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Should I Apply For Capital One QuickSilver?

Valued Member

Re: Should I Apply For Capital One QuickSilver?

Thanks again for all the input.  I went ahead and applied, and was approved with a $3,000 credit limit!  APR is 20.9% after the intro limit, but I doesn't matter because I never carry a balance anyways.  I'm going to ask GE for a CLI as creditaddict suggested and then cool it with the applications.  

Sallie Mae BarclayCard - $3000 (6 Months) | Chase Freedom - $3500 (6 Months)
Capital One Quicksilver - $6000 (9 Months) | Bank of America Better Balance - $5000 (9 Months)
Rooms to Go GECapital - $6600 (9 Months) | Discover IT - $4300 (2+ Years)
Subprime Accounts: 1FBUSA - $5500 (4+ Years) | Capital One Platinum MC - $1250 (4+ Years)
Message 11 of 18
Super Contributor

Re: Should I Apply For Capital One QuickSilver?


CMoney91 wrote:

Thanks again for all the input.  I went ahead and applied, and was approved with a $3,000 credit limit!  APR is 20.9% after the intro limit, but I doesn't matter because I never carry a balance anyways.  I'm going to ask GE for a CLI as creditaddict suggested and then cool it with the applications.  


Awesome!  Congrats!

 

Definitely worth the app, especially with a $100 sign-up to boot.

Message 12 of 18
Contributor

Re: Should I Apply For Capital One QuickSilver?

Credit addict, could u PM me the capital one EO info too? Thanks!!!!
Gardening until 8/10/2014! I love this forum!!!! EX- 687 TU-688 EQ - 680 ...all pulls 12/2013 (myfico)
Ch 7 discharge - 12/11. Discover $6k, DCU $3k, Barclays rewards $3k, Barclays Sallie Mae $3k Sony Visa $2500 Capital One Quicksilver $5 Capital One Venture One $3k, best buy mastercard1000

Message 13 of 18
Valued Member

Re: Should I Apply For Capital One QuickSilver?

Last question (for now anyways):

 

How much should I expect these three recent inquiries to impact my credit score?  Is it going to set off any warning flags to my current credit card companies, and how long will it take for my score to recover? 

Sallie Mae BarclayCard - $3000 (6 Months) | Chase Freedom - $3500 (6 Months)
Capital One Quicksilver - $6000 (9 Months) | Bank of America Better Balance - $5000 (9 Months)
Rooms to Go GECapital - $6600 (9 Months) | Discover IT - $4300 (2+ Years)
Subprime Accounts: 1FBUSA - $5500 (4+ Years) | Capital One Platinum MC - $1250 (4+ Years)
Message 14 of 18
Super Contributor

Re: Should I Apply For Capital One QuickSilver?


CMoney91 wrote:

Last question (for now anyways):

 

How much should I expect these three recent inquiries to impact my credit score?  Is it going to set off any warning flags to my current credit card companies, and how long will it take for my score to recover? 


3 inquiries (1 on each bureau) for your Cap1 card isn't going to affect your credit score much. You probably will see a 5-15 point drop, and that should be it. Your credit score might also get a ding from a brand new account being reported, which lowers your AAoA. Generally your score should bounce back within 3 - 12 months. The timing can vary for individuals. People with thicker files might not even see a noticeable ding to start with, and recover in no time, while people with thinner files might take a little longer to recover.

 

3 inquiries on the same bureau (including your BofA and furniture card) isn't going to set off any warning flags. It usually takes a lot more inquiries than that. Just do not drag high balances on multiple cards for extended periods of time and you shouldn't run into any kind of problems at all.

 

I'm quite interested in this card as well, but 3 inquiries for 1 CapOne card just seems too harsh Smiley Sad

 

JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
Message 15 of 18
Valued Member

Re: Should I Apply For Capital One QuickSilver?

Thanks!  Was a bit concerned with the AAoA since I have doubled my total number of cards, that it will cut my AAoA in half. 

 

Guess this means off to the garden!  Should be very much okay with the cards I have now.

Sallie Mae BarclayCard - $3000 (6 Months) | Chase Freedom - $3500 (6 Months)
Capital One Quicksilver - $6000 (9 Months) | Bank of America Better Balance - $5000 (9 Months)
Rooms to Go GECapital - $6600 (9 Months) | Discover IT - $4300 (2+ Years)
Subprime Accounts: 1FBUSA - $5500 (4+ Years) | Capital One Platinum MC - $1250 (4+ Years)
Message 16 of 18
Established Contributor

Re: Should I Apply For Capital One QuickSilver?

OP congrats on the approval.

 

I will mimic what others have said.  Outside of bonus cashback this is a fantastic card to clean up.  Outside of the Priceline Visa and the FIA Amex this card is now back in my wallet (after the PC <3 EO @ Cap 1) 1.5% on all transactions and no forex.  This is a prime card IMO.

Capital One Quicksilver- $5,400 | Chase Freedom - $8,000 | Chase Freedom Unlimited- $13,000 | Chase Amazon -$5,000 | Priceline Visa -$10,000 | US Bank Cash+ - $18,200 | Fidelity Visa -$10,000 | Sallie Mae- $10,000  | DCU Platinum $12,000 | Discover IT - $10,000 | Amex EveryDay - $25,000  | Amex BlueCash Everyday- $9,800 | Citi DoubleCash - $18,000 | Sapphire Preferred- $13,000 Freedom Unlimited$7,000 Blispay$12,000 | Chase Sapphire Reserve- $18,000 | Consumers Credit Union Visa Sig Cash Rebate$25,000

Message 17 of 18
Highlighted
Moderator Emerita

Re: Should I Apply For Capital One QuickSilver?

I agree with enharu- 3 pulls has always been the main reason Cap 1 is not in my wallet.

Message 18 of 18