The Capital One Walmart Rewards® Mastercard® reports to the credit bureaus monthly, within days after the end of a cardholder’s monthly billing period. Walmart Credit Card reports the card’s credit limit, account balance, payment history, and more to all three of the major credit bureaus: TransUnion, Equifax, and Experian. Capital One may use a specific credit bureau more than another, depending on the applicant’s home state, and other factors.
Once Walmart Credit Card reports your account information to a credit bureau, it may take a few days before the updates appear on your credit report. New Walmart Credit Card cardholders may not see any new credit account info on their credit report for one or two billing periods after getting a card.
A Walmart credit card does build credit, just like any other major credit card, as long as you use the card responsibly. That generally means paying your Walmart card bill on time every month and not maxing out your total credit limit. You can learn more from WalletHub’s guide on how to build credit.… read full answer
You probably can’t get a Walmart Credit Card with bad credit because this card requires at least fair credit for approval. That means your chances are best if your credit score is 640+. The Walmart® Store Card has the same credit score requirements, too.
That’s not to say getting a Walmart Credit Card with bad credit is impossible. Each applicant’s situation is unique, and Walmart looks at factors such as income, too. But it’s very unlikely, and not worth the additional credit score damage applying will do. That said, a Walmart Credit Card isn’t out of your reach forever. It’s possible to go from bad credit to fair credit in months, or even weeks, if you make the right moves.… read full answer
Here’s how to get a Walmart Credit Card with bad credit:
Get a secured card. Meant for people with bad credit, secured credit cards have the same credit-building potential as unsecured cards. You just have to put down a security deposit that acts as your credit line.
Make on-time payments. Paying on time is required if you want your score to rise.
The Walmart Credit Card limit will be based on the specifics of your credit, once your application has been approved. Your exact credit limit will depend on factors such as your credit history, income and debt when you’re approved for a Walmart Credit Card. That's true for both the Walmart® Store Card (Walmart purchases only) and the Walmart Credit Card (can be used anywhere that accepts Mastercard).… read full answer
Key Things to Know About Walmart Credit Card limits
You'll learn your credit limit when you're notified about account approval, either on the application website or by email.
The credit score requirement for Walmart Credit Card is 640, at a minimum. That means applicants need fair credit or better to be approved. The higher your score is, the higher you can expect your credit limit to be.
If you're unhappy with your initial Walmart Credit Card (or Walmart® Store Card) credit limit, you can request an increase online. Capital One uses soft pulls for these credit inquiries, so requesting an increase won't affect your credit score.
If you don't know what your score is, you can check it for free right here on WalletHub.
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