Reply
Member
Posts: 6
Registered: ‎09-06-2013
0

Should I pay my Walmart store card before statement closes?

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.

Moderator
Posts: 27,205
Registered: ‎09-13-2012
0

Re: Should I pay my Walmart store card before statement closes?

If it's saying your payment is due 10/1/2013, then I would pay the current balance.
Mega Contributor
Posts: 16,663
Registered: ‎08-08-2011
0

Re: Should I pay my Walmart store card before statement closes?

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.

Established Contributor
Posts: 1,004
Registered: ‎03-22-2012
0

Re: Should I pay my Walmart store card before statement closes?

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?



Starting Score: EQ 658 6/18/12
Current Score: EQ 691 3/28/15 - EX 707 3/8/15 - TU 707 3/8/15
Goal Score: EQ 720+
Take the FICO Fitness Challenge

Member
Posts: 6
Registered: ‎09-06-2013
0

Re: Should I pay my Walmart store card before statement closes?

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.

Valued Contributor
Posts: 1,063
Registered: ‎07-09-2013
0

Re: Should I pay my Walmart store card before statement closes?

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!


   3/12 $3500     6/12 $1200      10/12 $1500   12/12 $3400    6/13 $12000      7/13 $5000      7/13 $2500       8/13 $2000    8/13 $6000

  | CSP (AU) $12,000 | Amex PRG (AU) | United $6,000 | OCCU $12,000 | Ink Bold | GM $3,200 | DCU $7500 | Luthansa $9000 | SPG $6,000 | Citi AA Executive $11,000 | Ink Plus $5,000                                                                         | EX 2/7 697 | EQ 10/27 721 | TU 12/15 719 |

Mega Contributor
Posts: 16,663
Registered: ‎08-08-2011
0

Re: Should I pay my Walmart store card before statement closes?

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.

Established Contributor
Posts: 1,004
Registered: ‎03-22-2012
0

Re: Should I pay my Walmart store card before statement closes?


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.



Starting Score: EQ 658 6/18/12
Current Score: EQ 691 3/28/15 - EX 707 3/8/15 - TU 707 3/8/15
Goal Score: EQ 720+
Take the FICO Fitness Challenge

Established Contributor
Posts: 1,004
Registered: ‎03-22-2012
0

Re: Should I pay my Walmart store card before statement closes?


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!



Starting Score: EQ 658 6/18/12
Current Score: EQ 691 3/28/15 - EX 707 3/8/15 - TU 707 3/8/15
Goal Score: EQ 720+
Take the FICO Fitness Challenge

Regular Contributor
Posts: 117
Registered: ‎07-24-2013
0

Re: Should I pay my Walmart store card before statement closes?

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.

Starting Score: 06/29/13 TU 579; EQ 585; EX 574
Current Score: 07/24/13 TU 645; EQ 668; EX 652
Goal Score: 740
Wells Fargo $700 / Merrick Bank $1000 / Fingerhut $1300 /
Gettington $1000 Walmart $600 HSN/1300 Express/700 Jcrew/1850
Jared $2000 Macys $2500 Bloomingdale $1000 Sony Card $1500
Amazon Store Card $900 Ann Taylor/880 American Airlines/1500 Shell/500 Capital One Quicksilver\ $500 Pier 1 $1500 \ Chase Zappos Visa $2500 Barclays Apple\$1200

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.

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.