Valerie Naine, Member
@valerie_naine
Walmart could have closed your Walmart Credit Card account for several reasons like card inactivity, excessive debt, violation of card terms or a change in your creditworthiness. The same reasons could lead to your Walmart® Store Card being closed, too.
Common Reasons Walmart Might Close an Account
- Inactivity: If you haven't used your Walmart credit card for an extended period, the issuer may close the account due to inactivity. Creditors may do this to manage their accounts and reduce the risk of fraud.
- Late Payments: Chronic late payments or failure to make minimum payments can lead to account closure. Consistently missing payments can be interpreted as financial instability, prompting the issuer to close the account.
- Excessive Debt: If you have a high level of outstanding debt relative to your credit limit, the issuer may close the account to manage risk. This is often a measure to prevent customers from accumulating too much debt.
- Violation of Terms: If you violate the terms and conditions of the credit card agreement, such as engaging in fraudulent activities or using the card for prohibited purposes, the issuer may close the account.
- Creditworthiness Changes: Changes in your credit score or financial situation may prompt the issuer to reassess your creditworthiness. If they determine that you pose a higher risk, they may decide to close the account.
To find out the specific reason for the closure of your Walmart Credit Card account, contact the issuer at (866) 750-0873. They should be able to provide information on the reason for account closure and any steps you can take to address the situation.
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The Walmart Credit Card * credit limit will be based on your credit standing when your application is approved. The factors that influence your starting Walmart Credit Card * credit limit include your credit history, income, and debt. The same also applies to the Walmart® Store Card *.
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Walmart Credit Card * Benefits
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How much is the Walmart Credit Card annual fee?
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Walmart Credit Card * Fees
- Annual Fee: $0
- Cash Advance Fee: 3% (min $3)
- Foreign Fee: $0
- Balance Transfer Fee: $0 at the transfer APR, 3% of each transferred balance at a promo APR that Capital One may offer
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