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.
If you excel in other areas, you might be able to get approved with a slightly lower credit score in some cases. 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.
The Walmart Credit Card credit score requirement is “fair” for both the Walmart Credit Card and the Walmart® Store Card; that’s a credit score of 640+. The difference between these two cards is that the Walmart Credit Card can be used anywhere, while the Walmart® Store Card can only be used at Walmart and its affiliates (Sam’s Club, Murphy USA).
Here’s what you need to know about the Walmart Credit Card credit score:
Both the Walmart Credit Card and the Walmart® Store Card require fair credit for approval. That means a score of 640+.
The Walmart Credit Card can be used anywhere Mastercard is accepted. The Walmart® Store Card can just be used at Walmart, Walmart Neighborhood Market, Murphy USA, and Sam’s Club.
Your credit score isn’t the only thing Capital One will look at when evaluating your application. They’ll also consider your income, existing debt, employment and recent credit inquiries, among other things.
If you’re a frequent Walmart shopper, the Walmart® Store Card is a pretty decent deal, offering 2 - 5 points per $1 at Walmart.com, Walmart Stores, Walmart & Murphy USA Fuel Stations. With the Walmart Credit Card, you earn 5% cash back in Walmart stores using Walmart Pay for the first 12 months, 5% back on Walmart.com purchases, 2% back at Walmart stores and fuel stations, 2% back on restaurant and travel purchases, and 1% back on all other purchases.
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.
It is not very hard to get a Walmart Credit Card. Walmart has credit card offerings for people with fair credit or better. There are two Walmart credit cards: the Walmart® Store Card that can only be used at Walmart, and the Walmart Credit Card which can be used anywhere Mastercard is accepted.… read full answer
Both cards accept applicants with fair credit, so a score of 640 or higher. Requirements also include being a U.S. resident and at least 18 years of age to get either card. You’ll also want to have a steady income, although Walmart doesn’t release specific income requirements. As with most credit cards, the higher your income and the lower your existing debt, the better your chances will be for approval.
Here’s how to get a Walmart Credit Card:
The application process is simple and can be completed online or in store. Regardless of where you fill it out, the application is the same. It asks for your name and address, phone number, Social Security Number, and your annual net income.
Here’s how to find out if you’ve been approved for a Walmart Credit Card:
You can check the status of your Walmart Credit Card application at any time by calling Walmart Credit Services. If your application is approved, you will receive your new card in the mail in 7-10 business days later.
If you don’t get approved for a Walmart Credit Card, don’t worry. There are plenty of other credit cards for people with fair credit, no credit and even bad credit. If you’re trying to build, or rebuild, your credit, secured cards are an excellent option, as they’re easier to get approved for thanks to the required security deposit. Regardless of what card you decide on, be sure to make all of your payments on time and use your credit card responsibly. That way, your credit score will go up and you’ll have better chances of being approved for the top credit cards you want.
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