My husband and I went through Chapter 7 bankruptcy April 2012 (unemployment, combined with medical bills, no health insurance). He got a Capitol One CC a month after and I received a Merrick Bank CC two months ago. I would never carry a balance on the Merrick CC due to high interest rates, but I use it for small purchases and then pay in full at the end of each week. We are only using credit cards to get our FICO up and in the event we have a work seminar to attend and have to do carry expenses for hotel/airfare until we get reimbursed from company a couple weeks later. As soon as our FICO is our high enough to get better cards with a lower interest rate, we will dump the Merrick credit card. I am grateful that Merrick issued me this card but wary about carrying a balance. If you read fine print on agreement you will see that this is not actually a real credit card and if you get your number stolen, you could be liable for fraudulent charges.
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