Reply
Regular Contributor
crazysxycool
Posts: 176
Registered: ‎08-21-2010
0

Re: walmart GE card


MyCreditStinks wrote:

For those that got $75 - $125 increases, do you put high usage on your card? From what I read, GEMB likes to see alot of usage when doing CLI. Maybe that is a reason why they are handing out small CLI's. I haven't hit the 4th month mark with my Walmart card yet, but I have been doing pretty good about paying at least half of the balance when I can't PIF and making sure I put some good usage on it. I actually picked up some groceries last night from Walmart and made sure I put it on the card. 


Hmmm...that could be true.  I only charged mine half way up and gradually paid off the balance without using it again.


Starting Score: TU: 663 EQ: 632 EX: ?
Current Score: TU: 721 (12/02/12) EQ: 704 (12/2012 via SW) EX: 712 (11/19/12 via Amex)
Goal Score: 700 (ALL)


Take the FICO Fitness Challenge
Moderator Emerita
LilMirth
Posts: 3,091
Registered: ‎08-09-2008
0

Re: walmart GE card


MyCreditStinks wrote:

For those that got $75 - $125 increases, do you put high usage on your card? From what I read, GEMB likes to see alot of usage when doing CLI. Maybe that is a reason why they are handing out small CLI's. I haven't hit the 4th month mark with my Walmart card yet, but I have been doing pretty good about paying at least half of the balance when I can't PIF and making sure I put some good usage on it. I actually picked up some groceries last night from Walmart and made sure I put it on the card. 


Just to show how wonky CC issuers can be--

 

I've had a GEMB Walmart card since August of 2008 (one of my 'got it while rebuilding and regret getting it' cards). I've used the card five times... three times in 2008, two times in 2009. Used for smallish purchases ($100 to $300) and PIF within a day or so. It's been a year since the card has been used, period... I think I saw some dust bunnies setting up housekeeping on it, LOL! I've been waiting to see how long it will take for it to get closed by the lender for lack of use.

 

Still, I get a $125 CLI every four months, like clockwork. Zero use. Zero payments in a year. Three CLIs since that last payment. Go figure.

-------------------------------------------


Friendly, Supportive & Respectful


Understanding Your FICO Score  |  Credit Scoring 101  |  Common Abbreviations  |  FTC: FCRA Links  |  FTC: FDCPA Links  |  Opt-Out  |  State Resources


"However gradual may be the growth of confidence, that of credit requires still more time to arrive at maturity” ~ Benjamin Disraeli

Frequent Contributor
Cleanmachine
Posts: 399
Registered: ‎04-30-2008
0

Re: walmart GE card

I’m not to sure about that. They seem to have a policy of not being consistent with their customers.

 

I opened my card in May, 2010 with a credit line of $950.00. Not sure why the unusual credit line. Come September, they sent me a letter congratulating me on obtaining a credit limit of $1000.00.

 

Are you serious????? A Fifty dollar ($50.00) increase.

 

To be fair, when we first opened the card we had “Zero” APR for the first six months, however, it was paid off in four months. The current APR is 22.90%

 

We pay the balance 5-days before to the closing date on line. It takes them 4-5days to credit the account.


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}