Merrick Bank Credit Card

[Anonymous]

If you look at it as though the main benefit of this card is the free Fico score, then you are paying about 48 a year for the free score.

If you need another CC and are somewhat early in the rebuild process, this is a good card.

I got the 550 to 1100 deal a couple years ago and I just got a giant 300 auto cli last month.

I am going to close out later this fall unless I can get the AF waived.

Good rebuilder card though.

hth

[nursepower]

I received this offer too and accepted even though it was preapproval and got a wait message. They immediately hit me with 2 HP but no card. Not sure what happened.

[Anonymous]

Funny to read what offers everyone gets, I just got one today as well, 600 line to be doubled after 7 monthly payments. Annual fee however is 72$. Kinda pricey for fico credit score each month...

[Anonymous]

Hey, this is a great card to to exactly what you wanted!  It will give you a decent limit and a free score.  Nothing wrong with that.  It's a great rebuilding/starting card.  I had one too.  Congrats!  

[Anonymous]

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@taxi818 wrote:

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@LadyVee wrote:
Well the mixed feeling was that I have 2 capital one cards and a secured Discover it. I am wondering how prime lenders will view me with Merrick also this card has an $48 annual fee.

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Prime lenders could care less. They are only concerned with their card. Not if your card is prime or subprime.  Payment history trumps all. 

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Very true!  Had my Merrick when I was approved for Amex, BofA, Venture, etc.  Np.

[Anonymous]

I wonder if after one year would be possible to ask for reduction or waving AF?

[Anonymous]

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@Anonymous wrote:

I wonder if after one year would be possible to ask for reduction or waving AF?

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Merrick is known for refusing any and all cardholder requests.

[smitty1]

Had mine since 2006.  No annual fee, no monthly fees.  Credit line is 9,200- started at 1400.  They increase it whenever they feel like it.  Great card, to me, I'm keeping it....

[NichelleN]

Here's another vote for Merrick. It was good for me when I needed it most. I got the double your credit line offer. After making on time payments for 6 months, my credit line automatically doubled. I rarely use the card now but still have it. It was a great rebuilder card and is another account on my credit report with a perfect payment history.e

[Anonymous]

Merrick is wayyyy better than credit one. I will never forget credit one fiasco of trying to view the account online. I had to change my login/password every time!

The apr is high, but they report, and dont charge insane fees like first premier or credit one.

As a newbie, to me, it looks like you are on the right track. You are in with discover and capital one. And they do say you should have 3+ cards reporting.

This is just me, but if I were you I would pick one card, and use it for EVERYTHING. Pay that puppy off once a week if you can. Capital one has been so good to me. In 6 months from nothing to 3500, they have really been good to me.