I believe the GM Buypower card from Capital One is a WEMC with no annual fee. The 5% rewards on all purchases is awesome but only on the first $5000 each year, which sucks. The ultimate limitation, of course, is that you can only spend rewards on purchasing a GM vehicle. For some, that's great, for others that makes it useless.
If you want WEMC benefits (whatever those may be) and no AF, then that's an option.
@happypill wrote:I believe the GM Buypower card from Capital One is a WEMC with no annual fee. The 5% rewards on all purchases is awesome but only on the first $5000 each year, which sucks. The ultimate limitation, of course, is that you can only spend rewards on purchasing a GM vehicle. For some, that's great, for others that makes it useless.
If you want WEMC benefits (whatever those may be) and no AF, then that's an option.
What I find interesting is that the Saks Fitth Avenue WEMC is also issued by CapOne. Also no AF.
So in my further efforts to boost Capital One, it becomes not only the CCC that will allow you to get your first real credit card, but also the CCC where you can get your first real, no AF WEMC, x2. Who says Capital One doesn't grow with you?
@Anonymous wrote:
@NRB525 wrote:
@happypill wrote:I believe the GM Buypower card from Capital One is a WEMC with no annual fee. The 5% rewards on all purchases is awesome but only on the first $5000 each year, which sucks. The ultimate limitation, of course, is that you can only spend rewards on purchasing a GM vehicle. For some, that's great, for others that makes it useless.
If you want WEMC benefits (whatever those may be) and no AF, then that's an option.
What I find interesting is that the Saks Fitth Avenue WEMC is also issued by CapOne. Also no AF.
So in my further efforts to boost Capital One, it becomes not only the CCC that will allow you to get your first real credit card, but also the CCC where you can get your first real, no AF WEMC, x2. Who says Capital One doesn't grow with you?
If you applied while subprime. Don't expect your old accounts to grow.
A secured card won't grow to WEMC, yes, but those who say they are "done wiith crapone" are probably not aware of the higher end products. Given the 19% - 21% APR on the Saks WEMC, it qualifies as a sub-prime WEMC anyway 
@NRB525 wrote:
@Anonymous wrote:
@NRB525 wrote:
@happypill wrote:I believe the GM Buypower card from Capital One is a WEMC with no annual fee. The 5% rewards on all purchases is awesome but only on the first $5000 each year, which sucks. The ultimate limitation, of course, is that you can only spend rewards on purchasing a GM vehicle. For some, that's great, for others that makes it useless.
If you want WEMC benefits (whatever those may be) and no AF, then that's an option.
What I find interesting is that the Saks Fitth Avenue WEMC is also issued by CapOne. Also no AF.
So in my further efforts to boost Capital One, it becomes not only the CCC that will allow you to get your first real credit card, but also the CCC where you can get your first real, no AF WEMC, x2. Who says Capital One doesn't grow with you?
If you applied while subprime. Don't expect your old accounts to grow.
A secured card won't grow to WEMC, yes, but those who say they are "done wiith crapone" are probably not aware of the higher end products. Given the 19% - 21% APR on the Saks WEMC, it qualifies as a sub-prime WEMC anyway
It's taken 3+ years for me to get a QS WMC out of what was originally a Platinum Prestige.
However my QS Visa is stuck with it's last CLI and seemingly won't grow from there.
I guess the question is what people mean by "grow with you". If they mean, can you grow a $200 secured card to a $25k WEMC sometime down the road, the answer is probably no. However, in my experience I do think you can grow by applying for other cards and qualify based on the relationship you have with them.
Going back 24 month, I had exactly 1 CC, a very old Cap1 business with $500 limit and an unusual story. Around 18 months ago I added a secured card with $200 limit. About 6 months ago, I applied for a Quicksilver One and was approved for $3k - well above what other lenders would have considered me for. I then got a CLI to $1500 on old business card. Most recently, just this month I applied for a Venture and was approved instantly online for $5k limit, again I believe much higher than what other lenders would consider me for. My final moves have been to converto the QS1 to the QS, and just last week cancelled the secured card.
So, I wouldn't expect that a secured line would ever grow to a high limt, high rewards card, but I do believe that Cap1 will look beyond your credit report to your history with them and grow your relationship with them accordingly.
@happypill wrote:So, I wouldn't expect that a secured line would ever grow to a high limt, high rewards card, but I do believe that Cap1 will look beyond your credit report to your history with them and grow your relationship with them accordingly.
Not with Capital One.
Perhaps if you go down to their EO building with a set of pliers and a couple of big guys to hold down an analyst while you go to town. 
A little reading will reveal just how much of a headache it is to get Capital One to acknowledge your achievements and "relationship"
@Anonymous wrote:
@happypill wrote:So, I wouldn't expect that a secured line would ever grow to a high limt, high rewards card, but I do believe that Cap1 will look beyond your credit report to your history with them and grow your relationship with them accordingly.
Not with Capital One.
Perhaps if you go down to their EO building with a set of pliers and a couple of big guys to hold down an analyst while you go to town.
A little reading will reveal just how much of a headache it is to get Capital One to acknowledge your achievements and "relationship"
Nix - now ... now ... now, remember not too much honesty 