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Regular Contributor
Posts: 137
Registered: ‎09-10-2012
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Walmart CLI question

I heard you need at least 4 months before you can request CLI

Does it mean 4 statements?

Do you need to have used your card in all 4 months?

The thing is, when i got my card, 2 days later my first statement closed already and i didn't have time to make a purchase, so the first month i had a $0 balance, no statement

Does that mean i will need to wait 5 months and that that first cycle doesn't count ? or i can still apply for CLI anyway after 4 months ?


Starting Score: EX 734 TU 749
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Valued Contributor
Posts: 2,297
Registered: ‎07-23-2012
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Re: Walmart CLI question

what are your reports looking like? 

it doesn't mean statements themselves. if you have 0 balance it doesnt generate one. 

 

i made 2 purchases in the same week and actually returned half of the first one and after i pif (didnt even wait for the fourth statement) 

called in for a cli with a person and approved me for 3k from 800. 

my score was hovering around 690's and walmart tu was at 728 no baddies just lots of inq's and low aaoa. 

Current: Discover Fico 709 3/15 Walmart Fico 743 4/15

Inquiries (24 Months): EQ 6 TU 1 EX 6 | Most Recent: 4/09/2015
Over 12 Months:9


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Regular Contributor
Posts: 137
Registered: ‎09-10-2012
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Re: Walmart CLI question

i only made one purchase in my second cycle, 2 weeks ago, my statement closes in 10 days

 

which number did you call? backdoor number ?

 


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Current Score: EX 734 TU 749
Goal Score: EX 766 TU 770


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Regular Contributor
Posts: 137
Registered: ‎09-10-2012
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Re: Walmart CLI question

all my reports are clean, no negatives

only short report, 5 months long, next month i will get my first score


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Current Score: EX 734 TU 749
Goal Score: EX 766 TU 770


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Established Contributor
Posts: 697
Registered: ‎03-16-2012
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Re: Walmart CLI question

You dont need 4th statement to ask for cli, you can do it after 2-3 months by calling an underwriter....i opened mine last may with cl of $500...auto increased it to $900 in august and last week,i called to ask for another increase and asked for total limit of $3k but only approved $2k ....i have one collection from 6+ yrs, 3 charged offs ...and 12 inquiries in two yrs... Only asked me about my collection and they approved it!

Starting Score: TU: 598 03/23/2012 EQ:607 05/24/2012 EX:607 04/26/2012 (lender pull) EX FAKO:522 03/2012
Current Score: TU(Myfico)04/2013:689 EQ(Myfico)04/2013:701 EX(AMEX pull)04/01/2013:675 (CreditSecure FAKOS) 5/14/2013 EX:726 EQ:701 TU:730 TU(Walmart):699
Barclay Rewards:5k/Cap1:$3.5k/Cap1:$2.5k/Citi TYP:2k/Freedom:$5k/Slate:3k/Marriott visa sig 5k/BCE:$1k/Zync: $500 PSL/Discover IT:$1.9k/Walmart:$8k/Chevron:$5k/Gap:$5k/Kay:$3.4kk



Valued Contributor
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Re: Walmart CLI question


pat0812 wrote:

i only made one purchase in my second cycle, 2 weeks ago, my statement closes in 10 days

 

which number did you call? backdoor number ?

 


yeah the one in the back door thread. 

 

it gave me the automated crap and i just kept hitting 0 until a live person came on and asked for it there. so technically i didnt speak to an underwriter but the rep fowarded it to them i guess. 

Current: Discover Fico 709 3/15 Walmart Fico 743 4/15

Inquiries (24 Months): EQ 6 TU 1 EX 6 | Most Recent: 4/09/2015
Over 12 Months:9


2015 Goals:
Lower Utility
Earn Cash Back

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$7,400
Citi DC $10,000
Citizens Mastercard$7,000
Senior Contributor
Posts: 6,279
Registered: ‎08-16-2012
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Re: Walmart CLI question

Yeah, ime you need four statements with a balance and you need to make four on time payments to get the cli or you will get a cli denial every time with "not enough experience at current credit limit" from most gecrb cards.

So not using it for four months and keeping a zero bal will get you DENIED for a cli. From what Ive seen, they'll do auto clis after 2-3 statements if you PIF! :-)
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| BOA Better Bal $17.5k |Wmt Discover $12.5k | BR Visa $17.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
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Valued Contributor
Posts: 2,297
Registered: ‎07-23-2012
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Re: Walmart CLI question


youngandcreditwrthy wrote:
Yeah, ime you need four statements with a balance and you need to make four on time payments to get the cli or you will get a cli denial every time with "not enough experience at current credit limit" from most gecrb cards.

So not using it for four months and keeping a zero bal will get you DENIED for a cli. From what Ive seen, they'll do auto clis after 2-3 statements if you PIF! :-)

its clearly ymmv then. like stated i used the card 2 times in september for a total of 184 dollars and returned about 35 of that. 

pif before statement was due. 

a balance was never reported. 

i still dont have a generated statement

but like i said i was denied via auto system but when i talked to the person i got approved.

Current: Discover Fico 709 3/15 Walmart Fico 743 4/15

Inquiries (24 Months): EQ 6 TU 1 EX 6 | Most Recent: 4/09/2015
Over 12 Months:9


2015 Goals:
Lower Utility
Earn Cash Back

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$7,400
Citi DC $10,000
Citizens Mastercard$7,000
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