The RCC's Treasure Chest!

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ni8_shadow

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What is this “treasure of merit?” Brushing up on my indulgences study and I read about this.
 
The Church’s Treasury includes the merits of Jesus Christ’s Redemption, as well as the prayers and good works of all the saints.

See paragraph 5 of Pope Paul VI’s January 1, 1967 Apostolic Constitution On Indulgences (Indulgentiarum Doctrina)

Or*, *the *Catechism of the Catholic Church, *1474-1477.
 
This seems like something Protestants can refute using the “traditions of men” arguement. Is there Biblical or ECF support?
 
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