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Frequent Contributor
2FixMyCredit
Posts: 498
Registered: ‎02-02-2013
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Settle a debate - Walmart card

So since I've been approved for the Walmart and Sams cards my brother has been trying to convince me that they both are charge cards that MUST be paid in full every month.  I say credit card with a minimum payment payment. 

 

Settle the debate? I don't have my papers yet LOL

Total CL: $40k+
Discover, BOA, GE, Cap 1, Chase, Barclay!
Gardening Start: 04/22/2013

Valued Contributor
injustifiiable
Posts: 1,862
Registered: ‎03-30-2012
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Re: Settle a debate - Walmart card

They are both revolving accounts.

Scores 6/17/2014: TU FICO: 643 | EQ FICO: 675 | EX AMEX FICO: 666

In my new wallet: American Express Premier Rewards Gold EMV: NPSL | BankAmericard Cash Rewards Visa EMV: $2500 | BarclayCard Rewards Average: $2000 | Travelocity Rewards AMEX: $1050 | Discover IT: $1500 | Amazon Rewards Visa: $1500 | Sportsman's Guide Visa: $3000 | Capital One QuicksilverOne MasterCard: $1250 | Target: $400 | J.Crew $5950
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Senior Contributor
myjourney
Posts: 26,104
Registered: ‎02-07-2013
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Re: Settle a debate - Walmart card


injustifiiable wrote:

They are both revolving accounts.


+1

"Intelligence plus character--that is the goal of true education"
Last 5 apps 6/6/13


Frequent Contributor
2FixMyCredit
Posts: 498
Registered: ‎02-02-2013
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Re: Settle a debate - Walmart card

Thank you both!  LOL This was turning into the funniest argument ever to be honest.  I knew I was right :smileywink: hehe

Total CL: $40k+
Discover, BOA, GE, Cap 1, Chase, Barclay!
Gardening Start: 04/22/2013

Regular Contributor
axxy
Posts: 135
Registered: ‎10-11-2007
0

Re: Settle a debate - Walmart card

That kind of debate is normal.  Misinformation is what brothers are for.

 

Frequent Contributor
2FixMyCredit
Posts: 498
Registered: ‎02-02-2013
0

Re: Settle a debate - Walmart card


axxy wrote:

That kind of debate is normal.  Misinformation is what brothers are for.

 


So true.  He personally has horrid credit but since he worked there for two years he thinks he knows the ins and outs of all things walmart which just isn't true.  LOL

Total CL: $40k+
Discover, BOA, GE, Cap 1, Chase, Barclay!
Gardening Start: 04/22/2013

Moderator
Shogun
Posts: 12,952
Registered: ‎04-15-2011
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Re: Settle a debate - Walmart card

Late to the party, but, yes..  They are revolving accounts backed by GE.  Now go beat up  your brother...   LOL!!!!


Starting Score: 504

July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+

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Current scores after adding $81K in CLs and 2 new cars since July 2013
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Valued Contributor
injustifiiable
Posts: 1,862
Registered: ‎03-30-2012
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Re: Settle a debate - Walmart card

Didn't they use to call all store cards...revolving or not...charge cards in like the '80s? lol

Scores 6/17/2014: TU FICO: 643 | EQ FICO: 675 | EX AMEX FICO: 666

In my new wallet: American Express Premier Rewards Gold EMV: NPSL | BankAmericard Cash Rewards Visa EMV: $2500 | BarclayCard Rewards Average: $2000 | Travelocity Rewards AMEX: $1050 | Discover IT: $1500 | Amazon Rewards Visa: $1500 | Sportsman's Guide Visa: $3000 | Capital One QuicksilverOne MasterCard: $1250 | Target: $400 | J.Crew $5950
Moderator
09Lexie
Posts: 25,298
Registered: ‎09-13-2012
0

Re: Settle a debate - Walmart card

I'm even later to the party ! If and when you are upgraded to their Discover they will still be revolving cards. :smileylol;
Frequent Contributor
2FixMyCredit
Posts: 498
Registered: ‎02-02-2013
0

Re: Settle a debate - Walmart card

LOL you folks are too funny :smileytongue: He is a little upset now that I proved him wrong.  Funny thing is I just got a SW alert showing the new accounts and it says CHARGE hahah! I had to laugh at that :smileywink:

 

Crazy thing, three new accounts and 4 new inquirys and my score went up again.

Total CL: $40k+
Discover, BOA, GE, Cap 1, Chase, Barclay!
Gardening Start: 04/22/2013


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