Credit Cards

[pat0812]

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

[Creditaddict]

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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

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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!!!! 

[CruzImperial]

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.

[Jutz]

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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.

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This is only for the Discover

[kevinjjc]

For Walmart Discover card:

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

[Elcid89]

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kevinjjc wrote:
For Walmart Discover card:

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

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

[Bcunniff9]

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.

[SwampSystems]

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Elcid89 wrote:

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kevinjjc wrote:
For Walmart Discover card:

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

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

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

[wallyworld123]

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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

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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.

[jordanmedical]

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