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Wal-Mart credit card closed?

Regular Contributor

Wal-Mart credit card closed?

I logged on today to find that my wal-mart credit card was closed. I have no idea why, it was paid in full every month for the past two months. My credit score Tu08 is higher than it's ever been, 669 & higher than it was when I got approved. Why would they do this?!

Starting Score: March 29, 2012 EX: 592, EQ: 549; TU: 557 - LENDER PULL
Current Score: June 2 2012 TU08 (walmart) 689, EX: ?, EQ: 649 (SW) TU: 679 (SW)
Goal Score: 720


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Message 1 of 38
37 REPLIES
Regular Contributor

Re: Wal-Mart credit card closed?

only GE would know why they did it.. give them a call maybe its a mistake Potentially there was adverse action taken perhaps a new collection, or potentially a late showed up from another account?
Wallet: Discover IT, Discover Gas, Citi Professional (6.74% apr), Chase Freedom, Cap1 Quciksilver, Élan Financial Rewards, BOA Amex, Walmart, CareCredit, Paypal Smart Connect, Kohls, HSBC Cash or Fly, Chase Sapphire Preferred, Amex Zync, Amex Blue Cash Preferred, USAA Plat Rewards, Chase Ink, NFCU Plat
Message 2 of 38
Blogger

Re: Wal-Mart credit card closed?

The answer you seek will be on the other line of the phone call once you ring in. Smiley Happy

Good luck!

Follow my financial journey: http://www.frugalrican.com


EQ FICO (01/16/2012): 656 - EQ FICO (02/16/2012): 743 - EQ (02/24/2012): 760 - EX (04/28/2012): 739 - GOAL 2013: 800+

AMEX BCE (0/10K) --- BOA 1-2-3 (0/15.9K) --- Discover More (0/6K) --- Chase Freedom Visa (0/1.4K) -- Hyatt Visa Sign. (0/5.8K) -- Barclay's NFL Card (0/7.5K) -- Chase Sapphire Preferred (0/5K)

Message 3 of 38
New Contributor

Re: Wal-Mart credit card closed?


AutumnC74 wrote:
I logged on today to find that my wal-mart credit card was closed. I have no idea why, it was paid in full every month for the past two months. My credit score Tu08 is higher than it's ever been, 669 & higher than it was when I got approved. Why would they do this?!

  I would call  !! A few months back they cl'd me for inactivity, but I called and they not only reinstated my limit, I also got an increase to 5000.

   Good luck .

Transunion Fico 753
Equifax Fico 756
Experian 817 (amex pull)
Message 4 of 38
Regular Contributor

Re: Wal-Mart credit card closed?

They closed it due to inactivity. The CSR said they attempted to reinstate it with no luck. She said I was welcome to reapply. Do I have any other recourse? This is horrible timing! Help!!

Starting Score: March 29, 2012 EX: 592, EQ: 549; TU: 557 - LENDER PULL
Current Score: June 2 2012 TU08 (walmart) 689, EX: ?, EQ: 649 (SW) TU: 679 (SW)
Goal Score: 720


Take the FICO Fitness Challenge

Message 5 of 38
Regular Contributor

Re: Wal-Mart credit card closed?

When was the last time you used the product?
Wallet: Discover IT, Discover Gas, Citi Professional (6.74% apr), Chase Freedom, Cap1 Quciksilver, Élan Financial Rewards, BOA Amex, Walmart, CareCredit, Paypal Smart Connect, Kohls, HSBC Cash or Fly, Chase Sapphire Preferred, Amex Zync, Amex Blue Cash Preferred, USAA Plat Rewards, Chase Ink, NFCU Plat
Message 6 of 38
Regular Contributor

Re: Wal-Mart credit card closed?

April 14th but paid in full before statement cut....

Starting Score: March 29, 2012 EX: 592, EQ: 549; TU: 557 - LENDER PULL
Current Score: June 2 2012 TU08 (walmart) 689, EX: ?, EQ: 649 (SW) TU: 679 (SW)
Goal Score: 720


Take the FICO Fitness Challenge

Message 7 of 38
Blogger

Re: Wal-Mart credit card closed?

You hadn't used the card in less than 30 days and it got closed?

That's "inactivity" for them?

Follow my financial journey: http://www.frugalrican.com


EQ FICO (01/16/2012): 656 - EQ FICO (02/16/2012): 743 - EQ (02/24/2012): 760 - EX (04/28/2012): 739 - GOAL 2013: 800+

AMEX BCE (0/10K) --- BOA 1-2-3 (0/15.9K) --- Discover More (0/6K) --- Chase Freedom Visa (0/1.4K) -- Hyatt Visa Sign. (0/5.8K) -- Barclay's NFL Card (0/7.5K) -- Chase Sapphire Preferred (0/5K)

Message 8 of 38
Regular Contributor

Re: Wal-Mart credit card closed?

They have not had to mail a statement since February because I've kept.it paid in full. So maybe 60 days, but still! I feel like I'm being penalized for paying my bills.

Starting Score: March 29, 2012 EX: 592, EQ: 549; TU: 557 - LENDER PULL
Current Score: June 2 2012 TU08 (walmart) 689, EX: ?, EQ: 649 (SW) TU: 679 (SW)
Goal Score: 720


Take the FICO Fitness Challenge

Message 9 of 38
Regular Contributor

Re: Wal-Mart credit card closed?

Ask to speak with a manager or a senior agent You may wish to also try the backdoor number
Wallet: Discover IT, Discover Gas, Citi Professional (6.74% apr), Chase Freedom, Cap1 Quciksilver, Élan Financial Rewards, BOA Amex, Walmart, CareCredit, Paypal Smart Connect, Kohls, HSBC Cash or Fly, Chase Sapphire Preferred, Amex Zync, Amex Blue Cash Preferred, USAA Plat Rewards, Chase Ink, NFCU Plat
Message 10 of 38