cancel
Showing results for 
Search instead for 
Did you mean: 

How to close Merrick bank credit card

NYC85
Frequent Contributor

How to close Merrick bank credit card

This was my second card two years ago I got. Now it is my lowest card with barely 300 on it. I would like to close it and get my deposit back.

 

What is the best way to do this? I get chared 3 dollars a month for annual fee, which posts statement day. When is the best time to close? I don't want it posting with a 3 dollar fee when I close the account. Its at zero right now of course, but the statement generates tomorrow.

 

Also, how long does it take to get back the deposit? 

 

Thanks guys

Message 1 of 9
8 REPLIES 8
NYC85
Frequent Contributor

Re: How to close Merrick bank credit card

No one has had a secured merrick bank card closed?

Message 2 of 9
RCFL
Frequent Contributor

Re: How to close Merrick bank credit card

When I cancelled my Merrick card a few years ago, I called the number on the back and spoke to someone. Just call them....

Message 3 of 9
JAG73
Moderator

Re: How to close Merrick bank credit card

Easy...call and tell them to close it. I'm sure they will try to get you to recon, but stick to your guns. 

Got some pruning to do... No more new cards!
Message 4 of 9
NichelleN
Established Contributor

Re: How to close Merrick bank credit card

I had a Merrick card for a year but it wasn't secured. And there weren't monthly fees. It had an annual fee and I closed it before the annual fee could post. I called the number on the back of the card and requested to close it. The rep was polite and he didn't try to get me to keep the card. It had served its purpose so I wouldn't have kept it no matter what was offered.

More than enough credit.
Message 5 of 9
Anusara
Senior Contributor

Re: How to close Merrick bank credit card


@NYC85 wrote:

This was my second card two years ago I got. Now it is my lowest card with barely 300 on it. I would like to close it and get my deposit back.

 

What is the best way to do this? I get chared 3 dollars a month for annual fee, which posts statement day. When is the best time to close? I don't want it posting with a 3 dollar fee when I close the account. Its at zero right now of course, but the statement generates tomorrow.

 

Also, how long does it take to get back the deposit? 

 

Thanks guys


Call CS. I would have called immediately after making the last payment on your account. 

Gardening since 10/01/18 Gardenversary 10/01/20 Score: xx/xx/xx EQ xxx TU xxx EXP xxx
Current Score: 781
Goal Score: 800
Take the myFICO Fitness Challenge
Message 6 of 9
NYC85
Frequent Contributor

Re: How to close Merrick bank credit card

I guess I will wait until this statement hits tomorrow, then post the payment for the fee, wait for that to clear, THEN call and cancel lol

 

How long to get back deposit?

Message 7 of 9
Anusara
Senior Contributor

Re: How to close Merrick bank credit card


@NYC85 wrote:

I guess I will wait until this statement hits tomorrow, then post the payment for the fee, wait for that to clear, THEN call and cancel lol

 

How long to get back deposit?


I wouldn't wait to call CS. Maybe they will credit you the $3 fee. Idk how long it will take to receive a refund. Please come back and update your thread with the outcome. Good luck!Smiley Happy

Gardening since 10/01/18 Gardenversary 10/01/20 Score: xx/xx/xx EQ xxx TU xxx EXP xxx
Current Score: 781
Goal Score: 800
Take the myFICO Fitness Challenge
Message 8 of 9
Turbobuick
Established Contributor

Re: How to close Merrick bank credit card

Whether you owe them $3 or $3000, the account can be closed any time. They will shut off your ability to use the card immediately, bill you until its paid off, then officially close the account. 

Message 9 of 9
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.