Amazon vs Walmart approval odds? w/ data

[Anonymous]

Any feedback on amazon vs walmart store card approval? I want one, if not both as I would use both and want to hit the garden for 12mo so its either now or never. 

TU info as of 3/23 -

658 FICO 8

26% util $369/1401 - EQ/EX shows $2/1501 not sure if TU is updated yet or not                  

2 lates, 4.4yrs since negative, 10 inq, 2.1yr AAOA

My current cards/loans:

Cap1 Secured     13mo  $ 501  CL  

Cap1 Quicksilver  3mo   $ 600  CL 

Credit one             3mo   $ 400  CL 

NFCU  not reported!       $1300 CL

DiscoverIT not reported  $1800 CL

CU loan                 7mo   $550/$1500

CU LOC                4mo   $700/$750 

[Anonymous]

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@Anonymous wrote:

Any feedback on amazon vs walmart store card approval? I want one, if not both as I would use both and want to hit the garden for 12mo so its either now or never. 

TU info as of 3/23 -

658 FICO 8

26% util $369/1401 - EQ/EX shows $2/1501 not sure if TU is updated yet or not                  

2 lates, 4.4yrs since negative, 10 inq, 2.1yr AAOA

My current cards/loans:

Cap1 Secured     13mo  $ 501  CL  

Cap1 Quicksilver  3mo   $ 600  CL 

Credit one             3mo   $ 400  CL 

NFCU  not reported!       $1300 CL

DiscoverIT not reported  $1800 CL

CU loan                 7mo   $550/$1500

CU LOC                4mo   $700/$750 

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Hi ohsnaps,

Just a few thoughts:

1) Get utilization down to 10% if possible (or lower) prior to applying.

2) Get FICO score up a bit closer to 670 for best chances of success (I've seen a few people on the board denied at 660, and you're in the 650's). It's certainly possible to be accepted, but ideally you would like to put your best foot forward.

3) Wait until NFCU and Discover IT report and see what your scores are at that time. Also, ideally I'd give those cards 6 months of reporting time and history prior to applying for anything else.

4) Remember that all of your current cards except one are either brand new or are only a few months old. Gaining 6 more months of history on those cards will help to stack the odds in your favor.

4) Gain some additional distance from the 10 inquiries just for best chances of success. You've applied for a lot of cards very close together, with only a few months of history on your current cards.

Patience is sometimes needed.

Good luck!

[AverageJoesCredit]

Ohsnaps, what Humu said +100

You are on your way, no hurry, youve got great cards and plenty to build for 6 months anyway. Credit One meet Mr Navy Fed And Senorita Discover, lol, ( or reverse haha ). Those are some great cards you bagged so wventually youll be able to kick credit one to the curb and in 6 months, no doubt youll score a Wally if you like and Amazon as well. Just keepusing your credit responsibly and add a little age to your credit and the taste will get better

[Anonymous]

Thanks for the reply and suggestions;

To clarify, my current utilization is 1% - $2/$1501 total as of 2 days ago creditchecktotal update however TU was not updated yet.

If my TU has updated since 3/23, my utilization will be 1% and I assume an approx 30 point score increase (eq/ex jumped 28/41 points respectievly with the new utilization) which puts me 675-685 hopefully. My concern is if I wait for NFCU/disco to report my AAoA will be signifanctly lower and score may be reduced - hurting my approval odds.

I'm planning an auto loan via nfcu in 12months so it's either now or after the auto loan. TU is my lowest score, with most inquiries - 7 of which fall off in the next 6months.

Thanks for all the help thus far, I appreciate everyone and everything!

[Anonymous]

I got my Amazon Store Card last Thanksgiving, after having had my Capital One secured card for 11 months with a CLI in June. While utilization on my Cap One card was rather high (getting it down as much as possible will be one of my projects for the spring/summer) and my scores were hovering around 650, I still managed to get approved immediately upon application. While the shopping cart trick, I'm informed, doesn't work with Synchrony cards, I applied when I had several items in my Amazon cart which might have helped in that particular instance.

[Anonymous]

I decided not to wait - pulled the trigger on amazon store card instant approval for $1500 CL. I'm making a seperate post in the approval section after I get kiddos in bed.

Cheers.

[Anonymous]

congrats

[Seamslong]

I was going to say for Walmart if you visit their website add things to the cart etc they tend to send out preapproval letters that's what I did and picked up the card with no credit inquiry that was last year

[Meanmchine]

I dont normally disagree with Humu but on this one I think she might be a little off

Synchrony bank is a score driven lender. Your  TU score put you solid into store card /  cli territory. Approvals for Walmart start at around 620ish. Amazon 635ish. Your AAoA  is ok ( coud be a little longer ) and 4.4 years since last late is ok for Synchrony.

I think your odds are pretty good.

YMMV

Good luck

[Aduke1122]

+1 with Humu and AJC no need to rush into anything ,Synch wants to see some history built up first , I was denied 2 times for lack of history with scores the same as yours are now . Congrats on the all success thus far OP