By: tenra

I received a Merrick invitation back in 2006.I never applied for this and had very good credit.The APR was very low,can’t remember how low,but was a good APR. I didn’t believe much in credit cards (always paid cash) and there was no annual fee. I have paid this card off 4 times,totaling over 12,000.00. I have been an excellent customer, I can’t remember when they started charging annual fee of $80.00 and about three years they went to APR 22 %,then last year APR 25 %. I had not used the card in about a year, Against my better judgement,I used it again,called and asked them to decrease the APR, they said “No”, so I cancelled Merrick out and paid it off in full again ($1,985.26 as of May 2015.) The rep asked if I was sure I wanted to cancel out my card and I said ” Yes I do!”
I should of got rid of them along time ago. Over the years I did get Capital One and I still have a APR of 10.99 after all these years and have never had to pay an annual fee. So if anyone was to ask me, I would say “Look before you leap” with Merrick.