[EXPIRED] Last call for Merrill+ $1,000 in airfare

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Merrill+ Visa Signature Credit Card

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

Merrill+ Visa Signature Credit Card Air RewardsWhen 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.

 

 

Summary

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.

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