topic Re: How to use your walmart card to get CLI ? in Credit Cards

How to use your walmart card to get CLI ?

pat0812 — Sat, 27 Oct 2012 05:05:14 GMT

Hello,

I got my walmart card 2 months ago with a $400 limit

My first statement cycle closed 2 days after i got my card so i got a $0 balance and no statement

In my second cycle, i used the card once for $59 and PIF after i got the statement, and $59 was reported to all agencies.

Last week i called underwriting to give it a try for CLI, and told them i want to buy some electronics with the 18 no interest rate and we are in the holiday season....

anyway i obviously got denied

Now my question is: How much should i use my card every month to get the best chances for a CLI in the future ?

When will i hit the 4 months ? After my 4th or 5th statement ? because the first month i didn't use the card (only 2 days in the statement cycle )

Does that month counts in my case or not ?

Please advice me from personal experience

Re: How to use your walmart card to get CLI ?

Creditaddict — Sat, 27 Oct 2012 05:07:57 GMT

pat0812 wrote:
Hello,

I got my walmart card 2 months ago with a $400 limit
My first statement cycle closed 2 days after i got my card so i got a $0 balance and no statement
In my second cycle, i used the card once for $59 and PIF after i got the statement, and $59 was reported to all agencies.

Last week i called underwriting to give it a try for CLI, and told them i want to buy some electronics with the 18 no interest rate and we are in the holiday season....
anyway i obviously got denied

Now my question is: How much should i use my card every month to get the best chances for a CLI in the future ?

When will i hit the 4 months ? After my 4th or 5th statement ? because the first month i didn't use the card (only 2 days in the statement cycle )
Does that month counts in my case or not ?

Please advice me from personal experience

GE gives CLI auto usually between 2-4 months, but possibly 6... you should start requesting after 4 but maybe 6 if you don't get an auto.

GE likes TONS OF USE!!!!

Re: How to use your walmart card to get CLI ?

CruzImperial — Sat, 27 Oct 2012 05:11:08 GMT

I used my card lightly like you and got auto cli at the end of second month.
Usually a cli is ready to be requested after 4-6 months. They do give 1% cash back so purchasing anything that does not earn you a higher cash back than that in other cards will increase usage likely cls when requested.

Re: How to use your walmart card to get CLI ?

Jutz — Sat, 27 Oct 2012 12:43:08 GMT

CruzImperial wrote:
I used my card lightly like you and got auto cli at the end of second month.
Usually a cli is ready to be requested after 4-6 months. They do give 1% cash back so purchasing anything that does not earn you a higher cash back than that in other cards will increase usage likely cls when requested.

This is only for the Discover

Re: How to use your walmart card to get CLI ?

kevinjjc — Sat, 27 Oct 2012 13:19:01 GMT

For Walmart Discover card:

Up to $1,500 = 0.25%
$1,501 - $3,000 = 0.50%
Over $3,000 = 1.00%

Re: How to use your walmart card to get CLI ?

Elcid89 — Sat, 27 Oct 2012 13:22:15 GMT

kevinjjc wrote:
For Walmart Discover card:

Up to $1,500 = 0.25%
$1,501 - $3,000 = 0.50%
Over $3,000 = 1.00%

Agreed. The "rewards" on this card are abysmal. The only reason to get it, IMO, is the free monthly TU FICO score

Re: How to use your walmart card to get CLI ?

Bcunniff9 — Sat, 27 Oct 2012 18:33:21 GMT

In my experience, heavy use is the key. Started off at $600, now at 3k with discover offer. I've had the card 15 months.

Re: How to use your walmart card to get CLI ?

SwampSystems — Mon, 29 Oct 2012 02:51:22 GMT

Elcid89 wrote:
kevinjjc wrote:
For Walmart Discover card:

Up to $1,500 = 0.25%
$1,501 - $3,000 = 0.50%
Over $3,000 = 1.00%
Agreed. The "rewards" on this card are abysmal. The only reason to get it, IMO, is the free monthly TU FICO score

I wouldn't call a 15 cents/gallon discount abysmal.

Re: How to use your walmart card to get CLI ?

wallyworld123 — Mon, 29 Oct 2012 03:17:57 GMT

pat0812 wrote:
Hello,

I got my walmart card 2 months ago with a $400 limit
My first statement cycle closed 2 days after i got my card so i got a $0 balance and no statement
In my second cycle, i used the card once for $59 and PIF after i got the statement, and $59 was reported to all agencies.

Last week i called underwriting to give it a try for CLI, and told them i want to buy some electronics with the 18 no interest rate and we are in the holiday season....
anyway i obviously got denied

Now my question is: How much should i use my card every month to get the best chances for a CLI in the future ?

When will i hit the 4 months ? After my 4th or 5th statement ? because the first month i didn't use the card (only 2 days in the statement cycle )
Does that month counts in my case or not ?

Please advice me from personal experience

I use my card on a regular basis grocery especially i get a increase every 3 to 4 months i would suggest using the card every month and paying it off instead of using it every other month or every 3 months this is from my personal experience.

Re: How to use your walmart card to get CLI ?

jordanmedical — Mon, 29 Oct 2012 04:51:28 GMT

Do you have to let it post a balance or can you use heavily and pay in full monthly for the same result?

Re: How to use your walmart card to get CLI ?

beb86 — Mon, 29 Oct 2012 05:07:59 GMT

I would let it post for 1 statement and then pay it down since next time it reports your UTIL will have rebounded

Re: How to use your walmart card to get CLI ?

jsucool76 — Mon, 29 Oct 2012 10:01:04 GMT

I always let my GE cards report a balance, otherwise a statement doesn't generate amd I have heard of people getting denied CLIs due to "not rnough experience and current credit limit" because no statements have generated. Obviously others have gotten CLIs without reporting balances, but im in the garden so I don't mind if my score drops a few points.

Re: How to use your walmart card to get CLI ?

gijoe4500 — Mon, 29 Oct 2012 10:19:26 GMT

jsucool76 wrote:
I always let my GE cards report a balance, otherwise a statement doesn't generate amd I have heard of people getting denied CLIs due to "not rnough experience and current credit limit" because no statements have generated. Obviously others have gotten CLIs without reporting balances, but im in the garden so I don't mind if my score drops a few points.

I'm one of those people. I haven't had a statement generate since the spring, because I never let a balance report. That's going to change though. I'm going to make my walmart card my 1-9% reporting card, and keep everything else paid off. A tank of gas each month should cover it.

Re: How to use your walmart card to get CLI ?

creditnocash — Mon, 29 Oct 2012 22:07:04 GMT

this is all true.

ive had my card since end of july and still dont have a statement.

asked for a cli and was denied by the system but asked to be manually reviewed and was approved 800 to 3k.

no discover version yet though.