topic Re: Walmart upgrade to MC in Credit Cards

Walmart upgrade to MC

Jaybone2 — Sun, 15 Nov 2015 14:57:50 GMT

Hi All

I opened a Walmart store card 2 years ago. One of my first since starting to rebuild. CL was $600 than $1100 then $2700.

They recently sent me a MC(transferred the store card balance and closed it) with a $5000 CL which is awesome.

The only downside is that now it showed up on myfico as being a new account and dropped my score a couple of points.

I have been trying to let my AAoA grow so I havent app'd in a year.

Does anyone have any experience with this?

I was hoping it would be listed as the age of the store card.

Is it worth calling the rep and seeing if they can age it?

Thanks

Re: Walmart upgrade to MC

Anonymous — Sun, 15 Nov 2015 15:30:14 GMT

I don't know to much about this stuff but it's worth a call to ask.

Re: Walmart upgrade to MC

myjourney — Mon, 16 Nov 2015 00:28:59 GMT

Sorry to say there's no use in calling

The new card is a new T/L and nothing can be done about it ......

I've turned the upgrade down twice for that very reason

1) it reports as a new account and thus affects my AAoA

2) the rewards at best are meh

Re: Walmart upgrade to MC

9CLINE — Mon, 16 Nov 2015 01:08:40 GMT

+1
yeap usually how it shows as new acct...so I guess you have to choose like myjourney did...
Good luck ........

Re: Walmart upgrade to MC

myjourney — Mon, 16 Nov 2015 01:14:07 GMT

@9CLINE wrote:
+1
yeap usually how it shows as new acct...so I guess you have to choose like myjourney did...
Good luck ........

Yep the offer when mailed gives you 90 days to accept or deny...

If you accept no action is required and your new card will show up

If you decline they supply a phone number to call (automated system)

Re: Walmart upgrade to MC

Anonymous — Mon, 16 Nov 2015 01:22:46 GMT

It's a new account so they won't age it. Sorry.

Re: Walmart upgrade to MC

Jaybone2 — Mon, 16 Nov 2015 04:26:12 GMT

Thanks

Re: Walmart upgrade to MC

Anonymous — Sat, 05 Dec 2015 04:16:36 GMT

I just got prison r^ped by Equifax for converting my Walmart store card to a Walmart MC (no inquiry). My overall AAoA was lowered from 7.8yrs to 7.2yrs and my Equifax FICO score dropped 14pts once the Walmart card got closed! **bleep**? Credit utilization stayed the same.

God, I HATE Equifax with a bloody Game of Thrones passion.

Re: Walmart upgrade to MC

UncleB — Sat, 05 Dec 2015 04:47:37 GMT

@Anonymous wrote:
I just got prison r^ped by Equifax for converting my Walmart store card to a Walmart MC (no inquiry). My overall AAoA was lowered from 7.8yrs to 7.2yrs and my Equifax FICO score dropped 14pts once the Walmart card got closed! **bleep**? Credit utilization stayed the same.

God, I HATE Equifax with a bloody Game of Thrones passion.

If you think that's the "prison treatment", just wait until your only (closed/PIF) mortgage account ages off your reports... a 0.6 decrease in AAoA will seem like a "hug" in comparison!

Re: Walmart upgrade to MC

Anonymous — Sat, 05 Dec 2015 07:45:16 GMT

I have both the store and MC. Couldn't you have both?