"UNDER REVIEW 7-10 DAYS"
Hooters MasterCard Review
Written by: mehlani on 2008-02-06
Overall Satisfaction
Customer Service
Rewards
Account Management
Delivery Time
mehlani's review: 
Not sure if I got approved yet. Seems like some people here got instant answers? I do have a Merrick Bank Visa already and was going to do a review on it but for some reason it's not listed on this website. Anyways, being that the Hooters Card is from the same bank, what I can say about Merrick from my 4 year experience so far is that out of all my cards, this one is THE HIGHEST INTEREST RATE of them all. Yes my interest rate is actually at or near 30%. They do not take late payments lightly. One late payment and they do jack up the interest on you. That's on top of their millions of fees. But I do have to say that when my credit was just awful 5 years back, they had no problem approving me and this is one card that I have a long history with so I hesitate to close it since it looks good on my credit. Credit Limit Increases are decent. They do regularly review and I got $200-$300 increases here and there. Although the interest rates are high, as long as you don't make huge purchases on it and use it just for building credit, I would totally recommend it. That's exactly what I plan to use the Hooter card for as well... If I get approved :) I'll let you all know in a week!
Not sure if I got approved yet. Seems like some people here got instant answers? I do have a Merrick Bank Visa already and was going to do a review on it but for some reason it's not listed on this website. Anyways, being that the Hooters Card is from the same bank, what I can say about Merrick from my 4 year experience so far is that out of all my cards, this one is THE HIGHEST INTEREST RATE of them all. Yes my interest rate is actually at or near 30%. They do not take late payments lightly. One late payment and they do jack up the interest on you. That's on top of their millions of fees. But I do have to say that when my credit was just awful 5 years back, they had no problem approving me and this is one card that I have a long history with so I hesitate to close it since it looks good on my credit. Credit Limit Increases are decent. They do regularly review and I got $200-$300 increases here and there. Although the interest rates are high, as long as you don't make huge purchases on it and use it just for building credit, I would totally recommend it. That's exactly what I plan to use the Hooter card for as well... If I get approved :) I'll let you all know in a week!
6 Comments
Comment 1 by defserv
:) 
on 2008-02-06
I received the same 7-10 day message and was approved... And I know that a lot of others we're approved with the same message... So your chances are good. I received $750 cl from them, I hope you get a decent one as well. Good luck!
on 2008-02-06 I received the same 7-10 day message and was approved... And I know that a lot of others we're approved with the same message... So your chances are good. I received $750 cl from them, I hope you get a decent one as well. Good luck!
Comment 2 by hjm331
Don't Worry on 2008-02-06
Mehlani, I also applied for this card and got approved for it. They asked for my Social Security card but I didn't give it to them. They needed it for verification but I didn't feel comfortable with giving them my SS card.
I haven't seen too many people get denied for this card. The worst scenario I've seen is someone get approved with bad credit, but get hit with a high interest rate. This can be easily avoided by putting small charges on this card and paying it off monthly or before interest kicks in.
on 2008-02-06 Mehlani, I also applied for this card and got approved for it. They asked for my Social Security card but I didn't give it to them. They needed it for verification but I didn't feel comfortable with giving them my SS card.I haven't seen too many people get denied for this card. The worst scenario I've seen is someone get approved with bad credit, but get hit with a high interest rate. This can be easily avoided by putting small charges on this card and paying it off monthly or before interest kicks in.
Comment 3 by porgy1000
Merrick Bank on 2008-02-07
They approved me for this card too. But then again, I know the president of the bank. I used to take his bicycle away from him and make him cry when we where 6 years old LOL.
Now if he raises my interest rate I will have to go back to NY and take his bicycle away again hehehehhehe
on 2008-02-07 They approved me for this card too. But then again, I know the president of the bank. I used to take his bicycle away from him and make him cry when we where 6 years old LOL.Now if he raises my interest rate I will have to go back to NY and take his bicycle away again hehehehhehe
Comment 4 by mehlani
Porgy: on 2008-02-07
No way! In that case, please tell him that I think my Merrick Bank Visa card is ugly. It's been the same old blue pinstriped card for the past 4 years... And I've had it! If it was prettier I'd use it more. (Oh and a lower interest rate wouldn't hurt either!) hahaha
on 2008-02-07 No way! In that case, please tell him that I think my Merrick Bank Visa card is ugly. It's been the same old blue pinstriped card for the past 4 years... And I've had it! If it was prettier I'd use it more. (Oh and a lower interest rate wouldn't hurt either!) hahaha
Comment 5 by porgy1000
Blue Card on 2008-02-07
Dont complain LOL, When I had a regular Merrick Visa years ago, it was PUKE green. I think anything was better then the old puke green. If you would like I will go take his bicycle from him on my next trip to NY LOL. I still owe him for feeding my dog ex-lax 40 years ago LOL.
I guess he was an odd one. He divorced his wife and married a man LOL ok, nuff said about him. Know what? I don't miss living in NY at all LOL
on 2008-02-07 Dont complain LOL, When I had a regular Merrick Visa years ago, it was PUKE green. I think anything was better then the old puke green. If you would like I will go take his bicycle from him on my next trip to NY LOL. I still owe him for feeding my dog ex-lax 40 years ago LOL. I guess he was an odd one. He divorced his wife and married a man LOL ok, nuff said about him. Know what? I don't miss living in NY at all LOL
Comment 6 by casey
Interest Rate on 2008-02-07
Yeah, I have the Merrick Visa too, it is the highest interest rate of all my cards, 24%, I do use it, but never carry a balance on it, CLI have been OK, ususally $300, but I just hit 6 months on it, and I didn't get anything this time, still at $1350.
Slightly better interest rate on Hooters, 19%, but limit only $500, and no increases yet, I've only used it twice, wrote 2 convenience checks, paid them back already, those were only a 2% transaction fee, which I thought was decent... This is definitely the better of the 2 cards I have with them, just wish the limit was better for overall utilization...
on 2008-02-07 Yeah, I have the Merrick Visa too, it is the highest interest rate of all my cards, 24%, I do use it, but never carry a balance on it, CLI have been OK, ususally $300, but I just hit 6 months on it, and I didn't get anything this time, still at $1350.Slightly better interest rate on Hooters, 19%, but limit only $500, and no increases yet, I've only used it twice, wrote 2 convenience checks, paid them back already, those were only a 2% transaction fee, which I thought was decent... This is definitely the better of the 2 cards I have with them, just wish the limit was better for overall utilization...
Please login or register for free to view your stats, add reviews and card application results, or post comments.
Credit card reviews and comments are posted by user submission and do not warrant the opinions of Finance Globe.
Disclaimer: This content is not provided by Merrick Bank. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Merrick Bank. Review content is powered by Finance Globe.
Disclaimer: This content is not provided by Merrick Bank. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Merrick Bank. Review content is powered by Finance Globe.
