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Regular Contributor
ktm214
Posts: 163
Registered: ‎08-24-2009

Wal Mart

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‎12-17-2012 11:50 AM

What cs should I be looking at before applying for a walmart card? Thank You
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Shogun
Posts: 7,374
Registered: ‎04-15-2011

Re: Wal Mart

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‎12-17-2012 11:53 AM

You would want your TU score to be around 600, over 620 is optimal I believe.

Starting Score: 504

Current Score: EQ FICO 819, TU08 775, EX "Who Knows?" Quizzle 756
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge
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jagshere
Posts: 98
Registered: ‎07-07-2011

Re: Wal Mart

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‎12-17-2012 11:54 AM - edited ‎12-17-2012 11:59 AM

Seems that they usually pull TU...

 

Check out: whogavemecredit.com


10/12 TU-668 FICO 11/19 676-FICO 12/26 746-FICO 1/5 WM FIC0-763 2/4 WM FICO 758 3/6 721
DCU FICO 750 1/25 DCU FICO 700 2/22 707 DCU FICO 3/28 710
10/12 EX-721(FAKO) 10/22 AMEX (FICO) 646 10/19 725(FAKO)12/8 731(FAKO) 1/15 738 (FAKO)
Discover 1.2k|Chase Freedom 5k| DCU 7.5K| Walmart Discover 10K
First Niagara 2K| PenFed 9k| BCE 1k


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Regular Contributor
ktm214
Posts: 163
Registered: ‎08-24-2009

Re: Wal Mart

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‎12-17-2012 12:06 PM

Any idea as to where a TU score sets in relation to EQ and EXP? Thanks
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Jutz
Posts: 1,142
Registered: ‎05-10-2012

Re: Wal Mart

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‎12-17-2012 12:10 PM

ktm214 wrote:
Any idea as to where a TU score sets in relation to EQ and EXP? Thanks

There's no set variance, each bureau's model treats different profiles uniquely.  TU tends to be my middle score.

 

I agree with Shogun, 600 minimum, 620 optimum.  680 or so I think could get the Discover version.

Current: EQ FICO 664, TU FICO 683, EX FICO 698 | Starting Score: 525 (05/2012)

Starting total revolving credit: $1100 | Current total revolving credit: $7000

Inquiries (12 Months): EQ 3 TU 2 EX 2 | Most Recent: 1/8/2013


2013 Goals:
New Car
700 Club
AMEX Member

AMEX Gold NPSL
DCU Visa $2000
Cap1 Cash Rewards $2000
BOA Platinum $600
WalMart $800
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Croselx
Posts: 126
Registered: ‎07-31-2012

Re: Wal Mart

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‎12-17-2012 12:17 PM

When I applied I had a GE product (PP smart connect), they pulled TU which was around 726 at the time. My Util was 3% and only had 1 30 day late as a negative (other than an inquiry from a loan in may).

 

Beware of applying with a short history, high util and too many inquiries. I have seen 2 family members get declined for too many inquiries (3-5), short credit history (6-8 months) and high util (over 50%).

 

On the other hand, PP instant approved me for $300 even though I had a 30 day late the month prior that had already reported and only had another account with extremely high util (85%!). So that is another option for a card that grows with you and is lenient with approvals.

As of Mar 05: AAoA 12 months
CK TU: 645; Wal-Mart TU FICO: 693
CS EX: 719
7 CCs, 11 total accounts.
Negs on report: 1 30 day late aged 2 years
8 inquiries
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