topic Re: Walmart AA in Credit Cards

Walmart AA (UPDATE!)

Anonymous — Wed, 18 Apr 2018 19:04:20 GMT

Update:
So I've received the letter explaining why they closed my account. They've pulled Experian and the reasons are:

1. Low level of authentication indicative of ID Fraud
2. Presence of recently opened inquiry or too many inquires in the last 6 months
3. More than 3 inquires in the last 30 days

Strange, I know I have a lot of inquires but I believe the main reason is because they are trying to close down cards who they believe might be a victim of fraud. Looking at you Equifax.

Spoke with the representative, there's no way to get the account reopened and to only apply in the future. Also, they have been instructed to refer every caller to Experian regarding this issue.

Just logged on to my Walmart account and got the big red "Your account is now closed" ribbon on top. I think it's because of the new inquiries that I've gotten because of a car loan... Or it could be the excessive request for a CLI... Tell me what you think it is? I have 3 synchrony accounts but they only closed the Walmart account. I've never made a late payment and I've used it just last week.

Re: Walmart AA

Anonymous — Wed, 28 Mar 2018 01:01:14 GMT

What is your utilization on the Walmart card and other cards?

Re: Walmart AA

Anonymous — Wed, 28 Mar 2018 01:03:23 GMT

Lol it was for $7,000 and I only had $36 on the balance... My Amazon was for $6,000 @ $100 balance and CheapOAir for $8,000 @ 0 Balance.

Re: Walmart AA

Loquat — Wed, 28 Mar 2018 01:14:15 GMT

In my experience, Synchrony isn't inquiry sensitive...I would be interested to know what they're reasoning is unless it's from the frequent request for increases. Please do share if you don't mind OP when you find out.

Re: Walmart AA

Anonymous — Wed, 28 Mar 2018 01:11:41 GMT

yea please let us know what they say

Re: Walmart AA

AverageJoesCredit — Wed, 28 Mar 2018 01:14:01 GMT

Sorry to hear Op.This will be important to alot of people here as many of us have a Wally and some of us use it less frequently than we should. Ive asked to move this to credit cards for better coverage.

Whats your current TU score, has your report gotten any recent baddies, or sudden increases in balances on other cards? Thanks

Re: Walmart AA

Anonymous — Wed, 28 Mar 2018 01:19:57 GMT

Hey everyone, thanks for the reply. So my TransUnion score according to the Walmart website is 705. I haven't gotten any baddies at all, my credit is good besides just the inquiries and the new accounts, my utilization is literally at 0 percent now. I was planning to leave the 36 balance on my Wally card to report but I can't do that anymore lol. I'll post an update as soon as I get the letter! I'm guessing it's either the CLI requests or if it isn't the inquiries then it could be because I made a dispute with the CB about removing my brother's Wally account from my report as an authorized user because I have my own Wally card now.

Re: Walmart AA

Anonymous — Wed, 28 Mar 2018 02:50:22 GMT

Out of curiosity why did you dispute you being an AU on your brothers card? Just thinking out loud, but you may have burn some bridges with Sync on that one, could be wrong could not who knows.

Re: Walmart AA

Anonymous — Wed, 28 Mar 2018 06:06:34 GMT

You think so? I just said that I wanted the account to be removed from my report since I wasn't the primary account holder. I hope I didn't burn any Bridges with them by doing that.

Re: Walmart AA

Jnbmom — Wed, 28 Mar 2018 07:12:36 GMT

I am very curious to see why this closed your account. Are you going to call and ask why? And if so if you could let us know. I know there seems to be alot of walmart credit card holders here.

Thanks

Re: Walmart AA

Anonymous — Wed, 28 Mar 2018 12:00:07 GMT

I'd be interested to know too. Walmart is my second-smallest card now (at $4K) since I closed my Cap 1 secured, but I do use it (bought a new coffeemaker and bookcases over the past couple of weeks) and would be annoyed to have it closed all of a sudden. I actually got my most recent CLI on that card (a measly $500, but still) after I paid the card down earlier this month. I also wonder if maybe Sync took that dispute you filed with the CB about requesting to be removed as an AU on your brother's card in the wrong way. Also, again (if you didn't already say), how often were you making CLI requests? I haven't made any on my Walmart card between November and three weeks ago, so close to 4 months.

Re: Walmart AA

AverageJoesCredit — Wed, 28 Mar 2018 12:08:46 GMT

I dont believe it was requesting cli. Otherwise most everyone here would have a closed Wally

Something happened when you disputed the AU account and its possible some sort of fraud was flagged by doing this. Do you and your brother reside together? How is is credit. Could be all a mix up but if the computer told them to close it will probably be hard to reopen. The letter should provide some light though untilthen its all speculation

Re: Walmart AA

Anonymous — Wed, 28 Mar 2018 12:22:23 GMT

Must confess you scared the $%^& out of me. So, I checked mine to be certain it was still open. I rarely use mine. Think I'll buy something on the way home tonight.

I am with everyone else, please update.

Re: Walmart AA

Anonymous — Wed, 28 Mar 2018 16:02:37 GMT

Definitely not because of the CLIs. Did you maybe accidentally added your information to removal instead of your brothers when you sent to CB?

Re: Walmart AA

Anonymous — Wed, 28 Mar 2018 23:27:12 GMT

I went to check my balance tonight on my Walmart card and also found that my account was closed. I did have about a 50% balance at the time $2500 out of $5000. I chatted online a few minutes ago and I was referred to my TU report. The responses seemed to be scripted with no helpful answer. My TU score according to Walmart is 682. It has fluctuated from 682-702 over the past year. Im fairly new to credit and my score took a dive down when my AAoA went under a year. Another month or so it will be back up there. I have a few new accounts, Amex, Discover and Citi in the past 6 months but have had these when I received my last CLI from $1500 to $5000. Oh well. My only other is Paypal 2% and that hasn't been closed as of today.

Re: Walmart AA

Anonymous — Thu, 29 Mar 2018 00:27:10 GMT

Sorry to hear OP, but why not just call to find out why? Then again, they may say wait for the letter. Hope everything works out for you.

Re: Walmart AA

AverageJoesCredit — Thu, 29 Mar 2018 00:28:43 GMT

Wow crazy indeed. Perhaps you being so new to credit and them seeing multiple new accounts plus a high utilization spooked them. I think we are starting to see banks looking at anyone who suddenly jumps up in utilization as risks and are being premptive.

Having highcredit lmits is great but seems like a carch 22, if you actually use all that credit you can be deemed a risk, if you dont you arent using your credit limit to its fullest lol. Im sure if i were to go put a couple k on my Wally theyd probably shut me down faster than you can say Barclays AA. It would be out of the norm as i hardly use it and when i do i pay it off as fast as possible. No blue for this average joe

Re: Walmart AA

Anonymous — Thu, 29 Mar 2018 01:44:16 GMT

I've called and they just referred me to my credit report. I'm sure it was scripted.

Re: Walmart AA

Anonymous — Thu, 29 Mar 2018 01:45:58 GMT

I don't believe I did, my card was the MasterCard so it had the "DC" on the report and I disputed the one that was just the regular store card. The funny thing is I never stated that it was fraud, I just put down that I was an authorized user on the account and I wanted it removed.

Re: Walmart AA

Anonymous — Thu, 29 Mar 2018 01:46:52 GMT

I've called and they just tell me to wait for the letter since they can't explain why.