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I just got a Walmart store card last month. I've charged a small amount (less than $20) because I want to show some usage every month, at least for awhile, to get the auto CLI's everyone talks about.
When I log in to the account I see a "Payment Due Date" of 10/1/2013, "Current Balance" of $17.38 and a "Minimum Payment Due" of $0.00. I have not yet received a statement, maybe it's only a day or two away, and I am getting concerned that maybe I should go ahead and pay it in full now. I definitely don't want to wait around and end up late.
Also if I click "View Statement" I get the message "There are no e-Bills available for this account".
Am I fretting over nothing? And for those who have this card, do you think I should wait a day or two or PIF now?
Thanks for all the advice.
Chances are you made the charge after statement closing date. That is why you owe nothing by due date on current statement. I would pay it anyway just to be safe.
You are fine. Don't pay it now.
I had a problem with Walmart not giving me CLIs. I found out the hard way that they like you to report a small balance every month on the statement.
If your statement says you owe zero don't pay it so that they can generate a statement, otherwise when you call up for a CLI they will tell you, "Not enough history at the current credit line."
Do you have a statement?
The account was opend 9/1/2013. The transaction was made on 9/10/2013. I haven't touched it since. I don't have a statement yet which is why I am slightly concerned.
Now that I think about it coldnmn is probably right. The transaction probably occurred just after the normal statement closing. I'll give it another day to see if I get a statement but I'll make sure it's payed before 10/1.
This is what my account summary looks like when logged in:
Account Summary
Current Balance* : $17.38
Minimum Payment Due : $0.00
Payment Due Date : 10/01/2013
Available Credit* : $682.00
Total Credit Limit : $700.00
Last Payment : $0.00
Last Payment Posted : View Online
Payment History
Last Statement Date :
Last Statement Balance : $0.00 View Statement
Thanks for your answers.
Since we are talking about this, anyone have tips on how to have it generate a statement ( to get CLIs @ 4) without it reporting to the CRAs? I'm trying to only have 1 report and it's NOT walmart!
Your should get a statement the following month even though you paid it off by your current due date. That is the only way you would have a record of the transaction. So each month by paying before closing date you get a statement but no balance showing.
@FICOEmpire wrote:The account was opend 9/1/2013. The transaction was made on 9/10/2013. I haven't touched it since. I don't have a statement yet which is why I am slightly concerned.
Now that I think about it coldnmn is probably right. The transaction probably occurred just after the normal statement closing. I'll give it another day to see if I get a statement but I'll make sure it's payed before 10/1.
This is what my account summary looks like when logged in:
Account Summary
Current Balance* : $17.38
Minimum Payment Due : $0.00
Payment Due Date : 10/01/2013
Available Credit* : $682.00
Total Credit Limit : $700.00
Last Payment : $0.00
Last Payment Posted : View Online
Payment History
Last Statement Date :
Last Statement Balance : $0.00 View Statement
Thanks for your answers.
NO! NO! NO!
I'm sory for screaming but you are misunderstanding how it works.
The account was opened on 9/1 but you didn't have any charges until 9/10.
The charges made on 9/10 will appear on your October statement and be due on 11/1.
Just pay the balance to zero AFTER you recieve your October statement. If you pay it off now you will be learning the hard way just like I did. Walmart will not create an official statement with a zero balance and you will have thrown a month's history away for no good reason.
@wHiTeSoL wrote:@Since we are talking about this, anyone have tips on how to have it generate a statement ( to get CLIs @ 4) without it reporting to the CRAs? I'm trying to only have 1 report and it's NOT walmart!
That's the Walmart Catch 22.
If you want the CLIs you need to let it report a small balance. If you PIF before the statement cuts and don't have any statement history you have trouble getting CLIs.
You only get nicked a few points for two cards showing a balance so it's not too bad. Look at the bright side, CLIs every 4 months for a few points on your score!
I heard that if you pay a few dollars over the amount you owe it will cut a statement. If you pay in the store it will let you go over the amount you owe.