Walmart CC?

[heathuhhhhwebbbb]

Hi everyone!  So I have a current GE Luxury Card with a $1200/$1500 balance and I KNOW its high utlization.  Now, would it help my score MORE if I paid down the balance (it is interest free unti May 2013) or would I have the chance to getting approved for a Walmart/Target CC, and what would help my score more?

Thanks in advance.

[lithium78]

You should definitely pay down your balance before apping for another card.  High utilization is a red flag for lenders.  Once you get it paid down, I would recommend the Walmart card.  If you sign up for online statements, you get a free TU08 FICO score every month, plus you can ask for CLIs every four months without a hard pull.  The Target card is good for the 5% discount at Target, but the CL doesn't grow.

[Jutz]

Is it true they only pull TU?

[nicholasyud]

Pull Tran in Louisiana confirm.....

Paid down as much as possible for your better approved change.....

[beb86]

---

@Jutz wrote:

Is it true they only pull TU?

---

The pulled TU for me in Ky but only gave me a $600 limit 

[Jutz]

What were your scores like at the time?  I wouldn't be worried about a lower CL with their CLI tendencies

[heathuhhhhwebbbb]

Even if I have several different lines open with $0 balances?  All together my utlization is really low.

[spartanspirit]

i was at practically 90 percent utilization with a charge off and a paid judgment on my report with multiple lates and i was approved for 600 about two weeks ago. their fico score for me was 635.

[heathuhhhhwebbbb]

Hmmm.  Did you apply online or instore?  And did you get the Discover or the store card?

[spartanspirit]

---

@heathuhhhhwebbbb wrote:

Hmmm.  Did you apply online or instore?  And did you get the Discover or the store card?

---

sorry, im not sure if u are asking me, but i applied online. i only got the store card, but its okay since i shop a ton at walmart. i applied last year and was denied, only difference now is that i have 4 accounts i opened since the denial. same utilization, same paid judgment, same charge off. i was shocked they instantly approved me.