Reply
Valued Member
Cranski
Posts: 94
Registered: ‎07-21-2012
0

Re: Walmart store credit card: research


jsucool76 wrote:
My TU when i activated the card (through the free TU08 ) was 655. I had 13 inqs on TU alone and was approved for $500. At the time my highest limit reported was 600, i dont know if it would have made a difference had my cap1 been reported at the time.

Really..... really?  If I had a 3k card, and could app before and after and it made no difference...  I'd have to give walmart a call.

 

CS 701, CK 682, Credit.com 719/ TU FICO 666 (DIS 8/12) EU FICO 658 (8/12)
After spree CS 738, CK 684, TU FICO 666 (Dis 8/5)

WF Secured 600Cl (7/11), Discover More 1.5k (8/12), Walmart 150CL(8/12), Cap1 Platinum w/Credit steps($300) (8/12)
Senior Contributor
jsucool76
Posts: 3,567
Registered: ‎12-11-2011
0

Re: Walmart store credit card: research

I cobsidered calling and asking them to up it since my cap1 reported now but im just too nervpus they'll be like "YOU SHALL NOT PASS" -confiscates cards-
Contributor
Dapper_Dan
Posts: 124
Registered: ‎08-13-2012
0

Re: Walmart store credit card: research


Cranski wrote:

jsucool76 wrote:
My TU when i activated the card (through the free TU08 ) was 655. I had 13 inqs on TU alone and was approved for $500. At the time my highest limit reported was 600, i dont know if it would have made a difference had my cap1 been reported at the time.

Really..... really?  If I had a 3k card, and could app before and after and it made no difference...  I'd have to give walmart a call.

 


WalMart just started reporting... SW change = NONE.  My score, with 3 hard pulls and 2 new TL (Cap1 and WM) is still 577.

4/2012 **Paid off 60 month car loan in 60 months**
6/11/2012 500 Auto EQ (CarMax)
7/2012 **Paid off 60 month VW car loan in 32 months**
8/13/2012 584 TU myFICO
8/16/2012 577 EQ myFICO
8/18/2012 **New $500 CC from WalMart** (1st CC since 2008)
8/19/2012 **New $200 CC from Capital One** (2nd CC since 2008)
Regular Contributor
Unoriginalnj
Posts: 116
Registered: ‎11-13-2011
0

Re: Walmart store credit card: research

Any information on how many hard pulls and what cra they're using? Great thread so far guys - definitely good information for not only myself but others.
Senior Contributor
jsucool76
Posts: 3,567
Registered: ‎12-11-2011
0

Re: Walmart store credit card: research

GECRB always pulls TU. I had 12 or 13 inqs on TU when they approved me. All less than a year old.
Contributor
tbolt2
Posts: 84
Registered: ‎03-11-2011
0

Re: Walmart store credit card: research

I was approved for 500 in Dec 2010 with a judgement from 2006 and another Jan 2010. At the time I also had very few inquiroes and no collections. I was just starting my rebuild.

 

GECRB issued cards from Walmart, Amazon, JCPenney, etc seem to be easy to get.

 

Two things you need to pay close attention to with GECRB if you get any of their cards and your scores are low: new negatives on your CR and high utilization.

 

GECRB is very good about CLI's and your cards will grow quickly if no new negatives appear on your credit report and your utilization is low. About 6 months after getting several GECRB cards, three collections showed up on my report .......5 years after they should have appeared. They will drop off at the 7 year mark in Jan 2013. My utilization has also been very high. All the luv that GE shows every four months - either automatically or requested by me -  gone. I've had no credit limit increases since those negatives, and it's been about a year.

 

However......  :smileyhappy:

 

My utilization is down, my FICO score is up and yesterday, they approved me for Lowe's card with a 300.00 limit.


Starting Score: 534 11/09
Current Score: FICO 652 05/11
Goal Score: 700+


Take the FICO Fitness Challenge

Established Contributor
kobe2012
Posts: 691
Registered: ‎03-16-2012
0

Re: Walmart store credit card: research


Dapper_Dan wrote:

kobe2012 wrote:

My score was 607 or lower when i got approved last May...starting CL was $500 and it was auto increased to $900 in less than 3 months.... Next month is my 4th month and will see if i can get an increase again..... I had 5 collections, 4 chargeoffs at the time of approval.. Besides cap one, GE is the only one who would approve me


Did you use you card at all?  Or did they give you an increase with no activity?


I used about $250 for first two months and left a balance 


Starting Score: TU: 598 03/23/2012 EQ:607 05/24/2012 EX:607 04/26/2012 (lender pull) EX FAKO:522 03/2012
Current Score: TU(Myfico)04/2013:689 EQ(Myfico)04/2013:701 EX(AMEX pull)04/01/2013:675 (CreditSecure FAKOS) 5/14/2013 EX:726 EQ:701 TU:730 TU(Walmart):699
Barclay Rewards:5k/Cap1:$3.5k/Cap1:$2.5k/Citi TYP:2k/Freedom:$5k/Slate:3k/Marriott visa sig 5k/BCE:$1k/Zync: $500 PSL/Discover IT:$1.9k/Walmart:$8k/Chevron:$5k/Gap:$5k/Kay:$3.4kk



Regular Contributor
Unoriginalnj
Posts: 116
Registered: ‎11-13-2011
0

Re: Walmart store credit card: research

So far I'm liking my odds. Keep the information coming, hopefully it's helping others
Established Contributor
Jlu
Posts: 785
Registered: ‎06-12-2012
0

Re: Walmart store credit card: research

Approved for $500 this month w/ 635 EQ/650 TU with 18 inquiries, 2 CO's from 2007 and 1 60-day late from 2007.

 

Approved $600 for Amazon a few minutes later, same stats +1 inquiry.

JP Morgan Select $10k | CSP $10k | Citi TY Premier $15k | BofA 3-2-1 $15k | Chase Freedom $10k | Discover IT $10k | Barclaycard $10k | AMEX SPG $5k | AMEX PRG NPSL | NASA Platinum-Advantage $10k | CapOne Quicksilver $3k | Walmart Card $5k | Amazon Card $10k | Chase Auto 1.49% | Joined myFICO 6/12 with a 540 FICO & today I'm over 750!
New Contributor
Movin_on_up
Posts: 54
Registered: ‎01-31-2012
0

Re: Walmart store credit card: research

This is all great info.  Thanks everyone!


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}