Walmart Credit Card

TheFate · ‎06-29-2014

Does everyone get this card strictly for its free fico scores or something? Lol

I honestly don't see what the hype for this card is all about unless I'm missing something please clue me in

Shogun · ‎06-29-2014

I use it for promos at time, special 0% financing. Save money at the gas station at the local Walmart.

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.

SunriseEarth · ‎06-29-2014

@TheFate wrote:
Does everyone get this card strictly for its free fico scores or something? Lol

I honestly don't see what the hype for this card is all about unless I'm missing something please clue me in

My favorite feature is the "cash over" feature. You can get up to $60 with the store card and it's treated like a purchase, not a cash advance.

coldnmn · ‎06-29-2014

@SunriseEarth wrote:
@TheFate wrote:
Does everyone get this card strictly for its free fico scores or something? Lol

I honestly don't see what the hype for this card is all about unless I'm missing something please clue me in
My favorite feature is the "cash over" feature. You can get up to $60 with the store card and it's treated like a purchase, not a cash advance.

+1 with the Walmart Discover it's a $100 that can come in handy when away from home and save atm fees.

Discover IT $17k / US Bank Ace (VSig) $13.5K / US Bank Cash+ (VSig) $13.5k
Sam's Mastercard $15k / Walmart Mastercard $10k / Blispay $7.5k PayPal Ex MC $10.8k
CareCredit 5k / Husq $5k / Cap1 QS $4.5k / Barclay Ring $5.35k / Citi DC (WMC) $12k
Gardening Date 7/01/16 / MyFico 08: EQ 801 / TU 777 / EX 771 / 06/08/17

mongstradamus · ‎06-29-2014

@TheFate wrote:
Does everyone get this card strictly for its free fico scores or something? Lol

I honestly don't see what the hype for this card is all about unless I'm missing something please clue me in

When i got it originally i did get it for free fico , nobody else offered it at the time. Right now its just a nice card to have to help my aaoa and util.

EX Fico 804 11/16/16 Fako 800 Credit.com 11/16/16
EQ SW bank enhanced 11/16/16 839 CK fako 822 11/16/16
TU Fico discover 10/19/16 814 Fako 819 Creditkarma 11/16/16

BarryNTexas · ‎06-29-2014

I use it for the convenience - we shop at WalMart weekly. Also lucky enough to have a WalMart with a gas station and right now the discount is avg 5% off at the pump. Instant rewards.

baller4life · ‎06-29-2014

I like the monthly Fico and the growth potential that will pad util. You can go up to $25k limit. Some even have $35k.

chalupaman · ‎06-29-2014

Free FICO score and because I shop at WalMart from time to time pretty much.

Tradelines: Macy’s - $18k, Penfed Power Cash Rewards - $10k, Ethan Allen (TD Bank) - $5.7k, Kay Jewelers - $5.5k, Appliances Connection - $5.3k, Jared - $5.25k, Best Buy (Citi) - $5k, Dell Preferred Account - $3.5k, Samsung - $3.2k, Firestone CFNA - $3.2k, Capital One Platinum - $3k, Mercury MC - $2.25k, Williams Sonoma - $2.1k, Wayfair (Fortiva) - $2k, Amazon Store Card - $1.8k, Apple Card - $1.7k, NFCU cashRewards - $1.5k, CareCredit - $1.5k, B&H Photo - $1.5k, Adorama - $1.25k, Ebay MC - $1k, Sam’s Club MC - $1k, American Eagle - $1k, Ollo MC - $600, Mission Lane Visa - $500, NY & Company - $500, Walgreens - $500, Home Depot - $500, Target RED Card - $500, CapOne Secured MC 0 AF - $500, Penfed Overdraft LOC - $500

Current FICOS: Mid 640s-50s on all reports, Ch 7 BK D/C Aug 2019
Starting scores: EX - 534, EQ - 574, TU - 516 | Total TLs: $91k approx | Total Utilization: 17%, getting this back down

jamie123 · ‎06-29-2014

@TheFate wrote:
Does everyone get this card strictly for its free fico scores or something? Lol

I honestly don't see what the hype for this card is all about unless I'm missing something please clue me in

Yes, you are missing a few reasons.

1. Walmart is a great card for people that are rebuilding their credit or are new to credit. They will give credit cards to people with pretty low scores and people that have a short or no history. I've seen some people get a credit card from them with scores as low as 620.

2. They are VERY generous with CLIs. They have credit lines as low as $150 to start and as long as you demonstrate good credit management they will give you CLIs as often as every 4 months. I started with a $500 CL and within 12 months had been upgraded to a Walmart/Discover card with a $3500CL. After 18 months the Walmart/Discover CL was $6000. I know of no other lender that will take you from a $500 CL to $6000 in 18 months without a HP. This becomes important when applying for a new CC because the new lender will try and match your highest CL if they can.

Starting Score: EQ 653 6/21/12
Current Score: EQ 817 3/10/20 - EX 820 3/13/20 - TU 825 3/03/20

baller4life · ‎06-29-2014

@jamie123 wrote:
@TheFate wrote:
Does everyone get this card strictly for its free fico scores or something? Lol

I honestly don't see what the hype for this card is all about unless I'm missing something please clue me in
Yes, you are missing a few reasons.

1. Walmart is a great card for people that are rebuilding their credit or are new to credit. They will give credit cards to people with pretty low scores and people that have a short or no history. I've seen some people get a credit card from them with scores as low as 620.

2. They are VERY generous with CLIs. They have credit lines as low as $150 to start and as long as you demonstrate good credit management they will give you CLIs as often as every 4 months. I started with a $500 CL and within 12 months had been upgraded to a Walmart/Discover card with a $3500CL. After 18 months the Walmart/Discover CL was $6000. I know of no other lender that will take you from a $500 CL to $6000 in 18 months without a HP. This becomes important when applying for a new CC because the new lender will try and match your highest CL if they can.

+1 sp clis are sweet!!!!