07-16-2012 01:47 PM
I've been reading about the benefits of the Walmart credit card and am wondering how easy it is to get. I don't want to use an inquiry unless I'm fairly confident that I'm in the range that they will approve, I received a pre-qualified JCP app a few weeks ago. Was thinking about sending that in but I'd be more likely to use this one.
07-16-2012 03:11 PM
I was denied with a TU 599, credit file: no previous revolving credit, a 13 month car loan, student loans in repayment and an unpaid judgment. When I called to recon, credit analyst said I needed at least six months of CC payment history to be approved.
07-16-2012 03:50 PM
My Sams card is a GE product so if you have any other GE products and no issues with them, that could help as well. I would take the Walmart card oover JCP any day since it could lead to other things down the road.
07-16-2012 04:34 PM
Is there a best time to apply for a new card? I have 3 cards, two with CLs of $750.00 and one with $300. The cards with $750 CLs have balances of about $700 and $650. Those will be knocked down to about $200. in two weeks. The card with the $300. CL has a balance of $120. I pay them down then use them for monthly expenses. Just keep the cycle going each month. Sometimes pay extra, sometimes spend extra. Depends on the month. Is it better to apply for a new card a few days after significantly paying down a card so they aren't shown as having most of the available credit used?
07-16-2012 06:13 PM
Scores usually updated on the credit bureaus a few days after your statement cut... I think it would be better until you get your utilization down and then apply.. Walmart is not that hard to get... I was in the high 500's to low 600's when I got approve last May... I had 3 collections 4-5 yrs ago at the time and probably 5-6 charge offs 6-7 yrs old...
07-16-2012 10:59 PM
Or Google "Creditboards Database" -- This database is pretty impressive... Whogavemecredit.com is kind of weak...
I think I cannot link but I can mentioned it, correct MODS?
07-16-2012 11:32 PM
when i hit 6 mos credit and obtained my tu fico was 683 and denied with walmart. reasons were length of time of accounts and collection which was from 06 and inquiries i had 4 at the time so ymmv and you cannot recon if denied
07-16-2012 11:41 PM
So I guess it's 50/50 in the end. Might get it if I apply soon or I might not. Could try and have an inquiry or, not try, wait a year, keep using and paying, longer time with my current cards, scores will go up without me watching them and most likely, credit offers will come in as they have been. Most haven't been that great to I toss them in the trash (interest from the date of purchase, very high rates ect...). I'm going to need a new computer soon but got shot down but Apple's financing company. Guess there is no rush but the Walmart card would be the most practical.
07-16-2012 11:52 PM
you applied with barclays? what was theres reasons for denial?
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.