I am thinking of applying for the walmart card to be able to receive the tu08 score every month.
My question is, with a util% of around 46%, no baddies at all on my report, just high util, do you think i will be able to get the card.
I know with major players like chase and citi, because of my high util%, i would not get a card which is fine by me. I just want the walmart card for the score.
Oh i only have 1 inq on 2 of my reports so that is not an issue either.
thanks everyone for your opinions and suggestions.
Im assuming you have a score in the 700's since you have a goal set to be in the 800's for this year. If that's correct and with the history listed above they may offer the discover to you.
I would recommend applying. I received a Walmart store card with a CL of $600 when I was just starting to build credit a little over 2 years ago. The CL has been increased to $2000 since then and I've been switched to the Discover card. With a score of 723 it should be an easy approval for you.
I got approved for the store card with TU score of around 640 and thats with several late payments, 2 charge offs and at the time had a CO on file although its gone now.
I would think with your score, you should be able to qualify for the Disc version
Yes you will be approved. For some reason I applied for a second Walmart card a couple of months back and they gave me one, not a great limit ($800) but with a TU score of 660, with 88% util overall, and over 90% util on my other Walmart card they still gave it to me. Oh yeah and a old BK and the baddies associated with it still showing.
If they will give me one I don't see how they wouldn't give you one.
You may up your chances by applying in store if you are near one and it's convenient for you. That way you bypass a possible denial from an online glitch, such as your identity not verifying etc. Just a heads up.
Although Fico scores are important in general, Walmart does not use them in calculating risk. They have their own scoring. If it helps your app finger I was just approved for a $700 CL instantly online, with a Fico score way lower than yours .