If your account is eligibe, yes you can. I wanted to change my QS1 to a no fee QS and my account was eligible for it or I could change it to a Venture One. I opted for the Venture One.
@Anonymous wrote:I had two platinum MC's from Cap One that were upgraded to QS with no annual fee. I also have a QS1. Can I upgrade it to a Venture? Not sure if I can upgrade it to another QS card.
You should be able to, just make sure the math works out before doing so.
The Venture has a $59 AF, so you'll need to spend $12k on that one card each year for the rewards to exceed the cash back you'll get with a no-AF Quicksilver. I'll also add that there's no scenario where PC'ing to a no-AF Venture One will yield greater rewards than a Quicksilver.
- Venture: $12k x 2% = $240 - $59 AF = $181
- Quicksilver: $12k x 1.5% = $180
- Venture One: $12k x 1.25% = $150
If you're interested in a Venture, I would just apply for it... that way at least you'll have a chance to get the $400 sign-up bonus, plus they waive the AF the first year. 