I have read a lot of bad mouthing of Merrick and maybe my time just hasn’t come yet but I too have less than desirable credit when I got my card offer … It was for $1,000. I took them up. That was Jan 2013. Here’s what I did:
1. Elected in Auto Pay Minimum
2. Paid off WHEN I COULD at random times; some months, just the minimum others ½ others all
3. I only have contacted them when absolutely necessary; ie., I’d call company I was about to dispute first and if I couldn’t reach a resolution I’d call an explain that … in most cases the ‘charging company’ would issue refund but when I needed them, Merrick handled it.
4. I HAVE NEVER ONCE EVER BEEN LATE!!!! EVER … Not even a MINUTE LATE on at least the MINIMUM and with the damage my EX did to my credit it was amazing I got a card at all.
Someone mentioned early they suspect the $200.00 increase is all they can give at a time and I think they are right and they tend to give it like every 4 to 5 months or so. Anyway, my $1,000 is not $2,000.
I also periodically send them “extra cash” to pay it off and sometimes keep them paid off for 2-3 months at a time.
Do I like them? Love/Hate I guess you could say. I have never had a complaint against them and the fact that I have $2,000 I like. But they offer no benefits like say my Capital One Credit Card that I use for paying my Cell Phone Bill and any Car rentals (because they provide same insurance AT NO EXTRA COST as the Rental companies (Hertz, Avis, National). BUT, Capital One has not increased my credit with them hardly at all and I pay them off EVERY MONTH …
Me