Credit Cards

[Kris1228]

I got my Walmart card in March 08 with 300.00. I know you can get an increase every 4 months but does a balance have to report each month to be eligible. I know a balance didnt report 5/2008 and im thinking not this month either. I use the card at least once a month but think im paying it off before it reports (not intentional, lol). Will i still be eligible for an increase next month?

Thanks in advance!!!!

[smallfry]

You don't have to use the card in order to ask for CLI.

[haulingthescoreup]

CCC's don't care (probably don't even notice) if a balance reports. That's strictly a scoring phenomenon.

They might care about whether you carry a balance, and they get some money off of you. My personal feeling is that if they require me to give them interest to make them a good card, they're headed for the shredder. But I realize that it's different when you're starting or restarting.

Any experience out there to say whether carrying a balance on WalMart helps with CLI's?

[Kris1228]

Ok. I guess i meant no balance reported on my statement closing date! lol... I am using it once a month every month but usually pay within 7 days. Thanks!!! will update my experience with my very 1st cli next month. Hope its a few hundred and not 75.00 bucks like i have read they sometimes give...

[cheddar]

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Kris1228 wrote:

Ok. I guess i meant no balance reported on my statement closing date! lol... I am using it once a month every month but usually pay within 7 days. Thanks!!! will update my experience with my very 1st cli next month. Hope its a few hundred and not 75.00 bucks like i have read they sometimes give...

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I'm sure that's what haulingthescoreup meant, as well.  The two of you are on the same page here, and her advice still applies.

[smallfry]

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haulingthescoreup wrote:
CCC's don't care (probably don't even notice) if a balance reports. That's strictly a scoring phenomenon.

They might care about whether you carry a balance, and they get some money off of you. My personal feeling is that if they require me to give them interest to make them a good card, they're headed for the shredder. But I realize that it's different when you're starting or restarting.

Any experience out there to say whether carrying a balance on WalMart helps with CLI's?

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IF I'm going to micro manage my Walmart card for that $125 CLI every 4 months I think its time for the white jacket.

[FretlessMayhem]

My experience with the WalMart card is that they will give you a minimal (~$100) CLI after your fourth statement cuts.

That being said, they do not generate statements unless a balance is on your account when the statement period ends.

I didn't like those rules, so I canned them.