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My first Wal Mart CLI denial

Established Contributor

My first Wal Mart CLI denial

I have had my Wal Mart store card for a couple of years now.  So far, every 4 months I have gotten a CLI upon request.  It has been like clockwork.  I have just reached the 4 month mark from my last CLI, so I tried again and got denied.  I thought maybe I tried a little too early because they require at least 4 months in between CLIs.  However, once I got the rejection letter in the mail, it stated that the reason for the denial was "number of times paying more than the minimum amount due".

 

Apparently, they frown upon only paying the minimum due each month.

Message 1 of 12
11 REPLIES
Valued Contributor

Re: My first Wal Mart CLI denial

Just curious, what is your UTIL % usage on the Walmart CC when you asked for a CLI each time?

Message 2 of 12
Established Contributor

Re: My first Wal Mart CLI denial

Most of the time, my UTIL was very close to 100%.  In fact, I went over the limit one time since the credit for a retuned item took longer to post than I thought.  I made a payment that was just enough to bring me back below the limit and applied for a CLI as soon as that payment cleared and I got it.

 

This last time, however, my UTIL was only around 85%.  I have not really used the card in the past couple of months, so even my minimum monthly payment has actually been bringing my balance down a little.  The only reason I even asked for a CLI was to try to continue improving my overall UTIL--I don't plan to use the Wal Mart card anymore (or any of my CC's, for that matter) except for an emergency so that I can start bringing my balances down (current overall revolving UTIL is currently 53%).

Message 3 of 12
Established Contributor

Re: My first Wal Mart CLI denial

Yep, that's the best way to improve utilization for the good of your account, report, and score.

 

I've typed this before about making a small purchase around $5, then get a Cash Advance up the the maximum amount allowed and walk directly over to Guest Services or the Kiosk Payment machine and pay the money right back.  Since cash advances on the Walmart card are considered purchases without any additional fees, you're showing monthly usage without really spending money.  After once or twice a month before your Statement End date, if course, you will look good in the eyes of Walmart.

 

I've seen siblings get increase after increase every 4th month as you've stated, but still going and going...

Message 4 of 12
Regular Contributor

Re: My first Wal Mart CLI denial

I got denied too. Always PIF - fine history with them.  They must be tightening the purse strings.

 

Sock drawer!! I'm using them as an experiment to see how long it takes from time in sock drawer (date of last activity) to closure. One of those cards I seriously regret opening.

 

Don't get one--for anyone considering it.

 

 


With FICO, time heals all wounds.

Take the FICO Fitness Challenge

Message 5 of 12
Contributor

ey pull Re: My first Wal Mart CLI denial

do they hard pull when request for CLI?

I open my walmart card in 12/15 when should i request for CLI?

thanks

Message 6 of 12
Epic Contributor

Re: ey pull Re: My first Wal Mart CLI denial

GE Store cards are soft pulls for CLI

Message 7 of 12
Valued Contributor

Re: ey pull Re: My first Wal Mart CLI denial

I tried to get a CLI on my JCP (which is at 1800 for about 4 months now) and was declined for strange reasons (got the letter yda).

 

1. Oldest account opened recently (My oldest account is 16 mo)

2. No instalment loans

 

It mentioned TU as the CB (though I don't see an HP on my TU file)

 

I feel they are probably tightening up the CLI and the real reason for my CLI decline was that I did not use the card any after the last CLI. They are just writing bs as reason

Citi Hilton Reserve 22.3K | Citi Thank You 8.2K | CSP 15.5K | Chase Freedom 10K | Chase BA 15K | Chase United 8.5K | Chase Marriott 5K | Discover IT 9K | Club Carlson 13K | Amex SPG 20K | BofA Cash Rewards 11K | BofA Cash Rewards 50K
Message 8 of 12
Established Contributor

Re: ey pull Re: My first Wal Mart CLI denial

walmarts cli start at 6 months but the first one tends to be the biggest cli you will ever get from them. then i believe its 4 months after that

__________________________
01/11/2011: FICO:TU: 746
12/14/2010: FICO:EQ: 744
08/12/2011: FICO:EXP: 766
Message 9 of 12
New Contributor

Re: ey pull Re: My first Wal Mart CLI denial

Oddly enough, I've never even seen a soft pull from GEMB relating to my Walmart card...

 

Maybe that's why I'm still stuck in toy card **** with them.  My score went up 150+ points since opening that card in '07.

Message 10 of 12