Walmart luv button question

[Anonymous]

Lately, I've been thinking that my ability to get a CLI from GE Money Bank for their Walmart Discover card has been tied to the credit lines I have on my other cards.

See, when I first got the card, it had a $900 CL, and it so happened that the only other card I had at that time (the Juniper MC) also had a $900 limit.

The only time I've ever gotten a CLI on the Walmart Discover was in December, from $900 to $1650.  It so happens that three months before, Juniper had increased my CL from $900 to $1650 and that is the highest limit I have on any of my cards.

Well, Juniper hasn't increased my CL since then (they should have done so in March of this year but didn't--probably due to the credit crunch).  I didn't think of it much at the time, but I've tried the luv button for the Walmart Discover card twice (May and June) and got rejected ("insufficient experience with your current line of credit").

Point is, I'm wondering now if my ability to get a CLI on the Walmart Discover card depends entirely on what the CLs on my other cards are.  Thoughts?  Thanks for your time.

[Anonymous]

A lot of cc lenders do look at existing limits on other cards before deciding your limit with them.

No lender wants to be the first one in the water at the deep end of the pool, so to speak.

I have no experience with the Walmart card, I'm sure someone else will chime in shortly.

Later!

[Anonymous]

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@Anonymous wrote:

A lot of cc lenders do look at existing limits on other cards before deciding your limit with them.

No lender wants to be the first one in the water at the deep end of the pool, so to speak.

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Actually, that makes sense.  But you'd think they'd at least raise your CL by $100 after over a year of keeping my balance low (never more than 20% of my CL at any point) and paying in full every month.

[pattycake]

It's possible - some issuers will turn you down if your limits are low with other banks (I was once told that having $10K limits was not enough for certain types of cards through Chase).

Don't expect Wal-Mart to be generous at all.  In my nearly four years with them, they have given me all of $860 in CL!   

[Anonymous]

Well, I decided to push that "luv" button again today... and I got another $750 increase (for a new CL of $2400)!

I still can't figure out when to push it... I didn't get my first CLI until the account was 6 months old, so I thought it was every 6 months, but then when I tried it again in late May (when my account was a year old), I was declined (which shoots down the every-6-month theory I had).  The every-4-month theory should have worked when my account was a year old, but like I said, I was declined at the 12-month mark.  Curious that it worked at 14 months but not 12.

[WannaHouse]

I was actually impressed with the WalMart Discover card when I got it Aug. 08. I applied for Old Navy, Gap, and Walmart all the same day and all GEMB. I got Gap and ON at 450 CL and the WalMart was 2K...my highest limit. Then, when we bought this house, we needed a bit of luv from them and BAM...1K increase! I have not hit it since because I need to pay it down now after all we had to charge for the house.

Bottom line is at the time, my highest limit was about 500-750? and they gave me 2K.