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Valued Member
arlibguy
Posts: 41
Registered: ‎05-18-2011

Walmart upgrade: take it or wait?

I logged into my WM account online and received the Discover card upgrade offer. I opened Citi Forward and Chase Southwest accounts in May. I am told WM will close the current card and issue a new account number, which will show up as a new account on my credit report.

I also have a BoA and Citi Dividend card, one which is 2.5 yrs old and the other, a little under 2 yrs. I have a few store cards between 2 and 3 yrs old.

Should I hold off on the WM upgrade, so as not to spoof my other creditors?

FYI...
In the last 12 months, I have had the following number of inquiries:
TU: 1
EX: 2
EQ: 2

Thanks in advance for your input.

Starting Score: 10-2011 TU-08 FICO 725 (Walmart) / EQ FICO 683 (MyFICO)
Current Score: 03-2014 TU 08 (Walmart) 729 / EQ 726 (MyFICO)
Goal Score: 750+

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Moderator Emeritus
webhopper
Posts: 7,230
Registered: ‎09-16-2011

Re: Walmart upgrade: take it or wait?

You should do it and let them all age together. Otherwise; you can just keep the store card version.

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
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Regular Contributor
CK_Charles_Lover
Posts: 248
Registered: ‎09-02-2011

Re: Walmart upgrade: take it or wait?

I did it. None of my other creditors cared. Besides it shows up on your report as a new account yes, but it also shows the old one as "closed/paid" any credit analyst will know that it was an upgrade. I say do it, plus you will probably get an auto-CLI. 

Trans Union Fico (Walmart) ,690 Experian Fico (Amex) 686(Opened 3 new accounts this month. In the Garden)


AMEX BCE ($19,500) AMEX PRG -(NPSL), BARCLAYS US AIR PREMIER WORLD ($10,000), BOA CASH REWARD -($6,000), CITI HILTON RESERVE SIGGY-(5,000), WALMART DISCOVER ( $5,800), CITI DIAMOND ($4,700), CITI DIVIDED WORLD ($4,500), AMAZON STORE($5,000), NORDSTROM VISA SIG($5,000), PAYPAL STORE ($4,000) Amex Delta Gold ($2000)
Senior Contributor
bichonmom
Posts: 3,318
Registered: ‎05-05-2011

Re: Walmart upgrade: take it or wait?

Congrats! I'm hoping they'll give me an upgrade later this year, when my card turns 1 year. I would go for it if I were you, if you forsee yourself using the card. Your aging will take a slight ding, but you'll recoup any loss in FICO in a short time.

 

 

~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*
EQ FICO 750 | TU FICO 761 (Walmart) | EX FAKO 767 | Goal: 800+

Edits, funky spacing and spelling due to my iPad not getting along with the forum editor!

Valued Member
arlibguy
Posts: 41
Registered: ‎05-18-2011

Re: Walmart upgrade: take it or wait?

Thanks for all of the replies.

 

I bit the bullet and accepted the upgrade offer. My CL went from $1300 to $3500.

 

Pleasant surprise!

 

I'm in the garden now, having opened 3 new cards this year.


Starting Score: 10-2011 TU-08 FICO 725 (Walmart) / EQ FICO 683 (MyFICO)
Current Score: 03-2014 TU 08 (Walmart) 729 / EQ 726 (MyFICO)
Goal Score: 750+

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Regular Contributor
Scope27
Posts: 232
Registered: ‎08-30-2011

Re: Walmart upgrade: take it or wait?

How long have you had the Walmart store card?
Valued Member
arlibguy
Posts: 41
Registered: ‎05-18-2011

Re: Walmart upgrade: take it or wait?

[ Edited ]

Almost 3 years. Keep in mind, though, that I had a Chapter 7 bankruptcy that just fell off my credit reports this May.

 

 


Starting Score: 10-2011 TU-08 FICO 725 (Walmart) / EQ FICO 683 (MyFICO)
Current Score: 03-2014 TU 08 (Walmart) 729 / EQ 726 (MyFICO)
Goal Score: 750+

Take the FICO Fitness Challenge
Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011

Re: Walmart upgrade: take it or wait?

3 yrs for an upgrade offer, I hope they don't make me wait that long! :smileysad:



Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Regular Contributor
CK_Charles_Lover
Posts: 248
Registered: ‎09-02-2011

Re: Walmart upgrade: take it or wait?

great! You'll be glad you did!

Trans Union Fico (Walmart) ,690 Experian Fico (Amex) 686(Opened 3 new accounts this month. In the Garden)


AMEX BCE ($19,500) AMEX PRG -(NPSL), BARCLAYS US AIR PREMIER WORLD ($10,000), BOA CASH REWARD -($6,000), CITI HILTON RESERVE SIGGY-(5,000), WALMART DISCOVER ( $5,800), CITI DIAMOND ($4,700), CITI DIVIDED WORLD ($4,500), AMAZON STORE($5,000), NORDSTROM VISA SIG($5,000), PAYPAL STORE ($4,000) Amex Delta Gold ($2000)
Established Contributor
frogfan12
Posts: 872
Registered: ‎10-16-2010

Re: Walmart upgrade: take it or wait?

Congrats on the upgrade! :smileyhappy:


Starting Score: 760
Current Score: 716 Equifax 754 TU 736 Experian
Goal Score: 760

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