GOOD! Merrick Bank helped me to rebuild my credit after the financial turmoil of 2007-08. Until then, I had a Visa from a well-known bank with a $12,000 limit. From 2010 to 2012, all I had was a card with a $1,100 limit from a different major bank. Then Merrick’s offer came in the mail for an unsecured card with a $750 limit. I got the card. After about six months of paying the balance each month, they increased my credit to $1,500. In that mail at that time, I would receive offers for secured cards! Merrick increased my limit to $2,100. Merrick gives you free access to view your FICO score. I’ve watched mine go up from around 600 to 827! In 2014, I received a rewards Visa from a major federal credit union with a $3,400 limit. I stopped using the non-rewards Merrick Visa and the non-rewards $1,100 Visa. In 2015, one of the two big banks that started charge cards issued a rewards card to me that paid $100 cash for spending $500 in the first 90 days. Then I got a rewards American Express charge card. I pay everything off each month, just like prior to the financial crisis. I am living a mostly subsistence lifestyle, and have been unemployed since 2007. You don’t need high income to have a credit score of 827 or great cards. Merrick Bank has helped me to climb out of a big hole.
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