Just so everyone knows - I see a lot of issues with Synchrony bank backing Walmart. Apparently they've "Broken Up". Capital One will be backing Walmart Credit Cards after August 2019. Could be a light at the end of the tunnel for some and a dark and gloomy future for those not fond of CapOne.
Most Helpful Positive Review
Most Helpful Negative Review
Got approved for card in January. I always paid all payments several days early and even added an extra $15-20 to minimum amount due. My total account balance in April was $44 with a payment due of $25 so I chose to pay the entire remaining balance of $44. Two weeks after paying Walmart the remains amount in my account, walmart closed my account. I had never been late, as I said always paid several days prior to the due date, I never missed a payment nor asked for an extension, and I always paid more than the minimum amount due so there was no reason to close my account. Then they reported to the credit bureau that they closed it which I totally understand but then a couple days later the reported a second time adding that they were the ones who closed the account which dropped my credit score a ton. Them closing my account after only 4 months of opening it and then reporting they closed it rather than account was just closed dropped my score even further. Due to a car accident several years prior, I only had a 580 credit score when opening the card in January however I had increased that credit score to 648 because of good credit history just since January, but by them closing the card and reporting it the way they did my credit score is lower now than when I opened the card. So they gave me the card with a lowcredit score but then close the card when my credit score was almost 70 points higher and ruining all my hard work to build up my credit. Upon contacting Walmart to find out the reason they closed my account/card Walmart stated they closed my account due to poor credit history and poor credit score. Makes no sense why they would give me the card with a low score and then take away when score greatly improved as well as was a great account holder. I also want to mention that the first 2 months of having this account I spent several days a week on the phone dealing with an issue of them putting the wrong social security number on my account after opening the account. So while I was approved and account was open with my social security number, somewhere along the way the removed my social security number and entered someone else’s. Walmart opened an investigation and made me send verification of my birth certificate, drivers license, and social security card to prove who I was. After verification they correctEd my account with the proper social security number which i again would like to mention was the number I was approved with. So that issue had nothing to do with them closing my account none the less it still shows how screwed up this Walmart Credit Card is, and why I would think twice on applying for it because it’s a large possibility they will ruin your credit that you’ve worked to build.
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