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Walmart store credit card: research

Valued Member

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)
Message 11 of 50
Super Contributor

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-
Message 12 of 50
Contributor

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)
Message 13 of 50
Regular Contributor

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.
Message 14 of 50
Super Contributor

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.
Message 15 of 50
Contributor

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......  Smiley Happy

 

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

Message 16 of 50
Established Contributor

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: MYFICO 12/30/15 -TU: 481, EQ:561, EX:532 - BK7 DISCHARGED 12/2015 - Current: 09/01/2016 TU:642 EQ: 651 EX: 646
NFCU cashRewards:$6200 QS:$1500 Merrick:$1200 Cabelas:$1000 SonyVisa: $500 JCrew:$850 Overstock:$850 Express: $1050 PaypalCredit:$2150 NAVCHECK:$10K
Message 17 of 50
Highlighted
Regular Contributor

Re: Walmart store credit card: research

So far I'm liking my odds. Keep the information coming, hopefully it's helping others
Message 18 of 50
Established Contributor

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.

AMEX SPG $30K | Citi TY Premier $20k | PenFed PlatRewards $25k | Barclay Arrival+ 40k | Chase Freedom $20k | BofA AMEX $15k | Discover IT $20k | | NASA Platinum-Advantage $20k | CapOne Quicksilver $15k | Amazon Card $10k |

My Journey from Sub-600s:
Message 19 of 50
New Contributor

Re: Walmart store credit card: research

This is all great info.  Thanks everyone!

Starting score: EQ FICO 8 702 (1/1/2012)
Current scores: EQ FICO 8: 763 / TU FICO 8: 760 / EX FICO 8: 765

Wallet: Chase Freedom 12K - Discover More 12K - Walmart 1K - Capital One MC 1K
Message 20 of 50