topic Re: Merrick Bank Free FICO in Credit Cards

Merrick Bank Free FICO

Grover627 — Fri, 23 Aug 2013 22:51:02 GMT

I have had my Merrick Bank card for about 3 months now, and it isn't a terrible rebuilder card overall. The best feature for me has been the free monthly FICO score. The first one reported on June 14th, and the second one on July 15th. I still haven't gotten my Merrick FICO for August. Does anyone know how often to expect this? Thanks!

Re: Merrick Bank Free FICO

Anonymous — Fri, 23 Aug 2013 23:05:55 GMT

I was gonna get the Merrick Bank Card..mainly because my limit would be 1100 and 6 months of on time payment would bump it to 2200. But I didnt know what came after that so I never did it.

Re: Merrick Bank Free FICO

Anonymous — Fri, 23 Aug 2013 23:06:36 GMT

and the FICO score monthly is a cool thing to have. Do they tell you what bureau and if its actually a FICO?

Re: Merrick Bank Free FICO

Grover627 — Fri, 23 Aug 2013 23:37:22 GMT

It is a TU score, although I believe it is the version used by the bank as opposed to the version we get here.

Re: Merrick Bank Free FICO

Anonymous — Fri, 23 Aug 2013 23:41:46 GMT

I have had Merrick since back in May and the score updates are sporatic at best...my one that is there right now says as of 7/5/2013 and prior to that one, which it didn't display until 7/16/2013 it was the first one I received...

I also got the card for the free score and the automatic double credit limit...still waiting to see if my limit doubles and then what it will do after that....

Re: Merrick Bank Free FICO

SunriseEarth — Fri, 23 Aug 2013 23:44:00 GMT

I have that one, too. No AF and mine should bump from $600 to $1200 after a couple more statements. The interest rates are really high, so that's definitely incentive not to carry a balance! It's not a bad rebuilder, so I'll probably SD it once I get the increase and pay off.

Re: Merrick Bank Free FICO

SunriseEarth — Fri, 23 Aug 2013 23:45:23 GMT

I'm still stick on the 7/15 score, too. I think Walmart is better with updating their FICO score, but I only have one score so far there.

Re: Merrick Bank Free FICO

Mike1inTX — Fri, 23 Aug 2013 23:57:25 GMT

Merrick Bank uses TU for the FICO score. FICO08 score.

They tend to pull mid month and post towards the end of the month.

I have had a Merrick Bank account since 2008 right out of a BK. Started as a Hooters Mastercard at $500 CL No AF and high APR @ 24.9%.

Changed to a Merrick Visa when the Hooters card program was discontinued and kept all the history.

Received several auto CLI's over the years to a CL of $3100 today.

Still no AF

Auto APR reduction to 17.99% last year also.

Good rebuilder for me.

Re: Merrick Bank Free FICO

Anonymous — Fri, 23 Aug 2013 23:59:51 GMT

@Mike1inTX wrote:
Merrick Bank uses TU for the FICO score. FICO08 score.
They tend to pull mid month and post towards the end of the month.

@I have had a Merrick Bank account since 2008 right out of a BK. Started as a Hooters Mastercard at $500 CL No AF and high APR @ 24.9%.
Changed to a Merrick Visa when the Hooters card program was discontinued and kept all the history.
Received several auto CLI's over the years to a CL of $3100 today.
Still no AF
Auto APR reduction to 17.99% last year also.

Good rebuilder for me.

That is good to hear!! thanks for sharing!

Re: Merrick Bank Free FICO

Anonymous — Sat, 24 Aug 2013 01:38:49 GMT

Is Merrick a good lender? Will this card grow with you?

Re: Merrick Bank Free FICO

halos24 — Sat, 24 Aug 2013 02:34:30 GMT

I also can't complain, I started with 700cl after 6 months up to 1400 and now at 1700. Although it has been stuck there can't complain there is no AF, and after having the card almost two years just realized the free fico... Lol. Mike1inTX did you ask them to reduce your APR?

Re: Merrick Bank Free FICO

Mike1inTX — Sat, 24 Aug 2013 02:41:45 GMT

Hi,

No, I did not ask for the APR reduction.

The reduction in APR just showed up on my Dec 2012 on line statement.

Merry Christmas to me! LOL

Re: Merrick Bank Free FICO

halos24 — Sat, 24 Aug 2013 02:42:51 GMT

Oh that's great, I'm hopeful then. Although Merrick is not my prime card, it has help me rebuild and a reduction in APR is always great!

Re: Merrick Bank Free FICO

score_building — Sat, 24 Aug 2013 03:03:29 GMT

@Anonymous wrote:
Is Merrick a good lender? Will this card grow with you?

They're a subprime lender, products have somewhat limited growth potential.

Re: Merrick Bank Free FICO

Anonymous — Sat, 24 Aug 2013 04:15:28 GMT

score_building wrote:

They're a subprime lender, products have somewhat limited growth potential.

Thanks..looks like I won't be interested in them no more. I feel like Merrick is definitely a rebuilder card, though definitely a step up from First Premier or Orchard.

Re: Merrick Bank Free FICO

score_building — Sat, 24 Aug 2013 04:43:08 GMT

@Anonymous wrote:
@score_building wrote:
They're a subprime lender, products have somewhat limited growth potential.
Thanks..looks like I won't be interested in them no more. I feel like Merrick is definitely a rebuilder card, though definitely a step up from First Premier or Orchard.

Agreed...if they're actually offering a FREE credit card enhanced TU FICO on a regular basis then that is significant value added.

Re: Merrick Bank Free FICO

tcbofade — Sat, 24 Aug 2013 04:46:43 GMT

I've had this one for several years...CLI's pretty much every four months if you USE the card...you don't have to carry a balance, but they don't seem to appreciate being sock drawered...use the card, and it grows with you.

Re: Merrick Bank Free FICO

tcbofade — Sat, 24 Aug 2013 05:14:35 GMT

....and yes, they do offer a free bank card enhanced TU08 that I'm very glad to get. For free. On whatever day they deliver it.

Re: Merrick Bank Free FICO

djc1puno — Sat, 24 Aug 2013 07:29:25 GMT

@Grover627 wrote:
I have had my Merrick Bank card for about 3 months now, and it isn't a terrible rebuilder card overall. The best feature for me has been the free monthly FICO score. The first one reported on June 14th, and the second one on July 15th. I still haven't gotten my Merrick FICO for August. Does anyone know how often to expect this? Thanks!

it could be any day now...i have merrick as well and last it updated was around mid 20s last month with date of july 15th...

Re: Merrick Bank Free FICO

Anonymous — Sat, 24 Aug 2013 07:43:35 GMT

@djc1puno wrote:
@Grover627 wrote:
I have had my Merrick Bank card for about 3 months now, and it isn't a terrible rebuilder card overall. The best feature for me has been the free monthly FICO score. The first one reported on June 14th, and the second one on July 15th. I still haven't gotten my Merrick FICO for August. Does anyone know how often to expect this? Thanks!
it could be any day now...i have merrick as well and last it updated was around mid 20s last month with date of july 15th...

Same thing for me. i got the card in June, with a FICO score of 627 as of May 31st. Than last month i got another one and my score jumped to 666. Still stuck on 7-15 pull so i am hoping they post the new scores soon.