewards, 1k, cap one quicksilver visa, 1k, chase freedom 500 and 1 secured cap one platinum 700 that CLI to 1k, all but secured are 5 mos old, secured is over a year, perfect payment history).

Does that give me any leeway on getting a better offer? My scores are low mid-600s, is it worth taking for the bump in Utilization? No phone number on the pre approved app, though. Just a website or mail in. Advice welcome!

Re: Merrick's double your line app

1GaDawg85 — Fri, 23 Jan 2015 20:02:05 GMT

I would just stick with what you have....even go as far as closing the secured Cap1 card

Re: Merrick's double your line app

Anonymous — Fri, 23 Jan 2015 20:07:25 GMT

I would pass on that offert!

Re: Merrick's double your line app

Anonymous — Fri, 23 Jan 2015 20:13:20 GMT

@1GaDawg85 wrote:
I would just stick with what you have....even go as far as closing the secured Cap1 card

I'm definitely getting to that. I'm waiting to hear back from the EO on an unsecured platinum card since they won't convert the secured to anything else.

Im a little light on TL overall, so I'm trying to add more good to drown out the bad on my CR.

Re: Merrick's double your line app

1GaDawg85 — Fri, 23 Jan 2015 20:17:31 GMT

you will never full drown it out unless you get rid of it completely!

Re: Merrick's double your line app

Anonymous — Fri, 23 Jan 2015 20:17:50 GMT

@Anonymous wrote:
I would pass on that offert!

Sadly, after they double the limit, that would be my highest limit. I just can't seem to break the 1k barrier. I pay in full every month and I've never had a late payment for anything in the last 4+ years. I'm knocking myself out trying to get higher limits, hence the consideration for this beast of a card.

Re: Merrick's double your line app

Anonymous — Fri, 23 Jan 2015 20:24:14 GMT

@1GaDawg85 wrote:
you will never full drown it out unless you get rid of it completely!

Working on that, too. One is a CA, Portfolio Recovery that I'm fighting the reporting of as an open revolving account in collections (it's not), one is a paid, satisfied and cancelled state lien, one is an account that I was an AU on, and the last is long rehabbed school loans that are still reporting a balance and missed payments. The rest is just young credit history.

Re: Merrick's double your line app

Anonymous — Fri, 23 Jan 2015 22:33:44 GMT

I got one of these offers yesterday myself.

Too little too late.

Re: Merrick's double your line app

taxi818 — Sat, 24 Jan 2015 01:50:34 GMT

Don't worry of highest limit right now. got that offer a few months ago. straight to the schredder. get rid of it. your limits will be super before you know it. your cards onl;y 5 months old. this is not a drag race. take it easy. in another 7 months your limits will be in the thousands. keep your course. good luck.

Re: Merrick's double your line app

Anonymous — Sat, 24 Jan 2015 02:12:33 GMT

I agree with those who say pass, and I have a Merrick card. But mine was an opening line of $1250, and no fees. Since you're on their radar, they will eventually send you an offer worth grabbing, Mine was the third they sent me.

Re: Merrick's double your line app

Anonymous — Mon, 26 Jan 2015 21:53:29 GMT

@Anonymous wrote:
I agree with those who say pass, and I have a Merrick card. But mine was an opening line of $1250, and no fees. Since you're on their radar, they will eventually send you an offer worth grabbing, Mine was the third they sent me.

I was wondering about that! I saw that some of the offers differed greatly. And the last time they pulled my credit was in April of last year. My scores have much improved since then. I tried the backdoor number and see if no yearly fee or processing fee was an option, and was told this is what you get. It felt very liberating to say thanks, but no thanks. How liberating!

Re: Merrick's double your line app

Anonymous — Mon, 26 Jan 2015 22:01:16 GMT

Got yet another one today. Better terms, 1k starting, down to 36 AF. Not a chance.

Re: Merrick's double your line app

Anonymous — Mon, 26 Jan 2015 22:04:23 GMT

@Anonymous wrote:
Got yet another one today. Better terms, 1k starting, down to 36 AF. Not a chance.

Yikes. Mine was a 35 AF, but a 75 processing fee, and only 550 to start. Meh at best.

Re: Merrick's double your line app

asphaltcowboy — Mon, 26 Jan 2015 22:15:14 GMT

My DW received one of these offers today?? not rebuilding so I don't know how she got on their

radar, anyway the offer is for:

$1100.00 start with double in 7 months

No annual fee

No monthly service fee

No account set-up fee

No penalty rates

No over limit fee

APR 23.45%

(she said no thanks and shredded)

Re: Merrick's double your line app

Anonymous — Mon, 26 Jan 2015 22:17:33 GMT

read the back of the form. TU sells lists of people that meet their criteria (a pulse and some credit somehow somewhere)

Re: Merrick's double your line app

Anonymous — Mon, 26 Jan 2015 22:17:44 GMT

Clearly I am not the cream of their crop! Boo. I'll stick with my quality rather than quantity and hope one of these dang cards sees my efforts to be awesome.

Re: Merrick's double your line app

Anonymous — Wed, 28 Jan 2015 15:11:09 GMT

@Anonymous wrote:
read the back of the form. TU sells lists of people that meet their criteria (a pulse and some credit somehow somewhere)

Whoa, according to TU they pulled my credit back in April of last year and I'm just now getting an offer. That's some lag time, right there.

Re: Merrick's double your line app

Anonymous — Wed, 28 Jan 2015 15:23:55 GMT

@Anonymous wrote:
Clearly I am not the cream of their crop! Boo. I'll stick with my quality rather than quantity and hope one of these dang cards sees my efforts to be awesome.

Neither was I when it would have mattered.

Re: Merrick's double your line app

Anonymous — Wed, 28 Jan 2015 15:30:57 GMT

I guess I'll have to be happy with my quality over quantity. This credit stuff is not easy when you have little to no patience.

Re: Merrick's double your line app

Anonymous — Sun, 22 Feb 2015 17:56:02 GMT

I got this same offer but with only a $600 pre approval. I love this forum, got the answer to my question. Shredder time it is.