Credit Cards Center Credit cards from our partners
Reply
Member
Posts: 9
Registered: ‎05-17-2017
0

Upgraded to Capital One QuickSilver

So tonight I upgraded my Cap1 Platinum to the Quicksilver. I already have a Quicksilver 1. I initially requested a chat to see if I could upgrade my Quicksilver 1 but there were no offers available. I opened another chat to get a reason why my Platinum card was being denied CLI for about a year now. I kept getting the response " we are evaluating activities at assigned credit line". The rep told me to try again for another increase in a few days. I didn't see what would change. My accounts have never been late, in fact I pay them a few days beforehand. I asked if I could upgrade my card. I personally felt like there was a stigma attached to the Platinum card because it's for rebuilding credit. Almost like I was at my max. There was an upgrade available to the quicksilver but it kept my credit line the same. The rep told me I could apply for a CLI In a few days. I was wondering if my approval odds are better now? Again I have never been late since opening my acct over a year ago on both my cards with capital one. I pay more than the minimum as well.
Established Member
Posts: 48
Registered: ‎04-09-2017
0

Re: Upgraded to Capital One QuickSilver

I always get that response as well (" we are evaluating activities at assigned credit line"), and it's so frustrating. My only speculation is that they want you to spend a ton even if you utilization is high. I like Cap 1, but I've been stuck at 5000.00 for two years now... One of my first cards, hell Chase gave me a 3000.00 increase for the hell of it, I didn't ask. 

Established Contributor
Posts: 700
Registered: ‎03-22-2016
0

Re: Upgraded to Capital One QuickSilver

Once Cap1 decides they dont like your TL, forget it. I have an 11 year old never late Visa Plat card with no problems STUCK at a $1750 CL. Their Creditwise TU score they give me is 790. I only reason i keep the account open is for the account age



3/16 EX 644 CK-TU 642 CK-EQ 660 WalMart- 671. One baddie left falls off starting 11/17.
>6/17 CCT EX 732 TU 725 EQ 710
Established Contributor
Posts: 862
Registered: ‎06-23-2010
0

Re: Upgraded to Capital One QuickSilver

It's important to understand the product from Capital One that you have in your wallet.  If you have a rebuilder card, or their easier card to get such as the Platinum Card or the QuickSilver One card, then those credit limits will NOT grow that high.  These cards are great for rebuilding, but once you've done that, then it's time to ditch the cards for ones that offer better opportunity for growth.

 

The cards that offer opportunity for growth are the ones lised on Capital One's site as being for Excellent credit.  If you've had a subprime card for an extend period of time, you can see if capital one will allow you to upgrade that card to one of their prime cards, or a card with rewards.  Use the link below to check the eligibility of your current cards to be upgraded.

 

https://verified.capitalone.com/sic-ui/#/esignin?Product=Card&Action=ProductUpgrade 

 

One thing to keep in mind though is that the QuickSilver card is NOT the same as the QuickSilver ONE card.  The QS ONE is easier to get, and more of a sub-prime card that can see some of the credit line limitations as cards like the Platinum card.  A regular QuickSilver (without the ONE, and without the annual fee) is a prime card.

 

Hopefully this provides some clarity on why some of the cards people have with Capital One do not grow, even though you've had them for extended periods of time.


Starting Score: Eq: 662 Tu: 532 (03/02/2011) CH7BK 01/12/2009 Discharge
Current Score: Eq: 712 (02/03/2017) Tu: 717 (04/03/2013)
Goal Score: Eq: 760 Tu: 760

Wallet: PenFed Power Cash 10k | AMEX Blue Cash (AU) 49.5k | Cap One QSMC 26.5k | AMEX Platinum NPSL | LFCU Visa 11k
Member
Posts: 6
Registered: ‎05-02-2017
0

Re: Upgraded to Capital One QuickSilver

Could you tell us a bit about your credit back ground. I had a 680 credit score got a cap card for $4500 and withen a year had it at $9000. Also every 2 months the send me a balance transfer check for 18 monts 0% apr. 3% fee. I haven't used them yet but I could get a loan of $5000 for a one time fee of $150 and pay only $300 a month. Pretty nice.

New Member
Posts: 8
Registered: ‎05-12-2017
0

Re: Upgraded to Capital One QuickSilver

Combine your quicksilver and quicksilver 1. Automatic increase that way lol
Established Member
Posts: 16
Registered: ‎10-28-2016
0

Re: Upgraded to Capital One QuickSilver

[ Edited ]

I have had the QS One for almost a year now. They did a CLI for 1500 @ 5-6 months. I had totally forgotten about the yearly fee until this thread. Got on the phone and they happily changed my One to the QS, no questions. My score has dramatically increased in the past year though-- I'm pretty sure I started out sub-600s, maybe low 600s and now I'm going between high 600s to low 700s depending on UTL. Not sure that had anything to do with it or not.

New Contributor
Posts: 93
Registered: ‎03-27-2013
0

Re: Upgraded to Capital One QuickSilver

Off topic but if you listen to Spotify and have a Quicksilver card, you can get half off Premium through April 2018 if you pay with your QS. https://www.spotify.com/us/capitalone/ 

Highlighted
Established Member
Posts: 16
Registered: ‎10-28-2016
0

Re: Upgraded to Capital One QuickSilver

Awesome! Thanks for that nugget, I will change mine now.

New Contributor
Posts: 68
Registered: ‎08-15-2016
0

Re: Upgraded to Capital One QuickSilver

I upgraded my Venture One to Quicksilver to earn 1.5% cash back. Earning miles takes forever so forget miles rewards. Cash rewards is a better choice 😂

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.