Merrick Bank "Pre-Approval" - Any Success Stories?

[jbh]

Interesting. Makes me wonder if I will be approved. I have to type in my activation # and fill out a small app. I'm just so tired of denails. TY for the reply.

[Creditaddict]

I would guess yes. I think i got the pre-approval within 2 months of bk discharge and was approved for the max on the pre-approval, $750, then 1000, then 1250, then 1500, then 1750. i think that's what i had when i closed it.

[jbh]

Makes sense. I am just sensitive to having that 3rd ca. It has led to nonstop issues with all tu/exp pulls. I'll give it a shot, because the last tu pull was July and then May before that.

[Anonymous]

Ooooh, I see what you mean. Sorry, I totally misunderstood. Hooters is by Merrick bank though, that's why I was comparing them. You think you'll get approved for this card but not for Hooters? I don't know, maybe this has different eligibility criteria??

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jbh wrote:
Hey,

Sorry for not being clear.

The 5 year rule (as you know) would be used to pay off old ca's that I am waiting to hit their 5 year anniversary. And any limit over $500 (my high is $300, bleh) would help me do quick payments for things like quills or staples where I build tradelines. Theoretically, I could use my cash and business checking but having extra limits to pay other expenses SAVES me that money upfront to build that D&B file.

It's just that extra cushion, that's all. This is why I don't need a $3k limit but I MUST have a real cc over $500. I'm thinking of biting the bullet. As for Hooters, I assumed I would be denied instantly with 3 ca's, to be quite honest.

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[Anonymous]

Try googling, it does seem that a few years back this card was not so bad and decent at CLI, but now, not so much. Maybe there was a merger or something that caused things to change? That would also coincide with Creditaddicts experience.

I see where you are coming from, I just don't want you to end up with a total crap card.

[jbh]

And I DO appreciate that. Since I have to be realistic until May (when all 3 ca's fall off) I am ok with $750. I just noticed that Hooters seemed to put the kabosh on all high initial limit approvals so I figure a safe 750 with fees > a maybe $500 limit with my 648 fico and 3 ca's.

Though it'd be funny as all hell to have a Hooter's card. I WOULD use it at a fancy restaurant just for the yucks.

[Anonymous]

Well, good luck if you pull the trigger tonight!

Hooters used to be more generous, too, but lately they seem to be handing out a lot of $500 CL.

I am half tempted to send you my BF's Hooters card just to let you pull that off in a nice restaurant. That would be so darn funny.  He keeps the activation sticker across the top he's so embarassed! Hehe. It's embarassing enough that it shows up on his credit report. Though, I suppose that's better than say, "Bunny Ranch" haha.

Message Edited by UpUpUp on 09-18-2008 08:22 PM

[jbh]

Denied

i'll NEVER get a card. Ever. Can't wait for JFCU/Alliant to also turn me down. So aggravated. Every 'credit pull/give me credit' result I saw seemed to lead to approval. I hate these gd companies. I give up. My GF with a 771 eq but no history can't get a card but an 18 year old can. I have a 682 EQ with just one ca and people with bk's get approved with Penfed.

It's just pathetic. What the hell is the point? How is there not one gd card over $500 for me to get? I'm so angry right now.

[jbh]

Also noticed they got my middle initial wrong. All reports either had a bogus address or bad name/middle initial. So they probably thought I was somebody else.

[Anonymous]

Aw, man, I'm sorry!  I totally feel your frustration. Have you tried BofA? I know you wanted more than $500CL, but they would probably decline you and possibly offer the $99/500 card.  It's better than paying a fee, because atleast you get your $99 back after it graduates. Most graduate from 9-12 months and they typically bump your limit when that happens, too.

Chin up, you'll get there. I promise!

Goonies never day die!

(Sorry, I so love that movie - even to this day and it's such a good line.)

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jbh wrote:
Denied

i'll NEVER get a card. Ever. Can't wait for JFCU/Alliant to also turn me down. So aggravated. Every 'credit pull/give me credit' result I saw seemed to lead to approval. I hate these gd companies. I give up. My GF with a 771 eq but no history can't get a card but an 18 year old can. I have a 682 EQ with just one ca and people with bk's get approved with Penfed.

It's just pathetic. What the hell is the point? How is there not one gd card over $500 for me to get? I'm so angry right now.

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