cancel
Showing results for 
Search instead for 
Did you mean: 

Should I pay my Walmart store card before statement closes?

New Contributor

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.

Message 1 of 11
10 REPLIES
Moderator Emerita

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.
Message 2 of 11
Mega Contributor

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.

Discover IT $17k / US Bank Ace (VSig) $13.5K / US Bank Cash+ (VSig) $13.5k
Sam's Mastercard $13.5k / Walmart Mastercard $10k / Blispay $7.5k PayPal Ex MC $6.1k
CareCredit 5k / Husq $5k / Cap1 QS $4.5k / Barclay Ring $4.85k / Citi DC (WMC) $7.1k
Gardening Date 7/01/16 / MyFico 08: EQ 801 / TU 777 / EX 771 / 06/08/17
Message 3 of 11
Valued Contributor

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 653 6/21/12
Current Score: EQ 703 8/5/17 - EX 743 8/5/17 - TU 731 8/5/17
Message 4 of 11
New Contributor

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.

Message 5 of 11
Valued Contributor

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 |

Message 6 of 11
Mega Contributor

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.

Discover IT $17k / US Bank Ace (VSig) $13.5K / US Bank Cash+ (VSig) $13.5k
Sam's Mastercard $13.5k / Walmart Mastercard $10k / Blispay $7.5k PayPal Ex MC $6.1k
CareCredit 5k / Husq $5k / Cap1 QS $4.5k / Barclay Ring $4.85k / Citi DC (WMC) $7.1k
Gardening Date 7/01/16 / MyFico 08: EQ 801 / TU 777 / EX 771 / 06/08/17
Message 7 of 11
Valued Contributor

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 653 6/21/12
Current Score: EQ 703 8/5/17 - EX 743 8/5/17 - TU 731 8/5/17
Message 8 of 11
Valued Contributor

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 653 6/21/12
Current Score: EQ 703 8/5/17 - EX 743 8/5/17 - TU 731 8/5/17
Message 9 of 11
Highlighted
Regular Contributor

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

Message 10 of 11