How Do I Find Out If My Card Application Was Approved
In many cases, the approval process for getting a Walmart card takes just a few seconds, but instant approval is not guaranteed. If you have good to excellent credit and meet or exceed the requirements for approval, youll know on the spot. However, if the card issuer needs more time to verify your application, it could take up to a week to hear back from them.
To check whether your application has been approved, you can 1-877-969-3668. Youll need to provide some personal information to verify you are the applicant.
If approval is delayed, it may be because you dont meet one or more of the instant-approval requirements. The basic requirements are that you are at least 18 years of age, have a U.S. mailing address, and possess a valid Social Security number.
Other reasons you may not be instantly approved include:
- Having a credit score below the minimum required usually around the low- to mid-600s for the Walmart store card and nearing 700+ for the Walmart Mastercard.
- Entries on your credit report that indicate a pattern of missed payments, especially recently. Collection accounts and charge-offs are also likely grounds for denying approval. Check your credit report for errors and dispute any entries that arent valid or dont belong to you.
- If your credit history is too recent or shows too little information to verify your past payment history or creditworthiness, this could also cause a delay or denial of your application.
Walmart Rewards Card Vs Citi Double Cash Card 18 Month Bt Offer
The Citi® Double Cash Card lets you Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. It also comes with $0 annual fee.
If you make a majority of your purchases online at Walmart, the Walmart Rewards Card may make sense for you. Otherwise, it may be wise to pick up a card like the Citi® Double Cash Card that gets 2% everywhere. Similar to the Walmart Rewards Card, the Citi® Double Cash Card does not come with an initial welcome offer or higher rewards amount. For the first 12 months, earning 5% in-store with the Walmart Rewards Card might be more attractive if you make a lot of Walmart purchases.
Does Walmart Approve Right Away
Walmart Credit Card applications are typically approved or denied instantly, or later the same day. But if you dont get instant approval, it could take another week or two to hear back. For example, your application might get flagged as fraudulent. Or, Capital One might need more time to verify your information.
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Can A Walmart Credit Card Help Build Credit
Thomas J Catalano is a CFP and Registered Investment Adviser with the state of South Carolina, where he launched his own financial advisory firm in 2018. Thomas’ experience gives him expertise in a variety of areas including investments, retirement, insurance, and financial planning.
Walmart Inc. offers two kinds of credit cards, Walmart Rewards Mastercard, which can be used anywhere Mastercard is accepted, and a Walmart MoneyCard, which is a store credit card.
The Walmart Rewards Mastercard and its in-store credit card are issued by Capital One, and cardholders can earn rewards for shopping at Walmart. When used properly, both cards can help you build your credit history and credit score.
By reviewing the terms and conditions of the Walmart Rewards Mastercard and Walmart MoneyCard, you can verify that your account activity is reported to the three credit bureaus . Data, such as your account balance and list of late payments, will appear on your , which the credit bureaus use to calculate your credit score.
Learn the strategies below to help you build your credit with these two credit cards.
Bonuses & Rewards Explained
With the Capital One Walmart Rewards Mastercard, you can earn the most rewards shopping at Walmart.com. There are no caps or expiration dates for the points you earn with the card. It also offers the following bonuses and rewards.
Earn Cash Back
To maximize your rewards, earn 5% cash back on purchases made through Walmart.com or the Walmart mobile app. Youll also earn 2% back on purchases you make at Walmart stores, 2% back on travel and dining purchases and 1% back on other purchases. The rewards you earn are unlimited and do not expire.
Introductory Offer
Capital One Walmart Rewards cardmembers who use Walmart Pay earn 5% cash back in Walmart stores for the first 12 months after approval, then 2% after that.
Redeem Rewards in Several Ways
You can redeem your cash back as a check or a statement credit. You can also claim rewards to cover a new or recently made purchase, buy gift cards or pay for travel.
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Make A Point To Regularly Review Your Credit Report
Everyone should make a point to get into a habit of regularly reviewing their , especially if you’re opening new financial products, whether that’s a POS loan or a new credit card.
Due to the pandemic, each of the three credit bureaus Experian, Equifax and TransUnion now offer one free credit report weekly. Just go to annualcreditreport.com, a website authorized by federal law, to request your credit report from one of the bureaus. If you have an Affirm loan, you’ll want to request your Experian credit report.
There are also a number of free services that allow you to keep track of your credit score. Most credit card companies allow you to check your score on their apps or website. You can also use a free credit monitoring program like or Experian free credit monitoring.
While signing up for a POS loan won’t necessarily improve your credit score, there are a few quick ways to improve it. Experian Boost, for example, is a free service that offers consumers the ability to connect their utility and streaming accounts to their Experian credit report. This means that if you’re timely about paying off your internet, water or Netflix® bill, you could see your FICO score improve.
How To Apply For Walmart Credit Card
- Visit the Walmart credit card website.
- Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
- Check the information is accurate and submit your application.
If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.
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How Long Does It Take To Get Approved For A Walmart Card
If you do decide to apply for a Walmart credit card, you have a number of ways you can do it.
If youre already at the register with your purchases, you can apply right there provided you dont mind the glares you get from the customers behind you in line. It takes just a few minutes and is even faster if you have another credit card available the clerk can scan for your initial information.
If denied for the Walmart Mastercard, you may be approved for the Walmart Rewards Card.
A second way to apply is at a Walmart jewelry counter, where theyre set up to take applications and process them on the spot. This way will give you more time, and probably less stress, than at the checkout register. Either way, you will need a valid photo ID. In most cases, the decision will be made in seconds.
Remember, there is only one application for a Walmart card, and if youre not approved for the Mastercard, you may be offered a Walmart store card instead.
In some instances, you may be asked to call an approval line if not enough information is available regarding your credit history or personal information. If you do apply in-store and are approved, youll be given a temporary shopping pass that is good for 24 hours only at the store where you applied.
You can also apply for a Walmart card online or via the Walmart mobile app. Once approved, youll receive a code that will act as your temporary shopping pass. You can expect to receive your physical card within seven to 10 business days.
Who Should Get The Walmart Business Credit Card
Now that weve broken down the pros and cons of this card, lets look at what kind of businesses are best-suited for the Walmart Business Credit Card. Unfortunately, at the end of the day, its hard to say that this card would be the absolute best possible choice for any small business. Look at the facts:
- No benefits, rewards, or discounts
- No breaks for late payments, regardless of credit standing
- No ability to use beyond the Walmart family of stores
- Not even the best Walmart credit card out there
In other words, small businesses really cant get much use out of this card. The card is simply a line of creditâand although it shouldnât be too hard to get approved forâ if youâre spending on a business credit card, you might as well get something in return.
As we mentioned above, however, it could be beneficial to limit your employeesâ spending to one store. But if youâre really concerned with limiting their purchasing power, there are other options you can explore, including a prepaid card, like Bento for Business. Otherwise, this card is probably best suited for a regular Walmart customer who is looking for a simple credit card to establish business credit.
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Personal Or Business Credit Card
Being reported as an authorized user on a small business credit card shouldnt affect your personal credit score. These accounts may still appear on your credit report even though they do not affect your score or credit application decisions.
If your credit application is denied because of too many new accounts, you should see if your additional employee cards are included. If so, you can call the credit card company reconsideration line and possibly reverse the initial decision.
Pay The Minimum Due Or Call Your Issuer For Help
Paying your credit card bill late could cost you extra money, put your account at risk, and potentially hurt your credit scores.
Even if you cant afford to pay your full statement balance because of a financial emergency, its important to make at least the minimum payment on your credit card to keep your account open and in good standing. That way, youll keep your credit reports void of late payments.
If you know you arent able to submit an upcoming payment on time, reach out to your issuer and see if it can help with a temporary hardship accommodation.
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What Credit Reporting Agency Does American Express Use
According to the Credit Pulls Database, American Express seems to pull exclusively from Experian. You can use the Credit Pulls Database to search for recent credit pulls by American Express in your state. Just keep in mind that this list is not an exhaustive one, as it only includes pulls shared by database contributors. Back to Top
Where Is The Walmart Card Accepted
Both the Walmart Credit Card and the Walmart Mastercard are accepted at any Walmart or Sams Club stores, Walmart and Murphy USA gas stations, and online at Walmart.com. But those are the only places you can use the Walmart Rewards Card, which is essentially a store card.
The Capital One® Walmart Rewards® Card, on the other hand, can be used anywhere that accepts cards with the Mastercard logo. This includes businesses and retail locations throughout the U.S. and in more than 200 countries around the world. Thats because the Walmart Mastercard is a true credit card with all the advantages that carries.
Other benefits of a Mastercard-branded credit card include things like purchase protection, theft and loss coverage, travel insurance, available rental car insurance, security and privacy protections, and a lot more.
While the Walmart store card does have benefits, such as getting 5% cash back on Walmart.com orders and 2% cash back on gas at Walmart or Murphy USA stations, the Walmart Mastercard is simply more flexible overall.
One way to make your Walmart Rewards Card work better for you is to use it for purchases you make online, and then simply go to your local Walmart store for pickup. This works for groceries and any in-stock merchandise purchased on the Walmart website.
This way, you can take advantage of the 5% cash back for online purchases using your Walmart card, while still enjoying the convenience of immediate pickup.
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What Credit Score Is Needed For A Walmart Credit Card
The Walmart Rewards Card specifies that it is looking for applicants with Excellent/Good credit. That generally specifies a credit score of 700 or higher. It’s possible if you are not approved for the Walmart Rewards Card you may be approved for the similarly named Walmart Rewards Card which you can only use at Walmart.
Why You Should Avoid All Late Payments
You may be able to get away with paying your credit card account a few days or even a few weeks late without hurting your credit scores. But there are several reasons why you should avoid managing your credit cards this way:
- Late Fees: A credit card issuer cant report your account as past due to the credit bureaus until a full 30 days after your due date. But a card issuer can add a late fee to your account as soon as you miss your payment by one day. According to the Consumer Financial Protection Bureau , late fees on credit cards can be as high as $30 for the first late payment and $41 for additional late payments within six billing cycles. The point being, paying your bills late can get expensive.
- Adverse Account Changes: If you make a habit of paying your credit card bills late, you could put your account in jeopardy. A credit card issuer may reduce your credit limit or close your account outright if it feels your level of risk as a borrower has become unacceptable.
- Room for Error: Paying your credit card after the due date can be a dangerous game. If you try to delay sending in payment because youre overextended financially, those habits can catch up with you later. Something could go wrong with your plan and cause you to go past the 30-day mark before sending in a payment to your card issuer. If this happens, you will likely see a negative mark show up on your credit report and your credit scores could drop.
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The Capital One Walmart Rewards Mastercard
If youre really interested in a Walmart credit card, itâs worth thinking about their consumer Rewards Mastercard from Capital One. In September 2019, Walmart announced a complete overhaul of their consumer credit card programâwhich included switching providers from Synchrony Bank to Capital One.
With the Capital One Walmart Rewards Mastercard, Walmart actually provides a more robust alternative to their own business credit card. To explain, first and foremost, this card gives you the option of spending outside of Walmarts network of stores and provides notable rewards. With this card, you can earn:
- 5% back on purchases at Walmart.com and the Walmart app, including Walmart grocery pickup and delivery
- 2% back on Walmart purchases in stores and at Walmart and Murphy USA Fuel Stations
- 2% back on restaurants and travel
- 1% percent back everywhere else
There is no annual fee with this card, no foreign transaction fees, and you can redeem your rewards at any time for travel, gift cards, during online checkout at Walmart.com, for recent purchases, and statement credits. Additionally, Walmart has a special introductory offer with this card where you can receive 5% back on in-store purchases when using Walmart Pay for the first 12 months after opening your account.
Is A Social Security Number Required
Some banks may ask for an authorized users Social Security number. If so, the payment activity and being added as an authorized user will most likely report to the credit bureaus.
When the bank only requests the secondary users name and home address, there is a chance the account will not list on a credit bureaus credit report. In most cases, the information will report if the home address matches the address on record with the credit bureau.
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Walmart Credit Card Review
Is the Walmart Credit Card worth applying for? Read this expert review and comparison of the Walmart store card and Walmart Mastercard before you apply.
With its reputation for low prices, Walmart is the go-to store for groceries and other household staples. The retail giant offers two types of credit cards issued by Synchrony:
We review the cards in detail below. In this review:
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