I Just Applied for a Walmart Credit Card Online

[Jodi1980]

and it was approved on the spot - don't they check your credit, employment, etc???

 

[EsmeraldaX]

Originally posted by Jodi1980
and it was approved on the spot - don't they check your credit, employment, etc???

They do, they can do it very quickly by checking your credit score I think.

When I wanted to finance something from Sony last year, I was approved within seconds. It was a better deal through financing and I paid it right off. It's amazing how fast they can approve or deny though, isn't it!

 

[iNTeNSeBLue98]

I just upgraded my cell phone online and at the end of the order it stated a credit check would be performed. I received a confirmation email and all looks like it's a finalized order. They gave me the day they expect to ship, but also mention that I am still subject to creidt approval.

Even though Walmart Credit Card says you're approved instantly, I would think that the chance exists that you could see a denial letter in the mail (should they dis-approve your application for any reason), not that I'm trying to say they will deny you the card. I think their card is one of the easier charge cards to obtain.

 

[Robinrs]

The info goes straight to GE Capitol and the result is in a matter of minutes.

 

[oogieboogie]

It's a computer who grants or denies you credit based on a matrix. When you apply online, it goes and checks your credit score with a credit bureau and then based on the matrix approves or denies you.

Sometimes, when the system is down or you're on the bubble, then it'll give you a notice saying they can't approve it online, but will take 7-10 business days. In cases like this, the application then goes to a live person who will evaluate your score and other factors.

 

[Microcell]

When I went to open an account at ING Direct- bless the budget board! They surprised me with the security questions they had within seconds like "We have listed that your Mortgage is with ABC... pick which of these is closest to your monthly payment... "

I was kind of surprised!