topic Re: letter from Merrick Bank in Credit Cards

letter from Merrick Bank

Anonymous — Fri, 03 Aug 2012 16:11:27 GMT

Got a letter in the mail from Merrick saying saying that I have popened o many new cards in a short period that may resolt in your account being closed but they do not want to so asks me to be careful when I consider opening new accounts

Oh well,this was a former Hooters card, I am fine if it does get closed but was a great rebuilder as now I have Discover, Chase Freedom and Citi

Re: letter from Merrick Bank

pizzadude — Fri, 03 Aug 2012 16:37:01 GMT

@Anonymous wrote:
Got a letter in the mail from Merrick saying saying that I have popened o many new cards in a short period that may resolt in your account being closed but they do not want to so asks me to be careful when I consider opening new accounts

Oh well,this was a former Hooters card, I am fine if it does get closed but was a great rebuilder as now I have Discover, Chase Freedom and Citi

That's very interesting, never heard of this before - like a pre~AA warning letter

Re: letter from Merrick Bank

Anonymous — Fri, 03 Aug 2012 19:50:43 GMT

op you should return the favor and tell them now that you have chase citi and discover youve realized that you no longer need them! lol

Re: letter from Merrick Bank

Anonymous — Fri, 03 Aug 2012 19:56:03 GMT

Meh, just leave it be.

I'd rather have all those other cards anyway.

Re: letter from Merrick Bank

Anonymous — Fri, 03 Aug 2012 20:23:54 GMT

LOL. Everything about that bank makes me laugh and shiver at the same time. While I have nothing nice to say about Merrick bank and would tell them to shove it personally (unless it's your oldest TL maybe)... congrats on the rebuilding efforts!

Re: letter from Merrick Bank

Anonymous — Fri, 03 Aug 2012 22:39:53 GMT

I got the same letter from them about a month ago. My app spree was in January when I added AMEX, Barclays, and Chase. They didn't end up closing my account. OP, I wouldn't worry about it if i was you.

Re: letter from Merrick Bank

Anonymous — Fri, 03 Aug 2012 22:57:12 GMT

I got the same letter within the last month. I thought it was hilarious and laughed it off. Then I ripped it up.

Re: letter from Merrick Bank

Anonymous — Sun, 05 Aug 2012 02:01:58 GMT

Glad I was not the only one who got the letter, just got approved for 3k with my local CU and freedom and discover are both at 2k cl life is good

Re: letter from Merrick Bank

Anonymous — Sun, 05 Aug 2012 19:22:42 GMT

Got the same letter yesterday after I got approved for a 15.000 from BBVA Compass 5000 from First communitycrefit Union and reason is 5000 is because that's the lowest they start if you don't set your own limit BOA 10000 none of them seem to be concern about me applying for new credit.

So what give I don't owe them anything and always paid my bill on time. Now they r concern because I apply . Major credit limit is 100,000 and and I only owe 3,600 and that's paid every month because I use my rewards cc to pay my bills. If they looked more at how I pay than what I appply for then they would know I'm not the one they should be concern with. If I charge 10,000 to a cc I got 10,000 to back it up. I charge no more than I can afford to pay at a given. That why I always know each card billing cycle so I get the jump on the bill before it comes out. So if my statement date is the 6th I start using that card on the 7th. and pay it off on the 3rd of the next month or half the bill and get the statement for the other half. BOA since they don't list my cl I always leave a 800.00 balance on them since I paid household bills with them.

Re: letter from Merrick Bank

moonman — Sun, 05 Aug 2012 21:24:57 GMT

I got the letter today and closed it immediatly because it was a former hooters card that i opened in 07 with a 4k limit. I received three pre approved offers from some prime lenders within the last eight months that i could not turn down and this letter made it easier to shut them down.Merrick bank is a bottom feeder to me now because when it was a hooters card they had no problems with the accounts i had opened and I usually charged a couple of bills on it every month and pay it off to keep it active and use the points i earned.

Re: letter from Merrick Bank

LS2982 — Sun, 05 Aug 2012 21:47:10 GMT

@Anonymous wrote:
op you should return the favor and tell them now that you have chase citi and discover youve realized that you no longer need them! lol

This ^^^^^^^^^^^^^^^^^^^^

Re: letter from Merrick Bank

Anonymous — Mon, 06 Aug 2012 13:50:23 GMT

@LS2982 wrote:
@Anonymous wrote:
op you should return the favor and tell them now that you have chase citi and discover youve realized that you no longer need them! lol
This ^^^^^^^^^^^^^^^^^^^^

Well I do have a $1600 limit so good for emergencies

Re: letter from Merrick Bank

elmolina74 — Mon, 06 Aug 2012 16:47:13 GMT

LOL, I got the same letter over the weekend something along the lines "we have been monitoring your credit report and have noticed new accounts in a short period of time" ... Well hello!!! Of course you have and I'm sure you have noticed my score has vastly improved since Merrick gave me credit AND that new accounts are with Wells Fargo and Discover, duh!! I just ripped the letter