topic Re: Capital One Quicksilver Approval in Credit Card Approvals

Capital One Quicksilver Approval

GrabbedByTheGhoulies — Tue, 13 Oct 2020 08:37:15 GMT

I was just approved for a Capital One Quicksilver with $1000 limit. I'm really surprised because I've burned them in the past. (I was an idiot and was using credit to spend money I didn't have. I'm no longer an idiot.) My Experian FICO 8 is currently 668, which I think is a good recovery after having 7 accounts sent to collections.

I was also approved for an Apple Card a few months ago. They started me out with a $500 limit that I just got increased to $750. (Is that a decent % increase for a first CLI?) I love it because I'm a huge Apple nerd (I still use a Newton MessagePad and have a Macintosh SE on my desk that's as old as I am), but I've been looking to open another card to decrease my overall utilization, and also be a backup card with better cash back than the Apple Card's 1% on non-Apple Pay purchases. Was Quicksilver a good choice? I want to eventually get my foot in the door with American Express, but I'd like my report to show many more months of responsible usage first.

I'm just really excited to be trusted with credit again. I won't screw it up this time!

Re: Capital One Quicksilver Approval

M_Smart007 — Tue, 13 Oct 2020 08:56:54 GMT

@GrabbedByTheGhoulies, Welcome to the forum & Congratulations!

Re: Capital One Quicksilver Approval

TSlop — Tue, 13 Oct 2020 11:41:34 GMT

Congrats on your approval!

Re: Capital One Quicksilver Approval

Ficoproblems247 — Tue, 13 Oct 2020 12:47:00 GMT

Cap1 gets some smack talk around here, but let me say that I think they're a great lender if you know what to expect, and don't get your hopes up that they're going to necessarily treat you like royalty. With a 1K limit, that card probably is actually not bucketed, meaning that after this pandemic is over and Cap1 starts giving out normal CLIs again, it will likely be able to grow with heavy use. There are other, better rewards cards out there, but their app/website is great, their cash back redeeming methods is IMO one of the absolute best in the industry, and you're not paying an AF. I think you scored a great card that will be a solid tool in helping you build your scores and profile for years to come! BTW, my Mac SE was the "SE 20" version with the internal 20MB HD. I too collect vintage macs. That model came out 3 years after I was born

Re: Capital One Quicksilver Approval

coreyb80 — Tue, 13 Oct 2020 13:13:21 GMT

Congrats on the approval!

Re: Capital One Quicksilver Approval

Anonymous — Tue, 13 Oct 2020 13:23:24 GMT

Congratulations on your cap 1 approval!

Re: Capital One Quicksilver Approval

MartyWrite75 — Tue, 13 Oct 2020 14:23:17 GMT

Congratulations on your approval!

Re: Capital One Quicksilver Approval

GrabbedByTheGhoulies — Tue, 13 Oct 2020 14:24:23 GMT

@Ficoproblems247 wrote:
I think you scored a great card that will be a solid tool in helping you build your scores and profile for years to come!

That's great! Thanks for all the info! I'm glad to hear that my card probably isn't bucketed. And Capital One's cash back sounded really promising and easy to redeem, so I'm excited to see how that works.

@Ficoproblems247 wrote:
BTW, my Mac SE was the "SE 20" version with the internal 20MB HD. I too collect vintage macs. That model came out 3 years after I was born

Wow! Very cool! My collection is pretty modest. After the SE, my favorite is my iMac G4. What a crazy, futuristic design that was!

Re: Capital One Quicksilver Approval

Anonymous — Tue, 13 Oct 2020 14:28:59 GMT

Re: Capital One Quicksilver Approval

Slabenstein — Tue, 13 Oct 2020 14:42:18 GMT

Grtz on your new QS! I think it's a very good card for where you're at, esp. since it's the no-AF version. In this lending environment, you're probably not looking at prime cards yet with scores in that range, so a 1.5% base cash back is great. There are 2 and 3% cards out there, but 1.5 is kind of the industry standard now. If you're interested in Amex, I'd grow 6+ more mo's of payment history on your two cards and then start occassionally checking the Amex prequal page so you know when they're comfortable enough w/ your profile to start giving you solid offers.

Re: Capital One Quicksilver Approval

GrabbedByTheGhoulies — Tue, 13 Oct 2020 15:01:23 GMT

@Slabenstein wrote:
If you're interested in Amex, I'd grow 6+ more mo's of payment history on your two cards and then start occassionally checking the Amex prequal page so you know when they're comfortable enough w/ your profile to start giving you solid offers.

Thanks! I will do that for sure!

Re: Capital One Quicksilver Approval

AllZero — Tue, 13 Oct 2020 15:49:47 GMT

Congratulations on your approval and CLI!

Re: Capital One Quicksilver Approval

gdale6 — Tue, 13 Oct 2020 15:53:55 GMT

Grats on getting back in the door! Cap-1 is forgiving their stated poliicy is 1 yr post previous CO.

Re: Capital One Quicksilver Approval

CYBERSAM — Tue, 13 Oct 2020 16:14:22 GMT

Congrats on the approval! 🤑

Re: Capital One Quicksilver Approval

CreditAggie — Tue, 13 Oct 2020 19:39:12 GMT

Congratulations on your Capital One Quicksilver approval!

Re: Capital One Quicksilver Approval

CreditAggie — Tue, 13 Oct 2020 19:45:19 GMT

@GrabbedByTheGhoulies wrote:
I was just approved for a Capital One Quicksilver with $1000 limit. I'm really surprised because I've burned them in the past. (I was an idiot and was using credit to spend money I didn't have. I'm no longer an idiot.) My Experian FICO 8 is currently 668, which I think is a good recovery after having 7 accounts sent to collections.

I was also approved for an Apple Card a few months ago. They started me out with a $500 limit that I just got increased to $750. (Is that a decent % increase for a first CLI?) I love it because I'm a huge Apple nerd (I still use a Newton MessagePad and have a Macintosh SE on my desk that's as old as I am), but I've been looking to open another card to decrease my overall utilization, and also be a backup card with better cash back than the Apple Card's 1% on non-Apple Pay purchases. Was Quicksilver a good choice? I want to eventually get my foot in the door with American Express, but I'd like my report to show many more months of responsible usage first.

I'm just really excited to be trusted with credit again. I won't screw it up this time!

You are off to a great start on your Apple Card! I started with a $250 limit as my first credit card and it grew over time with consistent spend and SP CLIs. I just got a CLI from $1000 to $3000 and am planning to buy a new iPhone soon.

Re: Capital One Quicksilver Approval

cashorcharge — Tue, 13 Oct 2020 21:20:07 GMT

Great news on both of your approvals! Congratulations!

Re: Capital One Quicksilver Approval

Conceptual23 — Tue, 13 Oct 2020 23:16:31 GMT

Congratulations on the approval. I've been with them for a number of years without issues.

Re: Capital One Quicksilver Approval

GrabbedByTheGhoulies — Wed, 14 Oct 2020 01:45:55 GMT

@CreditAggie wrote:
You are off to a great start on your Apple Card! I started with a $250 limit as my first credit card and it grew over time with consistent spend and SP CLIs. I just got a CLI from $1000 to $3000 and am planning to buy a new iPhone soon.

Congrats on your CLI(s)! Did any of the new phone announcements in particular today interest you? I was planning on waiting another year, but the iPhone 12 mini does look pretty nice.

Re: Capital One Quicksilver Approval

CreditAggie — Wed, 14 Oct 2020 02:10:30 GMT

@GrabbedByTheGhoulies wrote:
@CreditAggie wrote:
You are off to a great start on your Apple Card! I started with a $250 limit as my first credit card and it grew over time with consistent spend and SP CLIs. I just got a CLI from $1000 to $3000 and am planning to buy a new iPhone soon.
Congrats on your CLI(s)! Did any of the new phone announcements in particular today interest you? I was planning on waiting another year, but the iPhone 12 mini does look pretty nice.

The 12 mini is definitely a very interesting phone and I know some people who would like the size of it. I'm looking to upgrade my X to the 12 Pro.