How do I apply for the Walmart credit card?

Yes, you can get pre-approved for the Walmart credit card. The only way to get Walmart credit card pre-approval is by receiving a targeted mail offer, though, because Capital One – the issuer of the Walmart credit cards – currently does not allow customers to check their pre-approval status online.

If you do get a pre-approval offer in the mail, visit the Capital One website or call the phone number included in your offer letter. The letter will also include an invitation code, which you will need to provide so that Capital One will know to flag the application as pre-approved.

Be aware that Walmart credit card pre-approval is not a guarantee that you’ll be approved for the card. It simply means the odds of getting the card are in your favor should you submit an application. Also note that if you apply for the Walmart credit card, you are giving Capital One permission to conduct a hard “pull,” or inquiry, on your credit report. Hard inquiries will lower your credit score slightly, but only for a short period. Pre-approvals, however, do not affect your credit score, as they’re done using a soft inquiry.

No, the Walmart Credit Card will do a hard pull. You will need a credit score of at least 700 to get it, which is better than what most store cards require, but you will be able to use it anywhere Mastercard is accepted, which is pretty much anywhere.

You can check if you prequalify for the Walmart Credit Card on Capital One's … read full answerpre-qualification page, which will not affect your credit score as it will be a soft pull. However, if you do prequalify and want to get the card, you will need to submit an actual application which will result in a hard pull.

A hard pull usually causes an applicant's credit score to drop by 5-10 points. Most people’s scores bounce back within 3-6 months with responsible credit management, but it can take up to 12 months. You can learn more about how to minimize the credit score damage here.

Your Walmart Credit Card approval odds are decent if you have at least a fair credit score and a steady income. The store card version can only be used at Walmart and the Mastercard can be used anywhere. You’ll need enough income to make your payments, and Capital One (the issuer) will look at lots of other factors, too. They’ll look at your credit history, your assets and any potential liabilities and debts you have.… read full answer

So, it’s hard to gauge your approval odds without knowing your personal situation. And Capital One unfortunately doesn’t let you check for prequalification to gauge your odds. They might send you a pre-approved offer in the mail, though.

Here’s how to check your Walmart Credit Card approval odds:

• Your odds are best for both the Walmart Mastercard and the Walmart Store Card if you have a fair credit score.
• How much income and debt you have, how many times you’ve applied for credit recently, and other factors will also affect your approval odds.
• If Capital One sent you a pre-approved offer in the mail, your chances of being approved are very high. It’s still not a guarantee, though.
• If you apply online or in-store, you might get instant approval if your credit and income clearly exceed the requirements. Otherwise, it could take a few weeks for Capital One to come to a final decision.

If you’re approved for a Walmart card, you should receive it in the mail within 10 business days. In the meantime, you’ll get a temporary card number so you can make purchases right away, both in store or online.