topic Re: Merrick cli question in Credit Cards

Merrick cli question

Anonymous — Mon, 28 Sep 2015 21:50:48 GMT

I am coming up on my anniversary for Merrick. They will begin charging me four dollars a month for an annual fee. Does anyone know how this card grows? I received the double your limit offer, starting at 550 then to 1100. Customer service is clueless, I asked about the annual fee and he kept explaining finance charges. When do they generally increase credit lines and how much? I am trying to justify keeping the card for age due to a recent app spree. Just want to make sure that the card grows. Thanks in advance.

Re: Merrick cli question

DeeBee78 — Mon, 28 Sep 2015 23:39:15 GMT

@Anonymous wrote:
I am coming up on my anniversary for Merrick. They will begin charging me four dollars a month for an annual fee. Does anyone know how this card grows? I received the double your limit offer, starting at 550 then to 1100. Customer service is clueless, I asked about the annual fee and he kept explaining finance charges. When do they generally increase credit lines and how much? I am trying to justify keeping the card for age due to a recent app spree. Just want to make sure that the card grows. Thanks in advance.

Close it before your AF starts. Keeping a card for age is pointless, as it doesn't affect your AAoA when you close it - it takes 10 years for that effect, which is usually mitigated by other accounts.

Re: Merrick cli question

Anonymous — Tue, 29 Sep 2015 00:12:56 GMT

@Anonymous wrote:
I am coming up on my anniversary for Merrick. They will begin charging me four dollars a month for an annual fee. Does anyone know how this card grows? I received the double your limit offer, starting at 550 then to 1100. Customer service is clueless, I asked about the annual fee and he kept explaining finance charges. When do they generally increase credit lines and how much? I am trying to justify keeping the card for age due to a recent app spree. Just want to make sure that the card grows. Thanks in advance.

It doesn't grow much. I got the same offer, double after six months. Started at $600, after six months went to $1200, and there it remained for 11-12 months, when they gave me a whopping $300 more, bringing it to $1500. I keep it around because it was my first card after rebuilding and helps with utilization, but I don't pay much attention to it anymore because I have so many better cards now.

Re: Merrick cli question

Anonymous — Tue, 29 Sep 2015 00:22:27 GMT

thanks

Re: Merrick cli question

Anonymous — Tue, 29 Sep 2015 00:39:55 GMT

@Anonymous wrote:
@Anonymous wrote:
I am coming up on my anniversary for Merrick. They will begin charging me four dollars a month for an annual fee. Does anyone know how this card grows? I received the double your limit offer, starting at 550 then to 1100. Customer service is clueless, I asked about the annual fee and he kept explaining finance charges. When do they generally increase credit lines and how much? I am trying to justify keeping the card for age due to a recent app spree. Just want to make sure that the card grows. Thanks in advance.
It doesn't grow much. I got the same offer, double after six months. Started at $600, after six months went to $1200, and there it remained for 11-12 months, when they gave me a whopping $300 more, bringing it to $1500. I keep it around because it was my first card after rebuilding and helps with utilization, but I don't pay much attention to it anymore because I have so many better cards now.

Mine doubled to 1500. But just passed one year mark. Didn't get an increase. Luckily I don't have an annual fee or I'd close it right now.

Re: Merrick cli question

ddemari — Tue, 29 Sep 2015 00:44:54 GMT

I closed mine at the one year mark. that card is not meant to keep as a strategy for a high limit card. plus they have horrible csr, charge HIGH apr, offer no perks expect for the fico.

once i had better cards, i closed them right up and have zero regrets about it.

Re: Merrick cli question

Anonymous — Tue, 29 Sep 2015 00:47:14 GMT

Thanks.... they wouldn't even waive annual fee

Re: Merrick cli question

Anonymous — Tue, 29 Sep 2015 00:51:50 GMT

I don't have AF either, started with 1100, promised to double CL after seven mos, just made a first payment, their website is very archaic I'm thinking after 1-2 years this card will be in my drawer collecting the dust That's my nickel's worth free advice. Good luck!