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Cap1 Walmart Approved!

ComeBackLady
Established Contributor

Cap1 Walmart Approved!

This is my first full fledged unsecured credit card 💳 in that it's a Visa, not just a store card only. Yes, the CL is only $300, but I'll take it. 

A few questions from those with more knowledge than I so far....

 

1. Because it's a Visa, are the Credit Bureaus counting it as a CC, please? I may wave goodbye to OpenSky just before the AF comes due. Because as I've gleaned from here, it stays on my CR for 10 years anyway. No need to keep it because it will never graduate. 

2. How to grow its CL. I've seen a few things go back and forth and am just not clear yet here. To get Cap1 to budge on the CL, wait 6 months, yes? I've had several, 9 I think total this <12 months, HP's. And the AAoA are all low except for an old, sadly closed by inactivity, NM Store card. My other significant DP's are I have 2 CA open. Working on them. Still there. They have about 13 more months before legally they must be removed in my State of Residence. 

So, wait 6 months... and use it massively up to about $250 and PIF monthly during that time, please? Or something else, please? 🙏🏻

Starting Score: June 2020: 502
Current Score: EX: May 15 - 687, EQ: APR 2021 – 668, MAY 2021 – 726, APR 26 - TU: 673
May 15 - TU: 697

Goal Score: Good: 670 by May ✅. By JUN 675✅,
Come on 680 across all 3 ✅, 690’s by JUN. Over 700 in 2021, ideally 725plus, 805 LT
Inquiries: 30/0, 60/1, 90/6, 12/13
TCL: JUN 2020 $700, MAY 2021 $13,051
AAoA 1 YR 6 Months AoYA 7 weeks
2021 Goal Cards: NAFs and $5K CL’s


Bank and Credit Union Memberships:

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Message 1 of 26
25 REPLIES 25
cashorcharge
Valued Contributor

Re: Cap1 Walmart Approved!

That's terrific!  Congratulations on your approval!! 🎉🥂

Message 2 of 26
Credit4Growth
Valued Contributor

Re: Cap1 Walmart Approved!

Congratulations on your unsecured approval! 

20200917_201506.gif

 

First off, do not drink while on the job...

 

Question #1. Yes, it will count. 

#2. Finances over Fico.  Utilize the card to best agree with your spending and income.  There Re many opinions on how to increase the limit.  I am sure other will follow and give you options!  👍

|| DTI 8% || Mortgage Scores: EQ724, Tu694, EX726 ||
Inquiries: EQ/TU/EX (0 / 2 / 1) - 0/6 - 0/12 - 3/24 ||


Next App on the list is ???
Last apps: (2) August 18, 2019
Garden goal - Unknown date, 2021
Going for Sapphire spade - May 18th 2021

Dirty/ Thick/ Aged/
Message 3 of 26
AllZero
Mega Contributor

Re: Cap1 Walmart Approved!

Congratulations on your approval!
Message 4 of 26
M_Smart007
Epic Contributor

Re: Cap1 Walmart Approved!

Congratulations!

Message 5 of 26
MrBEW
Contributor

Re: Cap1 Walmart Approved!

Congrats on the new card!

I was interested in the WalMart card as well...but I've distanced myself from CapOne cards due to their "All 3 Bureaus" pull. 

Starting 03/21: FICO 8: EQ 643 * TU 643 * EX 634..........FICO 9: EQ 619 * TU 614 * EX 646
Current Scores: FICO 8: EQ 657 * TU 652 * EX 657.........FICO 9: EQ 630 * TU 640 * EX 652
Current Goal: 800


Take the myFICO Fitness Challenge
Message 6 of 26
Itsmyparty
New Contributor

Re: Cap1 Walmart Approved!

Congratulations!!!!!!

 

I too was approved today for this same card at $1,000 SL... glad to be getting 5% cash back for grocery shopping.  My other visa only gives 1% on groceries.

 

Enjoy!

Chapter 7 - Burned cap1, synchrony, Citi, Amex, century federal credit union, first premier, Merrick, Comenity, and Discover. Discharged 1/29/2020

EQ 676
TU 655
EX 664
Starting over with Credit One $600 SL (CLOSED by me because of AF), Navy Federal cashRewards Visa $2000 limit Graduated Aug 2020 @ 6 month statement, NFCU $12,500 limit World Mastercard, Capital One Quicksilver no AF $1,000, US Bank $10,600 Limit as an authorized user, Capital One Walmart rewards card $1,000 SL. Student Loans have completely clean history.
Message 7 of 26
Credit4Growth
Valued Contributor

Re: Cap1 Walmart Approved!

@Itsmyparty 

Congrats on your approval as well and welcome into the 5% Cash back on groceries club 😀 

|| DTI 8% || Mortgage Scores: EQ724, Tu694, EX726 ||
Inquiries: EQ/TU/EX (0 / 2 / 1) - 0/6 - 0/12 - 3/24 ||


Next App on the list is ???
Last apps: (2) August 18, 2019
Garden goal - Unknown date, 2021
Going for Sapphire spade - May 18th 2021

Dirty/ Thick/ Aged/
Message 8 of 26
gdale6
Moderator

Re: Cap1 Walmart Approved!

Grats on getting in the Walmart door Smiley Happy

Message 9 of 26
kittycreditmeow
Frequent Contributor

Re: Cap1 Walmart Approved!

Congrats on the approval! 😊

Credit Cards, Loans & Store Cards

Bank and Credit Union Memberships


Available Credit - $10,600
Util: 16%. Inquiries: TU: 43 EX: 31 EQ: 22
Gardening Until: March 28, 2023
AaOA: 1 Year & 6 Months

Fico 8 Scores Current as of March 2021

Fico 8 Scores Post BK

Bankruptcy Discharged: November 1, 2019
Message 10 of 26
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