Jennifer,
I’m so glad that I decided to look into Merrick Bank’s business dealings. It’s comments like yours that leave me with only one conclusion…AVOID MERRICK BANK’S credit card offers at all costs. Yes, I need to clean up my credit rating and it sounds to me that it’s folks like me they are trolling for. The letter I received from Merrick Bank today says in big bold letters…
No Annual Fee
No Account Set-up Fee
No Monthly Service Fee
No Penalty Rates
No Over Limit Fee
But on the other side of the ‘invitation’ it clearly states, “The Cardholder Agreement also permits Merrick Bank to make changes to the Terms and Conditions of the Account after the Account is opened.” So, there it is. Thank you for taking the time to express your experience with us.