First Pre-approval!

[JimBo99]

Its only a Merrick card.  BUT.....  No AF or any other fees.  And it goes from $750 to 1500 after 7 months of on time payments.  Thinking about jumping on it and closing a couple of fee cards (credit one, 1st prem, etc) esp after the CLI.  Anyone have any neg experience with Merrick?   Sound like a good plan?

[Anonymous]

Congrats on the pre-approval!!

You're on the right track. I vote keep doing what you're doing. Don't app for Merrick better cards are weeks away.

[Anonymous]

I got the same one a few days ago. Went ahead and applied and was declined. I noticed that the preapproval was dated 8/1 and I got the letter last week.

[RobertEG]

Did the pre-approval offer include a statement that it is being made as a result of a listing obtained from a CRA?

If so, it is a "firm offer for credit" as defined under the FCRA.

All "pre-approvals" are not the same.......

[susieqj]

I got the same offer, applied an d was approved. I like it so far and the customer service is good. They have an which is easier to keep track of payment. 

[Anonymous]

How long have you had your fee cards now? Has it been at least six months. Do you have any other types of loans on your CR. Sometimes that can make a difference too. With the scores that you have,  you might stand a chance at getting a couple of Synchrony cards. I know that Walmart and Paypal Extras are two easy cards to get with low 600's scores.

[Anonymous]

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@JimBo99 wrote:

Its only a Merrick card.  BUT.....  No AF or any other fees.  And it goes from $750 to 1500 after 7 months of on time payments.  Thinking about jumping on it and closing a couple of fee cards (credit one, 1st prem, etc) esp after the CLI.  Anyone have any neg experience with Merrick?   Sound like a good plan?

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Jump on it. Get rid of those FEE cards as soon as you can.