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APPROVED for Walmart store card with 618 TU, recent-ish baddies!

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APPROVED for Walmart store card with 618 TU, recent-ish baddies!

Yeah, after my approval for the Overstock card a few weeks ago, I honestly thought I'd cool my heels and wait a few months before applying for anything else. But something told me that I had a shot at Walmart right now. And I really, really wanted Walmart. (I knew I had no shot at the Walmart MC, I was aiming for the store card.)

 

Congrats-Walmart-1-15-2019.jpgBehold! Behold my joy!

I like my Overstock card and there's plenty of good stuff I can find there, but I have to look for something to buy. With Walmart, I just get what I would be getting anyway. That's the big benefit. And I get cash back!

 

DATA POINTS:

  • FICO 8 TU: 618
  • Low income (under $20,000)
  • Recent 90-day late (TU says it's 5 months old)
  • 90% utilization on my existing debt. Not insignificant debt (but it was a LOT worse a few months ago). And I'm able to keep up with the monthly payments fine.
  • Recent settlement on one of my credit cards (not a charge-off, but it's on the report as "settled for less than full balance")
  • $200 credit limit

 

I applied for the Walmart card a few months ago (when my scores were in the mid-500s) and was very disappointed with rejection. I really, really wanted this card. This is the one I can use day-to-day, for both gas and groceries. So imagine my happiness today! Cat Happy

 

I wish the limit were higher, but hopefully, in time, I'll get some CLIs. I'm just so glad to be in! I hope that my story of triumph is encouraging to others in my same lowly credit position! What a difference a few months can make!

 

Now this time, I really hope I will garden at least until the Spring. My last two applications bore fruit so they weren't wasted inquiries, but I don't want to push my luck. If I feel the urge again, I'll probably try for the Amazon store card, but I think it would be prudent to wait a few months for that. I don't want to go app-crazy!

FICO8: Nov 20, 2018:
FICO8: Nov 4, 2019:
Goal for December 2019: FICO 640-700
Overstock Store Card, $2,250Walmart Store Card, $500 limitDiscover IT Cash Back, $2000Navy Fed cashRewards, $1000Shell Citi store card, $800Navy More Rewards, $17,000RIP Green Dot Platinum
Overstock $2,250, Walmart $500, Discover IT Cash Back $2000, Navy Fed cashRewards $1000, Shell (Citi) Fuel Rewards, $800, Navy More Rewards, $17,000, (Green Dot Platinum Secured, $200, to be cancelled.)

Starting Score: 539
Current Score: 665
Goal Score: 760


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Message 1 of 14
13 REPLIES 13
Valued Contributor

Re: APPROVED for Walmart store card with 618 TU, recent-ish baddies!

Congratulations on your approval. Your SL may just be a temp limit until you receive your card...at least that how it was for me. 

American Express Business Gold(NPSL 10k) Chase CSP (25k) Pier 1(23.5k) BofA CR Siggy (20.8k) BofA BBR (22.1k) Amex BCP(18k) Overstock (21.1K) Lowes (17K) NFCU CLOC (15K) NFCU VS Cash (15K) Care Credit (15k) J Crew( 11.9k)Venture WMC (10.25k) Amex Everyday (10k) Chase Slate (10k) Walmart MC(10k) BB Visa (10k) Discover(9.5k☝️) PayPal Cashback Mastercard (8k) Chase FU (7.4k) Citi AAdvantage Gold World Elite (9.5K) Citi Double Cash (8.5k) Fidelity® Rewards Visa Signature® Card (6.5K) PenFed PCR (5K) PayPal Credit (4550)Discover (4.5k✌️) Kohls (3k) Chase Freedom (1500)

Mortgage May 2017 - 2 auto loans (1 PenFed and 1 Navy) Aug 2018=98K
Gardening until Aug 2020

FICO 8 Scores EX 693(7) EQ 687(9)TU 708(10)
AAOA 4yrs TCL=332,600
Message 2 of 14
Frequent Contributor

Re: APPROVED for Walmart store card with 618 TU, recent-ish baddies!


@doinit1 wrote:

Congratulations on your approval. Your SL may just be a temp limit until you receive your card...at least that how it was for me. 


Thanks! I hope that will apply for me too! If not, I can live with the $200 limit for a while. I'll just have to do frequent payments on my balance throughout the month.

FICO8: Nov 20, 2018:
FICO8: Nov 4, 2019:
Goal for December 2019: FICO 640-700
Overstock Store Card, $2,250Walmart Store Card, $500 limitDiscover IT Cash Back, $2000Navy Fed cashRewards, $1000Shell Citi store card, $800Navy More Rewards, $17,000RIP Green Dot Platinum
Overstock $2,250, Walmart $500, Discover IT Cash Back $2000, Navy Fed cashRewards $1000, Shell (Citi) Fuel Rewards, $800, Navy More Rewards, $17,000, (Green Dot Platinum Secured, $200, to be cancelled.)

Starting Score: 539
Current Score: 665
Goal Score: 760


Take the myFICO Fitness Challenge   |   My credit recovery journal

Message 3 of 14
Community Leader
Super Contributor

Re: APPROVED for Walmart store card with 618 TU, recent-ish baddies!

CongratsSmiley Happy Thats actually impressive. I think i got rejected my first time and i know i was over 650 when i began my rebuild. I started out at a buck fiddySmiley Wink my Wally card now sits at 15kSmiley Wink. On a low income lol. I really should reduce this baby. Wish i could toss you someSmiley Wink. It will grow for sure . Use it and pay . Most likely you will get auto luv first so dont try to hard for cli right now. Try in 6 months to establish some history, score growth and potential for auto luvSmiley Happy
#ChaseCreditCardHobby Enthusiast
2022
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Message 4 of 14
Frequent Contributor

Re: APPROVED for Walmart store card with 618 TU, recent-ish baddies!

Congratulations mate on your approval, keep up the good work, it will grow like a weedSmiley LOLCongratulations_misti.gif

 


Message 5 of 14
Frequent Contributor

Re: APPROVED for Walmart store card with 618 TU, recent-ish baddies!


@AverageJoesCredit wrote:
CongratsSmiley Happy Thats actually impressive. I think i got rejected my first time and i know i was over 650 when i began my rebuild. I started out at a buck fiddySmiley Wink my Wally card now sits at 15kSmiley Wink. On a low income lol. I really should reduce this baby. Wish i could toss you someSmiley Wink. It will grow for sure . Use it and pay . Most likely you will get auto luv first so dont try to hard for cli right now. Try in 6 months to establish some history, score growth and potential for auto luvSmiley Happy

Thank you for all this advice. I'm planning on using it every time I go to Walmart, which is usually at least a time or two a week. I'll also try to get my gas at Walmart (I do when I think of it, but I'm going to make a point of it now!). 

 

I wasn't quite sure what to do in the future about CLIs. I've never asked for one, ever. I figured I'd wait at least 3 months, but with my credit history, 6 does sound sensible. My credit score should be going up and my debt should be going down (hopefully paid off completely sometime this year) so that's going to help. I will try to wait for an auto CLI. Hopefully, it'll happen as my score goes up!

FICO8: Nov 20, 2018:
FICO8: Nov 4, 2019:
Goal for December 2019: FICO 640-700
Overstock Store Card, $2,250Walmart Store Card, $500 limitDiscover IT Cash Back, $2000Navy Fed cashRewards, $1000Shell Citi store card, $800Navy More Rewards, $17,000RIP Green Dot Platinum
Overstock $2,250, Walmart $500, Discover IT Cash Back $2000, Navy Fed cashRewards $1000, Shell (Citi) Fuel Rewards, $800, Navy More Rewards, $17,000, (Green Dot Platinum Secured, $200, to be cancelled.)

Starting Score: 539
Current Score: 665
Goal Score: 760


Take the myFICO Fitness Challenge   |   My credit recovery journal

Message 6 of 14
Frequent Contributor

Re: APPROVED for Walmart store card with 618 TU, recent-ish baddies!


@chhull00 wrote:

Congratulations mate on your approval, keep up the good work, it will grow like a weedSmiley LOL

 


Thanks! That's what I'm hoping too!

FICO8: Nov 20, 2018:
FICO8: Nov 4, 2019:
Goal for December 2019: FICO 640-700
Overstock Store Card, $2,250Walmart Store Card, $500 limitDiscover IT Cash Back, $2000Navy Fed cashRewards, $1000Shell Citi store card, $800Navy More Rewards, $17,000RIP Green Dot Platinum
Overstock $2,250, Walmart $500, Discover IT Cash Back $2000, Navy Fed cashRewards $1000, Shell (Citi) Fuel Rewards, $800, Navy More Rewards, $17,000, (Green Dot Platinum Secured, $200, to be cancelled.)

Starting Score: 539
Current Score: 665
Goal Score: 760


Take the myFICO Fitness Challenge   |   My credit recovery journal

Message 7 of 14
Senior Contributor

Re: APPROVED for Walmart store card with 618 TU, recent-ish baddies!

Congrats on approval !!!!

 

 

8-2019 / Fico 8 EX 8013 , EQ 8016 , TR 810
Amex ED 22k , CSP 17k , Discover iT 12.5k , Fifth Third Bank S2C 12k , BofA Cash Rewards 10k , Avianca Vida 10k , State Farm Good Neighbor Visa 10k , Citi DD 6k , Union Bank Rewards 5k
Message 8 of 14
Senior Contributor

Re: APPROVED for Walmart store card with 618 TU, recent-ish baddies!

Congratulations on your approval!

Starting Scores FICO 8 (Feb '18):
EX- 519, TU- 530, EQ- 545

Current Scores



Message 9 of 14
Established Contributor

Re: APPROVED for Walmart store card with 618 TU, recent-ish baddies!

Congratulations on your approval!  

October 2019 Current Scores: Experian-670
TransUnion-680
Equifax-696
Goal for 2019: Scores of 675 all across the board.
Gardening until Spring 2020

Cap One (PCed to Quicksilver 7/20/18) $500
C1 Quicksilver One $1.6K
DiscoverIt Chrome $1.8K
Walmart Store Card $500
Ollo Rewards Card $800
Amazon Store Card $1K

Cards I Want: Paypal 2%, CareCredit, Capital One Savor

Total Utilization: 30%
No baddies
Inquiries to Date- 3


Message 10 of 14
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