topic Re: WalMart Card in Credit Cards

WalMart Card

corymcd88 — Mon, 22 Oct 2012 18:30:20 GMT

A friend of mine has a 649 TU score w. Some good TL, 69% LULL on all cards. He has one CO that will come off 11/12 and one Collection 11/12 that will come off and should increase his score, then he will be left with One collection will come off 09/15 and one in 08/13. After the two accounts come off what are the chances for Walmart card or Discover?

Re: WalMart Card

armbenderc — Mon, 22 Oct 2012 18:34:34 GMT

@corymcd88 wrote:
A friend of mine has a 649 TU score w. Some good TL, 69% LULL on all cards. He has one CO that will come off 11/12 and one Collection 11/12 that will come off and should increase his score, then he will be left with One collection will come off 09/15 and one in 08/13. After the two accounts come off what are the chances for Walmart card or Discover?

From what I read on here, your friend should apply for wal-mart card now at the STORE and not online. It seems the chances are better at the strore.

The card will definately grow with your friend's credit score even if you get approve for $200-300. Plus, a free TU fico score monthly.

Re: WalMart Card

pinoyscorpion951 — Mon, 22 Oct 2012 18:41:37 GMT

Once those baddies come off, I would say the chances are pretty good. I have been recommending that people apply in store but YMMV. I applied for the Walmart Card in July of this year online and was denied. Applied 90 days later during a special promotion and applied IN THE STORE (zero percent financing on electronics over $429 dollars). Made up a bogus story about wanting to buy a tv and take advantage of the promo. I also applied in the electronics section as opposed to checkout thinking I might get a higher initial credit limit. IT WORKED! Approved for $2100 dollars. I immediately called the backdoor underwriters number and got it increased to $3700. I highly encourage people to apply IN THE STORE. The approval odds and credit limits are much better. I'm 13 months post BK7 with a 659 TU (Walmart FICO). Still have a few baddies from 4 years ago. Annual income 80,000. 20 inquiries on TU when I applied!!!!!! Numerous new accounts and still got approved. YMMV but my gut instinct is that an approval is forthcoming.

Re: WalMart Card

Anonymous — Mon, 22 Oct 2012 18:45:59 GMT

I have a 700 (which isnt good) but my walmart card is at 22.9%.

I have never had any bankruptcy's, high debt or anything. So be careful with them. I do know that the lowest is 300 dollars to start out with. good luck!

Re: WalMart Card

Anonymous — Mon, 22 Oct 2012 19:33:12 GMT

@Anonymous wrote:
I have a 700 (which isnt good) but my walmart card is at 22.9%.
I have never had any bankruptcy's, high debt or anything. So be careful with them. I do know that the lowest is 300 dollars to start out with. good luck!

People on here have reported $150 and $200 Cl....so 300 isn't the LOWEST they'll start you out with; but at least they do supposedly grow very easily and gernerosly over the months/years.

Re: WalMart Card

corymcd88 — Mon, 22 Oct 2012 21:52:45 GMT

@Anonymous wrote:
@Anonymous wrote:
I have a 700 (which isnt good) but my walmart card is at 22.9%.
I have never had any bankruptcy's, high debt or anything. So be careful with them. I do know that the lowest is 300 dollars to start out with. good luck!
People on here have reported $150 and $200 Cl....so 300 isn't the LOWEST they'll start you out with; but at least they do supposedly grow very easily and gernerosly over the months/years.

You think that his chance is good?

Re: WalMart Card

luckelle — Mon, 22 Oct 2012 22:07:45 GMT

heck yea? I got one with 150 to start then same day amazon with 600. with my rebuild status and scores, yes he will be approved. let me say this I havnt had any lates for the last 2 years. If he has no resent late I would have him apply yesterday.

Re: WalMart Card

LS2982 — Mon, 22 Oct 2012 22:08:59 GMT

@corymcd88 wrote:
A friend of mine has a 649 TU score w. Some good TL, 69% LULL on all cards. He has one CO that will come off 11/12 and one Collection 11/12 that will come off and should increase his score, then he will be left with One collection will come off 09/15 and one in 08/13. After the two accounts come off what are the chances for Walmart card or Discover?

I would recommend waiting until the 2 collections are off his reports then applying in store.

Re: WalMart Card

Anonymous — Mon, 22 Oct 2012 22:15:56 GMT

I was denied with a 686 tu score sold here with only 6 mos history and 4 positive trade lines reporting. Only had one small baddie that falls off early 2013. My denial letter stated collection account. I applied online. However with the holidays inching towards us I'm sure the approval criteria will go up applying in store.

Re: WalMart Card

corymcd88 — Mon, 22 Oct 2012 22:28:00 GMT

Thanks everyone that what i was thinking but wanted to ask other people. I think it comes from reading the fourms!! I have learned a lot!!

Re: WalMart Card

gijoe4500 — Mon, 22 Oct 2012 23:26:41 GMT

Just remember, walmart isn't good to everyone. I've had mine card for 4 years, and JUST got a CLI to $900. Perfect payment history, no other recent lates, baddies. My TU score has gone up from 550s to 670s, and they still won't give me a decent credit line increase. So always remember, YMMV, because in some cases (like mine) you may miss the wagon.

Re: WalMart Card

Tommy5746 — Mon, 22 Oct 2012 23:33:14 GMT

@gijoe4500 wrote:
Just remember, walmart isn't good to everyone. I've had mine card for 4 years, and JUST got a CLI to $900. Perfect payment history, no other recent lates, baddies. My TU score has gone up from 550s to 670s, and they still won't give me a decent credit line increase. So always remember, YMMV, because in some cases (like mine) you may miss the wagon.

True.. YMMV.. but for the majority i would say they do grow with you.. That really stinks that you have only received one CLI in 4 years!! Especially since its a wally card! Did you try for a CLI in the past? or did you just rely on auto CLI's?

Re: WalMart Card

gijoe4500 — Mon, 22 Oct 2012 23:40:17 GMT

I have had 2 CLI's. From $450 to $700 to $900. And I have tried everything from automated CLI on the website, to on the phone, to actually calling underwriting. And all underwriting would tell me is "denied! you'll get a letter in 7-10 days regarding this decision."

Re: WalMart Card

Epcot — Mon, 22 Oct 2012 23:42:47 GMT

I have been thinking about getting this card for a while. I may go apply in store sometime in the next two months while all the holiday shopping is going on.
Early next year I want to apply for the chase disney card as well. I am just working on bringing my util down.