Should I accept?
I applied yesterday and got approved for a $7k limit at 17.49%. I only applied because my credit score has improved significantly in the last year or so and I was wanting to maybe open a new card to extend my overall amount of available credit so my credit score will grow. My credit score currently ranges from 760-774 depending on the model, and my income is around $50-$58k annually.
I currently have an American Express blue cash preferred card with a $17,700 limit, a capital one quicksilver with a $9,600 limit, a Best Buy card (I financed a kitchen set through them last year) with a $12,500 limit, and I’m an authorized user on a capital one venture card with a $11,100 limit. I recently financed a new car in January and took out a $6k loan with 7% APR last month, as well as opened my Best Buy credit card back in August of 2025, so I do have a few hard inquiries/new accounts on my credit report.
I use my credit cards regularly and keep my statement balances low (over the last few months, each card has been less than 10% utilization rate except for my Best Buy bc it was for something I financed, but last month I got down to 28% utilization, so my current avg. utilization rate is less than 10%). And then I pay each statement balance off in full. I have never missed a payment on any of my cards or current/previous loans.
My question though, should I accept this offer or should I try to get a different card with better perks? I doubt I’ll get an offer from another card with an opening balance as high as this offer so that’s why I’m thinking of taking this. But if anyone has any advice on another card that I should get instead or if I should just leave it alone, I would love to hear. TIA!