Personally, I wouldn't get it. Purchases on Walmart's website will only get you 3%, in-store purchases are only 1% CB. Based on that alone, I wouldn't get it. I would recommend instead going for the Paypal 2% CB MC, as that's 2% everywhere, regardless of store. Since it's Synchrony as well, it'll pull from TU as well.
Also, I see that you have 3 other store cards, if you are using all of them, that's fine. If not, I would trim down if you aren't. I know a lot users have used the SCT trick to add more cards but I'm a firm believer in getting what you can use and benefits you.
Also, I see that you have 3 other store cards, if you are using all of them, that's fine. If not, I would trim down if you aren't. I know a lot users have used the SCT trick to add more cards but I'm a firm believer in getting what you can use and benefits you.
@xaximus wrote:
Personally, I wouldn't get it. Purchases on Walmart's website will only get you 3%, in-store purchases are only 1% CB. Based on that alone, I wouldn't get it. I would recommend instead going for the Paypal 2% CB MC, as that's 2% everywhere, regardless of store. Since it's Synchrony as well, it'll pull from TU as well.
Also, I see that you have 3 other store cards, if you are using all of them, that's fine. If not, I would trim down if you aren't. I know a lot users have used the SCT trick to add more cards but I'm a firm believer in getting what you can use and benefits you.
I actually do shop at Walmart, though -- from a rewards perspective, it's not a great card, sure. But like I do with Target, having a Wal-Mart card allows me to divide up my spending by the places I actually spend my money -- I'm loyal that way. I like saying "bought stuff at Wal-Mart, have to pay the Wal-Mart card." Makes it really easy to track spending and pay my bills: Plan my purchases, go into my Quicken, buy my stuff, pay the bill before the card reports. 
I'll keep Target, for sure (I shop there; prices are competitive with Wal-Mart on everyday goods; plus, it's local and I get great coupons and discounts through the Redcard -- highly recommend). Overstock and Wayfair, I shop at for things occasionally, but I mostly keep to allow them to grow their CLI. I'll keep Wayfair, though; I like their stuff and they recently increased my CL, so I can buy things I need there and not pay shipping. If I had to drop a card, though? It would be Overstock, because the SL is low and I won't hassle myself with it if I can't purchase things there without paying the shipping. If it doesn't increase soon, it's probably not worth keeping. But it's newer -- is it going to hurt me dropping it so fast after accepting it?
Question on your idea on the PayPal, though: Do you think the Walmart pre-qual is a harbinger that I might be considered for the PayPal from Synchrony? I thought the PayPal CB MC was harder to get. It might be a little too ambitious for me at this point, maybe?
Thanks!
Of course YMMV, but I got approved for the Paypal 2% card last year with a TU score of 639 I believe. I still had 3 unpaid chargeoffs reporting on TU. It was actually my fifth Synchrony approval last year (2 in May, 2 in August and the Paypal in September). Your scores in your signature are significantly higher than mine was. My SL was the same as it is now, I haven't requested cli's as my scores haven't really increased significantly since approval. Best of luck on whichever card you decide on.
@Anonymous wrote:
@xaximus wrote:
Personally, I wouldn't get it. Purchases on Walmart's website will only get you 3%, in-store purchases are only 1% CB. Based on that alone, I wouldn't get it. I would recommend instead going for the Paypal 2% CB MC, as that's 2% everywhere, regardless of store. Since it's Synchrony as well, it'll pull from TU as well.
Also, I see that you have 3 other store cards, if you are using all of them, that's fine. If not, I would trim down if you aren't. I know a lot users have used the SCT trick to add more cards but I'm a firm believer in getting what you can use and benefits you.I actually do shop at Walmart, though -- from a rewards perspective, it's not a great card, sure. But like I do with Target, having a Wal-Mart card allows me to divide up my spending by the places I actually spend my money -- I'm loyal that way. I like saying "bought stuff at Wal-Mart, have to pay the Wal-Mart card." Makes it really easy to track spending and pay my bills: Plan my purchases, go into my Quicken, buy my stuff, pay the bill before the card reports.
I'll keep Target, for sure (I shop there; prices are competitive with Wal-Mart on everyday goods; plus, it's local and I get great coupons and discounts through the Redcard -- highly recommend). Overstock and Wayfair, I shop at for things occasionally, but I mostly keep to allow them to grow their CLI. I'll keep Wayfair, though; I like their stuff and they recently increased my CL, so I can buy things I need there and not pay shipping. If I had to drop a card, though? It would be Overstock, because the SL is low and I won't hassle myself with it if I can't purchase things there without paying the shipping. If it doesn't increase soon, it's probably not worth keeping. But it's newer -- is it going to hurt me dropping it so fast after accepting it?
Question on your idea on the PayPal, though: Do you think the Walmart pre-qual is a harbinger that I might be considered for the PayPal from Synchrony? I thought the PayPal CB MC was harder to get. It might be a little too ambitious for me at this point, maybe?
Thanks!
I definitely understand the loyalty portion. But, unless you're purchasing on Walmart.com where you get the 3% CB benefit, purchasing locally in-store isn't worth the rewards. Target with 5% is definitely worth it, the Wayfair since it's useful to you, I would keep, the Overstock, I would SD if you don't use it, possibly give it a few months and cancel if it's of no use. I still stand by my post earlier with the Paypal 2% CB MC, it can be used anywhere, it's a standard 2% CB on everything. Unless it's something like Target where the store card is better, I would still recommend the Paypal card. As far as UW goes, as DP's show, people with lower scores then yours were approved so IMHO, I think you'll get approved for it but as always YEMV. Either way, if I were to apply, I would go for the Paypal vs. the Walmart card.