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Brand New Walmart Card - Got a $800 CLI !!

Valued Contributor

Re: Brand New Walmart Card - Got a $800 CLI !!

Should we let a small balance report or PIF before statement cuts? Does it make a difference?

Starting Score: EQ 717 EX 724 TU 736
Current Score: EQ 832 EX 783 TU 816
App free since 9/15/15
Message 11 of 17
Valued Contributor

Re: Brand New Walmart Card - Got a $800 CLI !!

need to sign-up for paperless billing to get free score.
5/2012: 560 credit scores across the board
12/2014 750+
3/2017 780+
5/2017 800+
Message 12 of 17
Valued Contributor

Re: Brand New Walmart Card - Got a $800 CLI !!


Epcot wrote:
Should we let a small balance report or PIF before statement cuts? Does it make a difference?

Nope, I used the card and PIF, nothing report... 600 --> 800 --> 1600 --> 2900 --> 5K last month.

 

 

2013 Approvals: Discover IT - 3/1, Amex BCE - 3/4, CSP - 5/4, Barclay Ring - 6/12, BoA Privileges Cash - 6/27, Citi TY Preferred - 8/6, OCCU Duck - 11/4, USBank (Cash+) - 11/22, Wells Fargo - 12/21, Nordstrom - 12/29

12/19/2013, $100k+ Available Credit. Total Util: 0-1%
Message 13 of 17
Valued Contributor

Re: Brand New Walmart Card - Got a $800 CLI !!

That's good to hear. My statement cuts this week and I just paid it off to have a 0 balance.


Starting Score: EQ 717 EX 724 TU 736
Current Score: EQ 832 EX 783 TU 816
App free since 9/15/15
Message 14 of 17
Frequent Contributor

Re: Brand New Walmart Card - Got a $800 CLI !!

You should always PIF (ie pay the entire Statement Balance before the Payment Due Date) to avoid interest charges.

Often people will continue to use the card after the Statement Date such that the CURRENT Account Balance is greater than the last Statement Balance.

 

For people who want to optimize their credit score, anecdotal evidence suggests that the best practice is to allow a small balance to report on only one card, while all other cards report zero balance. If you want a small balance (ie $10 to report), then a few days before the next statement date, make a 2nd payment of the current Account Balance minus $10. Then stop using the card until the next statement date.



06/30/2017 - EX 807 (Credit Scorecard EX FICO® Score 8, range 300-850)
07/20/2017 - TU 819 (Discover TU FICO® Score 8, range 300-850)
07/25/2017 - EQ 842 (Citi EQ FICO® Bankcard Score 8, range 250-900)
GOAL - 800! - App free since 12/13/2015
Message 15 of 17
Contributor

Re: Brand New Walmart Card - Got a $800 CLI !!

Good point. I never thought about that. I will give them a call tonight when i get home from work.

Transunion 698
Equifax 713
Experian 700
Goal Score 750
HWLBA
Message 16 of 17
New Contributor

Re: Brand New Walmart Card - Got a $800 CLI !!


jllunas wrote:

Good point. I never thought about that. I will give them a call tonight when i get home from work.


Im sure its different for every situation but while in the rebuilding phase..my score has jumped everytime one of my cards gives me an increase Smiley Happy My scores are almost spot on to yours by the way lol.

Message 17 of 17