How to close Merrick bank credit card

Anonymous · ‎07-22-2016

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

Anonymous · ‎07-22-2016

No one has had a secured merrick bank card closed?

RCFL · ‎07-22-2016

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

Anonymous · ‎07-22-2016

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

NichelleN · ‎07-22-2016

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.

Anonymous · ‎07-22-2016

@Anonymous 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.

Anonymous · ‎07-22-2016

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?

Anonymous · ‎07-22-2016

@Anonymous 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!

Turbobuick · ‎07-23-2016

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.