topic Re: Walmart Card or nah???? in Credit Cards

Walmart Card or nah???? UPDATE

dk2003 — Tue, 07 Apr 2015 03:04:31 GMT

So I received in the mail today an offer for a WM card (not with a visa or mastercard logo) and I'm wondering if its worth it to apply. I don't doubt that I'll get it, however, I don't want to deal with a low limit. Also, can it be PC'd for one with a logo? After this I'll garden for a while

UPDATE

So I decided to apply and It was approved for 800. I had also applied for JCP (btw... there is a post about this on approvals) and I got it for 1.5k. I called to request an increase and got 5k on BOTH cards... I understand that later I can "upgrade" WM to a mastercard...

Re: Walmart Card or nah????

travisr0 — Wed, 01 Apr 2015 17:58:20 GMT

nah, much better cards out there, unless it offers you something specific you like and will utilize.

Re: Walmart Card or nah????

Anonymous — Wed, 01 Apr 2015 17:58:49 GMT

Nah, shred it.

Re: Walmart Card or nah????

dk2003 — Wed, 01 Apr 2015 19:25:25 GMT

@travisr0 wrote:
nah, much better cards out there, unless it offers you something specific you like and will utilize.

shredding now... I just needed encouragement to do it I really want an AMEX but I've got a collection from several years back... I've written a letter to try to settle, then I'll app

Re: Walmart Card or nah????

dk2003 — Wed, 01 Apr 2015 19:25:47 GMT

shredding

Re: Walmart Card or nah????

Ragelog — Wed, 01 Apr 2015 20:10:54 GMT

Why ask us? Do you shop at Wal-Mart? Do you need to use their 0% special financing the card offers sometimes? Do you need the TU Fico 08 score they provide monthly?

If you answered yes to 1 or several of these options then maybe it is the card for you. Is it a great card no but it was one of my earlier cards during my early rebuilding the Fico score was nice and the ability to finance something for 6,12,18 or even 24 months sounded like it could be of value although I haven't had to use it yet.

Also I feel like they allow a cash advance that has a grace period like a normal charge at the register.

I could be wrong but a feature that could be useful if you need a small amount of cash.

Re: Walmart Card or nah????

TrulyyBlessed — Thu, 02 Apr 2015 04:35:46 GMT

@dk2003 wrote:
So I received in the mail today an offer for a WM card (not with a visa or mastercard logo) and I'm wondering if its worth it to apply. I don't doubt that I'll get it, however, I don't want to deal with a low limit. Also, can it be PC'd for one with a logo? After this I'll garden for a while

I have one and I would say nah...It was the first card I got approved for when I started rebuilding. If you are able to get better cards than save the hard pull, unless there is something specific about the Wally card that is of use to you.

Re: Walmart Card or nah????

Anonymous — Thu, 02 Apr 2015 04:37:31 GMT

The biggest issue with the Wal Mart card is you have to shop at Wal Mart to use it.

Re: Walmart Card or nah????

Anonymous — Thu, 02 Apr 2015 04:39:34 GMT

Did they at least offer you a free soda when you apply for their card? If not, forget it and don't even bother.

Re: Walmart Card or nah????

Anonymous — Thu, 02 Apr 2015 06:38:52 GMT

I wish I could get a Walmart card. I shop there religiously and was denied

I'll try again when my scores get better and these last 2 baddies fall off.

Re: Walmart Card or nah????

ways2go — Thu, 02 Apr 2015 08:34:04 GMT

If you shop at Walmart regularly, it is a useful card. Use the card regularly , PIF monthly it can graduate to the MC. It was one of my first cards in rebuilding. I was approved initially with a 1200 cl. it graduated to the discover within 6 months. It also got cli's regularly. It now sits with a 6400 cl. I wouldn't discount it.

Re: Walmart Card or nah????

Shogun — Thu, 02 Apr 2015 13:41:53 GMT

@Anonymous wrote:
Did they at least offer you a free soda when you apply for their card? If not, forget it and don't even bother.

lol... I remember that thread. Free soda with app.

Re: Walmart Card or nah????

pipeguy — Thu, 02 Apr 2015 13:44:17 GMT

I like mine, shop there "some" but use it for free financing and FICO scores mainly.

Re: Walmart Card or nah????

Anonymous — Thu, 02 Apr 2015 13:46:18 GMT

@ways2go wrote:
If you shop at Walmart regularly, it is a useful card. Use the card regularly , PIF monthly it can graduate to the MC. It was one of my first cards in rebuilding. I was approved initially with a 1200 cl. it graduated to the discover within 6 months. It also got cli's regularly. It now sits with a 6400 cl. I wouldn't discount it.

Here here! That is actually EXCELLENT advice.... but not too late for the OP because everyone cyber bullied him into shredding it.

PS. Walmart store card reports with a FICO Score? Goodness..

Re: Walmart Card or nah????

dk2003 — Mon, 06 Apr 2015 18:19:31 GMT

@ways2go wrote:
If you shop at Walmart regularly, it is a useful card. Use the card regularly , PIF monthly it can graduate to the MC. It was one of my first cards in rebuilding. I was approved initially with a 1200 cl. it graduated to the discover within 6 months. It also got cli's regularly. It now sits with a 6400 cl. I wouldn't discount it.

So then it is possible to PC to MC huh? I wouldn't mind doing that!!!

Re: Walmart Card or nah????

TheGardner — Mon, 06 Apr 2015 18:32:33 GMT

Depending on what you need and where you shop. Handy for Christmas shopping with 0% offers and if you live near a Murphys gas station they give discounts on fuel when you use it (5-10c if I remember correctly). Depending on other cards you have it could benefit you. CL grows nicely with SPs. And TU Fico is nice updated monthly (better than Barclaycard).

I have one I use on occasion to keep active primarily for the fico.

Re: Walmart Card or nah????

TheGardner — Mon, 06 Apr 2015 18:34:03 GMT

Will upgrade eventually to MC BUT it will report as a new account so not a typical PC only thing you save is the HP.

Re: Walmart Card or nah????

taxi818 — Mon, 06 Apr 2015 20:15:02 GMT

Well. im not gonna bash em. as i have a wally and i luved it at first. but i found out they are stingy to some. and im one of them. last cli 150 dollars. what the hell. had it a year and can't get increase for anything. i don't need it. but it was great for the fico. since i have a little time under it. im keeping it. but i will dust if off every 6 months.go buy a pack of gum. get 60 cash out and then pay it off the next day. just want to see how high can it go. then cancel time. currently at a whopping 1450 cl.

Re: Walmart Card or nah????

TheGardner — Mon, 06 Apr 2015 20:22:07 GMT

Try credit solutions or chat? Love button always sucks for me too. But chat has worked out well.

Re: Walmart Card or nah????

Sharingan — Mon, 06 Apr 2015 21:17:56 GMT

I don't list my few store cards in my signature, but I do enjoy having the Walmart MasterCard. It's one of the few useful retail cards along with Sam's Club. I got approved for the Walmart Discover for $700 a few years back, and it grew to $7500 a year later. I'm sure I could have it at like 20k by now if I felt like calling Synchrony. The FICO score and the deferred interest are the biggest perks of the card. If your offer is just for the store card, I'd pass though. It's not as much fun as the MasterCard. I hate in-store only cards.