Pay your bill on time….. I pay my balance in full every month!!!!! They have raised my credit ASAP
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By: ALEX LOPEZ
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By: Cricket0219
Avoid this Scam at all cost ! Payments mailed 23 days in advance are held by Merrick long enough to ensure youre are slammed with a late fee of 37.00. Payments sent by overnight FedEX ( again 3 weeks before its due date) and signed for by the front desk in Dallas are also held until exactly one day after your due date to ensure you are charged the 37.00 late fee. If you attempt to pay your balance in full, once again the check is held to ensure they get you for 37.00 in late fees. The only reason not to close your account is that sooner or later Merrick will get sued by a customer, As long as you are a cardholder you may share in the settlement money.
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By: Beewdee
This company does not accept debit card payments from a bank account?
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By: EdInFL
I’ve had this card for a little over 3 years and have not had any problems at all. It actually did improve my credit score and allowed me to receive offers from major banks. The problem I have with Merrick is the interest rate and the annual fee ($72), neither of which they will negotiate. They flatly refused to waive my annual fee after 3 years of on time payments, never late. My FICO is now up to 690 and they flatly refused to lower my interest rate. Now I simply use the card to keep my credit utilization low. I don’t use the card at all and have a $2000 limit so that works in my favor to keep credit utilization low. The card is good if you’re trying to rebuild credit but once you do, get rid of it or use it like I do. I will say that it’s not a good idea to cancel a credit card. It will cause your credit utilization to increase and your credit score will decrease. If you can justify paying the annual fee, it’s better to keep it and not use it.
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By: WhoGonChequeMeBoo
Your bank made the mistake not Merrick! You people are crazy complaining blame your bank pavement system not Merrick for their policy you are privy of prior to using the card what a joke
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By: RT Gray
Hello Joan, and anyone who has had a bad experience with Merrick Bank Credit Cards. I would like to know if anyone knows of a class action suit being brought Merrick for their practices of payment and late payment charges?
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By: Rawl
I have a Merrick Bank credit card and I haven’t had any problems. Their customer service representatives have been nice and very helpful. They also recently increased my credit limit. So for me it’s been great in helping me rebuild my credit. I pay my bill on time and I don’t have any problems.
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By: Katherine
He clearly states his bank closed and opened a new account which he paid from. How is that his fault?
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By: donna joyce
Stay away! I am so disgusted with their taking advantage of customers trying to build their credit (like me). Over 25% APR folks…. they’ll get you!
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By: Unhappy in KY
I have had a card for 12+ years, never late, always paying well over minimum payments and my credit line went from $300. to over $5,000. Sounds great right? I thought I successfully paid on line my payment due mid last month (about 16 days ago) , found out I did not about 1130PM last evening so I went on line and paid more than double the minimum payment. Sounds reasonable right to keep me in good standing? I called today when they were open and got someone that seemed very please to tell me my account would be reported as over 30 days late! Now in the past 15 years with many accounts showing as paid as agreed and none showing as ever late and after re-establishing my credit I will have a 30 day late showing on my 3 credit bureaus. I asked the cheerful rep I was speaking to if I could speak to a supervisor, she put me on 2 long holds then into a voice mail and so far no returned call. Does this sound like a decent company’s response to a long time customer that you would think might even get a little respect. Lesson here RUN AS SOON AS YOU PAY YOUR DUES… the source that could help you will also happily damage you.
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By: ALEX LOPEZ
Pay your bill on time….. I pay my balance in full every month!!!!! They have raised my credit ASAP
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By: Cricket0219
Avoid this Scam at all cost ! Payments mailed 23 days in advance are held by Merrick long enough to ensure youre are slammed with a late fee of 37.00. Payments sent by overnight FedEX ( again 3 weeks before its due date) and signed for by the front desk in Dallas are also held until exactly one day after your due date to ensure you are charged the 37.00 late fee. If you attempt to pay your balance in full, once again the check is held to ensure they get you for 37.00 in late fees. The only reason not to close your account is that sooner or later Merrick will get sued by a customer, As long as you are a cardholder you may share in the settlement money.
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By: Beewdee
This company does not accept debit card payments from a bank account?
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By: EdInFL
I’ve had this card for a little over 3 years and have not had any problems at all. It actually did improve my credit score and allowed me to receive offers from major banks. The problem I have with Merrick is the interest rate and the annual fee ($72), neither of which they will negotiate. They flatly refused to waive my annual fee after 3 years of on time payments, never late. My FICO is now up to 690 and they flatly refused to lower my interest rate. Now I simply use the card to keep my credit utilization low. I don’t use the card at all and have a $2000 limit so that works in my favor to keep credit utilization low. The card is good if you’re trying to rebuild credit but once you do, get rid of it or use it like I do. I will say that it’s not a good idea to cancel a credit card. It will cause your credit utilization to increase and your credit score will decrease. If you can justify paying the annual fee, it’s better to keep it and not use it.
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By: B Miller
I do not like this credit card company. They do not take payments from debit cards, they only take payment via ACH. What I find really irritating is that it takes them up to 10 days to process the payment! Why does it take so long? I’m fortunate that my complaint is in regards to it taking forever to free up a line of credit. But this shady practice could easily be used as a revenue generator to get late fees out of people. 10 days to process a payment is unacceptable. My next gripe is the interest rate. This is a predatory company for sure. The interest they charge me is at over 25% ! That was a penalty rate for missing your payment more than once with the real companies like Amex, Visa and MC. That’s standard with Merrick. These cards are really only good for rebuilding your credit and emergency use, nothing else.
Low Credit line, Ridiculous interest rate, slow payment process designed to generate late fees. That’s what you get when you mess your credit up like we all did. Otherwise none of us would even consider this card…
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By: gotrobbed
Do not under any circumstances do business with this fraudulent bait and switch company. You are better off going to a loan shark. Their claims of improving your credit score is false. Having this card labels you as a poor credit consumer.
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By: Name that Credit Card
This credit card is fine. My Dept. Store cards have high interest rates. The Merrick CC bill came on Saturday August 27 – due date Sept. 14. I made a payment on Saturday – that payment was taken out of our checking account today August 30, 2016. This card is like all the rest, follow the rules, make your payments and remember one way or another every bank and Credit Union will get you – unless you follow the rules. This card is Unsecured.
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By: Name that Credit Card
Are you new to the credit card industry? They all work like that – they have a cut-off-time. Yes, they call it 30 days late after that. Learn everything you can about due dates and cut off times for payments. This card has a high interest – but this not rocket science. Our AMEX wanted $375.00 a year for membership. So put on a happy face – it will all be fine.
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By: Name that Credit Card
Who told this? Need more info. on this statement! I need more proof on this. Thank You.
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By: falkenbbs@gmail.com
I do follow the rules. That’s excellent that your bill you got on the 27th and paid on the 27th was credited on the 30th. This has not been my experience at all, they take forever and a day to process the payment on my account. I don’t know why, I paid it off and I’m not going to use it anyway, I’ll close it down before the annual re-bill.
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