Merrick bank S**KS!!!! They state they never get your payment or you have to use a full screen computer to place your payment. You can pay them more than 3/4 of your payment due and they state you are still past due and charge you fees. They never get their bills out before the payments are due by 2 days. IF YOU GET A NOTICE FROM MERRICK BANK RUN, DON’T WALK. THEY CHARGE MONTHLY, YEARLY and any other fees they can get away with. I have written letters to the Board of Directors, the BBB and everyone else I can think of. AGAIN, RUN FROM THEM. THEY AREN’T EVEN LICENSED IN THE STATE OF NEW YORK DUE TO LEGAL ISSUES. THIS SHOULD BE ACROSS ALL 50 states!!!!
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By: Joan
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By: Honey Bunny
I feel the same way. I pay on my account on time each month and when I try to use it, its nothing there they take my payment back. I’m at the point off just hey don’t pay them.
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By: Dave
I fell a month behind due to a job change and nwo im locked from my online account. What kind of idiot disables an account login so you cant make a payment because you’re late? Obviously they do not want you to make your payments on time or even at all with these asnine practices. I have paid my balances in advance ever month and still somehow got a late fee for months in which I was caught up and prior to falling behind. Use capital one and stay away from merrick.
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By: HL
I concur with your review. I have had Merrick Bank’s Unsecured Visa card since 2007. I have never had any problem whatsoever. When my balances where high they even increased my credit limit. I pay on time online and through their App, in full and always keep my expenditures under 20% of my max credit. No magic, no frills, no points… Just a useful and standard card. I like it. It behaves just like all my other cards.
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By: Dennis
I have only had one of Merrrick’s cards for 3 months. It is an unsecured card with a $700 limit. I got caught up in corporate downsizing back in 09 and have been in a pay off everything mode since then, so I had no “new” credit in 5 years and hadn’t even had an auto payment in a couple years, so I responded to an offer from them just to get a new account on my credit report. I was a little slow on the draw in getting set up online and did miss the first due date by a couple days and ended up with the $35 fee, but have since paid them twice monthly online with no issues. I was trying to make a purchase over the phone last week and it kept declining even tho I had ample available credt. I got customer service on the phone and they stayed on with me til I got the company on 3 way and they adjusted whatever “profile” they had my spending set on to help reduce fraud and the transaction went thru, but they stayed on the phone til it did.
My only complaint is that the free score hasn’t updated yet this month and it is supposed to on the 14th.
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By: BJ
I’ve got a Merrick Bank VISA card and have very poor experience with this bank. I’ll start with the basics: I paid the balance in full, and by accident thanks to errors in an online billing system used with another bank, they sent an overpayment that drained my funds and left a large overpayment on my Merrick Bank VISA. After the payment posted, I was able to make a purchase, then I went to an ATM to take cash out as a cash advance since I need it for other things and my payment account was drained completely. Merrick Bank locked up my card and the only excuse I get when I call in is “payment hasn’t cleared yet”, and to speed it up you can fax in a confirmation from the paying bank. 6 business days later and I’ve both faxed that in and called them and no change, card is still froze up with a huge negative balance. I call the bank I made payment from and there’s nothing they can do, payment is cleared and out of that account. There’s no reversal they can do. Call Merrick Bank back, and the same routine applies. I still don’t have my funds and its been 10 regular days, 6-7 business days. I’ve never dealt with such an incompetent bank before and its criminal that they are allowed to withhold funds when someone has a situation like this. I won’t be able to make my rent payment if I don’t get some sort of cash advance soon. Be wary of this bank.
The customer service agents I’ve spoken with haven’t been rude, but they are ineffective at fixing the problem.
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By: buy posters at hot-posters.com
As a graduate student, my experience in these matters is necessarily limited, but I too have never heard of work-for-hire being invoked in cases of original scholarship. This is indeed a disheartening development–especially coming from a leading press like Oxford.
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By: Siong
Okay so I just received my Merrick Bank Credit Card on the 30th of December 2014. I started using it right away. I was wondering when will my due date be and how can I go as to make a payment? Is it a good idea to pay it off right away or to pay minimum payment?
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By: NS
I started with a Merrick card 3 years ago and have always paid on time. I’ve received multiple limit increases but ALWAYS in $200 increments. I think it is the most they do.
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By: Steve Vee
You haven’t met the worst credit card company yet. That would be first premier. I had a low 500 score when I started with them. They gave me a $600 credit line after a chap.7 bankruptcy. I have treated this bank like gold, paid them off every month, and they have rewarded me with several credit line increases. I’m now up to $2000 credit limit.
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By: Robert
Be careful paying bal off in full. They WONT release the funds for 10 days. WHAT GOOD IS “THAT”?
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By: Robert
Exactly what happened to me
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By: Robert
Im NOT surprised
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By: Robert
This is EXACTLY what happened to me. And i paid it off THINKING i could use it the next day… WRONG!
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By: Robert
Keep speading the word. I surely am
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By: bz
Do you know if Merrick Bank pulls your credit report in order to approve you for the secured card? I just applied with Capital One and was declined due to “missing/invalid” credit score and “insufficient/unknown credit history” pulled from TransUnion. I don’t understand how you get declined for a secured card when you are funding your credit limit via a security deposit. I’m just trying to establish good credit history. Some make the process so difficult. @Keith: Thank you so much for the information, extremely helpful.
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By: Erica Scott
I concur. Never missed a payment, have being paying on time and have received at least 3 credit line increases. Thus fsr I’ve only had good experiences as a cardholder for over a year now.
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By: Dawn
I have the merrick bank app and dona bank transfer for my monthly payment and my funds are always available 2-3 business days after my payment.
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By: jsj
Never a good idea to pay minimum. But, call and negotiate the payment. You don’t get the use of your money till it clears, and personal checks up to 10 days. Best way to pay is online out of their website wired directly from your bank account. If your gonna do minimum, you’ll be paying a lot more for their credit, and obviously you got the card because your credit was poor. How much dues do you want to pay on the road to better credit. if you do minimum, set up autopay from your bank account to the card, so your payments are at least regular and dependable, so you get mor credit down the line. good luck. jimmyjiong the money man.
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By: M. Stanley
Thank you for this. I just accepted a no hidden fee offer. As soon as I get the card I will be calling to inquire about this. I am also seeking to rebuild credit after a bankruptcy in 2005. To me… charging an annual fee after the first year is a hidden fee. To me that is false advertisement and I will immediately close this account. Don’t intend to ever charge over 100 dollars.
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