topic Re: Walmart Discover and Walmart Credit Card in Credit Cards

Walmart Discover and Walmart Credit Card

jorgevazquez87 — Fri, 28 Dec 2012 00:54:30 GMT

¡Hi everyone!

I'm planning to get one of these two credit card. I would like to know what would be the minium requirements to get aproved on one of these two cards.

Thanks!

Re: Walmart Discover and Walmart Credit Card

creditnocash — Fri, 28 Dec 2012 01:04:52 GMT

the discover version is a little harder to get. but the regular store card is easier.

when you apply you will first be considered for the discover and if you dont meet the needs they will most likely approve you for the store version.

even if you get a low limit walmart grows with you and as long as you have a clean report fast!

i went from 800 in july for the store card to 5k at the end of october

but my reports are clean of baddies.

edit: sorry missed the question completly.

you can check whogavemecredit.com but like stated above the walmart store card is much easier to get and ive seen people in the low 600's get them. they mostly pull tu and are soft pulls for cli.

what are your reports looking like? scores,inq, util, aaoa, accounts etc....

Re: Walmart Discover and Walmart Credit Card

Swapmeet — Fri, 28 Dec 2012 01:03:52 GMT

jorgevazquez87 wrote:
¡Hi everyone!

I'm planning to get one of these two credit card. I would like to know what would be the minium requirements to get aproved on one of these two cards.

Thanks!

The Walmart credit card is easier to be approved for, but I think that they just have one app and they consider you for both.

Re: Walmart Discover and Walmart Credit Card

Tran92 — Fri, 28 Dec 2012 01:06:31 GMT

+1 it's only one app. They will decide which you are eligible for. Only one hard pull on TU.

Re: Walmart Discover and Walmart Credit Card

jorgevazquez87 — Fri, 28 Dec 2012 01:16:12 GMT

Thanks for the response, so fast!

My CS is: 671 (Equifax)

Inquiries: 0

AAoA: 2 years

Credits account in good standing: 7

I only have 1 delinquency on 1 account and was in 2011, the accound is already paid in full. Risk rate on FICO is 14% to lenders.

Re: Walmart Discover and Walmart Credit Card

creditnocash — Fri, 28 Dec 2012 01:20:58 GMT

jorgevazquez87 wrote:
Thanks for the response, so fast!

My CS is: 671 (Equifax)
Inquiries: 0
AAoA: 2 years
Credits account in good standing: 7

I only have 1 delinquency on 1 account and was in 2011, the accound is already paid in full. Risk rate on FICO is 14% to lenders.

that baddie is obviously hurting you but i think you have a good shot at least at the store version.

Re: Walmart Discover and Walmart Credit Card

jorgevazquez87 — Fri, 28 Dec 2012 01:35:23 GMT

Thanks for your response.

About the delinquency, it was a total mistake of mine to let the payment past due. Also I have an account (student loan) which I paid in full on this month (2 weeks ago) but it's still on the FICO report, do that amount shown even already paid in full could benefit or affect the decision on approval for the Walmart CC?

Thanks!

Re: Walmart Discover and Walmart Credit Card

creditnocash — Fri, 28 Dec 2012 02:13:17 GMT

jorgevazquez87 wrote:
Thanks for your response.

About the delinquency, it was a total mistake of mine to let the payment past due. Also I have an account (student loan) which I paid in full on this month (2 weeks ago) but it's still on the FICO report, do that amount shown even already paid in full could benefit or affect the decision on approval for the Walmart CC?

Thanks!

im sure it can effect it but not by much. installment loan util is placed way lower on the fico scale compared to revolving util

Re: Walmart Discover and Walmart Credit Card

eviLution — Fri, 28 Dec 2012 02:21:45 GMT

I seen people with few collections and low 600 scores get it. I think even high 500s can get it, but they probably had no baddies though.

Re: Walmart Discover and Walmart Credit Card

creditnocash — Fri, 28 Dec 2012 02:31:10 GMT

eviLution wrote:
I seen people with few collections and low 600 scores get it. I think even high 500s can get it, but they probably had no baddies though.

how can you even get into the high 500's with no baddies?

Re: Walmart Discover and Walmart Credit Card

eviLution — Fri, 28 Dec 2012 02:49:23 GMT

damn, that's a pretty good question! lol

Re: Walmart Discover and Walmart Credit Card

jorgevazquez87 — Fri, 28 Dec 2012 03:21:56 GMT

Thanks for the advices!

Re: Walmart Discover and Walmart Credit Card

creditnocash — Fri, 28 Dec 2012 03:34:22 GMT

jorgevazquez87 wrote:
Thanks for the advices!

let us know the outcome!

Re: Walmart Discover and Walmart Credit Card

nicholasyud — Fri, 28 Dec 2012 03:39:38 GMT

i think regret to apps for this card.

Maybe charge about $40 each month to keep the card alive. ;-(

Re: Walmart Discover and Walmart Credit Card

creditnocash — Fri, 28 Dec 2012 04:09:54 GMT

nicholasyud wrote:
i think regret to apps for this card.
Maybe charge about $40 each month to keep the card alive. ;-(

why's that ?

its a reporting line

no af

and free tu FICO

even if you put a pack of gum on it and then pay your bill at the register its worth it.

ive probably only put 400 through this card since july and it was on 2 transactions. still worth it for me

Re: Walmart Discover and Walmart Credit Card

jorgevazquez87 — Sun, 30 Dec 2012 05:52:14 GMT

As I promised, the result.

I went today to Walmart to do the on-store credit process. After filling the necessary documents the decision was made in 3 minutes... guess what? I got approved. The funniest thing is that I though that I would be approved with $250 CL but no, they gave me a temporary credit line of $900!!! That's just insane, I really couldn't beleive it. Another good thing is that I got a free TU credit score, guess what? TU gave me 698 compared to Equifax that gave me 671.

I would like to thank everyone on helping me with all my questions and concerns in this new process.

Now my last and final question: what is the meaning of a temporary credit line?

Thanks!!!!

Re: Walmart Discover and Walmart Credit Card

creditnocash — Sun, 30 Dec 2012 06:45:23 GMT

jorgevazquez87 wrote:
As I promised, the result.

I went today to Walmart to do the on-store credit process. After filling the necessary documents the decision was made in 3 minutes... guess what? I got approved. The funniest thing is that I though that I would be approved with $250 CL but no, they gave me a temporary credit line of $900!!! That's just insane, I really couldn't beleive it. Another good thing is that I got a free TU credit score, guess what? TU gave me 698 compared to Equifax that gave me 671.

I would like to thank everyone on helping me with all my questions and concerns in this new process.

Now my last and final question: what is the meaning of a temporary credit line?

Thanks!!!!

hmm were you approved for a store version or the discover?

usually the temporary limit is a lower limit until you actually get the card. (which then the full limit is given)

if you logged in for the tu fico on the website you should be able to see the full limit online?

unless that score is from instore.

dont worry if you subscribe to scorewatch the card will report in a couple days (usually before you even get it)

ohh and congrats on the approval!

Re: Walmart Discover and Walmart Credit Card

jrodzmc09 — Sun, 30 Dec 2012 15:44:08 GMT

Just wondering... What other CC's give you free FICO score offers. I.E-Walmart Free TU Fico...

Re: Walmart Discover and Walmart Credit Card

jorgevazquez87 — Sun, 30 Dec 2012 15:50:41 GMT

Hello!

The card is the store card. I haven't changed checked about the full limit on the tu fico website but I will let you know if I find something.

Re: Walmart Discover and Walmart Credit Card

Cadillac-XTS — Sun, 30 Dec 2012 16:49:11 GMT

Congrats on your approval OP