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New Contributor
heathuhhhhwebbbb
Posts: 163
Registered: ‎10-18-2012
0

Walmart CC?

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.

09/2013: TU FICO 692, EQ FICO 698, EX PLUS 709. No apps until December 2014!
Freedom: $1500 Cap1 Plat: $2000 Cap1 Cash: $1500 Barclays: $4000 Walmart: $2700 GE Luxury: $4800 Jared: $1500 Davids Bridal: $1500
Established Contributor
lithium78
Posts: 929
Registered: ‎07-30-2011
0

Re: Walmart CC?

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.


Starting Score: TU: 566
Current Score: TU: 741 (Discover FICO); EQ: 755 (MyFico) EX: 774 (FAKO)
Goal Score: 800

Take the FICO Fitness Challenge
Valued Contributor
Jutz
Posts: 1,216
Registered: ‎05-10-2012
0

Re: Walmart CC?

Is it true they only pull TU?

  • Current: EQ FICO 694, TU FICO 695, EX FICO 698 | Starting Score: 525 (05/2012)
  • Starting total revolving credit: $1100 | Current total revolving credit: $29,500
  • Inquiries (12 Months): EQ 6 TU 3 EX 6 | Most Recent: 1/21/2014
Chase Freedom $5000
DCU Visa $10000
Capital One QS $2000
AMEX BCE $1000
Lowe's CC $8500
WalMart CC $2400
BOA Platinum $600
AMEX Gold NPSL
Valued Contributor
nicholasyud
Posts: 1,734
Registered: ‎08-13-2012
0

Re: Walmart CC?

Pull Tran in Louisiana confirm.....

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


Starting Score: 560
Current Score: 748 Wishlist: CSP, Simply Cash, SPG, BOLD, INK, United MP,
Goal Score: 800


Walmart: 10k |Usaa: 8k|BCE: 9k| Amex: NSPL|Dis: 3.4k|Cap: 3.5k|CAP: 2k|CSP: 5k| Pen:4.5k

Valued Contributor
beb86
Posts: 1,117
Registered: ‎10-31-2011
0

Re: Walmart CC?


Jutz wrote:

Is it true they only pull TU?


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

ccpics2.jpg
Valued Contributor
Jutz
Posts: 1,216
Registered: ‎05-10-2012
0

Re: Walmart CC?

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

  • Current: EQ FICO 694, TU FICO 695, EX FICO 698 | Starting Score: 525 (05/2012)
  • Starting total revolving credit: $1100 | Current total revolving credit: $29,500
  • Inquiries (12 Months): EQ 6 TU 3 EX 6 | Most Recent: 1/21/2014
Chase Freedom $5000
DCU Visa $10000
Capital One QS $2000
AMEX BCE $1000
Lowe's CC $8500
WalMart CC $2400
BOA Platinum $600
AMEX Gold NPSL
New Contributor
heathuhhhhwebbbb
Posts: 163
Registered: ‎10-18-2012
0

Re: Walmart CC?

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

09/2013: TU FICO 692, EQ FICO 698, EX PLUS 709. No apps until December 2014!
Freedom: $1500 Cap1 Plat: $2000 Cap1 Cash: $1500 Barclays: $4000 Walmart: $2700 GE Luxury: $4800 Jared: $1500 Davids Bridal: $1500
Valued Member
spartanspirit
Posts: 46
Registered: ‎08-16-2011
0

Re: Walmart CC?

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.



Starting Score: TU 639 EQ 638
Current Score: Walmart TU 635
Goal Score: 740+

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New Contributor
heathuhhhhwebbbb
Posts: 163
Registered: ‎10-18-2012
0

Re: Walmart CC?

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

09/2013: TU FICO 692, EQ FICO 698, EX PLUS 709. No apps until December 2014!
Freedom: $1500 Cap1 Plat: $2000 Cap1 Cash: $1500 Barclays: $4000 Walmart: $2700 GE Luxury: $4800 Jared: $1500 Davids Bridal: $1500
Valued Member
spartanspirit
Posts: 46
Registered: ‎08-16-2011
0

Re: Walmart CC?


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.



Starting Score: TU 639 EQ 638
Current Score: Walmart TU 635
Goal Score: 740+

Take the FICO Fitness Challenge






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