I've had this card for a year and a half after getting sick and screwing up my credit, and its just fine. I was initially approved for $900 CL with low 500's. Merrick gave me my increase two payments early, and two more in the last six months, bringing me to $2400 and into the mid 600's. My score has gone up enough to replace two fee'd starter cards with an unsecured Capital One Platinum, as well as an Amex Gold that I use as a glorified FICO-reporting debit card. I don't know why there are so many negative reviews, because they TELL YOU when you're on the payment page HOW MANY DAYS your payment takes to post. Also, on the back of your paper statments statments/on your PDFs, it clearly says that if your payment due date is inconvenient, you can call and have it adjusted. A couple of other reviews here said that they were charged "monthly fees", but I just double-checked legit all my statements, and have only been charged my yearly fee...well, yearly. But here's a hot tip: if you want your payment to post the same day instead of waiting three to six, it's $4, soooo that sounds like that's what's going on for those people. The one time I called customer service, I only waited one whole minute for a nice midwestern lady to reset my login password and hand-hold me over the phone until I was logged back in. All-in-all,if you're a risky cardholder, the higher APR, zero perks and yearly fee *really* aren't that terrible to bump your score significantly and show that you can have big-kid cards (again). If you have even just *GOOD* over FAIR credit, this is not the card for you. Oh, and they just updated the app in Spring 2018: it doesn't looke like 1997 anymore, making it easier to pay and review your statments via smartphone.
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I keep this card in my sock drawer. It’s not a great card, but it’s decent if you have bad credit. I applied with scores in the mid 600’s after getting a preapproval notice in the mail. I liked that they doubled the score after 6 months. I put a few bucks on it a month to keep it active. I mainly have it to lower my overall utilization. That’s about all this card is good for. I’ve heard lots of horror stories about Merrick but haven’t had any issues with them. They’re owned by Credit One, from what I understand, and I also have a card with Credit One. That may be why I got the letter for this card. Both are known to be pretty awful lenders, but I haven’t had any issues yet. If they were to close my account without warning I’m not sure I’d be as angry as some of the other reviewers seem to be. Is this card worth having? Not really, but if you have fair credit it’s one of the better options out there for you.
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