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Valued Contributor
jamesdwi
Posts: 1,970
Registered: ‎09-16-2011
0

Re: Walmart Credit Card Cash Monthly Limit?

[ Edited ]

pozativelyliving wrote:

It seems like there is no set % of a credit line or a set number for a monthly max cash back. The numbers are all over the place.  

 

I also thought that banks frowned apon getting cash back or taking a cash advance.  Doesn't seem like it matter here.


I saw a pattern but too tired to work out the math,  their is a minimum they give out, and then you get a precent of your credit line up to 200 rounded to the nearest $20, unless you have the discover version where its up to a max of $400.  which maxes sense since you can take up to $100 per transaction. 


Cards: Chase Southwest 20k & CSP 10k & Freedom 6.6k & Amtrak 4.6k, FNBO DISC 14.9k Oregon Duck 5k, & AMEX BCP 15k & Hilton Surpass 7.5k & Delta Gold 6k & Zync NPSL, Sally Mae5k Sams Club MC 10k, Paypal Extras MC 6k, CapOne QS 2.5k, QS 750, Amazon 3.9k, Walmart 4.5k, Citi Simplicity 7k, HHonors Gold 1k (moved 5k CL to Simplicity), Discover IT 6.5k and a nice stack of store cards.
Last APP 12/15/2014
Valued Contributor
kevinjjc
Posts: 1,375
Registered: ‎01-14-2009
0

Re: Walmart Credit Card Cash Monthly Limit?

It seems like your cash limit has more to do with how long you've been a cardmember instead of your credit limit.
Frequent Contributor
SwampSystems
Posts: 358
Registered: ‎06-25-2012
0

Re: Walmart Credit Card Cash Monthly Limit?


jamesdwi wrote:

pozativelyliving wrote:

It seems like there is no set % of a credit line or a set number for a monthly max cash back. The numbers are all over the place.  

 

I also thought that banks frowned apon getting cash back or taking a cash advance.  Doesn't seem like it matter here.


I saw a pattern but too tired to work out the math,  their is a minimum they give out, and then you get a precent of your credit line up to 200 rounded to the nearest $20, unless you have the discover version where its up to a max of $400.  which maxes sense since you can take up to $100 per transaction


Mine doesn't fit your pattern, as I only have the store card and my quick cash limit is over $300, with a max of $60 per transaction last time I used it.

Frequent Contributor
SwampSystems
Posts: 358
Registered: ‎06-25-2012
0

Re: Walmart Credit Card Cash Monthly Limit?

Here's an update for you guys. Today I got a CLI on my Walmart Store card through an underwriter to $10,000. I was told my cashback limit is $1,110, with a $60 limit within 24 hours. That is approximately 11% of my CL.

Established Contributor
orl2185
Posts: 778
Registered: ‎03-07-2007
0

Re: Walmart Credit Card Cash Monthly Limit?

[ Edited ]

Walmart Discover....

 

Current Balance* :$0.00 
Minimum Payment Due :$0.00 
Payment Due Date :09/25/2012 
 
 
 
Available Credit* :$9,800.00 
Available For Cash Advance* :$917.00 
Total Credit Limit :$9,800.00

Starting Score: 621
Current Score: 784
Goal Score: 800


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Regular Contributor
pozativelyliving
Posts: 237
Registered: ‎07-13-2012
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Re: Walmart Credit Card Cash Monthly Limit?

Great credits lines for a store card! 

 

Another question about the cash back feature, is the amount that your allowed per month or, per credit line.  My CL is $600. $120 for a cash advances. Say I take the full $120. the first month then make the minimum monthly payment ($30.00?), what becomes available for cash back?   Just trying to figure out how this works.

EX 638 (Lender 9/1) TA 650(Walmart 9/1) EQ 655 (FICO - 9/17)
Goal - 700 Club in '13!!!

My Wallet - Cap 1 - $300. Cap 1 - $750. Orchard - $950.
New as of 8/29 - Target - $3000. Barclay's - $2000. Merrick - $1000. Walmart $600. And as of 9/22 - JCP $200.
Valued Contributor
Duncanrr
Posts: 2,857
Registered: ‎06-08-2012
0

Re: Walmart Credit Card Cash Monthly Limit?

Just tried mine for first time. I've had card for a week and my credit limit is $1800. I took out $100 and have $360 available for cash advances.


Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 710 TU 727 EX 704 CK 719(FAKO-EX 697, EQ 697, TU 697)
Goal Score: 750

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Established Contributor
emptypockets
Posts: 1,018
Registered: ‎02-03-2009
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Re: Walmart Credit Card Cash Monthly Limit?

My limit is $4600, limit for quick cash/cash advance is $920 (per my last statement). 


CC's: AMEX (4), Alliant Visa, PenFed AMEX, Pen Fed Promise, Citi (4), Chase (6), Nordstrom Visa,US Bank Cash+, Huntington Voice, UMB Visa, Nasa FCU Plat Cash Visa, Barclay's Visa, Citi (4), Discover IT, Walmart Discover, Sam's MC, Cabela's Visa, Cap One QS, BOA (2), BMW Visa, Comenity Visa/MC (3), Ebates Visa Siggy, 5/3 RLR MC, DC Premier MC, Macy's AMEX; A few store cards.

Current Scores: EQ My Fico (12/14): 785; TU MyFico (12/14): 795; EX (My Fico): 765; Walmart TU Fico 08 (12/2014): 788
Established Contributor
lithium78
Posts: 930
Registered: ‎07-30-2011
0

Re: Walmart Credit Card Cash Monthly Limit?

My CL on my Walmart Discover is $2000 and the cash limit is $400.  I used this feature when I moved to another state several years ago and it really is very useful.


Starting Score: TU: 566
Current Score: TU: 741 (Discover FICO); EQ: 755 (MyFico) EX: 774 (FAKO)
Goal Score: 800

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New Member
Det_Busa
Posts: 8
Registered: ‎09-28-2012
0

Re: Walmart Credit Card Cash Monthly Limit?

Do you remember how long it was before they upgraded you to the Walmart Discover?

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