topic Re: Merrick bank scc or Open Sky scc? in Rebuilding Your Credit

Merrick bank scc or Open Sky scc?

xp2inc3x — Wed, 05 Jun 2013 04:36:33 GMT

alot of these secured cards are like applying for a unsecured card you get denied.But i need one more secured card have came to the decision merrick bank or opeen sk

Merrick scc-im really leaning towards the merrick bank scc but afraid of not getting approve.. In only found little information on the forums about ppl getting approve and some getting denied

Open sky ssc- only reason why i mention this scc is because they do not do a credit check from my research

Once i get another secured card not applying for no more..Currently have a cap 1 plat unsecured card and a first progress scc on the way

I tell you this rebuilding progress really suck i once upon of time had a decease credit score 650 but drop rapidly cause couldnt making payments on time on cc's due to having a baby and taking care of my family off of my 1 income and waiting for my girl to finish school, also trying to pay rent and just everything else etc. But imma keep going to i see the light at the end of the tunnel.

Re: Merrick bank scc or Open Sky scc?

twall06 — Wed, 05 Jun 2013 04:41:12 GMT

I have a merrick secured card it was my first rebuilder my score was like 530 when i got it .

Re: Merrick bank scc or Open Sky scc?

xp2inc3x — Wed, 05 Jun 2013 04:45:02 GMT

Did you have collections or alot of delinquencies on your cr?

Re: Merrick bank scc or Open Sky scc?

ktl72455 — Wed, 05 Jun 2013 10:51:01 GMT

https://www.sdfcu.org/CreditCards

EMV Savings Secured Visa Platinum Card

This is the perfect card to establish or rebuild your credit with the comfort of having funds secured by your Regular Share Savings Account. This card works like a credit card, but is available for lower limits. Simply deposit the amount you want on the card into your savings account, and apply for your card. Plus, your money will earn interest in your savings account.

Features & Benefits

Low 6.99% APR*
No income verification or credit check required
Limits as low as $250
Secure chip-enabled technology
No foreign transaction fees
No annual fees
Flexpoints Rewards for every $1 spent

Re: Merrick bank scc or Open Sky scc?

diva_1515 — Fri, 07 Jun 2013 12:39:38 GMT

If left with only those 2 choices I say Merrick only becuase Open Sky doesn't offer unsecured cards.

Re: Merrick bank scc or Open Sky scc?

twall06 — Tue, 18 Jun 2013 23:00:02 GMT

Yes i had two collections , a judgement , and three charge offs but all had been paid off before i applied

Re: Merrick bank scc or Open Sky scc?

toi34 — Thu, 20 Jun 2013 02:28:35 GMT

I applied and was approved for this card at the beginning of the month. Everything you listed in correct except that it is a minimum $300 deposit into a share savings account.

SDFU IS SLOW......It is going on 3 weeks now and I have not received the card, nor has it reported to the bureaus. The Visa card number is on my homepage, along with the checking and saving accounts i opened, but where is the card...where is the reporting???? What is the hold-up...geesh....

Re: Merrick bank scc or Open Sky scc or SDFCU scc

ktl72455 — Thu, 20 Jun 2013 12:38:04 GMT

Thanks for the update on SDFCU

I couldnt find any information on ability to add funds to the CC to increase the CL. Now that you have joined can you give any insight?