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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