Credit Cards
recommended by
our experts

Get Cards
Credit Card eZine - News and Articles about Credit Cards

Credit Card eZine - News and Articles about Credit Cards

Get even more information on credit cards? Read our Credit Card eZine. The section is regularly updated by our specialists. Learn all the financial tricks. Know the pitfalls and hidden bonuses. Find out how to transfer balances and accumulate points. We will tell you about the latest offers on the market.Get your credit card education and make the most out of your plastic.

Wal Mart Credit Card

Friday, August 17, 2007

Wal Mart MoneyCard. Is It a Real Credit Card Deal?

Everyday new deals appear on the highly competitive credit card market. Recently the well-known network Wal Mart has presented a new credit option for its customers - Wal Mart MoneyCard.

Wal Mart is the most popular network of supercenters, well-known all around the world. There are millions of consumers from many countries shopping in Wal Mart everyday. Wal Mart offers a lot of new options for the customers every season.

This summer Wal Mart offers you its own credit card deal, Moneycard. It is created for those consumers who are not eligible for regular Wal Mart credit cards. You have probably seen their Moneycard advertisement in many places around the city. So let's try to understand what it really is.

The application problem is quite simple. Every time you cash a payment check you are offered a Wal Mart MoneyCard. Your credit score does not matter.

A lot of people are already using Wal Mart MoneyCards. They choose these cards because they are regular Wal Mart customers. Let's analyze the benefits and the drawbacks of this deal.

What will you get when you apply for a Wal Mart MoneyCard?

The first thing you see when you look at the card's advertisement are its benefits. They offer you a traditional credit card deal options: no more cash, worldwide acceptance, ATMs support, internet shopping, and paying for some services. Wal Mart's web resource says that you don't need a credit check or a bank account. Last two options are really useful for people with bad or no credit history.

So what are the drawbacks of the new Wal Mart's offer?

Wal Mart MoneyCard is just like a usual pre-paid card deal, so you should bring in your own money onto it before you can use it. Basically, you are using your own money to pay for your purchases and the fees for this service are quite high.

When your credit balance is low, you can refill it in any Wal Mart store, but you should pay a fee for this: $4.64 every time you want to place money to your account. Talking about ATMs support, you should pay in this case too, $1.65 to get cash and seventy five cents for your balance inquiry. You can also check their official site to know more about their total fees and terms.

So Wal Mart declares that their new offer is a credit card, but it basically works like a debit card.

So what is Wal Mart's point in this question? Are the MoneyCards similar to ordinary credit card deals?

No consumer with good credit history would apply for a Wal Mart MoneyCard, because they can be easily approved for the best credit card deal. Of course, these offers will very popular among people who are not eligible for a good credit card deals. If such person would like to get a credit card Wal Mart MoneyCard is an option.

Share Opinion:
del.icio.us   digg   Furl   YahooMyWeb   Propeller   Reddit   Google
Comments not found
 

If you have something to say, please leave your comments below.

Your Name: *
Your Email:
Your Comment: *
Enter Number from Picture: * number

* - Required Fields Add Comment
[December 05, 2011]

In a time when banks have begun charging monthly debit fees, baby boomers may be able to find discounts based on their age and experience. Our research reveals some of the best checking accounts for consumers over 50 - and the best part is that they`re free!

Comments (0)
[October 12, 2011]

All data shows that the woman entrepreneur is on the rise.This could be because women tend to work well in groups and are great multi-taskers and communicators. In addition to that, women are also making riskier decisions when it comes to financing their businesses, according to a recent survey by PNC Financial Services. These decisions may have an impact on the longevity of these female-run businesses.

Comments (0)
[September 07, 2011]

With the economic upheaval, obtaining a credit card seems a distant dream, especially if you fail to qualify for any credit card application. Nonetheless, turning into an authorized user, i.e. attaching yourself with a good-quality credit customer`s account and the consent to use it, would boost your credit scores swiftly, and jump start your credit history.

Comments (0)
We do our best to maintain the information accurate at CreditCardSpecialist.com. However, all the credit cards information is subject to change and presented without warranty. See the up to date credit card terms and conditions on the secured credit card application page. Note that CreditCardSpecialist.com may be compensated by credit card issuers when visitors apply for a credit card through the links on this website.