Data Point for Merrick Bank Double your line

[Anonymous]

So I said I would post this data point back when I got the card.

I asked "if you never use the card would it still double your line after 7 Statements?". Most people assumed you would have to use the card each month to get the line doubled. I couldn't find that requirement in the terms so I figured I would test it myself.

I used the card for one purchase only, then paid in full 5 days later back in December 2015

Well the results are in, my line has doubled to $1,100.

Now we know you only have to use your card one time to get your line doubled after 7 months.

[Anonymous]

Thanks for information.

[CountryLivin]

Cool! Thanks for sharing!

[RonM21]

That is cool that you really didn't have to use it, and it is pretty much automatic.

[padme]

I had it secured for 300. Never went nowhere, I cancelled at 12 months. For my 300 back a month later

[Anonymous]

Yeah the secured version is pretty bad, I'm not even sure they ever unsecure. I was fortunate enough to be offered the unsecured version.

Personally I think secured credit cards are really only for rebuilding and not for first time credit users, but Dicover is the best if you have a few mistakes but want to rebuild, and if you have a lot of mistakes then capital one, I also have BofA secured card, but I wouldn't recommend it to anyone.

[Anonymous]

That's good to know.  I have a $700 limit now, set to double in October. I have used it a few times but won't have "7 monthly payments" by October.    I will happily accept the $1,400 limit  

[padme]

Hmm. Back in 2014 thought I read in a post that it would unsecure, but it never did. Also I haven't received any mail from them since. Guess that's ok.