topic Re: Closing Merrick card -- what procedure? in Credit Cards

Closing Merrick card -- what procedure?

Anonymous — Tue, 09 Jun 2009 15:33:07 GMT

I have a Merrick Visa with a CL of $1350 and my balance was right at $1000. I surfed the balance to my new Discover with a CL of $7000.

I want to close Merrick because the annual fee is $60 and the APR is a ridiculous 25.95%. My balane is now zero with them. I just do not need a high interest card anymore, my fico is plenty high to get any high credit limit card I need.

I just need to know....what is the correct procedure for closing this account? Do I call them, or write to them, or what? I don't think I have ever been in a position to voluntarily close a card down myself before. Any help or advice would be welcomed. Thanks.

Re: Closing Merrick card -- what procedure?

Anonymous — Tue, 09 Jun 2009 15:52:30 GMT

Is this your oldest card? Do you need the history? It will still show on your report so just call them up and close it but make sure balance is zero. I have their card and don't use it much but when I do I pif.

I have no fees however.

Message Edited by casinoannie97 on 06-09-2009 08:52 AM

Re: Closing Merrick card -- what procedure?

Itsmeagain — Tue, 09 Jun 2009 16:00:01 GMT

Just call the customer no-service number on the back of the card and tell them you want to close the account.

Re: Closing Merrick card -- what procedure?

Anonymous — Tue, 09 Jun 2009 16:57:41 GMT

No, I have plenty of older accounts, so I don't need it for that.

Does anyone think if I call CS they will cancel the annual fee? If they would stop that AF I would keep the account open. I really don't care about the APR because I won't be using the card anyway. And if I did, I'd be paying in full at the end of the month. I just want that AF to go away.

Re: Closing Merrick card -- what procedure?

Anonymous — Tue, 09 Jun 2009 17:25:26 GMT

they might but if you have plenty of accts why do you need one with a/f? Like I said they never charged me a fee.but I guess my cl is maxed out at 3000. I never found them very helpful. CLI were always at their whim and I haven't had one since 2007. why do you want this card?

Re: Closing Merrick card -- what procedure?

Anonymous — Tue, 09 Jun 2009 18:02:28 GMT

I don't want a credit card with an annual fee, that is the whole point. My question now is...if I call them, do I stand a chance that they will drop the annual fee in order to keep my business?

Re: Closing Merrick card -- what procedure?

wajj — Wed, 10 Jun 2009 01:50:01 GMT

I just cancelled my Merrick card last month for that reason -- didn't want to pay the annual fee. Told Merrick CS why over the phone and they made no effort at all to keep me. Basically it was, "thanks for the business, we'll cancel the card for you."

Re: Closing Merrick card -- what procedure?

Anonymous — Wed, 10 Jun 2009 02:02:52 GMT

Just a reminder...after you close the card be sure to watch your mail for further statements from them or check online whenever your next statement would be due. Often, after we think we've paid all balances due there is a final bill for interst from the last statement closing date to to.the date we close the account.