Merrick Bank double your line approval and other offer

[Anonymous]

Just wanted to share the info I have regarding this and thank the community bc I did research on here and saw plenty of positive reviews saying the limit was indeed doubled. 

I got an offer in the mail for Merrick bank double your line. Limit $550  doubles after 7 months of on time payments.  Annual fee $48 first year and billed $4  month thereafter.  One time $75 account set up fee. My scores are temporarily at low 600s but I applied and was approved. They hard pulled Transunion. 

I have a bk7 discharged jan 2020 and multiple other credit cards (5) now all with exceptional history (plus exceptional student loan and 2 other credit lines, dell and fingerhut all exceptional), so I am going to garden mostly and pay down the limits to get the score back up now I think.

I also got offered today in the mail a Fortiva card with a $350 credit limit 36% interest for purchases and cash advance,  $85 annual fee first year, $39 after, maintenance fee 87 a year (7.25 a month) not billed the first year. Not going to take especially bc I read they won't increase limits so no reason. No benefits of any kind either. 

Thanks again just wanted to share this info. Happy gardening!

[AllZero]

Congratulations on your approval!

[M_Smart007]

Congratulations!

[CreditMagic7]

Congratulations on the new approval!

[CreditAggie]

Congratulations on your Merrick Bank approval!

[cashorcharge]

That's terrific!  Congratulations on your approval!! 🎉🥂

[Credit4Growth]

👍  Congratulations on your approval!

[dudefromtx]

Congrats on your Merrick approval!

[gdale6]

Grats on the Merrick approval

In my rebuild that started back in 2010, this was the only bank to decline me on a pre-approved offer, in fact it is the only decline of a pre approved offer I have had in my lifetime.

[NotRalphKramden]

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@Anonymous wrote:

Just wanted to share the info I have regarding this and thank the community bc I did research on here and saw plenty of positive reviews saying the limit was indeed doubled. 

I got an offer in the mail for Merrick bank double your line. Limit $550  doubles after 7 months of on time payments.  Annual fee $48 first year and billed $4  month thereafter.  One time $75 account set up fee. My scores are temporarily at low 600s but I applied and was approved. They hard pulled Transunion. 

I have a bk7 discharged jan 2020 and multiple other credit cards (5) now all with exceptional history (plus exceptional student loan and 2 other credit lines, dell and fingerhut all exceptional), so I am going to garden mostly and pay down the limits to get the score back up now I think.

I also got offered today in the mail a Fortiva card with a $350 credit limit 36% interest for purchases and cash advance,  $85 annual fee first year, $39 after, maintenance fee 87 a year (7.25 a month) not billed the first year. Not going to take especially bc I read they won't increase limits so no reason. No benefits of any kind either. 

Thanks again just wanted to share this info. Happy gardening!

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My Merrick card is very similar. I was going to cancel after a full year and I got more useful cards, but I found that I like the $4 monthly fee. I accidently paid all my cards to $0 and took a scoring hit. $4 is just enough to post and show usage and its worth it to me.