01-26-2013 02:20 PM
I recently was approved for a Walmart card in 11/12. I have a net income of 75,000, but rebuilding credit. I have been rejected for a few GE cards that I had applied for before the Walmart card, so I never felt the love that everyone on these forums speak of in their GE posts. So on approval I get a credit limit of $150! I was surprised at the low limit, and then I was rejected for an increase. I called again when I received the card for CLI, but rejected again. I pay after using and paying in full mostly at time of purchase or a few days later. So I decided to try again with the CLI. Rejected again yesterday! I think maybe GE made a mistake in actually approving me for the card in the first place, because I have been refused an increase so many times and with such a low limit. I don't know what I should do with this card. Should I close it or just keep it? I don't know what to do.
01-26-2013 02:36 PM
I would keep it if I were you. If you are rebuilding credit, I think any credit is helpful in the rebuilding process. More importantly, you get a free fico score which is very nice to have.
01-26-2013 02:37 PM
keep it. every month that passes in good standing is making your score improve even you cant see it daily. Normally they wont consider a CLI increase until at least 6-7 months of use and some cards are 1 yr.
What other cards to you have if any?
How long have you had the walmart card?
01-26-2013 02:58 PM
4 months. You need to wait 4 months until you are ready for a CLI from them.
01-28-2013 07:11 AM
yes, just be patient with them. you got your foot in the door with the card, better than nothing at all. the card will grow with you
01-28-2013 10:39 PM
I would definitely keep it, it's not gonna hurt you only help you. I got my Walmart card about 1 month ago and couldn't believe I was approved for $200!! From what I've been reading here, usually when they give you a cli, it's pretty generous. Just keep doing what your doing and be patient. Good Luck!!