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Just received a pre-approved application for a Merrick Bank Visa Card.
What is everyone's experience with Merrick Bank.
@lazerz69 wrote:Just received a pre-approved application for a Merrick Bank Visa Card.
What is everyone's experience with Merrick Bank.
From what i've heard about them they're pretty much on Cap1 level (not prime). If you have other options I would go there.
LS2982, Thank you for the response.
Whereis750, Thank you for the response.
How long did it take to obtain the CLI.
Also, how is their customer service.
Cain, Thanks for the response. Those are the questions I have been asking. I am not yet ready for a prime card. I posted a recon question the other day hoping I might be able to recon a prime card. Becasue of my SL I am still not confident enough to try for prime. This card has a higher CL than my two other cards. I thought the card may be good for utilization. I do not think that I really need the card. I currently have four good cards to use for rebuilding.
@lazerz69 wrote:Cain, Thanks for the response. Those are the questions I have been asking. I am not yet ready for a prime card. I posted a recon question the other day hoping I might be able to recon a prime card. Becasue of my SL I am still not confident enough to try for prime. This card has a higher CL than my two other cards. I thought the card may be good for utilization. I do not think that I really need the card. I currently have four good cards to use for rebuilding.
I had a Merrick card for several years, and never had any problems with it. The CL started at $1000, and over about a 5-6 year period the CL was auto-increased to $3600. Nothing special about it, but for credit rebuilding you could do much worse. The only real issue I had with it is that the annual fee is billed monthly (I don't like that) - I think mine was $36/yr, so I always had that $3/month charge show up even after I paid off the balance in full for the month.
If you've already got 4 decent rebuilding cards, you probably don't need the Merrick card.