topic Re: Walmart Store Card Criteria in Credit Card Applications

Walmart Store Card Criteria

DueDilligence — Tue, 17 Feb 2015 08:44:37 GMT

Let me throw this out there. What are the chances of a person getting denied for a Walmart card. To be more specific, what is the minimal criteria one would have to meet?

Re: Walmart Store Card

Anonymous — Tue, 17 Feb 2015 07:43:48 GMT

@DueDilligence wrote:
Let me throw this out there. What are the chances of a person getting denied for a Walmart card. To be more specific, what is the minimal criteria one would have to meet?

You can check the credit pulls database website to compare the scores of people who were approved or declined. It should give u a general idea of what it takes or u can post your scores here and people will give advice. There are many store cards that are very easy to get and I think Walmart is one of those that is relatively easier to get.

Re: Walmart Store Card Criteria

SunriseEarth — Tue, 17 Feb 2015 08:48:01 GMT

@DueDilligence wrote:
Let me throw this out there. What are the chances of a person getting denied for a Walmart card. To be more specific, what is the minimal criteria one would have to meet?

OP, I've created a new thread and edited your headline to help you get better responses to your question. Please feel free to edit if you'd like.

I received a pre-approval in the mail when my scores were ~625 on TU (August 2013). I was instantly approved for $300. It took 6 statements before I was able to get the LUV button to bump me to $700. Four more statements and I LUV-buttoned to $1400. After four more statements, I called Credit Solutions and went to $5K.

Re: Walmart Store Card Criteria

Anonymous — Tue, 17 Feb 2015 13:58:44 GMT

@DueDilligence wrote:
Let me throw this out there. What are the chances of a person getting denied for a Walmart card. To be more specific, what is the minimal criteria one would have to meet?

620+ TU with baddies aged 1-2yrs+ is pretty standard.... There have been lower approved but as always, Exception is not the rule.

Re: Walmart Store Card Criteria

App_Addict — Tue, 17 Feb 2015 15:32:59 GMT

Low 600's and some time since your last bad is a general rule. just expect a low starting limit at that range 300-500.

Re: Walmart Store Card Criteria

DueDilligence — Wed, 18 Feb 2015 01:48:12 GMT

Thanks guys!!!! One last question, is it a soft pull or hard pull?

Re: Walmart Store Card Criteria

Zorasmiles — Wed, 18 Feb 2015 01:33:34 GMT

@DueDilligence wrote:
Thanks guys!!!! One last quetion, is it a soft pull or hard pull?

Hard Pull it is..good luck.

Re: Walmart Store Card Criteria

Anonymous — Wed, 18 Feb 2015 02:46:13 GMT

i just got one with $700 sl. 633 tu score with 21 inq's. called recon got it bumped to 1100....should have tried for more...good luck

Re: Walmart Store Card Criteria

DueDilligence — Wed, 18 Feb 2015 05:08:55 GMT

What do the interest fees look like on this card, are there any special introductory deals?

Re: Walmart Store Card Criteria

Anonymous — Wed, 18 Feb 2015 06:03:13 GMT

Here's the Rates / Fees page from Walmart:

https://chb.onlinecreditcenter6.com/consumereApply/Internet/walmart/en/js/TermsConditions.htm

The MasterCard version has a signup bonus, but apparently the regular store card doesn't from what I can tell. The MasterCard's signup bonus is a $25 statement credit for spending $75 or more the day you open the account, and an auto $5 statement credit for every $500 you spend (essentially 1% cashback).

Edited to add: I don't see introductory interest rates or any special deals like that for either card.

Re: Walmart Store Card Criteria

MortgageMinded — Wed, 18 Feb 2015 09:08:49 GMT

Like the posters above, I have about the same credit score and was approved a few days ago. I did receive a mailer that said I was pre-qualified and not pre-approved. I was on the fence about this as well, as I didn't need another useless hard pull. I figured I would try again and was approved! The limit was $600 and hopefully it will go up over time.

Re: Walmart Store Card Criteria

Anonymous — Wed, 18 Feb 2015 09:36:26 GMT

Declined at 660 TU, 1 very old baddy, but 4 new accounts in prev 4 months. Letter stated too many new accts.

Re: Walmart Store Card Criteria

Anonymous — Wed, 18 Feb 2015 10:25:49 GMT

@Anonymous wrote:
i just got one with $700 sl. 633 tu score with 21 inq's. called recon got it bumped to 1100....should have tried for more...good luck

What did you state during reconn and what did they ask you? Thanks for your response. It will be very helpful. I get the feeling I would have to use reconn too to get a higher limit.

Re: Walmart Store Card Criteria

Anonymous — Wed, 18 Feb 2015 12:21:11 GMT

Does anyone know the rhyme or reason that they would give the MC version or the store version? I got instant online approval for the store version at 1k SL.

650ish myficos across the board.

Re: Walmart Store Card Criteria

Anonymous — Thu, 19 Feb 2015 02:54:34 GMT

I told the nice lady that I wanted to buy a new tv and needed the credit line to be at 1100, she placed me on hold and came back about 2 minutes later and stated my new limit was 1100. I jut have the plain store card and had the $25 rebate on my first statement.

Re: Walmart Store Card Criteria

Anonymous — Thu, 19 Feb 2015 23:55:56 GMT

I was approved for the store card this week with a 605 fico on TU, lots of derogs and about 5 months since my most recent late pay. Credit limit $500 and I received the bonus offer of $25 statement credit if I spent $75 online the same day I opened the card. Also, this card reports immediately on your credit report. It was reporting two days after I opened the account online.

Re: Walmart Store Card Criteria

MortgageMinded — Fri, 20 Feb 2015 23:35:57 GMT

Ditto.... it reports 2 days later!

Re: Walmart Store Card Criteria

blessed-man1980 — Sat, 21 Feb 2015 04:06:08 GMT

I was approved (Mastercard ) with 703 TU score for 1200 CL .

Re: Walmart Store Card Criteria

Anonymous — Sun, 22 Feb 2015 01:46:00 GMT

@MortgageMinded wrote:
Like the posters above, I have about the same credit score and was approved a few days ago. I did receive a mailer that said I was pre-qualified and not pre-approved. I was on the fence about this as well, as I didn't need another useless hard pull. I figured I would try again and was approved! The limit was $600 and hopefully it will go up over time.

MortgageMinded

I thought I'd let you know I got my credit line bumped to $1000 today calling cedit solutions.

Re: Walmart Store Card Criteria

Anonymous — Sun, 22 Feb 2015 18:27:55 GMT

@Anonymous wrote:
Here's the Rates / Fees page from Walmart:

https://chb.onlinecreditcenter6.com/consumereApply/Internet/walmart/en/js/TermsConditions.htm

The MasterCard version has a signup bonus, but apparently the regular store card doesn't from what I can tell. The MasterCard's signup bonus is a $25 statement credit for spending $75 or more the day you open the account, and an auto $5 statement credit for every $500 you spend (essentially 1% cashback).

Edited to add: I don't see introductory interest rates or any special deals like that for either card.

The store card had that bonus the day I applied. Didn't take advantage of it. Thus far I haven't been charged interest on the card, even when I haven't PIFed. I've paid in full all but one bill. I also got mine with about a 625 TU with a few baddies, and was my first card outside of Credit One (don't ask).