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Interesting development, re. recently-received Cap1 BuyPower WEMC card...

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galahad15
Valued Contributor

Re: Interesting development, re. recently-received Cap1 BuyPower WEMC card...


@Anonymous wrote:

I don't want to be intrusive but how much are you planning on spending that it can't be spread on other cards?  I don't think applying for another card is the smartest move here to be honest with you.

 

Your current limit on the buy power card is $5,000.  CAP 1 is known to be stingy when it comes to limit on that card.  So applying for a 2nd card with lower CL or if you are lucky another $5,000 CL won't make much of a difference.

 

Another thing you should consider is your AAoA should you get a new card.  So based on the amount, find a way to spread it on your old cards instead of getting another card.


Not 100% sure exactly how much total spend, but I am looking at at least a few couple $1k, since I am currently in the process of selling/moving residences, as well as receiving professional counsel atm on a law-related matter.  So I was hoping to be able to pay some of these expenses over time, on a promo offer, rather than paying large amounts of interest up-front on them.

 

Thank you for your helpful thoughts though.  I think you've raised some very excellent points, and that applying for the new BuyPower card could possibly have more downsides than upsides -- and so I most likely will not app for it, but rather shred the new pre-qual offer.


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