topic Re: Walmart store credit card: research in Credit Cards

Walmart store credit card: research

Unoriginalnj — Wed, 22 Aug 2012 19:03:42 GMT

Can anyone with recent walmart store card approval post your fico scores as available, number of collections, number of charge offs, number of public records?

Really interested in applying but want to do some research beforehand.

Thanks!!!!

Re: Walmart store credit card: research

jrcred — Wed, 22 Aug 2012 19:26:16 GMT

I just applied today online and was improved instantly for the store card with a $700 limit.

My EQ FICO is 666. I'm not sure about my TU, the last time I got the score a few months ago it was 600, but it's hopefully a litle higher now.

I don't have any collections, public records or charge-offs but I have several student loans shredding my reports. I'm in the rehab program but they don't take off the lates and fix up the tradelines until you complete the program, so I have a ton of lates.

Re: Walmart store credit card: research

Anonymous — Wed, 22 Aug 2012 20:05:55 GMT

Apped 15 days ago+-

AAoA 1 year 3-5 months

Oldest acc around 4 yrs

no baddies

no loans

pulled TU around 760

Got Wallmart Discover 1.1k CL

Income was 20k

Util 9-11%

Re: Walmart store credit card: research

kobe2012 — Wed, 22 Aug 2012 21:14:28 GMT

My score was 607 or lower when i got approved last May...starting CL was $500 and it was auto increased to $900 in less than 3 months.... Next month is my 4th month and will see if i can get an increase again..... I had 5 collections, 4 chargeoffs at the time of approval.. Besides cap one, GE is the only one who would approve me

Re: Walmart store credit card: research

Anonymous — Wed, 22 Aug 2012 21:46:40 GMT

@kobe2012 wrote:
My score was 607 or lower when i got approved last May...starting CL was $500 and it was auto increased to $900 in less than 3 months.... Next month is my 4th month and will see if i can get an increase again..... I had 5 collections, 4 chargeoffs at the time of approval.. Besides cap one, GE is the only one who would approve me

Did you use you card at all? Or did they give you an increase with no activity?

Re: Walmart store credit card: research

Anonymous — Wed, 22 Aug 2012 21:48:11 GMT

I applied for the WalMart card on 8/18 with a TU MyFICO 577 and $21k in CO.

I was instantly approved for $500 limit. I also disputed some info on my Experian report yesterday and found out that WalMart is already reporting!

Re: Walmart store credit card: research

ntx — Wed, 22 Aug 2012 21:57:30 GMT

Applied 8/8/12 - approved for $400. Approved for Amazon store card same day, $600.

TU 662 as reported on Walmart acceptance letter.

BK in 2005, no baddies since then, but a relatively thin file until my app spree earlier this month.

Re: Walmart store credit card: research

Anonymous — Wed, 22 Aug 2012 22:16:47 GMT

TU 666

EQ 658

both 1 2yr payed utility derog.

TU 3inq >10 years open > 3 deferred Student loans till 2014 > 1 Sec 600 PIF WF (1yr on time)

EQ 1 unpaid 1yr derog. 2 10year old positive cu loan reports... 3inq > 3 years open > 3 deferred Student loans till 2014 > 1 Sec 600 PIF WF (1yr on time)

It was only approved for $150 but that is because of my debt to income with the student loans.

Re: Walmart store credit card: research

Shogun — Wed, 22 Aug 2012 22:32:41 GMT

Got one for wife today. EX 704 Tu658 Had a couple paid baddies, Income 122,000. Got approved for $500. Got Cap 1 a couple of weeks ag with 1K limit. First cards in YEARS.

Re: Walmart store credit card: research

jsucool76 — Wed, 22 Aug 2012 22:48:08 GMT

My TU when i activated the card (through the free TU08 ) was 655. I had 13 inqs on TU alone and was approved for $500. At the time my highest limit reported was 600, i dont know if it would have made a difference had my cap1 been reported at the time.

Re: Walmart store credit card: research

Anonymous — Wed, 22 Aug 2012 22:55:28 GMT

@jsucool76 wrote:
My TU when i activated the card (through the free TU08 ) was 655. I had 13 inqs on TU alone and was approved for $500. At the time my highest limit reported was 600, i dont know if it would have made a difference had my cap1 been reported at the time.

Really..... really? If I had a 3k card, and could app before and after and it made no difference... I'd have to give walmart a call.

Re: Walmart store credit card: research

jsucool76 — Wed, 22 Aug 2012 23:00:24 GMT

I cobsidered calling and asking them to up it since my cap1 reported now but im just too nervpus they'll be like "YOU SHALL NOT PASS" -confiscates cards-

Re: Walmart store credit card: research

Anonymous — Wed, 22 Aug 2012 23:01:14 GMT

@Anonymous wrote:
@jsucool76 wrote:
My TU when i activated the card (through the free TU08 ) was 655. I had 13 inqs on TU alone and was approved for $500. At the time my highest limit reported was 600, i dont know if it would have made a difference had my cap1 been reported at the time.
Really..... really? If I had a 3k card, and could app before and after and it made no difference... I'd have to give walmart a call.

WalMart just started reporting... SW change = NONE. My score, with 3 hard pulls and 2 new TL (Cap1 and WM) is still 577.

Re: Walmart store credit card: research

Unoriginalnj — Thu, 23 Aug 2012 10:37:07 GMT

Any information on how many hard pulls and what cra they're using? Great thread so far guys - definitely good information for not only myself but others.

Re: Walmart store credit card: research

jsucool76 — Thu, 23 Aug 2012 10:40:11 GMT

GECRB always pulls TU. I had 12 or 13 inqs on TU when they approved me. All less than a year old.

Re: Walmart store credit card: research

tbolt2 — Thu, 23 Aug 2012 11:59:33 GMT

I was approved for 500 in Dec 2010 with a judgement from 2006 and another Jan 2010. At the time I also had very few inquiroes and no collections. I was just starting my rebuild.

GECRB issued cards from Walmart, Amazon, JCPenney, etc seem to be easy to get.

Two things you need to pay close attention to with GECRB if you get any of their cards and your scores are low: new negatives on your CR and high utilization.

GECRB is very good about CLI's and your cards will grow quickly if no new negatives appear on your credit report and your utilization is low. About 6 months after getting several GECRB cards, three collections showed up on my report .......5 years after they should have appeared. They will drop off at the 7 year mark in Jan 2013. My utilization has also been very high. All the luv that GE shows every four months - either automatically or requested by me - gone. I've had no credit limit increases since those negatives, and it's been about a year.

However......

My utilization is down, my FICO score is up and yesterday, they approved me for Lowe's card with a 300.00 limit.

Re: Walmart store credit card: research

kobe2012 — Thu, 23 Aug 2012 13:17:30 GMT

@Anonymous wrote:
@kobe2012 wrote:
My score was 607 or lower when i got approved last May...starting CL was $500 and it was auto increased to $900 in less than 3 months.... Next month is my 4th month and will see if i can get an increase again..... I had 5 collections, 4 chargeoffs at the time of approval.. Besides cap one, GE is the only one who would approve me
Did you use you card at all? Or did they give you an increase with no activity?

I used about $250 for first two months and left a balance

Re: Walmart store credit card: research

Unoriginalnj — Thu, 23 Aug 2012 15:33:30 GMT

So far I'm liking my odds. Keep the information coming, hopefully it's helping others

Re: Walmart store credit card: research

Jlu — Thu, 23 Aug 2012 15:37:07 GMT

Approved for $500 this month w/ 635 EQ/650 TU with 18 inquiries, 2 CO's from 2007 and 1 60-day late from 2007.

Approved $600 for Amazon a few minutes later, same stats +1 inquiry.

Re: Walmart store credit card: research

Movin_on_up — Thu, 23 Aug 2012 17:57:29 GMT

This is all great info. Thanks everyone!