Like all other banks Merrick Bank also has a credit limit that it provides its customers. It is the maximum amount of money that Merrick Bank offers the customers to spend on a single credit card.
To answer how often Merrick Bank offers to increase the credit limit of its credit card, we must understand the factors that mostly influence the credit limit.
Factors influencing Merrick Bank Credit Limit:
There are various factors that affect the credit limit of Merrick Bank. The type of credit card issued by Merrick Bank; the Secured Visa has its own credit limit and if you respond to the Platinum Visa offer then the limit will be changed. If the income you have shown is sufficient and you can afford to pay back the bills then it will affect the credit limit.
Merrick Bank Credit Limit increase after one year:
At the end of every year Merrick Bank reviews all accounts but during the whole year a regular check is done and if the card holder has been punctual in payments then the bank considers increasing the credit limit.
What if you don’t abide by the rules after your credit limit has increased? The bank has the right to decrease or reverse the credit limit. So make sure that you try to maintain the good reputation for yourself in order to avail the opportunity of increased credit limit.