To Merrick or not to Merrick? That is the question...

[Anonymous]

Just received a pre-approval for Merrick $600 Double Your Line, but I thinkI should pass, as it has a high APR than other offers & an AF of $72. I’ve heard of the offers getting better the longer you hold out, all the way to $1250 SL with no AF. Thoughts?

[padme]

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Hmmm, based on ur cards, you dont need one of those, besides the AF, what would you gain? a measley 1k limit>?

[Anonymous]

I’m only an AU on the Costco & Sams Club cards, & my Cap1 P is restricted... so if I were to get the $1250 SL/ no AF I would probably bite, but my scores just jumped into the 620 zone & should be closer to 640 at the start of the month once my CRs show my balances at $0 on my other cards, so I’m hoping I will be closer to getting some pre-quals for some big boy cards soon... =/

[padme]

At this point, if i were you, i would just try for prime cards, maybe a SCT type one also. Just use the prequal sites for the banks. Discover seems friendly lately.

[Remedios]

If you expect some kind of score jump, I'd wait till that happens.
Check prequal pages and see if anything new shows up at that time.

[TheBoondocks]

What's a Merrick lol?

[Pikaboo-icu]

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@TheBoondocks wrote:
What's a Merrick lol?

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Merrick Bank offers a subprime rebuilder card..

It's better than some of the predatory cards out there.. 

[3se7ens]

I say go for it. I did and started with a $700 CL, and at exactly 7 mo. they increased it to $1400.
Recently at 11 mo. I received another CLI , and now it stands at $1600. Now that is actually
better than what I experienced with Discover. Oh and there's no annual fee.   Good luck.

[Anonymous]

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@3se7ens wrote:

I say go for it. I did and started with a $700 CL, and at exactly 7 mo. they increased it to $1400.
Recently at 11 mo. I received another CLI , and now it stands at $1600. Now that is actually
better than what I experienced with Discover. Oh and there's no annual fee.   Good luck.

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See, the offer I got has a $72 AF. If I do pull the trigger I would wait until I received a no AF offer...

[3se7ens]

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@Anonymous wrote:

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@3se7ens wrote:

I say go for it. I did and started with a $700 CL, and at exactly 7 mo. they increased it to $1400.
Recently at 11 mo. I received another CLI , and now it stands at $1600. Now that is actually
better than what I experienced with Discover. Oh and there's no annual fee.   Good luck.

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See, the offer I got has a $72 AF. If I do pull the trigger I would wait until I received a no AF offer...

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$72 AF?? Ouch! You're right, definitely wait for a better offer.