I searched the topic but I couldn't find an answer, so I figured I'd just ask outright. I just got approved for the Walmart card with a $600 limit a little over a week ago. I called the day I got approved to ask for a CLI and was told no. I know it's common knowledge that Walmart grants CLIs every 4 statements. But I was wondering if when people say "every 4 statements," if they're using statement and month synonymously, or if it's only after you let 4 statements cut? I just worry because I don't shop at Walmart (there isn't one near me) and I applied mainly for the FICO score and the ability of the card to grow with me. So if I sockdrawer it and wait 4 months will I be able to get a CLI, or do I have to try to buy something each month? Also, since I received the card today, should I try one more time for a CLI, or just leave it alone?
Thanks!
Starting Score: TU: 633 EQ: 583 EX: 600
@cowphin wrote:I searched the topic but I couldn't find an answer, so I figured I'd just ask outright. I just got approved for the Walmart card with a $600 limit a little over a week ago. I called the day I got approved to ask for a CLI and was told no. I know it's common knowledge that Walmart grants CLIs every 4 statements. But I was wondering if when people say "every 4 statements," if they're using statement and month synonymously, or if it's only after you let 4 statements cut? I just worry because I don't shop at Walmart (there isn't one near me) and I applied mainly for the FICO score and the ability of the card to grow with me. So if I sockdrawer it and wait 4 months will I be able to get a CLI, or do I have to try to buy something each month? Also, since I received the card today, should I try one more time for a CLI, or just leave it alone?
Thanks!
Every 4 statement cuts.
I would leave it alone and get some positive history on the card before asking for CLI's. Also you should charge on it regularly if you expect to see it grow fast.
Just keep in mind that not every cardholder will qualify for a CLI at every quarter. Some are still waiting past the six month mark.
I got my walmart card in november so my fourth statement is coming up. I will try online if I don't get an auto-cli, if no love then I may just call.
@kade6767 wrote:I just got approved today for a Walmart card with a $700 CL. I do shop there sometimes and can use it online, I will have to monitor to this too and we'll see what happens since we were approved about the same time. I just think using it at least a little each month and paying it off still shows good credit. I just wonder if people have had good experiences with this card?
I'll defs try to keep this updated so that others can search and see the end result! I mean, one of the only reasons I applied (besides the FICO) is because it seems to be almost unanimous on here that the Walmart card is wonderful and grows with you and a pretty steady rate. I could be wrong about that and if I am then I hope someone will correct me, but that's what I often read on here. People seem to be very happy with the card and its rate of growth, which I think is really good news to hear about a store card!
