Wal-Mart: Now Available on Credit!
Wal-Mart is poised to start offering their own credit cards, as told by this BuisnessWeek article. From a business point of view, this is a very smart move.
Remember who started Discover? It was Sears. Their credit card company kept them afloat when people weren’t shopping at Sears. They likely would’ve gone under had they not had revenue from Discover to help them along.
What about the consumer? Just one more piece of plastic to fatten your wallet. You’re looking at rates of around 25% to use this card. Let the unwise spend their money foolishly.
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Shan is the author and founder of The Apostle of the Turtle.
I thought Wal-Mart had been doing this for years? I distinctly remember being asked to apply for a WM credit card a time or two when I actually used to give that monstrosity my business.
I believe their current cards can be used in-store only and their new cards can be used anywhere.