What credit score is required for a Walmart credit card?

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What credit score is required for a Walmart credit card?

What credit score is required for a Walmart credit card?

If you’re a frequent shopper at Walmart, you might be interested in getting a Walmart credit card to make your purchases more convenient. However, one common question that arises is: what credit score do you need to be eligible for a Walmart credit card? Let’s explore the answer to this question in detail.

The credit score requirements for a Walmart credit card can vary, depending on the type of card you apply for. Walmart offers two types of credit cards: the Walmart Rewards Mastercard and the Walmart Credit Card. The Walmart Rewards Mastercard is a more versatile card that can be used anywhere Mastercard is accepted, while the Walmart Credit Card is only accepted at Walmart stores and their online platforms.

For the Walmart Rewards Mastercard, a good credit score is generally required. A good credit score usually falls in the range of 670-850. However, it’s important to note that even with a good credit score, approval is not guaranteed. Other factors, such as income stability and credit history, are also taken into consideration during the application process.

On the other hand, the Walmart Credit Card is generally easier to obtain, even for individuals with fair or limited credit history. While a specific credit score requirement is not disclosed by Walmart, it is possible to get approved for this card with a lower credit score. This card can be a good option for those looking to build or rebuild their credit.

FAQs:

1. Can I apply for a Walmart credit card with no credit history?

While it may be more challenging, it is still possible to be approved for a Walmart Credit Card with no credit history since it targets individuals with limited or fair credit.

2. Will applying for a Walmart credit card hurt my credit score?

Yes, applying for a Walmart credit card may temporarily lower your credit score as it generates a hard inquiry on your credit report. However, the impact is usually minor and fades away over time.

3. What is the minimum income requirement for a Walmart credit card?

Walmart does not disclose a specific minimum income requirement, but a stable income is generally expected to ensure the ability to repay the credit card charges.

4. How long does it take to receive a Walmart credit card?

Once approved, you can typically expect to receive your Walmart credit card within 7-10 business days.

5. Can I upgrade my Walmart Credit Card to a Walmart Rewards Mastercard?

Yes, if you initially qualify for a Walmart Credit Card, you may be able to upgrade to a Walmart Rewards Mastercard once you establish a good credit history.

6. Do I earn rewards with a Walmart Credit Card?

Yes, Walmart Credit Cardholders earn rewards in the form of cash back on purchases made at Walmart stores and online.

7. Is there an annual fee for a Walmart credit card?

No, both the Walmart Rewards Mastercard and the Walmart Credit Card do not have an annual fee.

8. Can I use my Walmart credit card instantly after approval?

Unfortunately, you cannot use your Walmart credit card immediately after approval. You need to wait until the physical card arrives to start using it.

9. Can I check my Walmart credit card application status online?

Yes, you can check your Walmart credit card application status online by visiting the application status page and providing the necessary details.

10. Are there any special financing offers available with a Walmart credit card?

Yes, Walmart occasionally offers special financing options for specific purchases made with a Walmart credit card, such as zero interest for a certain period or other promotional offers.

11. Can I manage my Walmart credit card account online?

Absolutely, you can easily manage your Walmart credit card account online by visiting the Walmart Credit Card website, where you can view transactions, make payments, and review your balance.

12. Are there any additional benefits with a Walmart Rewards Mastercard?

Yes, the Walmart Rewards Mastercard offers additional benefits such as cash back on purchases made at Walmart and Walmart fuel stations, as well as cash advances and extended warranty protection.

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What credit score is required for a Walmart credit card?