Re: WalMart MC Approval and then CLI

merlinflex · ‎10-23-2016

Building on the success of the Chase Ritz Carlton this week, decided to try for the WallyWorld MC since a walmart opened near me here in NoVa a few miles down the road earlier this year.

Did the online application, unlocked TU this before I hit apply, and took about 30 seconds and they approved me at $3600. To be honest, was disappointed with the low SL, but then again, this would be used at Walmart only, so it might work. Locked my TU again and called Credit Solution about increasing that SL. They verifired me, sent text to my cell and asked for my income to verify again and had me on hold and came back that they needed me unfreeze my TU again? WTH? They said they needed to look at it, but I was like, "you just pulled it a few mins ago", but went ahead and unfroze it again, grrrrr.....But she came back and said it was not a HP, but a SP to verify. So, that made me feel better.

They finally came back with $15K SL and I am good with that, since it will be for WallyWorld purchases only. Once I get the card and can access the online portal, will post screen shot. This is the original one:

Not a bad week, Chase Ritz Carlton for $31K and WalMart MC for $15K. Now truly done for the year, but fingers crossed Paypal or Amazon give me a CLI via SP!

Anonymous · ‎10-23-2016

That's a fairly high SL for Walmart. Nice work on recon for the CLI

merlinflex · ‎10-23-2016

@Anonymous wrote:
That's a fairly high SL for Walmart. Nice work on recon for the CLI

Yes, I guess looking at it, it is decent, wish this WallyWorld had a gas station, but oh well. Read a lot about Synchrony here and their constant AA, but I give them true numbers of my income, me only, not including my wife's, which on the T-4506 adds over $100K to the bottom line, so if anything I am understating if they ever pull that crap on me. I have a few more accounts with them, Ashley Furniture with a $0 balance, Nautilus with a $0 balance, Care Credit with a $15.6K limit and only $1700.00 on it, Amazon with a $10K limit and $1K on it and thats it, so I think my exposure to them is very very low.

Thanks, was solid 10-15 mins on hold to get that recon, but in the end it worked out. So happy that it did work out. Probably should have asked for $25K, but oh well.

austinguy907 · ‎10-23-2016

Coingrats on the approval + CLI...... but, looking at your collection in your signature why are you messing around with store cards / synchrony? Do you just need to app at this point?

merlinflex · ‎10-23-2016

@austinguy907 wrote:
Coingrats on the approval + CLI...... but, looking at your collection in your signature why are you messing around with store cards / synchrony? Do you just need to app at this point?

Thanks. The WalMart card is a MC not their store card, so works elsewhere outside of wallyworld. The other Synchrony cards are all older. The Ashley and Nautilus cards are like 7 years old. The Care Credit is a few years and the Amazon store card is something like 3+ years or more, from when they first offered it. I could actually get rid of the Ashley and Nautilus cards, but the age of the accounts helps my overall profile.

Not really a matter of just apping, but like banks and investors ands such I am constantly rebalancing my own personal portfolio to better suit my needs, so really, when one steps back, its just a snapshot in time as to what you are looking at. My portfolio will probably look different a year from now. I never change anything I can't pay cash for upfront for.

A few years back I got rid of an older WF MC that just wouldn't grow, loved the AAoA it gave me, but in the end, paid it off and cancelled it. Come the new year, will probably spend a weekend reviewing my cards and jettison a few to tighten down what I have. "better to have and not need than to need and not have" sorta thing!

austinguy907 · ‎10-23-2016

I didn't miss the fact that it's a MC version of the card but, the statement of only using it at WM sounds kind of odd. Then looking at the collection of accounts it didn't make sense to add to the heap with a Sync card. Then there's the 5 AMEX cards that could collapse down to 2 keeping the MR and eliminating a couple of AF's in the process. Then the dual Fidelity cards kind of makes sense if they're BOA/Elan but, then again duplicity of the same product seems more like padding.

It's always good to take a look at the big picture every once in awhile as you said in reevaluating where things stand in your portfolio. I just think it's a wasted pull and reduces the overall quality of your portfolio instead of taking the time to grow the accounts you have. Even grabbing an AMEX ED/p to add some buffer would have been better for future revolving growth.

I know there are some perks to keeping a couple of the low brow accounts in play along with aging and such. Just from a simplicity standpoint and keeping them secure from fraud culling the herd should be next up on the list of things to do. At this point closing things out won't hurt since the positive experience stays on for 10 years unitl they age off. Besides that some quality combinations of $35K+ diversified between a few lenders is better than when you started the collection now that things have matured and progressed away from those measly low limit players sitting on the sideline.

Keeping the oldest 2 accounts from your CR is usually a prudent thing to do unless you really don't use them or would have to go out of your way to put some spend on them such as captive accounts like Ashley/Nautilus.

Just my 2 cents..... as you said.... come the new year a weekend of overview will be coming.

merlinflex · ‎10-23-2016

@austinguy907 wrote:
I didn't miss the fact that it's a MC version of the card but, the statement of only using it at WM sounds kind of odd. Then looking at the collection of accounts it didn't make sense to add to the heap with a Sync card. Then there's the 5 AMEX cards that could collapse down to 2 keeping the MR and eliminating a couple of AF's in the process. Then the dual Fidelity cards kind of makes sense if they're BOA/Elan but, then again duplicity of the same product seems more like padding.

It's always good to take a look at the big picture every once in awhile as you said in reevaluating where things stand in your portfolio. I just think it's a wasted pull and reduces the overall quality of your portfolio instead of taking the time to grow the accounts you have. Even grabbing an AMEX ED/p to add some buffer would have been better for future revolving growth.

I know there are some perks to keeping a couple of the low brow accounts in play along with aging and such. Just from a simplicity standpoint and keeping them secure from fraud culling the herd should be next up on the list of things to do. At this point closing things out won't hurt since the positive experience stays on for 10 years unitl they age off. Besides that some quality combinations of $35K+ diversified between a few lenders is better than when you started the collection now that things have matured and progressed away from those measly low limit players sitting on the sideline.

Keeping the oldest 2 accounts from your CR is usually a prudent thing to do unless you really don't use them or would have to go out of your way to put some spend on them such as captive accounts like Ashley/Nautilus.

Just my 2 cents..... as you said.... come the new year a weekend of overview will be coming.

Nope, that sounds along the lines I was thinking anyway. I actually need tp update my sigge. the Fidelity Amex I had the line moved over to the Visa (with Elan now too), so I need to remove that, the Fidelity is $34K now, thinking of dumping the Gold Amex and keeping the Amex PRG. I also picked up a Amex ED this summer with a $15K SL on it and now past the 90 days, so can prob go for a CLI, same with the Amex Delta. The Chase Freedom is new to and soon as I can, when I get the Ritz Carlton card, and once the required time as has passed, will move the Freedom line over to the Ritz. Will get rid of Ashley and Nautilus before end of this year. Will keep the CSP so only have 2 cards with Chase when it is over.

Thoughts?

austinguy907 · ‎10-23-2016

Sounds like a good start and making more sense with the updates outside of the siggy listed. If you already have the Ritz you can send them a message to move your freedom over online. Either way with that siggy line collapsing and cleaning things up would help manage and grow into different options down the line with your portfolio. Not to mention simplifying your keeping track of payments / due dates

merlinflex · ‎10-31-2016

So, was approved and all on 10/23/2016, but as of today, no wallworld MC received. I see it added to my CRs and also in my Walmart.com account as a payment method, but no card yet.

Maybe too soon to be looking for it and it takes a few weeks? TIA!

AverageJoesCredit · ‎10-31-2016

Probably come in this week hopefully tomorrow. I know how it feels to wonder is this the day the card comes in

WalMart MC Approval and then CLI

WalMart MC Approval and then CLI