I do not like this credit card company. They do not take payments from debit cards, they only take payment via ACH. What I find really irritating is that it takes them up to 10 days to process the payment! Why does it take so long? I’m fortunate that my complaint is in regards to it taking forever to free up a line of credit. But this shady practice could easily be used as a revenue generator to get late fees out of people. 10 days to process a payment is unacceptable. My next gripe is the interest rate. This is a predatory company for sure. The interest they charge me is at over 25% ! That was a penalty rate for missing your payment more than once with the real companies like Amex, Visa and MC. That’s standard with Merrick. These cards are really only good for rebuilding your credit and emergency use, nothing else.
Low Credit line, Ridiculous interest rate, slow payment process designed to generate late fees. That’s what you get when you mess your credit up like we all did. Otherwise none of us would even consider this card…