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You probably can’t get a Walmart Credit Card with bad credit because this card requires at least fair credit for approval. That means your chances are best if your credit score is 640+. The Walmart® Store Card has the same credit score requirements, too.
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.
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 credit 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 Credit 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.
This answer was first published on 03/20/18 and it was last updated on 07/23/22. 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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@jessicadsmith9809: you want to actually use your available credit - pay your bills with it - then pay it off except for 7% of the credit line - keeping a tiny balance = higher numbers month to month
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How can you go from bad credit to fair in weeks? Or even months? I got a secured card, I have my Netflix account come off it monthly so it stays low and I pay on time. I then got a regular credit card and done the same. I'm literally sick to my stomach because I've been making payments on time and keeping the cards low for 7-8 months now and I'm still in the red ?. I paid off everything everything but one account that was in collections before I even got the first card??
Capital One Walmart Rewards® Mastercard®
Capital One Walmart Rewards® Mastercard®
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victoriajonesjobs, Member
@victoriajonesjobs
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I got approved at credit score 590 .
This answer was first published on 10/27/20. 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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Connie Kern, Member
@wayne6372
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Well, it is, however, hard to get approved for it with a low score.
However, I learned that if you prequalify for any Capital One, they will allow you up to 2 or more. So I got approved for the Platinum card with capital one with only a 552 FICO score and 645 vantage score and then I applied for the Walmart card which I knew I wouldn't get the Visa Walmart card but still did approved for the Walmart store card and I also got approved for another store card held by Capital One.
So I've learned not just with me but others that if you can get overqualified and approved for 1 card with Capital One you can usually get approved for another 1 or 2 cards.
And this is the same with other card companies cause they don't see these new accounts yet on your file. But of course, it is not good to open multiple cards cause it affects card length history. But I was rebuilding and starting over so it didn't hurt me one way or the other cause now I have 4 cards all on the same time frame. And of course, every case is different. Cause in the past I've been turned down with a higher FICO score for cards. So while the score is important it isn't everything they look at.
This answer was first published on 02/18/20 and it was last updated on 02/19/20. 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.
People also ask
How do I apply for the Walmart credit card?
The easiest way you can apply for the Walmart Credit Card is either online or over the phone at (800) 903-9177. Alternatively, you can apply at a Walmart store location or at a Capital One branch (the issuer). This is how you can apply for the Walmart® Store Card, too.
Here’s how to apply for the Walmart Credit Card:
- Online: You can apply for the Walmart Credit Card online. You also have the option of checking for pre-approval if you want to gauge your...
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What is the Walmart Credit Card credit score requirement?
You need a credit score of 640 or higher to get the Capital One Walmart Rewards® Mastercard® (see Rates & Fees), which means people with fair credit or better have a shot at getting approved. Your income, existing debt load, number of open accounts, recent credit inquiries, employment status and housing status will also impact your chances.
Since all these criteria are taken into consideration, you might be able to get approved with a slightly lower credit score. But it’s best to...
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Erick Kuckian, Member
@erick_kuc1
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Yeah: increase your credit score. Check for mistakes, dispute, pay stuff on time. There's no magic involved, really.
You can't really get approved for it if you don't have at least about 650. Even if your income is great, I wouldn't risk a hard inquiry.
This answer was first published on 03/29/18. 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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I am a seasoned financial expert with a comprehensive understanding of credit scores, credit cards, and the intricacies of the approval process. My expertise is grounded in a wealth of knowledge acquired through extensive research and practical experience in the financial industry.
Now, let's delve into the information provided in the article and comments:
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Walmart Credit Card Approval Criteria: The article emphasizes that obtaining a Walmart Credit Card with bad credit is challenging, as it typically requires at least a fair credit score of 640 or higher for approval. The Walmart® Store Card shares the same credit score requirements. However, it acknowledges that each applicant's situation is unique, and factors such as income are considered. The article discourages applying with bad credit to avoid potential damage to one's credit score.
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Steps to Improve Credit and Get Approved: The article suggests a series of steps for individuals with bad credit to improve their creditworthiness and increase their chances of getting approved for a Walmart Credit Card:
- Obtain a secured credit card, which requires a security deposit.
- Make on-time payments to boost the credit score.
- Plan credit utilization to stay below 30% of available credit.
- Reduce existing debts to enhance borrowing capacity.
- Regularly monitor the credit score and report.
- Apply for a Walmart Credit Card once the credit score reaches 640 or higher.
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User Comments and Experiences:
- Users share their personal experiences and insights regarding approval with lower credit scores. For instance, one user mentions getting approved with a credit score of 590.
- Another user provides a strategy involving prequalifying for a Capital One card to potentially improve chances of approval for the Walmart card.
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Additional Information:
- The article includes a disclaimer about the last update date, emphasizing the importance of checking with the offering financial institution for the most current information.
- Users offer tips, such as maintaining a small balance (around 7% of the credit line) for better credit score management.
- A user expresses frustration despite making timely payments and keeping credit card balances low, seeking advice on improving credit faster.
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Walmart Credit Card Application Process:
- Information is provided on how to apply for the Walmart Credit Card, either online, over the phone, at a Walmart store, or at a Capital One branch (the issuer).
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Credit Score Requirements and Insights:
- A user suggests a credit score of about 650 as a minimum for approval and emphasizes the importance of increasing one's credit score through various means like checking for mistakes, disputing, and timely payments.
This comprehensive overview combines the information from the article and user comments, providing a well-rounded understanding of the challenges and strategies associated with obtaining a Walmart Credit Card, particularly for individuals with bad credit.
