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New Contributor
Posts: 163
Registered: ‎10-18-2012
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Walmart "Type" Question

Sorry for the possibly dumb question, but on CK it says that the "type" of card I have from Walmart is "Complete Department Stores".  I'm assuming this is the store version of the card, but does this reflect negatively on my score?

 

Just curious. 

 

Thanks!!

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
Regular Contributor
Posts: 123
Registered: ‎07-22-2012
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Re: Walmart "Type" Question

If the card is a store version, it won't negatively impact your credit score. However, it will not give you as much a boost as a credit card from a prime lender.

Jun 2012 FICO® ~ 734 EQ
Sep 2012 FICO® ~ 684 EQ; 734 TU
Oct 2012 FICO® ~ TBA

Goal for 2014 ~760+

Trying to stay in the garden...but also trying to get as many apps as possible for now :smileywink:
Valued Contributor
Posts: 1,228
Registered: ‎05-10-2012
0

Re: Walmart "Type" Question

[ Edited ]

Nope, it still counts toward your overall utilization.  Not sure if on a manual review it would make a difference, but it's still counted as a standard revolving card.

 

My question on the same token, for those companies that may look for a card with a higher limit during a recon, would they count the Walmart card if that was the highest limit card?  If a person is applying for a Freedom, and has three cards in the neighborhood of 1k, and one Walmart card at 5k, would they have an issue with that? 

 

Sportbike, I'm not sure what kind of "boost" you mean, but as far as score goes, FICO sees a store card the same. 

  • Current: EQ FICO 706, TU FICO 701, EX FICO 706 | Starting Score: 525 (05/2012)
  • Starting total revolving credit: $1100 | Current total revolving credit: $36,700
  • Inquiries (12 Months): EQ 2 TU 1 EX 1 | Most Recent: 1/21/2014
Chase Freedom $9500
DCU Visa $10000
Capital One QS $2000
AMEX BCE $3000
Lowe's CC $8500
WalMart CC $3100
BOA Platinum $600
AMEX Gold NPSL
New Contributor
Posts: 163
Registered: ‎10-18-2012
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Re: Walmart "Type" Question


Jutz wrote:

Nope, it still counts toward your overall utilization.  Not sure if on a manual review it would make a difference, but it's still counted as a standard revolving card.

 

My question on the same token, for those companies that may look for a card with a higher limit during a recon, would they count the Walmart card if that was the highest limit card?  If a person is applying for a Freedom, and has three cards in the neighborhood of 1k, and one Walmart card at 5k, would they have an issue with that? 

 

Sportbike, I'm not sure what kind of "boost" you mean, but as far as score goes, FICO sees a store card the same. 


I'm not sure but when I got my Freedom, they gave me $1000, which was not as high as my "highest" card at $1500.  But more than what I thought I would get. 

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 Contributor
Posts: 1,228
Registered: ‎05-10-2012
0

Re: Walmart "Type" Question

I wish I could have gotten a Freedom in time for the 10+10.  Oh well

  • Current: EQ FICO 706, TU FICO 701, EX FICO 706 | Starting Score: 525 (05/2012)
  • Starting total revolving credit: $1100 | Current total revolving credit: $36,700
  • Inquiries (12 Months): EQ 2 TU 1 EX 1 | Most Recent: 1/21/2014
Chase Freedom $9500
DCU Visa $10000
Capital One QS $2000
AMEX BCE $3000
Lowe's CC $8500
WalMart CC $3100
BOA Platinum $600
AMEX Gold NPSL
New Contributor
Posts: 163
Registered: ‎10-18-2012
0

Re: Walmart "Type" Question


Jutz wrote:

I wish I could have gotten a Freedom in time for the 10+10.  Oh well


I see that on the forums a lot.  What is the 10+10?!?

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 Contributor
Posts: 1,228
Registered: ‎05-10-2012
0

Re: Walmart "Type" Question

Check out the thread on Chase closing the 10+10 program, and then do a quick search on it.  It gives you bonus points for also having a checking account.  You should be grandfathered, but you should check into the checking account portion of it

  • Current: EQ FICO 706, TU FICO 701, EX FICO 706 | Starting Score: 525 (05/2012)
  • Starting total revolving credit: $1100 | Current total revolving credit: $36,700
  • Inquiries (12 Months): EQ 2 TU 1 EX 1 | Most Recent: 1/21/2014
Chase Freedom $9500
DCU Visa $10000
Capital One QS $2000
AMEX BCE $3000
Lowe's CC $8500
WalMart CC $3100
BOA Platinum $600
AMEX Gold NPSL
Established Contributor
Posts: 2,112
Registered: ‎09-25-2011
0

Re: Walmart "Type" Question

Chase gives beneits for having multiple products with them nicknamed the trifecta for most people online.

 

Chase checking + Freedom = 10 extra points extra per every transaction even for 1 penny + 10% bonus

 

so if you charged a $1 coffee you would get 1 base point + 10 bonus point = 11 points + 1.1 (10% bonus) so 11.1 points for 1 cup of coffee. So it makes the Freedom the definately the go to card for small transactions no matter what card you have. Like under $20 even at restaurants or hotel purchases over the Sapphire.

 

Although you transfer your UR Points to Sapphire then you redeem 25% for bonus on travel completes the Trifecta.

 

So if you got 11.1 points for $1 purchase with Checking+Freedom then transfer it to sapphire for travel your actually getting 13.875 worth of points for transaction making very close to 14 points for $1 LOL

 

 

of coursse this is very unrealistic number since most people wouldn't use $1 purchases all day, and if you did you would get banne for abuse.


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
New Contributor
Posts: 163
Registered: ‎10-18-2012
0

Re: Walmart "Type" Question


distantarray wrote:

Chase gives beneits for having multiple products with them nicknamed the trifecta for most people online.

 

Chase checking + Freedom = 10 extra points extra per every transaction even for 1 penny + 10% bonus

 

so if you charged a $1 coffee you would get 1 base point + 10 bonus point = 11 points + 1.1 (10% bonus) so 11.1 points for 1 cup of coffee. So it makes the Freedom the definately the go to card for small transactions no matter what card you have. Like under $20 even at restaurants or hotel purchases over the Sapphire.

 

Although you transfer your UR Points to Sapphire then you redeem 25% for bonus on travel completes the Trifecta.

 

So if you got 11.1 points for $1 purchase with Checking+Freedom then transfer it to sapphire for travel your actually getting 13.875 worth of points for transaction making very close to 14 points for $1 LOL

 

 

of coursse this is very unrealistic number since most people wouldn't use $1 purchases all day, and if you did you would get banne for abuse.


Oh nice.  I do have a checking with Chase (have had them for a LONG time).  LOL

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 Contributor
Posts: 1,228
Registered: ‎05-10-2012
0

Re: Walmart "Type" Question

Send them a secure message online to ensure you're enrolled, the program goes away as of tomorrow i think.  That's awesome!  Earn some points!

  • Current: EQ FICO 706, TU FICO 701, EX FICO 706 | Starting Score: 525 (05/2012)
  • Starting total revolving credit: $1100 | Current total revolving credit: $36,700
  • Inquiries (12 Months): EQ 2 TU 1 EX 1 | Most Recent: 1/21/2014
Chase Freedom $9500
DCU Visa $10000
Capital One QS $2000
AMEX BCE $3000
Lowe's CC $8500
WalMart CC $3100
BOA Platinum $600
AMEX Gold NPSL
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