Walmart credit card....Did you know??.

[Anonymous]

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@SunriseEarth wrote:

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@Anonymous wrote: 

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I'll have to call in and see if they can adjust mine.  Based off your cash limit, I'm guessing your Wally CL was $800 on approval.   

AFAIK, you're limited to $60 per day cashover with the Wally store card and $100 per day with the MC.   Sam's Club works the same way for their cards and cashover.  

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What is a Wally CL?  You post was way over my head, lol!  Please explain.

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Wally=Wal-Mart  CL=Credit Limit/Line   We abbreviate a lot around here....LOL

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Ok, Thanks!😁😁

[Anonymous]

Mine always let me pull 100. My limit was 1k then 1700 then 2200 then 3200. I never adjusted anything.

[Anonymous]

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@Anonymous wrote:
Mine always let me pull 100. My limit was 1k then 1700 then 2200 then 3200. I never adjusted anything.

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@Anonymous wrote:
Mine always let me pull 100. My limit was 1k then 1700 then 2200 then 3200. I never adjusted anything.

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I was curious about the cash limit feature because even though I had used it, when I made large payments, the cash limit was never replenished ( I still carry a small balance).  It's interesting  that you were given 10% cash limit  initially when your limit was 1k.  They never made an adjustment as you CL limit increased.  They don't advertise that much.  The CSR sure told me that you can request up to 20% of your overall CL as cash limit.  

[SunriseEarth]

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@Anonymous wrote:
Mine always let me pull 100. My limit was 1k then 1700 then 2200 then 3200. I never adjusted anything.

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The cash limit refers to how much you cash you can get over your entire billing period.   The amount was typically 20% of your initial CL.   So your cash limit was (is?) very likely $200 for the entire statement period.  

[Anonymous]

Happy to share what I know on this. I have not heard about the "requesting your cash back amount to be increased part", but I jknow when I received my recent CLI to 6k on the card, the cash back amount automatically went up to $1,200. Nice cash back amount.

Called to ask about it and was told that it can be taken in $100 incerements each 24 hour period, up to my full $1,200 amount. Has to be taken all at one time each 24 hour period (in other words, cannot be taken by a $60 and then a $40 withdrawal.) One withdrawal per 24 hour period.

I don't have need for the cash back since I want to keep this card at zero balance (the Walmart Card has a super high interest rate, so it is not wise to carry a balance), but it is a nice feature. Hope this helps someone.

[Anonymous]

After reading this post, i checkedmy statement that just cut a few days ago, and they increased my cash limit to 747 I believe it was. Nice! So in short-
600 cl= 200 cash advance limit
4000 cl= 747 limit (strange its not an exact number)

But i still don't know what my daily limit is, before it was 60. Mmm interesting.

[Anonymous]

I would recommend calling or engaging in online chat to ask what your daily limit is. It doesn't show up anywhere on the statement and does not show up on the online interface, and for me it changed when my credit limit increased.

It formerly was $60 per 24 hour period; now it is $100 per 24 hour period. And with unsual amounts as you mentioned, I'd definitely confirm with card services.

[Anonymous]

I've only had my card for 2 months and went form 700.00 to 6,000.  The cash limit didn't increase as my CL did and it could be that they want to see more history. But it's nice to know that they do give up to 20 % of your CL as a cash limit at no additional fees like most banks charge. 

[Anonymous]

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@Anonymous wrote:

I would recommend calling or engaging in online chat to ask what your daily limit is. It doesn't show up anywhere on the statement and does not show up on the online interface, and for me it changed when my credit limit increased.

It formerly was $60 per 24 hour period; now it is $100 per 24 hour period. And with unsual amounts as you mentioned, I'd definitely confirm with card services.

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It does show up on your monthly statement and online.  Online you have to go to the full site and view.

[Anonymous]

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The daily cash limit is not listed online, and the statement only reflects the old cash limit from one month ago, so current information is not available online. Best to call in.

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