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Walmart Capital One store card

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Zeno
Contributor

Walmart Capital One store card

I have the walmart store card I read that customers with the card and have transitioned over to capital when applying for a credit limit increase a lot of people were denied because of accounts moving over to them. Has anyone been sucessful with an increase yet?

Ex:717 EQ: 734 TU: 721
Message 1 of 9
8 REPLIES 8
FireMedic1
Community Leader
Mega Contributor

Re: Walmart Capital One store card

Cap1 runs the show now. So CLI's go by their internal records on you and the decision to approve or not. Cap1 has been stingy lately. They arent like Sync. Good luck. You can always ask its a SP.



BK Free Aug25
Message 2 of 9
AverageJoesCredit
Legendary Contributor

Re: Walmart Capital One store card

Ive asked twice and nothing so far. I dont ever expect to recieve any either.
Message 3 of 9
Zeno
Contributor

Re: Walmart Capital One store card

When I first was approved my limit was $1100 then it became $260 once paid off. I never asked for a credit limit increase back when it was under Synchrony because I was told that credit limit increase request would impact my credit. I finally tried Capital one credit limit increase again and only received $250 increase which credit limit is $510 now.
Ex:717 EQ: 734 TU: 721
Message 4 of 9
mikesonthemend
Valued Contributor

Re: Walmart Capital One store card


@Zeno wrote:
When I first was approved my limit was $1100 then it became $260 once paid off. I never asked for a credit limit increase back when it was under Synchrony because I was told that credit limit increase request would impact my credit. I finally tried Capital one credit limit increase again and only received $250 increase which credit limit is $510 now.

You are the first I have heard of getting a Cap1 WM CLI. Perhaps due to your AA.

All of my requests have been meant with language similar to "this account isn't eligible for increases."




Living through Darwinism is so much worse than learning about about it in school.
Message 5 of 9
Zeno
Contributor

Re: Walmart Capital One store card

I tried back in December and got the message that my account wasn’t eligible yet. I wonder how often they offer credit limit increase
Ex:717 EQ: 734 TU: 721
Message 6 of 9
Anonymous
Not applicable

Re: Walmart Capital One store card

I got 1K increase froom 6k to 7K after couple of tries.

Message 7 of 9
cr101
Established Contributor

Re: Walmart Capital One store card


@Zeno wrote:
When I first was approved my limit was $1100 then it became $260 once paid off. I never asked for a credit limit increase back when it was under Synchrony because I was told that credit limit increase request would impact my credit. I finally tried Capital one credit limit increase again and only received $250 increase which credit limit is $510 now.

this...is scary. i first heard about balance chasing on this board a few days ago. i knew that some cc companies drop your limit if you don't use the card a lot, but dropping after paying it down sounds horrible if you care about your credit and are actually PAYING your bills. do you know if they had a legitimate reason for lowering your limit? Smiley Sad

 

"I wonder how often they offer credit limit increase"

it's on the site (capital 1) somewhere. use the search bar and look for credit limit increase. it gives you a big list of reasons that you may be declined, along with how often that auto-review your account, which is every 6 months iirc. from what i understand, you don't have to ask since it's an auto-review. that's how i've gotten the 1 cli on my then-platinum card.

Message 8 of 9
Zeno
Contributor

Re: Walmart Capital One store card

The Walmart and Citi were my first cards. When I started using them I noticed with my Citi card that once amount was paid the available amount to spend would return back but with Walmart it wasn’t doing that and I asked Synchrony about it mentioning my Citi card. I was told that it would not return to initial amount after being paid like my Citi. That was also around same time I was told my score would be impacted if I put in a credit limit increase because Citi did not impact my score.
Ex:717 EQ: 734 TU: 721
Message 9 of 9
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