Can you get pre-approved for a Walmart credit card? This question is about the Capital One Walmart Rewards® Mastercard®

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

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This question is about the Capital One Walmart Rewards® Mastercard®

Jamie Thompson, WalletHub Analyst

@ExTaxMan • 07/23/21 This answer was first published on 07/13/21 and it was last updated on 07/23/21.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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Yes, you can get pre-approved for the Walmart Credit Card. The only way to get Walmart Credit Card pre-approval is by receiving a targeted mail offer, though, because the issuer of the Walmart Credit Card currently does not allow customers to check their pre-approval status online.

If you do get a pre-approval offer in the mail, you can respond to the offer online or call the phone number included in your offer letter. The letter will also include a reservation number and an access code, which you will need to provide so that the issuer will know to flag the application as pre-approved.

Be aware that Walmart Credit Card pre-approval is not a guarantee that you’ll be approved for the card. It simply means the odds of getting the card are in your favor should you submit an application. Also note that if you apply for the Walmart Credit Card, you are giving Capital One permission to conduct a hard "pull," or inquiry, on your credit report. Hard inquiries will lower your credit score slightly, but only for a short period. Pre-approvals, however, do not affect your credit score, as they’re done using a soft inquiry.

pinkstar, Member

@pinkstar • 01/08/21 This answer was first published on 12/17/18 and it was last updated on 01/08/21.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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Walmart Credit Card pre-approval is available, as Capital One mails pre-approved offers to certain people who appear to meet the criteria for approval. A pre-approved offer means you have a good chance of approval if you apply, but it does not guarantee it. Unfortunately, you are not able to check for pre-approval online.

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People also ask

What is the Walmart Credit Card credit score requirement?

The Capital One Walmart Rewards® Mastercard® credit score requirement is 640 or higher. That means people with fair credit or better have a shot at getting approved 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

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.

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How can I get a Walmart credit card with bad credit?

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:

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.

Make on-time payments. Paying on time is required if you want your score to rise.

Plan your utilization. Try to use less than 30% of your available credit.

Reduce your debts. Owing less means you can borrow more.

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.

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.

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What credit bureau does the Walmart Credit Card use for approval?

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.

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