10-29-2011 12:44 PM - edited 10-29-2011 12:57 PM
I'm interested in applying for the Walmart card for the free FICO score as well as the fact that I actually do a lot shopping for household supplies there, so it'd be convenient for me. However, I applied for and was approved for an Old Navy card in August and Care Credit in October. Would applying for Walmart be a bad idea?
Edit: Also, do you think I'd be approved for the Walmart Discover card? I don't really know much about the card, but I had a charge off from Discover in 2001, so I'm not sure how that would influence the approval.
10-29-2011 01:04 PM
Don't know about the discover card, but I'd say you have a damn good chance of getting a regular walmart card. I wouldn't carry a balance on it ever though. It has a pretty high APR. I got mine in the rebuilding stage, and pretty much only use it for gas (they give you a discount if you use a walmart card), and for the free TU score. I have other, better rewards card that i use for in store purchases.
10-29-2011 01:40 PM
I have two friends who moved out of California. One is now living in Wisconsin and the other in Oklahoma. While they were both living in California, they applied for the Walmart credit card and were declined. Interestingly, when they moved to their new addresses in Wisconsin and Olkahoma, they applied for the Walmart credit card there, and were approved. Both told me that their FICO scores were lower than when they lived in California because of the expense of their moves and increased cc useage/utilization, etc. I thought this was odd but, one day when I was checking the website whogavemecredit, I noticed that several people in California who had applied for the Walmart card were, indeed, declined. What an anomaly!
10-29-2011 01:47 PM - edited 10-29-2011 01:52 PM
That is strange. Isn't funny how location matters in terms of approval.
So, a few moments after posting here, I decided to just bite the bullet and apply. I was approved for $800. Not too shabby considering I'm currently carrying a higher balance on one of my bank cards (no interest until April on that card, however) and just applied for Care Credit less than a month ago and was given a pretty generous limit. I plan on using the Walmart card for a few Christmas presents as they have a 6 months no interest special going for purchases made in November and December. I'd have it paid off ASAP.
Thanks for your input.
10-29-2011 03:59 PM
10-29-2011 04:07 PM
I'm not sure if it's just for new customers. I went to the "Walmart Credit Cards" section on the site, and it mentioned the special at the top.
Here's a link: http://www.walmart.com/cp/Credit-Cards/632402
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.