Does Walmart have secured credit cards? This question is about Walmart Credit Cards

Does Walmart have secured credit cards?

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This question is about Walmart Credit Cards

Chip Lupo, Credit Card Writer

@CLoop • 10/25/21 This answer was first published on 10/25/21. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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No, Walmart does not have secured credit cards. The big-box retailer's only credit card offers are the co-branded Capital One Walmart Rewards® Mastercard® and the Walmart® Store Card, both of which are unsecured credit cards.

Secured credit cards are designed for people with bad or no credit, and they require a security deposit to open the account. Unsecured cards are the most common type of credit card. They don't require a security deposit, which makes them harder to get, but there are offers for people of all credit levels.

You can find a secured card that works for you by browsing WalletHub's latest picks for the best secured credit cards.

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What is the Walmart Credit Card credit score requirement?

The Walmart Credit Card credit score requirement is 640 or higher. That means people with fair credit or better have a shot at getting approved for this card. The Walmart® Store Card also requires at least fair credit for approval.

Other things you need for the Walmart Credit Card:

You should note that while your credit score is an important factor, there are plenty of other things that will impact your chances of being approved for the Walmart Credit Card, too. Some other key criteria include your income, existing debt load, number of open accounts, recent credit inquiries, employment status and housing status.... read full answer

Since all these criteria are taken into consideration, you might be able to get approved with a slightly lower credit score. But it’s best to wait to apply until you meet the Walmart Credit Card credit score requirement. You can check your credit score for free on WalletHub.

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Which bank issues the Walmart credit card?

The bank that issues the Walmart Credit Card is Capital One. The same bank issues the Walmart® Store Card, too. Capital One has been the Walmart Credit Card issuer since October 2019.

While Capital One issues both versions of the Walmart credit card – a Mastercard that you can use anywhere, and a traditional store-only credit card – you cannot apply for both. You’ll have to submit an application for the Walmart Credit Card, and if you don’t qualify for that card, Capital One may consider you for the Walmart® Store Card. You will need at least fair credit to ensure high odds of approval for the Walmart Credit Card.... read full answer

The Walmart credit cards offer 5% cash back on walmart.com purchases, including pick-up and delivery orders. The Rewards Mastercard also adds a pair of rewards categories, Walmart stores, fuel stations, restaurants and travel, which give 2% cash back.

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Can you get a Walmart credit card with no credit history?

You probably won’t be able to get a Walmart credit card with no credit history. Both Walmart cards require at least fair credit for approval.

Your best bet is to go for a card that’s explicitly open to people with no credit history. Capital One Platinum is one of the best choices. You might also consider secured cards like Capital One Quicksilver Secured or Capital One Platinum Secured.... read full answer

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