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Regular Contributor
Posts: 114
Registered: ‎08-29-2012
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Walmart upgrade?

I logged in today and see an offer to upgrade my Walmart card to a Walmart Discover. I'm wary about it. Is this an offer to apply for their credit card or an invitation to upgrade?


Wallet: Capital One Platinum - $2000, Amazon - $3000, Walmart - $3000, Discover It - $1000, Chase Freedom - $3000
Current Score: TU98: 678 - 2/2012, Walmart TU - 672 2/2013, Equifax 713 - 1/2013
Goal Score: 700 for all three.
GC Challenge: App free since 1/2013. No more apps! 2015 for mortgage!
Moderator
Posts: 27,207
Registered: ‎09-13-2012
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Re: Walmart upgrade?


PleioneG wrote:

I logged in today and see an offer to upgrade my Walmart card to a Walmart Discover. I'm wary about it. Is this an offer to apply for their credit card or an invitation to upgrade?


It's an upgrade.  If you accept the process will take about 60 days and it will be a new TL. 

Regular Contributor
Posts: 191
Registered: ‎11-23-2013
0

Re: Walmart upgrade?

One thing to beware of is that if you do accept the offer, as Lexie said, it is a new tradeline, so it will affect your AAOA. Anecdotally, I've heard that if you use the online service to activate your card upon arrival, that you won't receive a CLI, but that if you call the number to activate it you get one. I just upgraded yesterday and haven't yet received my card, so I've been unable to test this theory. 

All I have for this forum is bubblegum and anecdotal evidence, and I'm all out of bubblegum.
Regular Contributor
Posts: 114
Registered: ‎08-29-2012
0

Re: Walmart upgrade?

Damn it. I talked to the rep and asked if this would be a new trade line if I upgraded and he said no. I should have declined. My aaoa is already too short. Not happy about this.

When I accepted the offer online it was only a 100 dollar increase. Is this typical? Will the real increase happen when I call to activate?

Wallet: Capital One Platinum - $2000, Amazon - $3000, Walmart - $3000, Discover It - $1000, Chase Freedom - $3000
Current Score: TU98: 678 - 2/2012, Walmart TU - 672 2/2013, Equifax 713 - 1/2013
Goal Score: 700 for all three.
GC Challenge: App free since 1/2013. No more apps! 2015 for mortgage!
Regular Contributor
Posts: 240
Registered: ‎02-03-2013
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Re: Walmart upgrade?

Don't beat yourself up over it! Smiley Wink

 

I usually tell people not to get it because of the AAOA hit and APR (since its fixed at around 22%)  BUT in your case based on your sig, it would be a great addition. Your credit is growing, just try to PIF if possible. 

 

I declined a few weeks ago because I already have enough creditcards. I've been using the Walmart for Fico and for 6, 12, 18, and 24 0% promos. 

Mega Contributor
Posts: 16,811
Registered: ‎08-08-2011
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Re: Walmart upgrade?

Most when they activated by phone got a CLI. Mine went from $3300 to $5000. YMMV Congrats on the upgrade.

US Bank Cash+ (VSig) $10k / US Bank Ace (VSig) $10K / Discover IT $10k
Sam's Mastercard $8.5k / Walmart Mastercard $8k / PayPal SmartConnect $5.1k
CareCredit $5k / Husq $5k / Cap1 QS $4.5k / Barclay Ring $3.55k / Citi DC (WMC) $3k
Gardening Date 5/8/15 / MyFico 08: EQ 729 / TU 724 / EX 750 / 7/12/15
Moderator
Posts: 27,207
Registered: ‎09-13-2012
0

Re: Walmart upgrade?


PleioneG wrote:
Damn it. I talked to the rep and asked if this would be a new trade line if I upgraded and he said no. I should have declined. My aaoa is already too short. Not happy about this.

When I accepted the offer online it was only a 100 dollar increase. Is this typical? Will the real increase happen when I call to activate?

They told me the same;  I even saved the chat so I could go back and laugh.  Luckily, I knew it would result in a new TL -just goes to show that they have no idea when they are answering consumer questions.  

 

In fact, my CSR went so far as to say 'of course it's not a new account, you didn't apply for a new credit card; everything will remain the same'.  Shaking my head! 

Regular Contributor
Posts: 114
Registered: ‎08-29-2012
0

Re: Walmart upgrade?

I wonder if it's too late to decline. 


Wallet: Capital One Platinum - $2000, Amazon - $3000, Walmart - $3000, Discover It - $1000, Chase Freedom - $3000
Current Score: TU98: 678 - 2/2012, Walmart TU - 672 2/2013, Equifax 713 - 1/2013
Goal Score: 700 for all three.
GC Challenge: App free since 1/2013. No more apps! 2015 for mortgage!
Valued Contributor
Posts: 1,585
Registered: ‎11-10-2012
0

Re: Walmart upgrade?


PleioneG wrote:

I logged in today and see an offer to upgrade my Walmart card to a Walmart Discover. I'm wary about it. Is this an offer to apply for their credit card or an invitation to upgrade?


That's the reason I won't upgrade, because it is a new TL and they close the store account. I already have the IT card, so I don't need the Walmart version. Plus I get the FICO with the store card anyway...Smiley Wink.

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Established Member
Posts: 20
Registered: ‎05-25-2013
0

Re: Walmart upgrade?

Ok so I had the offer to upgrade to the Discover version in my account last night. I accepted the offer. Today I paid off the store card to $0. I just had a Luv button CLI two weeks ago $1200->$2000. How would that affect a possible CLI on the this Discover when I activate?



In the garden since 06/11/2013

CapOne Platinum MC $3,000/Discover IT $2,000/WalMart $2,000/BestBuy MC (AU) $900/Target $700/BofA Bank Americard $500

As of 12/13/13 - TU: 698 EXP:699 EQ:660
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