topic Re: Help! I need advice about Walmart Credit limit increase. in Credit Cards

Help! I need advice about Walmart Credit limit increase.

Anonymous — Thu, 27 Feb 2014 23:30:42 GMT

I have 3 credit cards all approved within this past month. I have one with Wellsfargo, one with Walmart, and a Paypal Extras Mastercard with a credit limit of $1000. My credit limit on the Wellsfargo card is $700, my starting limit on my walmart credit card was $150 but the same day I asked for a credit limit increase of $500 which got approved. However I wanted to ask for another credit limit increase of $1000 on the walmart credit card but I am not sure if I get it approved a second time in the same month, specially since I don't have a credit history with them yet. Should I wait a few months before asking for another increase? I appreciate any feedback. Walmart pulls transunion for credit decisions and while my credit report is clean, have a total of 8 inquiries this past year, 6 posted within this month.

My transunion Fico score is 674, My equifax Fico Score is 667 and My experian was 553 last time I checked. Currently this month my dept to credit limit utilization combining all my credit card limit is about 27%, and my income is about $22,000 a year.

Re: Help! I need advice about Walmart Credit limit increase.

Creditaddict — Thu, 27 Feb 2014 23:39:41 GMT

@Anonymous wrote:
I have 3 credit cards all approved within this past month. I have one with Wellsfargo, one with Walmart, and a Paypal Extras Mastercard with a credit limit of $1000. My credit limit on the Wellsfargo card is $700, my starting limit on my walmart credit card was $150 but the same day I asked for a credit limit increase of $500 which got approved. However I wanted to ask for another credit limit increase of $1000 on the walmart credit card but I am not sure if I get it approved a second time in the same month, specially since I don't have a credit history with them yet. Should I wait a few months before asking for another increase? I appreciate any feedback. Walmart pulls transunion for credit decisions and while my credit report is clean, have a total of 8 inquiries this past year, 6 posted within this month.

My transunion Fico score is 674, My equifax Fico Score is 667 and My experian was 553 last time I checked. Currently this month my dept to credit limit utilization combining all my credit card limit is about 27%, and my income is about $22,000 a year.

call into credit solutions and stop asking for these tiny amounts and ask for $5000, let them counter or approve!

Id do the paypal MC TOO!

Re: Help! I need advice about Walmart Credit limit increase.

SunriseEarth — Thu, 27 Feb 2014 23:49:47 GMT

@Creditaddict wrote:
@Anonymous wrote:
I have 3 credit cards all approved within this past month. I have one with Wellsfargo, one with Walmart, and a Paypal Extras Mastercard with a credit limit of $1000. My credit limit on the Wellsfargo card is $700, my starting limit on my walmart credit card was $150 but the same day I asked for a credit limit increase of $500 which got approved. However I wanted to ask for another credit limit increase of $1000 on the walmart credit card but I am not sure if I get it approved a second time in the same month, specially since I don't have a credit history with them yet. Should I wait a few months before asking for another increase? I appreciate any feedback. Walmart pulls transunion for credit decisions and while my credit report is clean, have a total of 8 inquiries this past year, 6 posted within this month.

My transunion Fico score is 674, My equifax Fico Score is 667 and My experian was 553 last time I checked. Currently this month my dept to credit limit utilization combining all my credit card limit is about 27%, and my income is about $22,000 a year.

call into credit solutions and stop asking for these tiny amounts and ask for $5000, let them counter or approve!
Id do the paypal MC TOO!

+1. GE Credit Solutions number is in the sticky thread called "Backdoor Numbers"

At least you got to $500. My Wally is stuck at $300 and it's about to get stuck in my SD, once I do my app spree next week.

Re: Help! I need advice about Walmart Credit limit increase.

Anonymous — Fri, 28 Feb 2014 00:27:36 GMT

@Creditaddict wrote:

call into credit solutions and stop asking for these tiny amounts and ask for $5000, let them counter or approve!
Id do the paypal MC TOO!

I'd love to know what the secret is... LOL

4th statement just cut... 0 balance, called up Credit Solutions and was denied a increase from 600 to 2000... no counter offer made. Utilization is around 20% on $20k worth of credit lines.

*baffled* LOL I guess I just need to wait till 2016 when the 13 and the inquiries drop off my report!

Re: Help! I need advice about Walmart Credit limit increase.

Creditaddict — Fri, 28 Feb 2014 00:28:15 GMT

@Anonymous wrote:
@Creditaddict wrote:

call into credit solutions and stop asking for these tiny amounts and ask for $5000, let them counter or approve!
Id do the paypal MC TOO!
I'd love to know what the secret is... LOL

4th statement just cut... 0 balance, called up Credit Solutions and was denied a increase from 600 to 2000... no counter offer made. Utilization is around 20% on $20k worth of credit lines.

*baffled* LOL I guess I just need to wait till 2016 when the 13 and the inquiries drop off my report!

you had no usage on 4th statement?

Re: Help! I need advice about Walmart Credit limit increase.

Anonymous — Fri, 28 Feb 2014 00:31:15 GMT

@Creditaddict wrote:
@Anonymous wrote:
@Creditaddict wrote:

you had no usage on 4th statement?

I had usage... but it hadn't posted. My statement has cut on the 28th or 29th for 3 previous months... I charged a $100 purchase on the 25th (thinking it would post before a statement on the 28th or 29th) but instead the statement cut on the 26th while I have a 0 balance and the purchase is still pending.

It says I have a payment of $0 due on 3/21 and my list of statements doesn't show a statement for Feb....

I guess it was my fault for waiting too long... apparently it generates a payment due but not an actual statement if your balance is 0 without a purchase posted?

Re: Help! I need advice about Walmart Credit limit increase.

coldnmn — Fri, 28 Feb 2014 00:42:31 GMT

It seems Walmart computers like to see 4 statements cut with a statement balance. The way around that is calling GECRB Credit solutions. I did the 4 statements and never called and started with a $700 store card so it works for some of us.

Re: Help! I need advice about Walmart Credit limit increase.

Anonymous — Fri, 28 Feb 2014 01:06:34 GMT

@coldnmn wrote:
It seems Walmart computers like to see 4 statements cut with a statement balance. The way around that is calling GECRB Credit solutions. I did the 4 statements and never called and started with a $700 store card so it works for some of us.

All good... looks like I waited too long because my 4th statement didn't have a balance. As said I called credit solutions and after putting me on hold to review my account and credit report I was told I was denied and would receive a letter.

The rep did say it was a soft pull so no harm done in my gardening. Maybe I'll try again next month with a posted balance... just a little annoying is all. My statement date was 2 days earlier this month and I waited too long to make a purchase.

Oh well... I guess my consolation prize is GECRB will report a 0 balance this month...

Re: Help! I need advice about Walmart Credit limit increase.

Anonymous — Fri, 28 Feb 2014 12:11:20 GMT

Lesson learned on this one... Walmart is slow to post transactions and if you have a 0 balance it will not generate a statement despite the fact you made purchases.

3 days later and the transaction is still pending... may try calling back for a CLI next month. Then again I might not...

Re: Help! I need advice about Walmart Credit limit increase.

Swapmeet — Fri, 28 Feb 2014 15:30:14 GMT

Call credit solutions right now and ask for 1000.

Re: Help! I need advice about Walmart Credit limit increase.

Anonymous — Fri, 28 Feb 2014 20:25:23 GMT

Thank you everyone for your advice. I will call credit solutions for both my Walmart and my Paypal MC.

Re: Help! I need advice about Walmart Credit limit increase.

Swapmeet — Fri, 28 Feb 2014 22:01:30 GMT

Don't forget to tell us what happens, and if you get declined, call right back and talk to someone else. Good luck.

Re: Help! I need advice about Walmart Credit limit increase.

creditjunkie_503012 — Fri, 28 Feb 2014 23:44:27 GMT

My limit started at $100. I hit the luv button and it went to $800. I called credit solutions 4 mos later and got an increase to $3500. 3 mos from that - called credit solutions again and got another $1500 CLI. Now I'm at $5000. Walmart has been good to me

Re: Help! I need advice about Walmart Credit limit increase.

Anonymous — Sat, 01 Mar 2014 02:14:49 GMT

Thank you Swapmeet!, I will keep you guys posted. I have decided to wait one more month until I pay my Wellsfargo balance that is $355 out $700 credit limit just in case they think the balance is too high on that card.

Re: Help! I need advice about Walmart Credit limit increase.

Anonymous — Sat, 01 Mar 2014 02:16:05 GMT

@creditjunkie_503012 wrote:
My limit started at $100. I hit the luv button and it went to $800. I called credit solutions 4 mos later and got an increase to $3500. 3 mos from that - called credit solutions again and got another $1500 CLI. Now I'm at $5000. Walmart has been good to me

I hope I have the same luck. Thank you for sharing.

Re: Help! I need advice about Walmart Credit limit increase.

Swapmeet — Sat, 01 Mar 2014 03:06:19 GMT

You should try right now, and try again when you pay the balance off.

Re: Help! I need advice about Walmart Credit limit increase.

Anonymous — Sat, 01 Mar 2014 04:13:42 GMT

@Swapmeet wrote:
You should try right now, and try again when you pay the balance off.

I just called credit solutions and my request was denied they didn't even give a counter offer...I think is too soon, I just opened my account less than a month ago...

Re: Help! I need advice about Walmart Credit limit increase.

Anonymous — Sat, 01 Mar 2014 03:51:25 GMT

@Swapmeet wrote:
Don't forget to tell us what happens, and if you get declined, call right back and talk to someone else. Good luck.

what should I tell them if I call back? to reconsider or why I got my credit limit increase denied?

Re: Help! I need advice about Walmart Credit limit increase.

Swapmeet — Sat, 01 Mar 2014 14:19:48 GMT

@Anonymous wrote:
@Swapmeet wrote:
Don't forget to tell us what happens, and if you get declined, call right back and talk to someone else. Good luck.
what should I tell them if I call back? to reconsider or why I got my credit limit increase denied?

Nope. Just do the same thing. Tell them that you are calling to request a cli.