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Will I Get Approved for WalMart??

Regular Contributor

Re: Will I Get Approved for WalMart??

Okay so is the concensus to PASS on Wally and PASS on Barclaycard and APP for Discover IT Student.

I hear what you are saying about Wal-mart or Barclay not really being Top Tier lenders but is it seriously wise to go into the garden with only ONE revolving account with a $300CL AND that is secured?  Is it not more important to obtain at least 3 revolvers right now so that they can grow together?


Starting Score: (FICO)(August 29, 2013) 502(EQ) 568(EX) 549(TU)
Current Score: (FICO) (January 28, 2017) 712(EQ) 720(EX) 720(TU)
Goal Score: 720(EQ) 720(EX) 720(TU)

Amex Business Platinum NPSL | Chase Sapphire Preferred $15,000 | Chase Freedom $9000 | Amex ED $1,000 | BofACash Rewards $3100 | Amazon Store Card $4000
Message 21 of 65
Super Contributor

Re: Will I Get Approved for WalMart??


JamesKnox wrote:

Okay so is the concensus to PASS on Wally and PASS on Barclaycard and APP for Discover IT Student.

I hear what you are saying about Wal-mart or Barclay not really being Top Tier lenders but is it seriously wise to go into the garden with only ONE revolving account with a $300CL AND that is secured?  Is it not more important to obtain at least 3 revolvers right now so that they can grow together?


You can come to the garden with one card of course........

And take your time building up revolving TL's and yes if you do apply and I really wish you would wait until you're showing 6 months of payment history but you seem ready to app...apply for the Discover student version only 

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 22 of 65
Frequent Contributor

Re: Will I Get Approved for WalMart??

2 should be enough to start, then garden them for 6 months to a year and you will be all set.

EX FICO - 526 9/24/14 TU FICO - 555 9/25/14 EQ FICO - 625 9/26/14
BK Discharged 7/7/14

Credit One $300 $500 --- Capital One Quicksilver $300
Comenity/Motorola Credit $1,500 --- Comenity/JCrew $750 $950
Comenity/Sportsmans Guide Visa $2500
Message 23 of 65
Regular Contributor

Re: Will I Get Approved for WalMart??

Go with the Wal-Mart card and forget about the Discover card IMO.

Quicksilver x2 | Barclays | Store Cards (more than I need)

Scores: 650s
Message 24 of 65
Moderator Emerita

Re: Will I Get Approved for WalMart??

I would wait on both. Chances of approval with two months of rev credit history are slim with Wal. The student Discover would have been a wiser choice -believe it or not- as your first cc -after that they will prob want to see a few more months of rev cred.

Also,the student discover does not come with the same promo period, you might get a lower CLI etc.

IMO, app toward the end of the year.
Message 25 of 65
Senior Contributor

Re: Will I Get Approved for WalMart??

Again, as a cardholder of both Walmart and Discover,
DO NOT app Discover. Even as a student, they denied me time after time after time for short history even w low util.
I got Walmart w 630-640 FICO and Discover with 688 FICO.
You have a 50% chance of Walmart and 20% of Discover IT.
Is the glass half empty or half full? Lol

:-)
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| BOA Better Bal $17.5k |Wmt Discover $12.5k | BR Visa $17.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Message 26 of 65
Senior Contributor

Re: Will I Get Approved for WalMart??

Your high aaoa will get you the Walmart card imo.
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| BOA Better Bal $17.5k |Wmt Discover $12.5k | BR Visa $17.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Message 27 of 65
Moderator Emerita

Re: Will I Get Approved for WalMart??

I, too have both cc's and waiting is best. OPs 'high' AAOA is for SLs not rev credit. In Dec he'll be closer to 6 mos and his chances are better. Walmart does not recon a system decline and neither does discover.
Message 28 of 65
Regular Contributor

Re: Will I Get Approved for WalMart??

I'm waiting to apply for a few more months. ;-)


Starting Score: (FICO)(August 29, 2013) 502(EQ) 568(EX) 549(TU)
Current Score: (FICO) (January 28, 2017) 712(EQ) 720(EX) 720(TU)
Goal Score: 720(EQ) 720(EX) 720(TU)

Amex Business Platinum NPSL | Chase Sapphire Preferred $15,000 | Chase Freedom $9000 | Amex ED $1,000 | BofACash Rewards $3100 | Amazon Store Card $4000
Message 29 of 65
Super Contributor

Re: Will I Get Approved for WalMart??


JamesKnox wrote:

I'm waiting to apply for a few more months. ;-)


BRAVO 

I think this is a very good move and my congrats for thinking it thru

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 30 of 65