The best way to ask for a Walmart credit card credit limit increase would be to call the issuer’s customer service department at 877-383-4802.
They will be able to give you a sense of how long the process will take. Just keep in mind that they might have to review your credit history again, which could result in a hard inquiry and a temporary decline in your credit score.
Before you call, you may also want to check out this article, which has some helpful tips for requesting a credit limit increase.
You won’t know what your Walmart credit card limit will be until you apply and are accepted. That’s true for both the Walmart Store Credit Card (Walmart purchases only) and the Walmart Mastercard (can be used anywhere). Walmart will decide which card and what credit limit you get based on your credit history, income, and debt load, among other factors. … read full answer
Even though Walmart doesn’t disclose even a minimum limit for its credit cards, there are a few pieces of information that can help you estimate the neighborhood in which your limit is likely to fall.
Here’s what you should 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.
You need fair credit (620+) to be eligible. The higher your score is, the higher you can expect your credit limit to be.
There are reports of people getting Walmart Store Card limits of $400, $1,000 and $8,000.
People report being approved and $1,200.
The higher your credit score is, the more likely you are to land a high Walmart credit card limit. You can improve your credit score by paying bills on time, using less of the credit you already have, and paying down debt.
You have the best chance of getting a credit limit increase without asking after 6-12 consecutive months of on-time bill payments with a new credit card account. Credit card companies need evidence that you can handle your current spending limit responsibly before giving you the ability to borrow more.
Creditors will review your credit, income and payment history on a regular basis moving forward. If they feel you can afford an increase and refrain from abusing the added spending power, they may automatically grant a credit limit increase without you asking.… read full answer
If you get a credit limit increase without asking, it should help your credit score. To start off, issuers only use a soft inquiry (which does not affect your credit score) for this type of increase. If you ask them for an increase instead, they’re more likely to use a hard inquiry, which can cause a temporary drop in your score. In addition, getting any kind of credit limit increase adds to the total credit you have available, which can lower your credit utilization if you spend the same amount of money (or less) than you did before. Or, it can allow you to spend more without increasing your utilization.
If you want to increase the chances of a credit card company giving you a higher limit without you having to ask for it, there are a few steps you can take.
How to get a credit limit increase without asking:
Always pay all your bills on time.
Pay off the card you want the higher limit on fully each month.
Update your income on the credit card company’s website/app.
Keep your account open for at least 6-12 months.
These steps won’t guarantee you a credit card limit increase without asking. But they will certainly help your chances.
If your credit card’s issuer doesn’t grant you an unsolicited increase, you may want to just ask for an increase yourself. While your request will probably lead to a lower credit score, the damage will be small and temporary. And in the long term, a limit increase has the potential to bring your score higher.
Your Walmart Credit Card approval odds are decent if you have at least a 640 credit score and a steady income. You’ll need 640+ for the store card version, which can only be used at Walmart, and 700+ for the Mastercard, which can be used anywhere. You’ll need income to make your payments, and Synchrony Bank (the issuer) will look at lots of other factors, too. They’ll consider your debt and the number of cards you already have, for instance. … read full answer
So it’s hard to gauge your approval odds without knowing your personal situation. And Synchrony Bank unfortunately doesn’t let you check for pre approval 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 the Walmart Mastercard if you have a credit score of 700+.
Your odds are best for the Walmart Store Card if you have a credit score of 640+.
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 Synchrony 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 Synchrony Bank 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.
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