topic Re: Walmart: Pre-Approved... Should I do it? in Credit Cards

Walmart: Pre-Approved... Should I do it?

Anonymous — Thu, 19 Jun 2014 07:25:42 GMT

Ok so I wanted to buy something on walmart.com and I noticed that I was pre-approved for the walmart card. I am not sure if I should apply though. I just got the cards I wanted (Freedom and Amex Cards).

But here is the kicker. I have Barclay's Rewards card which is supposed to give me the Free FICO TU08 score. But it doesn't update regularly. From what I heard, Walmart does it each and every month - like clockwork.

Is getting another card just for the regular updates on the FICO TU08 worth it? Here is the screenshot.

Thanks for your input.

Re: Walmart: Pre-Approved... Should I do it?

Anonymous — Thu, 19 Jun 2014 07:33:14 GMT

@Anonymous wrote:
Ok so I wanted to buy something on walmart.com and I noticed that I was pre-approved for the walmart card. I am not sure if I should apply though. I just got the cards I wanted (Freedom and Amex Cards).

But here is the kicker. I have Barclay's Rewards card which is supposed to give me the Free FICO TU08 score. But it doesn't update regularly. From what I heard, Walmart does it each and every month - like clockwork.

Is getting another card just for the regular updates on the FICO TU08 worth it? Here is the screenshot.

Thanks for your input.

I wouldn't just for the TU. Don't get me wrong, I started off with the store, then got the upgrade to Discover but it's a card I have to remember to use.

Re: Walmart: Pre-Approved... Should I do it?

Anonymous — Thu, 19 Jun 2014 07:37:04 GMT

@Anonymous wrote:
I wouldn't just for the TU. Don't get me wrong, I started off with the store, then got the upgrade to Discover but it's a card I have to remember to use.

Hi Lexie..

I really don't need the card, honestly. I just like the benefit of getting a regular update on my TU08. And for once in say 4 months that I would shop at Walmart, maybe I don't really need it. But then, there is that gas discount too. LOL. WoW.. decisions, decisions.

Re: Walmart: Pre-Approved... Should I do it?

Anonymous — Thu, 19 Jun 2014 08:00:40 GMT

@Anonymous wrote:
@Anonymous wrote:
I wouldn't just for the TU. Don't get me wrong, I started off with the store, then got the upgrade to Discover but it's a card I have to remember to use.
Hi Lexie..

I really don't need the card, honestly. I just like the benefit of getting a regular update on my TU08. And for once in say 4 months that I would shop at Walmart, maybe I don't really need it. But then, there is that gas discount too. LOL. WoW.. decisions, decisions.

Totally understand. I don't have WalMart Gas Stations in my state, only Sams Club.

Re: Walmart: Pre-Approved... Should I do it?

MACFRME — Thu, 19 Jun 2014 08:01:26 GMT

@Anonymous wrote:
@Anonymous wrote:
Ok so I wanted to buy something on walmart.com and I noticed that I was pre-approved for the walmart card. I am not sure if I should apply though. I just got the cards I wanted (Freedom and Amex Cards).

But here is the kicker. I have Barclay's Rewards card which is supposed to give me the Free FICO TU08 score. But it doesn't update regularly. From what I heard, Walmart does it each and every month - like clockwork.

Is getting another card just for the regular updates on the FICO TU08 worth it? Here is the screenshot.

Thanks for your input.
I wouldn't just for the TU. Don't get me wrong, I started off with the store, then got the upgrade to Discover but it's a card I have to remember to use.

+1! I just closed mine when I found out the rewards would not be the same as the Sam's Mastercard. That rendered this card practically useless to me, except for the free FICO.

Re: Walmart: Pre-Approved... Should I do it?

Anonymous — Thu, 19 Jun 2014 08:06:11 GMT

To heck with it, I am staying in the garden. God knows i need to. LOL.

Re: Walmart: Pre-Approved... Should I do it?

SunriseEarth — Thu, 19 Jun 2014 08:10:28 GMT

You really should only get it if you have a good use for it. I do enjoy the monthly FICO and the "cash over" feature. I haven't used the special financing option yet, but that also makes it a good card to have. However, if those things don't appeal to you, then save the HP.

Re: Walmart: Pre-Approved... Should I do it?

Anonymous — Thu, 19 Jun 2014 08:15:08 GMT

@SunriseEarth wrote:
You really should only get it if you have a good use for it. I do enjoy the monthly FICO and the "cash over" feature. I haven't used the special financing option yet, but that also makes it a good card to have. However, if those things don't appeal to you, then save the HP.

I could always use a card which gives me a free FICO score, plus 15 cents per gallon discount in gas. But honestly, with about 10-12 gallons every two weeks (I would save $1.50-$1.75), really not much of an incentive.

With that said, I was really "itchy". I feel better now. Not doing it, at least not for a while.

Re: Walmart: Pre-Approved... Should I do it?

CreditUnionFan — Thu, 19 Jun 2014 10:01:57 GMT

@Anonymous wrote:
Ok so I wanted to buy something on walmart.com and I noticed that I was pre-approved for the walmart card. I am not sure if I should apply though. I just got the cards I wanted (Freedom and Amex Cards).

But here is the kicker. I have Barclay's Rewards card which is supposed to give me the Free FICO TU08 score. But it doesn't update regularly. From what I heard, Walmart does it each and every month - like clockwork.

Is getting another card just for the regular updates on the FICO TU08 worth it? Here is the screenshot.

Thanks for your input.

I'm disappointed with the rewards on the card, but the FICO score does appear like clockwork. The cash-over feature with the purchase is neat.

There's no annual fee, so while I have to remember to use it periodically, I doesn't really "hurt" to have it in my wallet. The gas discount isn't as good as the rebates I earn on other cards, so for me the real reasons are that there is the promotional financing of the larger purposes, and it demonstrates to other lenders that having a $10k credit line isn't going to burn a hole in my pocket.

Re: Walmart: Pre-Approved... Should I do it?

coldnmn — Thu, 19 Jun 2014 11:12:07 GMT

The Mastercard will be 1% from dollar one unlike the Discover. My philosophy is only apply for cards I need for rewards etc not because I want them. You get to many cards you want may hurt the chances for the cards you need.

Re: Walmart: Pre-Approved... Should I do it?

Anonymous — Thu, 19 Jun 2014 12:12:18 GMT

If you really want the monthly TU FICO, maybe consider Discover IT?

Re: Walmart: Pre-Approved... Should I do it?

Genkeim — Thu, 19 Jun 2014 12:24:08 GMT

@coldnmn wrote:
The Mastercard will be 1% from dollar one unlike the Discover. My philosophy is only apply for cards I need for rewards etc not because I want them. You get to many cards you want may hurt the chances for the cards you need.

Has this been officially confirmed or is just the rumor that was going around a month or so ago that's been repeated long enough that people think it's fact?

Re: Walmart: Pre-Approved... Should I do it?

Jerry45 — Thu, 19 Jun 2014 12:26:14 GMT

Besides the Free FICO scores, I think the best advantage of a Walmart Card is to build higher CL's for rebuilders like myself. You have a excellent portfolio of Tier one cards, so unless you shop there weekly, no use for it. Just my 2 cents.

Re: Walmart: Pre-Approved... Should I do it?

LearningMoreAboutCredit — Thu, 19 Jun 2014 12:45:54 GMT

@Genkeim wrote:
@coldnmn wrote:
The Mastercard will be 1% from dollar one unlike the Discover. My philosophy is only apply for cards I need for rewards etc not because I want them. You get to many cards you want may hurt the chances for the cards you need.
Has this been officially confirmed or is just the rumor that was going around a month or so ago that's been repeated long enough that people think it's fact?

Unfortunately it is a fact.

Re: Walmart: Pre-Approved... Should I do it?

Anonymous — Thu, 19 Jun 2014 15:44:14 GMT

@Anonymous wrote:
If you really want the monthly TU FICO, maybe consider Discover IT?

I tried Discover IT, and they aren't letting me in, yet. Still one baddie remains on my report.from 2 years ago.

Re: Walmart: Pre-Approved... Should I do it?

TheConductor — Thu, 19 Jun 2014 15:52:32 GMT

Gas is definitely the premier benefit on the WalMart cards (other than the free FICO). If you have WalMart (aka Murphy's) stations in your area, they will often already have the lowest gas prices around, so saving an extra 15 cents is like getting your gas that much cheaper than anyone else in town.

If you don't have the gas stations nearby and you have access to the FICO via other means, there's not much need for the card.

Re: Walmart: Pre-Approved... Should I do it?

Anonymous — Thu, 19 Jun 2014 16:14:22 GMT

@TheConductor wrote:
Gas is definitely the premier benefit on the WalMart cards (other than the free FICO). If you have WalMart (aka Murphy's) stations in your area, they will often already have the lowest gas prices around, so saving an extra 15 cents is like getting your gas that much cheaper than anyone else in town.

If you don't have the gas stations nearby and you have access to the FICO via other means, there's not much need for the card.

The sad part is that I do have a walmart gas station in my area - in fact many of them. And the Barclaycard gives me the TU08, but it doesn't update regularly. Although I would like to have this card for the two benefits, I don't really need another HP on my report. Especially after adding 3 new cards post Barclay's approval. Oh well, maybe in a few months and I'll get the Discover IT card. Who knows...

Re: Walmart: Pre-Approved... Should I do it?

chan85 — Thu, 19 Jun 2014 19:19:47 GMT

@LearningMoreAboutCredit wrote:
@Genkeim wrote:
@coldnmn wrote:
The Mastercard will be 1% from dollar one unlike the Discover. My philosophy is only apply for cards I need for rewards etc not because I want them. You get to many cards you want may hurt the chances for the cards you need.
Has this been officially confirmed or is just the rumor that was going around a month or so ago that's been repeated long enough that people think it's fact?
Unfortunately it is a fact.

That is good to know! 1% is better than 0%, but obviously there are cards with better reward structures I have that I could use....