What credit score do you need for Walmart card?

What credit score do you need for Walmart card?

If you’re a frequent shopper at Walmart, you may have considered applying for their branded credit card. The Walmart credit card not only allows you to make purchases at Walmart but also offers various perks and benefits. One of the questions many potential applicants have is: what credit score do you need for a Walmart card? Well, let’s dive into the details.

To apply for a Walmart credit card, you don’t necessarily need an excellent credit score. In fact, Walmart offers two types of credit cards: the Walmart Mastercard and the Walmart store credit card. The requirements for each type may differ slightly. However, for both cards, a fair credit score is generally acceptable.

The Walmart Mastercard, which can be used anywhere that accepts Mastercard, usually requires a credit score of around 640 or higher. This means that if you have a credit score in the range of fair (580-669) or even good (670-739), you have a decent chance of qualifying for this card. Bear in mind that other factors, such as income and existing credit accounts, are also taken into consideration during the approval process.

On the other hand, the Walmart store credit card, which is limited to Walmart purchases only, may have slightly less stringent requirements. Generally, a credit score around or above 550 is considered acceptable. This means that even if you have a lower credit score or are still building your credit, you may still have a chance to be approved for the store credit card.

While credit scores play a crucial role in determining eligibility for a Walmart credit card, it is not the sole deciding factor. The card issuers will also consider factors like your income, payment history, and existing debts. So, if you have a lower credit score, but have a stable income and a good payment history, your chances of approval may still be favorable.

FAQs:

1. Can I check my credit score before applying for a Walmart card?

Yes, you can check your credit score for free through various credit monitoring websites or your credit card issuer.

2. Does Walmart offer a secured credit card for those with bad credit?

No, Walmart does not offer a secured credit card option. However, their store credit card may be accessible for those with fair or poor credit.

3. What are the benefits of having a Walmart credit card?

Having a Walmart credit card offers benefits such as cashback rewards, special financing options, and the ability to monitor your credit score through their Credit Journey feature.

4. Can I use my Walmart credit card for online purchases?

Absolutely! The Walmart credit card can be used for both in-store and online purchases on the Walmart website.

5. Does Walmart offer a co-branded credit card with any other company?

Apart from the Walmart Mastercard, which can be used anywhere, Walmart has partnered with Capital One to offer the Walmart Capital One Rewards Card.

6. Can I upgrade my Walmart store credit card to a Walmart Mastercard?

Yes, if you have consistently demonstrated responsible usage and improved credit, Walmart may consider upgrading your store credit card to a Walmart Mastercard.

7. Are there any annual fees associated with the Walmart credit cards?

No, both the Walmart Mastercard and store credit card do not have any annual fees.

8. What is the credit limit for a Walmart credit card?

The credit limit for a Walmart credit card varies based on individual creditworthiness and other factors considered during the application process.

9. Can I use my Walmart credit card at Sam’s Club?

Yes, Walmart credit cards can be used not only at Walmart but also at Sam’s Club and other affiliated Walmart stores.

10. Is it possible to earn cashback rewards on Walmart credit cards?

Yes, both the Walmart Mastercard and store credit card offer cashback rewards on eligible purchases.

11. Can I get instant approval for a Walmart credit card?

In some cases, Walmart may offer instant approval for their credit cards. However, this may vary depending on individual circumstances.

12. How can I apply for a Walmart credit card?

You can apply for a Walmart credit card online through the Walmart website or by visiting the customer service desk at any Walmart store.

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