Really Walmart?????? Oh Well at Least I got a foot in the door

[baller4life]

My point exactly!! At least I got the free fico and potential for a lot of growth. My credit is not the greatest and TU has 3 derogs left that I am still working on. But, I still hoped for a larger starting limit given my $3k limit with NFCU. Oh well...

[FinStar]

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@Johnnyblaze1986 wrote:
That's a very disrespectful limit, very disrespectful!!!! $150? What am I suppose to buy with that? Spoons and bubble gums?

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Lenders do not operate on emotion.  And, while the CL may be fairly low, it is purely a business relationship (let's keep in mind the OP's profile) since any other individual with good/excelent credit would qualify for a higher CL and the Discover version.  At least the OP has gotten a foot in the door (okay so maybe like 3 toes), but at least the HP wasn't a waste AND the TL can grow based on positive history.

[parkman]

I started my WM card two years ago with a 500 limit. I'm currently at 1800, and I didn't ask for a single penny of it, I was just rewarded for good credit behavior. And the latest increase came when I had a 700+ balance on an $800 credit line, the one before that with 400+ on a $500 credit line. GE is very generous with auto-CLI, and I'm sure if I had asked for it every 4 months like some are suggesting, it would be even higher. Just be patient, and grateful for the free FICO score!

[djc1puno]

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@FinStar wrote:

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@Johnnyblaze1986 wrote:
That's a very disrespectful limit, very disrespectful!!!! $150? What am I suppose to buy with that? Spoons and bubble gums?

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Lenders do not operate on emotion.  And, while the CL may be fairly low, it is purely a business relationship (let's keep in mind the OP's profile) since any other individual with good/excelent credit would qualify for a higher CL and the Discover version.  At least the OP has gotten a foot in the door (okay so maybe like 3 toes), but at least the HP wasn't a waste AND the TL can grow based on positive history.

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getting your foot (or 3 toes as my dear friend eloquently put it ) in the door is better than a wasted pull..your opportunities of making this card grow thru auto clis and every 4th statement cut are frequent enough that you should see you CL rise quickly...

[ptilda]

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@FinStar wrote:

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@FixMyCredit1992 wrote:

A $150 limit? I have never heard of such a low limit, I've heard of 300 limit, but 150? Wow

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Yes, even JCP can be as low as $100.  Macy's is another lender who can offer limits that low.  Bottom line, if you want the best results for a higher CL, be sure your credit profile is in decent standing piror to applying so as not to be disappointed with the results.

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In the question of time, it all washes out. If I wait a year and get approved for $500, it's the same as if I get approved for $150 now and after the 4th statement get an increase to $500. Only the reality is that the increases in the year will likely take me higher than $500 for a Wally card. So really, the use of gardening is so that I can get ANY approval for the card I want. Any limit will suffice (assuming it's one that grows well) to "get a foot in the door."

With your other card limits, this is reasonable, and since the other inqs are doubtless showing. Look back in 6 months or a year, and you'll basically be in the same place.

Nice work!

[kaskuli]

150 is better than a denial.

You just have to make payments more frequently. Like, every day or every other day

[pizza1]

Congrats to you!!!!! It will grow I wish I could be back in with GE, but my bk burn is wayyyyyy to recent with them, even for a Walmart card. So..... Ill try in a few years. I do 90% on my grocery shopping there, it would be worth it for me

[hot4u]

Agree,

Your in the door..

Congrats

[toi34]

This just recently happened to me too at the end of a GE app spree. I called TWICE to recon and the reps both said to call back in 2 days. There was something they were not telling me, but kept suggesting I call back in 2 days??? I wonder if there was some computer glitch that will be resolved soon. Anyway, I'll call back in 2 days. If still a no, I'll just be grateful it was not a denial like previous posters have said, wait for it too grow rapidly and be glad for a free FICO.

[Repo-ed]

They gave me a wal mart store card with a starting CL of like $400.  It's not $2500.

Belk store card was only a $500 starting CL (also GE bank) and it's $4000.

I just call every 4 months and request an increase, and use neither card.