Walmart credit card?
Answers:
If you buy the DVD player then return it, they will not give you the cash, they will just credit your account - and the credit may take days or longer. They probably wouldn't even look at it as a payment, just a credit return. And it won't bump up your credit limit that fast. You will probably have to wait at least 4 to 6 months to try for an increase.
As for paying no interest, I think you should read your card holder agreement. Unless you have been given a special promo since you just opened the card or the bike is on a special promo, Walmart usually gives the 0% interest promos when someone spends a certain amount ($300 or greater)
You need to figure out how much you can charge, that would include the taxes and card interest, so you won't go overlimit on your very first charge.
To be safe, you should probably pay at least half of the amount in cash.
IF you keep the account in good standing you may be able to get regular credit limit increases starting around your 4th to 6th month of having the card. And around every 4th month after that - BUT - you need to keep the card in good standing.
To get the increases, click on the credit limit increase button on the website.
This won't work. You don't pay it back with a refund. Only payments are considered payments, as returns are credits to the account. It takes a least 6-9 months of on time payments to earn that first credit limit increase. Make small purchases each month, say $20 or $30 and pay them back on time. That will help you build a good credit history with Wal Mart.
Save your money, pay bills on time and eventually you will be able to obtain a higher limit with Wal Mart and other credit card issuers. I know this is hard, but is the only way to increase your credit score. You may want to obtain a second job in the interim to get the cash you need.
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