What credit bureaus does Walmart use? (all you need to know)
Walmart offers its customers the opportunity to earn various rewards and cash back by applying for the Walmart Store Exclusive Credit Card.
If you’re considering applying for this Walmart store credit card, you’re probably wondering – what credit bureaus does Walmart use to back this credit card? Here’s what I found!
What credit bureaus does Walmart use?
Walmart uses information from credit bureaus such as Equifax, Experian, and TransUnion in North America to create store credit cards (courtesy of Capital One Bank). Applicants for the Walmart Store Credit Card need a credit score of approximately 690 and a Social Security number to qualify.
If you want to learn more about the credit bureaus that determine applicant eligibility, the benefits you get with the Walmart Store Credit Card, and more, keep reading!
Does Walmart Offer Store Credit Cards?
Walmart stores offer customers the opportunity to apply for a store credit card, a MasterCard associated with Capital One.
With no annual fee, cash back bonuses, and dining and travel rewards, the Walmart Store Credit Card is a great option for shoppers looking to expand their wallet options.
Which bank does Walmart use for its store credit card?
Walmart’s store credit card is issued through Capital One Bank, making it a reliable, institutional-backed form of credit.
While credit cards for Walmart stores used to be issued through Synchrony, the company has recently switched to Capital One.
Capital One’s Walmart Rewards Card is a secure way to shop at Walmart and take advantage of this credit card’s benefits, cash back and lower interest rates.
Which credit bureau does Walmart’s store credit card use?
Because Walmart’s credit cards are serviced through Capital One Bank, the information was obtained from the country’s three major credit bureaus — Equifax, Experian and TransUnion.
Note that the bank does not rely on just one credit bureau, and it has been known to pull information from multiple credit bureaus for a single application.
By combining a candidate’s credit history and current credit score, Capital One Bank decides whether to issue a store credit card through Walmart.
Does Walmart run strict credit checks on its store credit cards?
Walmart typically completes a rigorous credit check when determining eligibility for store credit card applicants.
However, customers can check Walmart credit card prequalification online to see if their credit score and personal information will allow them to apply for the card.
This is especially helpful since hard credit checks are somewhat problematic for consumers’ credit scores.
An unsuccessful hard pull will lower an applicant’s credit score by 5-10%.
What credit score do I need for the Walmart Store Credit Card?
The Walmart card requires a much higher credit score than other store credit cards like Lowe’s or Home Depot.
Applicants need to have a credit score between 690 and 700 to be successful in applying for the Walmart Store Credit Card.
At the lower end, however, a FICO score of 670 is adequate.
While this does not guarantee that an applicant will be accepted for Capital One loan servicing, it is recommended that your credit score be as high as possible.
Can the Walmart Store Credit Card Help Build Credit?
Using the Walmart Store Credit Card works just as well as any other major credit card you can apply for, which means it can help or hinder your credit building.
The Walmart Capital One Rewards Card can be used to build credit if you use it responsibly, keep your balance low and make your monthly payments on time.
Experts also recommend keeping your Walmart credit card account open, even if it’s paid off or unused, because your credit score improves with the length of your history.
If you want to learn more about Walmart, you can also read our related posts on whether Walmart accepts CareCredit, whether you can use your Walmart credit card anywhere, and whether Walmart accepts Google Pay and Samsung Pay.
in conclusion
Financial eligibility for Walmart Store Credit Card applicants will be determined by up to three major credit bureaus, including Equifax, Experian and TransUnion.
These are used by Capital One, which backs the Walmart store credit card, to check applicants, their credit histories and credit scores, requiring a score of about 690 to 700 to be successful.
