Reply
Regular Contributor
Posts: 137
Registered: ‎09-10-2012
0

How to use your walmart card to get CLI ?

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

 


Starting Score: EX 734 TU 749
Current Score: EX 734 TU 749
Goal Score: EX 766 TU 770


Take the myFICO Fitness Challenge
Epic Contributor
Posts: 25,258
Registered: ‎10-23-2007
0

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


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!!!! 

Fico Scores: EQ- 670., TU 710 Sync, EX 728 SoFi(05/04/15)
I'm just trying to catch up to RON1
95 Cards and Counting Smiley Tongue
Established Contributor
Posts: 869
Registered: ‎07-04-2012
0

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

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.
Fico Scores: . Walmart TU 748 . Garden 8/19 2014 .

Cap One Journey 500 | Discover IT 500 | GE Home Design 5.6k | GE HHGREGG 5k | Amex Zync NPSL | Amex BCE 6k | Citi Forward 4.2k | Citi Dividend 3k | GE BrandsMart 1k | GE Lowes 8.5k | Discover Walmart 7.5k | Barclays Apple 2.5k | BoA CR 2.7k | CSP 7.2k | Platinum Prestige 5k | IT Chrome 4k | Slate 2.3k |
Valued Contributor
Posts: 1,228
Registered: ‎05-10-2012
0

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

 


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

  • Current: EQ FICO 706, TU FICO 701, EX FICO 706 | Starting Score: 525 (05/2012)
  • Starting total revolving credit: $1100 | Current total revolving credit: $36,700
  • Inquiries (12 Months): EQ 2 TU 1 EX 1 | Most Recent: 1/21/2014
Chase Freedom $9500
DCU Visa $10000
Capital One QS $2000
AMEX BCE $3000
Lowe's CC $8500
WalMart CC $3100
BOA Platinum $600
AMEX Gold NPSL
Valued Contributor
Posts: 1,406
Registered: ‎01-14-2009
0

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

For Walmart Discover card:

Up to $1,500 = 0.25%
$1,501 - $3,000 = 0.50%
Over $3,000 = 1.00%
Highlighted
Contributor
Posts: 567
Registered: ‎10-04-2012
0

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


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

 

FICO 04 scores: 809 (EQ) 812 (EX) 818 (TU)

Amex Platinum NPSL - Citi HHonors Sig. $58k - BMW Ultimate $40k
Chase Sapphire Preferred $62k - Merrill Lynch + Signature $41k - USAA Rate Advantage $28k
NFCU Flagship Signature $50k - USAA Cash Rewards AMEX $28k
Citi Platinum Select / AAdvantage Signature $31k - Chase Amtrak Rewards World MC $41k

Contributor
Posts: 77
Registered: ‎08-13-2009
0

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

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.

Starting Score 3/26/2010: TU: 506 EQ: 554
Current Score 4/16/2015: TU: 552 EQ: ? EX ?
Goal Score: 720

Take the FICO Fitness Challenge

Frequent Contributor
Posts: 358
Registered: ‎06-25-2012
0

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


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.

Frequent Contributor
Posts: 455
Registered: ‎01-04-2012
0

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


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.

Established Contributor
Posts: 1,011
Registered: ‎04-08-2012
0

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

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

-Rebuilding with CapOne Cash: $1.5k, NFCU cashRewards $8.5K, NavCheck $5K, Wal-Mart: $1.1K, Sam's: $1.2K, Amazon: $1.9K, Apple Barclay: $3K, Haverty's: $1.5K, GE capital: $5K, Sears: $250(AU), PP MC:$1.5K, CareCredit:$3K (closed 1st home 05/08/13)
Starting Score: 492-TU04, 480-EX FICO V2, 467-EQ Beacon 5 (Via Mortgage PreQual March '12)
Current Score: EX,EQ,TU (lender pull): 652, 659, 689, Walmart TU FICO: 691 (05/13)
Goal Score: 700

Take the FICO Fitness Challenge

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.