Merrick has a policy of putting a hold on payments from 5 to 11 days. I made a 500 payment online which had cleared and been processed by my bank. When I tried to use the card to purchase an item 3 days later the card was denied….when i inquired why credit card balance online and via phone shows my 500 payment being applied but not available they explained their payment hold wait period. Never have I heard of such a policy with any other credit card company….I immediately cancelled this card…
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