I’ve had my Merrick card for about 8yrs now. I filed a chapter 7 due to debt I found for myself while working on my BA. I started with about 500 I think, and now its at 3300.00. I did have a new fee billed at 4.00 a month for 12 months. I used the card for what it said it would do, rebuild credit. I now have a Amex and Discover and I just got a Chase card…I am soooo aware of how credit works now!! I haven’t cancelled the Merrick yet, but the Chase is going to replace it, not everyone takes amex or discover. I’m cancelling because the card has no rewards for the 48 bucks I pay every year and that’s usually the only activity on the card. The only reason I still have it open is because I’ve had it so long that its the oldest thing on my report and I don’t want it to impact my score. The customer service isn’t the best and I find my self spending to much time trying to figure out what they’re saying.
My advice, use it for what’s its for, build your credit and get rid of it….learn to beat the CC companies at their own game!!
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By: DELTA SKYMILES AMEX
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