topic Re: Walmart CLI request in Credit Cards

Walmart CLI request

iBooger — Mon, 20 Dec 2010 23:35:31 GMT

Yeah, I know there are a lot of threads on the subject, but I'm still going to ask. I have had this card since August, and I just made my fourth payment on the 15th of December. It is currently listed as pending, but it has come out of my bank account. I was wondering if I should wait until I make my 5th payment, or just after my payment is complete to request an increase?

Re: Walmart CLI request

Creditaddict — Mon, 20 Dec 2010 23:42:23 GMT

@iBooger wrote:
Yeah, I know there are a lot of threads on the subject, but I'm still going to ask. I have had this card since August, and I just made my fourth payment on the 15th of December. It is currently listed as pending, but it has come out of my bank account. I was wondering if I should wait until I make my 5th payment, or just after my payment is complete to request an increase?

After payment posts and clears you should be good, I'm surprised you didn't get auto... everyone has been reporting at 4 months going from $300-700 or $700-$1100 auto

Re: Walmart CLI request

iBooger — Tue, 21 Dec 2010 20:33:14 GMT

They denied me. I guess I will just wait until 6 months.

Re: Walmart CLI request

Datx — Tue, 21 Dec 2010 21:20:32 GMT

If you don't mind me asking, did they give you an reasons for the CLI denial? Just curious because I will be in the same situation here in the next few days.

Re: Walmart CLI request

iBooger — Tue, 21 Dec 2010 21:36:58 GMT

I'm not sure if they gave me a reason yet. They will probably tell me that I haven't had enough experience with this card or something.

Re: Walmart CLI request

MarineVietVet — Tue, 21 Dec 2010 21:39:34 GMT

@iBooger wrote:
I'm not sure if they gave me a reason yet. They will probably tell me that I haven't had enough experience with this card or something.

They are required to tell you in a letter why you were denied and what CRA was used to get information. Let everyone know what the reason or reasons were.

From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 10/10-813, TU - 10/10-774

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

Re: Walmart CLI request

tsquad131 — Wed, 22 Dec 2010 16:04:07 GMT

whenever I got denied for a walmart cli increase, it was due to insufficient experience at my current credit limit which means more time has to pass by but I've been able to request one every 4 statements. The letters I have gotten in the past because I would request one too soon wouldnt have a credit bureau listed on it for using it as part of the decision so I dont think they even check at all as long as you were good to them.

Re: Walmart CLI request

Smug — Wed, 22 Dec 2010 16:05:52 GMT

I got denied too, however maybe getting 2 caps and a discover in the last few months hurt it

Re: Walmart CLI request

MarineVietVet — Wed, 22 Dec 2010 16:15:59 GMT

@tsquad131 wrote:
whenever I got denied for a walmart cli increase, it was due to insufficient experience at my current credit limit which means more time has to pass by but I've been able to request one every 4 statements. The letters I have gotten in the past because I would request one too soon wouldnt have a credit bureau listed on it for using it as part of the decision so I dont think they even check at all as long as you were good to them.

I realize I spoke too soon. That's what I get for reading too fast.

What I was talking about was denial for new credit and not denial for a CLI. I apologize for my error.

Re: Walmart CLI request

tsquad131 — Wed, 22 Dec 2010 17:44:30 GMT

its not even new accounts, its how ge money bank works, you can only request a cli every 4 months or statements. They are always small increases and even if you have immaculate credit with a 750+ fico you will only get small limits and small increases, they are just stingy. You can search around and people will tell you the same thing. They are very conservative when it comes to credit limits. But not as bad as capital one who doesnt give cli's at all

Re: Walmart CLI request

JayRizzo — Wed, 22 Dec 2010 18:09:39 GMT

When I did my first CLI attempt, it was denied. Customer Service explained that I basically acquired a card and used it once, then carried a zero balance for about 5 months. The associate suggested I purchase something small (soda and/or candy) AND get a cash advance for any amount up to your max allowed cash advance limit at the cash register. Immediately walk over to their Kiosk machine or Guest Services counter and pay the money back -- add an additional 5 bucks, since you've purchased soda or candy just to cover yourself. Do this at least once a month and you've built a history with Walmart. No worries about high interest because your payment posts immediately or next day while your purchase are still pending, therefore, No Interest Charges. Now, I can confidently click the LUV button on their website every 4 months and see an increase.

Re: Walmart CLI request

Tazman81 — Wed, 22 Dec 2010 18:12:48 GMT

@JayRizzo wrote:
When I did my first CLI attempt, it was denied. Customer Service explained that I basically acquired a card and used it once, then carried a zero balance for about 5 months. The associate suggested I purchase something small (soda and/or candy) AND get a cash advance for any amount up to your max allowed cash advance limit at the cash register. Immediately walk over to their Kiosk machine or Guest Services counter and pay the money back -- add an additional 5 bucks, since you've purchased soda or candy just to cover yourself. Do this at least once a month and you've built a history with Walmart. No worries about high interest because your payment posts immediately or next day while your purchase are still pending, therefore, No Interest Charges. Now, I can confidently click the LUV button on their website every 4 months and see an increase.

I am assuming with this methology, they are not charging you a cash advance fee?

Re: Walmart CLI request

Anonymous — Wed, 22 Dec 2010 19:50:59 GMT

Nope, with the walmart card you can get cash back and it shows up on your statement as a charge - not as a cash advance.

Re: Walmart CLI request

iBooger — Fri, 07 Jan 2011 05:09:44 GMT

I got one of those letters saying that I don't have enough experience with this card.

Re: Walmart CLI request

JayRizzo — Fri, 07 Jan 2011 12:01:20 GMT

iB, I believe you'll get an automatic CLI sometime this month just like c.a. stated... every 4th month with GE. Most times we hit the CLI button too soon, but as I stated in an earlier post... I have a monthly routine that doesn't cost anything but a couple of bucks and patiently waiting for the 4th month -- now it's automatic, I no longer have to click the LUV button.

Re: Walmart CLI request

Smug — Fri, 07 Jan 2011 12:29:30 GMT

Sorry thought I was denied, approved ...yeah....

Re: Walmart CLI request

JayRizzo — Fri, 07 Jan 2011 12:34:44 GMT

smug, were you approved for a CLI or the card?

Re: Walmart CLI request

Smug — Fri, 07 Jan 2011 12:54:57 GMT

The card, I thought I was denied than got the letter it said to call, was approved that minute

Re: Walmart CLI request

Smug — Fri, 07 Jan 2011 12:56:07 GMT

Card should be here soon...

Re: Walmart CLI request

JayRizzo — Fri, 07 Jan 2011 13:24:10 GMT

Sweeeeeeeeeet!!! Congratulations! I'll put on my blue vest and do the official Wally-world Greeting... Welcome to Walmart. Shopping carts to your left, sales paper to your right! hee hee hee