Can you get pre-approved for a Walmart credit card?

The Walmart Credit Card credit score requirement is good credit for the Mastercard and fair credit for the store card version. So that’s a score of 700+ for the Mastercard and 640+ for the Store Card. The reason for these different requirements is that the Mastercard can be used anywhere, while the store card can only be used at Walmart and its affiliates (Sam’s Club, Murphy USA). … read full answer

Here’s what you need to know about the Walmart Credit Card credit score:

• The Walmart Mastercard requires good credit for approval. That means a score of 700+.
  
• The Walmart Store Card requires fair credit for approval. That’s a score of 640+.
  
• The Mastercard is harder to get because it can be used anywhere Mastercard is accepted. The Store Card can just be used at Walmart, Walmart Neighborhood Market, Murphy USA, and Sam’s Club.
  
• Synchrony Bank, the issuer, will pick whether you get the Mastercard or the Store Card. There is only one Walmart card credit card application.
  
• Your credit score isn’t the only thing Synchrony Bank 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 Credit Card is a pretty decent deal. It gives you 3% cash back on Walmart.com purchases, 2% back on Murphy USA and Walmart Gas, and 1% back in Walmart stores. Plus, if you have the Mastercard, you can get 1% back everywhere else your card is accepted.

You probably can’t get a Walmart credit card with bad credit because it requires fair credit for approval. That means your chances are best if your credit score is 640+. 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:

1. 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.
2. Make on-time payments. Paying on time is required if you want your score to rise.
3. Plan your utilization. Try to use less than 30% of your available credit.
4. Reduce your debts. Owing less means you can borrow more.
5. Monitor your credit. Checking your credit score and report frequently will help you figure out how to improve and when you’re ready for a Walmart card.
6. Apply for a Walmart card. Once you get your score to 640+, your chances of success will be much better.

So it’s unlikely you’ll get approved for a Walmart credit card with bad credit, but you can certainly work your way up to fair credit pretty quickly.

Capital One, the issuer of the Walmart Credit Card can check any of the three consumer credit bureaus to determine approval.

In some cases, it will check two or even three credit bureaus.