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Walmart store card CLI

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Established Member

Re: Walmart store card CLI

Denied for a cli via Synchrony since the account is just a month old- should I try Credit Solutions? Their crazy low SL makes no sense whatsoever and does more damage than good. If I don't get a cli increase I will probably just close the card.

Chris
Starting as of 1/2/18 Ex 630 Eq 627 Tu 613
Goal 700 across
Message 11 of 14
New Contributor

Re: Walmart store card CLI


Christopher1984 wrote:

Denied for a cli via Synchrony since the account is just a month old- should I try Credit Solutions? Their crazy low SL makes no sense whatsoever and does more damage than good. If I don't get a cli increase I will probably just close the card.


I think you need to wait for at least three month before you can request CLI or Fico to be improve more than where they are, as listed in your sig.  I was stuck at the SL of $ 150 for six months before approved for a CLI to $ 1K.  I believe my TU score was in the 650's when CLI were approved on most of my Synchrony accounts.   

Message 12 of 14
Valued Contributor

Re: Walmart store card CLI

With your scores in low 600s you need time before CLI.

Scores like that either reflect derogatory accounts or very high utilization. Don’t expect Sync love until you’re over 650 TU.
Message 13 of 14
Valued Member

Re: Walmart store card CLI

As far as how to take advantage of what you have NOW.  This is how I would use this card:

 

The low CL doesn't do more harm than good, unless you max it out and then let it report high utilization.  Use the card, and PIF immediately.  That's it.  Don't carry a balance with that low of a limit.  Don't close the account.  Use what you have.  It will make a difference AS LONG AS you don't let it report high utilization!!

 

Good luck!

~~~Rebuilding Score History~~~
Starting Ficos: EX 541, EQ 493, TU 523 (07/02/2016)
Latest Ficos: EX 630, EQ 656, TU 644 (01/11/2018)
1st Goal Ficos: EX 700, EQ 700, TU 700 (12/31/2018)
~~~Credit lines~~~~
BankAmericard Platinum Plus Mastercard Secured: $2000, Latest CLI-N/A
Capital One Platinum Unsecured: $500, Latest CLI-12/2017
~~~Latest Rebuilding Projects~~~
12/30/2017: 3 CRA Inaccuracy Disputes for CAs by certified mail
12/30/2017: 2 OC GW Recall Letters by regular mail
01/05/2018: 1 OC GW Phone Call
01/11/2018: 2 CA removed from all 3 bureaus, except 1 left on EQ
01/12/2018: Online TU request for EE of 6.5 year old charge-off
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Message 14 of 14