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Yesterday I learned from a source that the Merrill+ Visa Signature Card will be discontinued in “mid September”. This means that we expect the following to be true at some point in September:
- The card will no longer be available to new applicants
- Existing customers will keep the card until further notice
Is it worth signing up for this card before it’s gone?
As I reported before, this card is great for it’s signup bonus. The card also offers some perks with big spend, but I argued that you can do better with big spend on other cards. See: $1000 worth of airfare? Sure. $50K spend? Maybe not.
As a reminder, the signup bonus is for 50,000 points after $3K spend. 50,000 points can be used to get $500 in statement credits or up to two $500 flights. Either way it’s a good deal.
So, yes, if you can get approved and meet the spend requirement, this card is worth getting.
General Card Info
- Annual fee: $0
- Foreign Transaction Fee: $0
- Point earning rate: 1 point per dollar
- Point value: 1 point = 1 cent when redeemed for statement credits. 1 point = up to 2 cents when redeemed for flights.
- Cardholders can earn a $200 travel credit or Delta SkyClub membership after $50K in spend per year.
Up to 2 cents per point value towards flights
When redeeming points for flights, Merrill+ charges 25,000 points for any flight worth up to $500. If you purchase two tickets, they’ll charge 50,000 points. According to Doctor of Credit, If your ticket price is more than $500, Merrill+ will charge you 1 additional point for each penny above $500. That means that you can theoretically get 2 cents per point value by buying tickets worth exactly $500, but if you veer far from $500 in either direction, your point value will plummet.
How to maximize value
Miles Per Day details a trick that can be used to get the full 2 cents per point value from the 50,000 points signup bonus. Details here: Maximizing the Merrill + card 50,000 point signon bonus.
How to apply
The Merrill+ card is available only by phone. You can apply as follows:
- Call 866-751-1257
- Use application code: BAABZX
A disclosure agreement for this offer (which includes signup bonus info) can be found here.
The Merrill+ Visa Signature Card’s 50K signup offer is excellent. It’s well worth getting if you can handle the $3K spend requirement. After that, though, I recommend sticking the card in a drawer. There are many better options for ongoing spend.