topic Re: Quicksilver Cash Advance limit in Credit Card Approvals

Quicksilver Cash Advance limit

taxi818 — Sun, 10 May 2015 23:37:36 GMT

Hello all. well i finally got cli yesterday on my quicksilver. after a couple weeks ago denied. because of low payments. i paid the thing down from 50 percent usage and they gave me increase of 2k. but i noticed. that the cash advance limit is off the chart. is this normal with cap one? i mean it is over 50 percent. mostly my cash limit is about 20 percent. i also noticed on the Venture the cash limit is 50 percent. but this is in fact over 60.

Re: Quicksilver Cash Advance limit

chalupaman — Sun, 10 May 2015 02:15:48 GMT

@taxi818 wrote:
Hello all. well i finally got cli yesterday on my quicksilver. after a couple weeks ago denied. because of low payments. i paid the thing down from 50 percent usage and they gave me increase of 2k. but i noticed. that the cash advance limit is off the chart. is this normal with cap one? i mean it is over 50 percent. mostly my cash limit is about 20 percent. i also noticed on the Venture the cash limit is 50 percent. but this is in fact over 60.

I always thought that was normal for CapOne to have these sorts of high cash advance limits.

Re: Quicksilver Cash Advance limit

Booboo71 — Sun, 10 May 2015 02:16:00 GMT

I have a Sony card with a 1750 credit line and my cash advance amount is 1150 or 1175. So they are generous on that.

Re: Quicksilver Cash Advance limit

Anonymous — Sun, 10 May 2015 02:50:49 GMT

I have a small 1300 no fee QS which has a 1300 cash advance limit. I thought it was odd, though I'll never it.

Re: Quicksilver Cash Advance limit

Anonymous — Sun, 10 May 2015 03:01:47 GMT

On paper it says that my cash advance limit is 200 but I have been able to get up to my credit limit in advances. My credit limit is only 400. But capital one is all about making money.

Re: Quicksilver Cash Advance limit

Anonymous — Sun, 10 May 2015 05:44:15 GMT

Mine is 750 right now limit at 1.5k

Re: Quicksilver Cash Advance limit

Anonymous — Sun, 10 May 2015 08:09:53 GMT

DH's QS and Venture cards have a $5k cash advance. My qs1 only has a $500 cash advance (CL is $3k)

Re: Quicksilver Cash Advance limit

taxi818 — Sun, 10 May 2015 11:48:04 GMT

I think I'm gonna test the pain threshold on cash advance. Say take 500 out. I' know there is no grace. But I'm just assuming at 24.9 percent apr. If my math correct. Comes to $125 dollars a year in interest no could be wrong. I'm gonna find interest calculator.

Re: Quicksilver Cash Advance limit

Anonymous — Sun, 10 May 2015 15:04:28 GMT

Approximately yes. Find your daily compound rate.

Re: Quicksilver Cash Advance limit

taxi818 — Sun, 10 May 2015 16:12:57 GMT

@Anonymous wrote:
Approximately yes. Find your daily compound rate.

Thanks. nixon. but i realized its actually less as you pay balance down. the rate is less. so more like 90 dollars on 500. in a year.

Re: Quicksilver Cash Advance limit

Anonymous — Sun, 10 May 2015 19:02:51 GMT

Mine is $1500 on a $4K limit. Here's an interest tidbit: My Merrick cash advance limit was the same as the credit line at $2500.

Re: Quicksilver Cash Advance limit

coldnmn — Sun, 10 May 2015 19:09:43 GMT

This post got me curious so I checked my statement. Mine is $4k on a CL of $4.5k.

Re: Quicksilver Cash Advance limit

taxi818 — Sun, 10 May 2015 19:14:16 GMT

It's strange that cap one will buck the system . Almost every bank gives about 20 percent. Well my dinersclub is 100 percent f limit. But cap one still continues to amaze me. Thus is awesome in case of emergency.

Re: Quicksilver Cash Advance limit

Anonymous — Sun, 10 May 2015 19:15:33 GMT

$150 on CL $1300.

ps. it was initially $150 on CL $300. CL is increased, but the cash limit is not.

Re: Quicksilver Cash Advance limit

coldnmn — Sun, 10 May 2015 19:19:30 GMT

@Anonymous wrote:
$150 on CL $1300.
ps. it was initially $150 on CL $300. CL is increased, but the cash limit is not.

Mine started at $300 CL also. I couldn't hardly believe it was that high. It would have to be a real emergency to even consider using it though.

Re: Quicksilver Cash Advance limit

Anonymous — Sun, 10 May 2015 19:23:06 GMT

My QS cash limit is the same as the CL, but my QS1 has a cash limit of $250, which was 50% of the initial CL. Maybe after the credit steps adjustment the cash limit will increase.

Re: Quicksilver Cash Advance limit

Anonymous — Sun, 10 May 2015 19:49:37 GMT

This post got me to check mine as I've never looked at it before. Out of my $3,300 limit on my Journey card, $3,150 is available for cash advance. That's pretty cool.

Re: Quicksilver Cash Advance limit

Gunnar419 — Sun, 10 May 2015 20:45:28 GMT

Perfectly normal. My QS started out with a 50% cash advance CL then jumped to 100% of CL. I haven't checked where it is lately, but CapOne is like that.

Re: Quicksilver Cash Advance limit

CreditCuriosity — Sun, 10 May 2015 21:12:57 GMT

Although they give you a big CA limit, not the best to use it at that interest rate .. Unless worse comes to worse. One of my Cap1's is 3500 or 4500 and other I am not sure about as it is a garbage 2k limit that is going to be axed monday.

Re: Quicksilver Cash Advance limit

taxi818 — Sun, 10 May 2015 23:39:14 GMT

@CreditCuriousity wrote:
Although they give you a big CA limit, not the best to use it at that interest rate .. Unless worse comes to worse. One of my Cap1's is 3500 or 4500 and other I am not sure about as it is a garbage 2k limit that is going to be axed monday.

Before you Axe it. at least see if the rumors of cap one combining limits will be true. you earned that limit. if it has no AF. maybe you can combine it in a couple of months. i hope that rumor is true.