The Total Merrill(SM) Cash Back Visa® Card, issued by FIA Card Services, N.A., is designed for those with very good credit who plan to take advantage of the cash reward program offered through Merrill Lynch.
Through the reward program, cardholders earn one cash back reward credit for every dollar spent on all purchases. Cardholders have the option of receiving a cash reward check or having reward credits automatically deposited into a Merrill Lynch Cash Management Account® (CMA®) or Beyond Banking® account after earning a minimum of 5,000 reward credits. There is no limit on the number of reward credits earned; however, checks expire 90 days from the date of issuance.
The card has no annual fee and offers the same reasonably low fixed interest rate for both purchases and cash advances. There is also a low introductory rate for balance transfers and cash advances 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 Total Merrill(SM) Cash Back Visa® Card has to offer.
Review Date: June 23, 2008
Note: The review on this card was updated on June 23, 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.
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) |
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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 of $100 up to $1,000; $39 on balances of $1,000 and over |
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Over the Limit Fee:
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$15 on balances up to $500; $29 on balances of $500 up to $1,000; $39 on balances of $1,000 and over |
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Cash Advance Fee:
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3%, $10 minimum ($75 maximum for cash advance checks) |
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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 |
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Rebate Minimum:
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1% |
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Rebate Maximum:
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1% |
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Additional Rebates:
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None |
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Rebate Details:
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Earn one cash back reward credit for every dollar spent on all purchases. Cardholders have the option of receiving a cash reward check or having reward credits automatically deposited into a Merrill Lynch Cash Management Account® (CMA®) or Beyond |
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Expiration:
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Rebate checks expire 90 days after they are issued. |
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Yearly Limit:
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None |
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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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| See website for additional benefits. |
| See website for complete terms and conditions of card usage and application disclosure. |
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