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Regular Contributor
roxy382
Posts: 129
Registered: ‎01-09-2012

walmart card... no interest??

My statement just cut for my Walmart card which I still have a small balance on. Part from purchases and $20 from fast cash. I realized though that this is the second month that they didn't charge me interest at all. I have no promotional intrest free charges. Has anyone else seen this from Walmart?? (Not that I'm complaining!)
In My Wallet: Amazon (5/2011) $2200 -- CareCredit (9/11) $4200 -- Capital One Green Cash Rewards (01/12) $3000 -- Citi Forward (1/12) $2500 -- Walmart Store Card (1/12) $1100 -- Maurices (8/12) $200

Starting Score: EX 567 9/13/2010
Current Score: EX(FAKO) 639 EQ(FAKO) 628 TU(FAKO) 662 11/13/2012
Goal Score: 750
Valued Contributor
jsucool76
Posts: 2,770
Registered: ‎12-11-2011

Re: walmart card... no interest??

Is the balance from this month or from last month? No interest is charged until the grace period ends, and then if you don't PIF by the time the grace period is over, then your interest gets tacked on. 

Wallet: Capital One Cash Rewards 3500CL, Wells Fargo Cash Back College Visa: 900CL, Paypal Smart Connect: 1286CL, Walmart Discover: 2000CL, UPromise Mastercard: 1000CL, Chase Slate: 500CL, Discover IT: 2000CL, Citi Forward: 1500CL, Bank Of America Student Travel Rewards: 700CL
Frequent Contributor
slarano
Posts: 281
Registered: ‎04-30-2008

Re: walmart card... no interest??

[ Edited ]

In a semi-related topic, I just received an e-mail offer from them giving me an 18 months no interest offer on an in-store purchase for electronics $429 or more. 


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Valued Contributor
jamesdwi
Posts: 1,428
Registered: ‎09-16-2011

Re: walmart card... no interest??

got the same deal, and if you read it you get free interest on everything you buy on the same reciept, not just the eletronics purchase. So you can stock up of other stuff or do back to school shopping just buy something $429 or greater from electronics on the same reciept. 

 

 

 

 

Cards: Chase Southwest 20k & CSP 10k & Amtrak 4.6k, & Freedom 3.3k & Slate 3.3k, FNBO DISC 14.9k Oregon Duck 5k, & AMEX BCP 15k & AMEX Hilton Surpass 7.5k & AMEX Zync NPSL, Sams Club Discover 10k, Paypal Extras MC 6k, CapOne 2.5k, CapOne 750, Amazon 3.9k, Walmart 4.5k, Citi Simplicity 7k, HHonors Gold 1k (moved 5k CL to Simplicity), Discover IT 6.5k and a nice stack of store cards.
Last APP 4/26//2014 no plans for new credit I think I have enough.
Regular Contributor
roxy382
Posts: 129
Registered: ‎01-09-2012

Re: walmart card... no interest??

The balance is from beginning of august and my statment cuts august 19. I don't know a lot about how my cards charge interest because I normally don't carry a balance unless its a 0% intrest for xx/months promo. I just thought it was weird.
In My Wallet: Amazon (5/2011) $2200 -- CareCredit (9/11) $4200 -- Capital One Green Cash Rewards (01/12) $3000 -- Citi Forward (1/12) $2500 -- Walmart Store Card (1/12) $1100 -- Maurices (8/12) $200

Starting Score: EX 567 9/13/2010
Current Score: EX(FAKO) 639 EQ(FAKO) 628 TU(FAKO) 662 11/13/2012
Goal Score: 750
Valued Contributor
jsucool76
Posts: 2,770
Registered: ‎12-11-2011

Re: walmart card... no interest??

Yeah once your statement cuts you have a grace period (i'm not sure how long it is with walmart, but that would be your "payment due by..." date. 

 

 

If you make the minimum payment by this date, your interest will get backdated to the original date of purchase (I think, or possibly statement cut date :smileytongue: ). If you make your payment in full and leave no balance, you pay no interest so long as you pay by the "Payment due by..." date. 

Wallet: Capital One Cash Rewards 3500CL, Wells Fargo Cash Back College Visa: 900CL, Paypal Smart Connect: 1286CL, Walmart Discover: 2000CL, UPromise Mastercard: 1000CL, Chase Slate: 500CL, Discover IT: 2000CL, Citi Forward: 1500CL, Bank Of America Student Travel Rewards: 700CL
Regular Contributor
roxy382
Posts: 129
Registered: ‎01-09-2012

Re: walmart card... no interest??

Good to know! Thanks.
In My Wallet: Amazon (5/2011) $2200 -- CareCredit (9/11) $4200 -- Capital One Green Cash Rewards (01/12) $3000 -- Citi Forward (1/12) $2500 -- Walmart Store Card (1/12) $1100 -- Maurices (8/12) $200

Starting Score: EX 567 9/13/2010
Current Score: EX(FAKO) 639 EQ(FAKO) 628 TU(FAKO) 662 11/13/2012
Goal Score: 750
Senior Contributor
youngandcreditwrthy
Posts: 6,154
Registered: ‎08-16-2012

Re: walmart card... no interest??

got the same deal, and I do that sometimes lol... like stock up on cleaning supplies hahah!

Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| Wmt Discover $12.5k | BR Visa $12.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Arrival $12.7k | Smile Gen $7.25k | Dillard's $5k| West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Established Contributor
compassion101
Posts: 570
Registered: ‎06-06-2012

Re: walmart card... no interest??


roxy382 wrote:
The balance is from beginning of august and my statment cuts august 19. I don't know a lot about how my cards charge interest because I normally don't carry a balance unless its a 0% intrest for xx/months promo. I just thought it was weird.

Look at your July 19 statement. What was the balance? If you paid that full amount by the due date (guessing aug 10-14) then you won't have any interest charges.

 


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