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Settle a debate - Walmart card

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2FixMyCredit
Established Contributor
‎08-09-2013 10:19 AM
‎08-09-2013 10:19 AM

Settle a debate - Walmart card

So since I've been approved for the Walmart and Sams cards my brother has been trying to convince me that they both are charge cards that MUST be paid in full every month.  I say credit card with a minimum payment payment. 

 

Settle the debate? I don't have my papers yet LOL

Total CL: $40k+
Discover, BOA, GE, Cap 1, Chase, Barclay!
Gardening Start: 04/22/2013

Message 1 of 11
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10 REPLIES 10
injustifiiable
Valued Contributor
‎08-09-2013 10:20 AM
‎08-09-2013 10:20 AM

Re: Settle a debate - Walmart card

They are both revolving accounts.

Scores 5/15/2016 (clean reports!): TU Walmart FICO: 696 | EQ FICO: 679 | EX AMEX FICO: 680

In my new wallet: American Express Green EMV: PSL $2000 | BankAmericard Cash Rewards Visa EMV: $2500 | Citi AAdvantage Platinum Select World MasterCard: $6400 | Barclaycard Arrival World MasterCard: $1000 | Discover IT: $2500 | Amazon Rewards Visa Signature: $1500 | Chase Freedom: $1500 | Capital One QuicksilverOne MasterCard: $2100 | Target: $2800 | J.Crew $21,550 | Marvel (Captain America) MasterCard: $6000
Message 2 of 11
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myjourney
Super Contributor
‎08-09-2013 10:21 AM
‎08-09-2013 10:21 AM

Re: Settle a debate - Walmart card

@injustifiiable wrote:

They are both revolving accounts.

+1

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 3 of 11
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2FixMyCredit
Established Contributor
‎08-09-2013 10:33 AM
‎08-09-2013 10:33 AM

Re: Settle a debate - Walmart card

Thank you both!  LOL This was turning into the funniest argument ever to be honest.  I knew I was right Smiley Wink hehe

Total CL: $40k+
Discover, BOA, GE, Cap 1, Chase, Barclay!
Gardening Start: 04/22/2013

Message 4 of 11
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axxy
Regular Contributor
‎08-09-2013 10:33 AM
‎08-09-2013 10:33 AM

Re: Settle a debate - Walmart card

That kind of debate is normal.  Misinformation is what brothers are for.

 

Message 5 of 11
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2FixMyCredit
Established Contributor
‎08-09-2013 10:36 AM
‎08-09-2013 10:36 AM

Re: Settle a debate - Walmart card

@axxy wrote:

That kind of debate is normal.  Misinformation is what brothers are for.

 

So true.  He personally has horrid credit but since he worked there for two years he thinks he knows the ins and outs of all things walmart which just isn't true.  LOL

Total CL: $40k+
Discover, BOA, GE, Cap 1, Chase, Barclay!
Gardening Start: 04/22/2013

Message 6 of 11
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Shogun
Moderator Emeritus
‎08-09-2013 10:42 AM
‎08-09-2013 10:42 AM

Re: Settle a debate - Walmart card

Late to the party, but, yes..  They are revolving accounts backed by GE.  Now go beat up  your brother...   LOL!!!!

Starting Score: 504
July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge
Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.
Message 7 of 11
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injustifiiable
Valued Contributor
‎08-09-2013 11:18 AM
‎08-09-2013 11:18 AM

Re: Settle a debate - Walmart card

Didn't they use to call all store cards...revolving or not...charge cards in like the '80s? lol

Scores 5/15/2016 (clean reports!): TU Walmart FICO: 696 | EQ FICO: 679 | EX AMEX FICO: 680

In my new wallet: American Express Green EMV: PSL $2000 | BankAmericard Cash Rewards Visa EMV: $2500 | Citi AAdvantage Platinum Select World MasterCard: $6400 | Barclaycard Arrival World MasterCard: $1000 | Discover IT: $2500 | Amazon Rewards Visa Signature: $1500 | Chase Freedom: $1500 | Capital One QuicksilverOne MasterCard: $2100 | Target: $2800 | J.Crew $21,550 | Marvel (Captain America) MasterCard: $6000
Message 8 of 11
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09Lexie
Moderator Emerita
‎08-09-2013 11:30 AM
‎08-09-2013 11:30 AM

Re: Settle a debate - Walmart card

I'm even later to the party ! If and when you are upgraded to their Discover they will still be revolving cards. :smileylol;

Closing Credit Cards

The Definitive Amex 3X CLI Guide

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Message 9 of 11
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2FixMyCredit
Established Contributor
‎08-09-2013 11:37 AM
‎08-09-2013 11:37 AM

Re: Settle a debate - Walmart card

LOL you folks are too funny Smiley Tongue He is a little upset now that I proved him wrong.  Funny thing is I just got a SW alert showing the new accounts and it says CHARGE hahah! I had to laugh at that Smiley Wink

 

Crazy thing, three new accounts and 4 new inquirys and my score went up again.

Total CL: $40k+
Discover, BOA, GE, Cap 1, Chase, Barclay!
Gardening Start: 04/22/2013

Message 10 of 11
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