One fuss many have with most rewards cards is the fact that most of them have limits and blackout dates when it comes to travel or points. The Merrill Lynch card is in bull market territory when it comes to no limits, a low interest rate if you decide to carry balances, and a high credit line. This could be a useful card for many people but the loyal Merrill brokerage customers do not get much out of this card. You do have the opportunity to get exclusive special Merrill Lynch experience rewards and benefits. Merrill +2 status currently requires spending of $20,000 while Merrill +3 status requires spending of $50,000. Once achieved, the cardholder is eligible for the +2 and/or +3 benefits for the remainder of that calendar year plus the entire following calendar year.
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Here are some examples of Merrill Lynch Rewards from this Visa Card:
For each 5,000 Points you redeem, you receive a ($50) credit toward the nightly cost of the accommodations at any hotel in the U.S. Although, 7-day advance reservations are required so booking last minute may be a problem for most of us.
Car rentals for any day amounts with pickup and return to the same rental locations within the U.S. For each 5,000 Points you redeem, you receive a ($50) credit toward the rental cost. Again, you must book advance of 7 days.
Merchandise and gift purchase can be made with points but we hardly ever recommend these over-hyped possibilities. Use your points for travel which normally gets more bang for the buck.
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