Help! I need advice about Walmart Credit limit increase.

[Anonymous]

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. 

[Creditaddict]

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@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. 

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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!

[SunriseEarth]

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@Creditaddict wrote:

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@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. 

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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!

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+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.

[Anonymous]

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@Creditaddict wrote:

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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!

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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!

[Creditaddict]

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@Anonymous wrote:

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@Creditaddict wrote:

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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!

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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!

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you had no usage on 4th statement?

[Anonymous]

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@Creditaddict wrote:

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@Anonymous wrote:

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@Creditaddict wrote:

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you had no usage on 4th statement?

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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?

[coldnmn]

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.

[Anonymous]

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@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.

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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...

[Anonymous]

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...  

[Swapmeet]

Call credit solutions right now and ask for 1000.