topic Re: Walmart with Capital One pulls? in Credit Cards

Walmart with Capital One pulls?

Creditaddict — Tue, 24 Sep 2019 05:21:11 GMT

Is this a typical 3 pull Capital One card or because it's store they just pull 1 report?

Any data points yet on reports and scores?

Re: Walmart with Capital One pulls?

Anonymous — Tue, 24 Sep 2019 05:32:50 GMT

Triple pull

Re: Walmart with Capital One pulls?

Creditaddict — Tue, 24 Sep 2019 05:36:22 GMT

The worst... feels out of touch

Re: Walmart with Capital One pulls?

Raisondetre — Tue, 24 Sep 2019 06:03:14 GMT

Yup, definitely triple pull. Just applied for it and all my credit monitoring started sending me messages instantly for all 3 bureaus. Ugh... then I got the "we need more information message"

Re: Walmart with Capital One pulls?

Anonymous — Tue, 24 Sep 2019 08:56:13 GMT

Is that a 3x pull for the MC version only though? I would have expected the store card to be a single pull like the Kohl’s card, which CapOne also backs...

Re: Walmart with Capital One pulls?

Raisondetre — Tue, 24 Sep 2019 09:01:10 GMT

@Anonymous wrote:
Is that a 3x pull for the MC version only though? I would have expected the store card to be a single pull like the Kohl’s card, which CapOne also backs...

Good question. When you go to apply it says at the top "We will consider you for the Capital One® Walmart Rewards™ Mastercard®. If we are unable to approve you for this card, we will automatically consider you for the Walmart Rewards™ Card." - So turns out it's a 3 pull for either, since you can't just app for the store card online.

Re: Walmart with Capital One pulls?

Anonymous — Tue, 24 Sep 2019 09:29:19 GMT

That’s ridiculous honestly. Way back when the news broke of the CapOne takeover, I joked about triple pulls for $300 store CLs. It’s pathetic that this will likely be a reality.

Re: Walmart with Capital One pulls?

Anonymous — Tue, 24 Sep 2019 10:37:25 GMT

@Raisondetre wrote:
@Anonymous wrote:
Is that a 3x pull for the MC version only though? I would have expected the store card to be a single pull like the Kohl’s card, which CapOne also backs...
Good question. When you go to apply it says at the top "We will consider you for the Capital One® Walmart Rewards™ Mastercard®. If we are unable to approve you for this card, we will automatically consider you for the Walmart Rewards™ Card." - So turns out it's a 3 pull for either, since you can't just app for the store card online.

A quick look on Walmart’s website shows that you can, indeed, apply for the store card only version. Just keep scrolling down and you’ll see that option.

Now we will have to wait wait for someone to apply for the store card only to see DPs on pulls for that version...

Re: Walmart with Capital One pulls?

Jnbmom — Tue, 24 Sep 2019 10:43:03 GMT

@Anonymous wrote:
@Raisondetre wrote:
@Anonymous wrote:
Is that a 3x pull for the MC version only though? I would have expected the store card to be a single pull like the Kohl’s card, which CapOne also backs...
Good question. When you go to apply it says at the top "We will consider you for the Capital One® Walmart Rewards™ Mastercard®. If we are unable to approve you for this card, we will automatically consider you for the Walmart Rewards™ Card." - So turns out it's a 3 pull for either, since you can't just app for the store card online.
A quick look on Walmart’s website shows that you can, indeed, apply for the store card only version. Just keep scrolling down and you’ll see that option.

Now we will have to wait wait for someone to apply for the store card only to see DPs on pulls for that version...

I am gonna take a guess, they will still pull all 3, it's the cap one way of doing things

Re: Walmart with Capital One pulls?

Anonymous — Tue, 24 Sep 2019 10:43:57 GMT

Definitely triple pull

Re: Walmart with Capital One pulls?

Anonymous — Tue, 24 Sep 2019 10:56:58 GMT

Wonder if they’ll change the process for the Kohl’s card too then.

Re: Walmart with Capital One pulls?

AverageJoesCredit — Tue, 24 Sep 2019 11:58:26 GMT

3 pulls for a store card? Lolwut

Re: Walmart with Capital One pulls?

Anonymous — Tue, 24 Sep 2019 12:10:03 GMT

Yeah and for one that sees many start with $100-300 SLs too. Completely ridiculous.

Re: Walmart with Capital One pulls?

Brian_Earl_Spilner — Tue, 24 Sep 2019 12:32:11 GMT

The capital One MasterCard is listed on their website as needing excellent credit to get.

Re: Walmart with Capital One pulls?

Brian_Earl_Spilner — Tue, 24 Sep 2019 12:32:41 GMT

That would explain the triple pull

Re: Walmart with Capital One pulls?

spiritcraft1 — Tue, 24 Sep 2019 12:52:28 GMT

@Anonymous wrote:
Yeah and for one that sees many start with $100-300 SLs too. Completely ridiculous.

Smells like predatory lending.

Re: Walmart with Capital One pulls?

CreditCuriosity — Tue, 24 Sep 2019 13:13:35 GMT

Sounds like Cap1 didnt study walmarts target audience very well. Sure alot have excellent credit, but alot of them don't either. The triple pull is kinda laughable and excellent credit needed is as well. Me bets Walmart which they had Sync back if approvals for this card goes way down. Be interesting to watch this play out. I personally despire walmart and would never go in their stores, but alot of people love them.

Re: Walmart with Capital One pulls?

Anonymous — Tue, 24 Sep 2019 13:48:43 GMT

@CreditCuriosity wrote:
Sounds like Cap1 didnt study walmarts target audience very well. Sure alot have excellent credit, but alot of them don't either. The triple pull is kinda laughable and excellent credit needed is as well. Me bets Walmart which they had Sync back if approvals for this card goes way down. Be interesting to watch this play out. I personally despire walmart and would never go in their stores, but alot of people love them.

Walmart isn't going to care. Their issue with Sync was how many MasterCards were being issued. Capital One won't issue anywhere near as many MasterCards so Walmart will make more money on the store cards which is exactly what they wanted.

Capital One loves their verification so it's highly likely that a lot of 7-10 will be just that.

Re: Walmart with Capital One pulls?

CreditCuriosity — Tue, 24 Sep 2019 14:01:48 GMT

@Anonymous wrote:
@CreditCuriosity wrote:
Sounds like Cap1 didnt study walmarts target audience very well. Sure alot have excellent credit, but alot of them don't either. The triple pull is kinda laughable and excellent credit needed is as well. Me bets Walmart which they had Sync back if approvals for this card goes way down. Be interesting to watch this play out. I personally despire walmart and would never go in their stores, but alot of people love them.
Walmart isn't going to care. Their issue with Sync was how many MasterCards were being issued. Capital One won't issue anywhere near as many MasterCards so Walmart will make more money on the store cards which is exactly what they wanted.

Capital One loves their verification so it's highly likely that a lot of 7-10 will be just that.

I guess I can agree what cap1 agrees as excellent credit vs. say Citi/BofA/ETC are two VERY different things. Such as venture/QS/Savor all can be had at 650's if one doesnt have alot of new credit.

Still a triple pull for this card for this forum is crazy.. The general public might not care near as much

Re: Walmart with Capital One pulls?

Anonymous — Tue, 24 Sep 2019 14:06:31 GMT

@CreditCuriosity wrote:
@Anonymous wrote:
@CreditCuriosity wrote:
Sounds like Cap1 didnt study walmarts target audience very well. Sure alot have excellent credit, but alot of them don't either. The triple pull is kinda laughable and excellent credit needed is as well. Me bets Walmart which they had Sync back if approvals for this card goes way down. Be interesting to watch this play out. I personally despire walmart and would never go in their stores, but alot of people love them.
Walmart isn't going to care. Their issue with Sync was how many MasterCards were being issued. Capital One won't issue anywhere near as many MasterCards so Walmart will make more money on the store cards which is exactly what they wanted.

Capital One loves their verification so it's highly likely that a lot of 7-10 will be just that.
I guess I can agree what cap1 agrees as excellent credit vs. say Citi/BofA/ETC are to very different things. Such as venture/QS/Savor all can be had at 650's if one doesnt have alot of new credit.

I am interested to see how the criteria shakes out for the MC. They both have a minimum SL of $300 so you would think the criteria will be less strict than their One line which have $1K minimums (not including QS One).