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MERRILL+® Card Review
Issued by FIA Card Services
  
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Overall Rating:
Benefit Rating:
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The MERRILL+® Card, issued by FIA Card Services, N.A., is designed for those with very good credit who plan to take advantage of the reward program offered through Merrill Lynch.
Through the reward program, cardholders earn one point for every dollar spent on all purchases and double points when purchasing a Merrill Cruise. There is no limit to the number of points that may be earned, and points expire in five years. Points are redeemable for air travel, car rentals, hotel stays, merchandise, gift certificates, special experiences, and more.
In addition to the reward program, the card also provides many cardholder benefits such as up to $1,000,000 in travel accident insurance, auto rental insurance, extended warranties for purchases, and various travel and emergency assistance services. A unique feature of this card is that cardholders will receive additional benefits and services when they reach certain levels with their annual spending on purchases.
The card has no annual fee and offers the same reasonable and fixed interest rate for both purchases and cash advances. There is also a low introductory rate for balance transfers and cash advance checks for twelve months.
Therefore, those who may occasionally carry a balance (due to the very low interest rate) and plan to take advantage of the reward program will benefit most from what the MERRILL+® Card has to offer.
Through the reward program, cardholders earn one point for every dollar spent on all purchases and double points when purchasing a Merrill Cruise. There is no limit to the number of points that may be earned, and points expire in five years. Points are redeemable for air travel, car rentals, hotel stays, merchandise, gift certificates, special experiences, and more.
In addition to the reward program, the card also provides many cardholder benefits such as up to $1,000,000 in travel accident insurance, auto rental insurance, extended warranties for purchases, and various travel and emergency assistance services. A unique feature of this card is that cardholders will receive additional benefits and services when they reach certain levels with their annual spending on purchases.
The card has no annual fee and offers the same reasonable and fixed interest rate for both purchases and cash advances. There is also a low introductory rate for balance transfers and cash advance checks for twelve months.
Therefore, those who may occasionally carry a balance (due to the very low interest rate) and plan to take advantage of the reward program will benefit most from what the MERRILL+® Card has to offer.
Review Date: September 22, 2008
Note: The review on this card was updated on September 22, 2008. The review is believed to be accurate during the update, however, information posted may have changed since the update. We strongly suggest that you carefully read the Terms and Conditions statement that accompanies the credit card application.
| Credit Card Rate Details | |
Intro Rate (Intro APR):
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1.9% APR for 12 Months |
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Intro Applied Towards:
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Balance Transfers |
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Additional Intro Details:
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The introductory rate is also available for cash advance checks. |
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Purchase APR:
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9.99% (Fixed) The APR for purchases is based on the Prime Rate. |
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Cash APR:
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9.99% (Fixed) The APR for cash advances is based on the Prime Rate. There is a minimum APR on cash advances. |
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Finance Configuration:
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Average Daily Balance (including new purchases) |
| Credit Card Fee Details | |
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Annual Fee:
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$0 |
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Additional Cardholders:
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$0 |
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Grace Period:
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25 Days (Min.) |
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Late Payment Fee:
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$15 on balances up to $100; $29 on balances over $100 up to $1,000; $39 on balances over $1,000 |
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Over the Limit Fee:
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$15 on balances up to $500; $29 on balances over $500 up to $1,000; $39 on balances over $1,000 |
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Cash Advance Fee:
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3%, $10 minimum, $75 maximum |
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Balance Transfer Fee:
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3%, $10 minimum, $75 maximum |
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Maximum Credit Limit:
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$250,000 |
| Credit Card Reward Program Details (Point) | |
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Points Per Dollar:
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1 Point |
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Additional Points:
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Earn double points when purchasing a Merrill Cruise. |
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Point Details:
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Points are redeemable for air travel, car rentals, hotel stays, merchandise, gift certificates, special experiences, and more. |
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Expiration:
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5 Years |
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Yearly Limit:
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None |
| Features | |
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Most Attractive Feature(s):
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| Very low fixed APR for purchases and balance transfers; no annual fee; access to reward program. | |
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Least Attractive Feature(s):
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| Various restrictions applied to reward program. | |
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Additional Features:
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| Various Internet account related services. No liability for unauthorized transactions. Fraud protection services. Automatic bill payment. Purchase protection. Extended warranty for purchases. Auto rental insurance. Emergency transportation assistance. Up to $1,000,000 in travel accident insurance. Lost luggage assistance. Personal concierge service. Transatlantic companion ticket offer from British Airways. Save $250 on advance purchase Club World tickets to London on British Airways. Special MERRILL+ rates at The Leading Hotels of the World®. Complimentary spa services at leading resort destinations. Automobile rental upgrades and discounts. Discounts on products and services at participating merchants and retailers. Cardholders whose annual spending on purchases reaches certain levels will have access to additional benefits and services. See website for additional benefits. |
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Important Notations
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| See website for complete terms and conditions of card usage and application disclosure. | |
| Additional Information | |
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Apply Online for the MERRILL+® Card from FIA Card Services NA See other Travel Credit Cards See other Credit Cards Issued by FIA Card Services See other Visa Credit Cards |
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