topic Re: 1st Unsecured Card! Cap 1 Quicksilver in Credit Card Approvals

1st Unsecured Card! Cap 1 Quicksilver

Anonymous — Tue, 22 Jun 2021 01:28:46 GMT

Just thought I'd share my success story. Was playing around on Cap 1's pre approval, and it came back with the QS, QS 1 and Secured. I read on reddit to always go for QS and not QS1 if you can, so I decided to apply...Approved!!!

Got approved for a $3000 limit. This is my first unsecured card in...I honestly don't even know how long, haven't had one since I graduated 6 years ago as I've never had a need for one, and my credit was always in the bin so could never get approved.

The APR is trash, but that doesn't bother me as I'll basically use it as a charge card. I have two secured cards through Navy Federal....would ya'll suggest keeping those two at zero and use the Cap 1?

Either way I'm excited!!

Re: 1st Unsecured Card! Cap 1 Quicksilver

babygirl1256 — Tue, 22 Jun 2021 01:55:05 GMT

Congrats on your CapOne Quicksilver approval.

Re: 1st Unsecured Card! Cap 1 Quicksilver

MrDFinance — Tue, 22 Jun 2021 02:00:03 GMT

Congrats on the approval

Re: 1st Unsecured Card! Cap 1 Quicksilver

Horseshoez — Tue, 22 Jun 2021 02:00:29 GMT

@Anonymous, one of the adages you'll see around here from time-to-time is Finances>FICO; basically, do what makes financial sense first, then do what helps your FICO scores second.

SImilar to you I have a card from PenFed and a Quicksilver card from CapOne; when I'm paying for something which will trigger a cash-back reward higher than the 1.5% offered from the QS, then I pay with the card which has the highest reward; if none of my cards offer 1.5% or better for the purchase in question, then I pay with the QS card.

Re: 1st Unsecured Card! Cap 1 Quicksilver

CreditAggie — Tue, 22 Jun 2021 02:02:54 GMT

Congratulations on your Capital One Quicksilver approval!

Re: 1st Unsecured Card! Cap 1 Quicksilver

Yasselife — Tue, 22 Jun 2021 02:14:37 GMT

Congratulations. I like Capital One, and the app is simple and friendly to use. I rebuilt my credit with them, she's a keeper.

Re: 1st Unsecured Card! Cap 1 Quicksilver

KingRue8500 — Tue, 22 Jun 2021 02:17:56 GMT

Congrats on your Capital One Quicksilver approval

Re: 1st Unsecured Card! Cap 1 Quicksilver

AverageJoesCredit — Tue, 22 Jun 2021 02:31:59 GMT

@Anonymous wrote:
Just thought I'd share my success story. Was playing around on Cap 1's pre approval, and it came back with the QS, QS 1 and Secured. I read on reddit to always go for QS and not QS1 if you can, so I decided to apply...Approved!!!

Got approved for a $3000 limit. This is my first unsecured card in...I honestly don't even know how long, haven't had one since I graduated 6 years ago as I've never had a need for one, and my credit was always in the bin so could never get approved.

The APR is trash, but that doesn't bother me as I'll basically use it as a charge card. I have two secured cards through Navy Federal....would ya'll suggest keeping those two at zero and use the Cap 1?

Either way I'm excited!!

Very nice limit, most people get low limits. By chance why 2 secured Navy cards? You only need one to establish credit lol.

Re: 1st Unsecured Card! Cap 1 Quicksilver

Anonymous — Tue, 22 Jun 2021 02:44:13 GMT

@AverageJoesCredit wrote:
@Anonymous wrote:
Just thought I'd share my success story. Was playing around on Cap 1's pre approval, and it came back with the QS, QS 1 and Secured. I read on reddit to always go for QS and not QS1 if you can, so I decided to apply...Approved!!!

Got approved for a $3000 limit. This is my first unsecured card in...I honestly don't even know how long, haven't had one since I graduated 6 years ago as I've never had a need for one, and my credit was always in the bin so could never get approved.

The APR is trash, but that doesn't bother me as I'll basically use it as a charge card. I have two secured cards through Navy Federal....would ya'll suggest keeping those two at zero and use the Cap 1?

Either way I'm excited!!
Very nice limit, most people get low limits. By chance why 2 secured Navy cards? You only need one to establish credit lol.

Two reasons. 1- I've always known that three CC are better to have, as proven by this board and its teachings. However it was the only secured card I could get approved for. Discover, BOA, local CU and even Cap 1 always denied me for them (when I say my credit was in the bin, it was deep in there.). Even sub-prime like Credit One denied me. So about 8 months ago I decided to open a smaller secured card with Navy Fed.

2- I hoped it would get me a better relationship with them in hopes of getting approved for their cash rewards card. I'd already successfully finished two SSL with them, so was trying to leverage that with them hopefully one day.

Re: 1st Unsecured Card! Cap 1 Quicksilver

Total80sKid — Tue, 22 Jun 2021 07:23:08 GMT

Congrats on your Cap One QS approval 👍🏼

Re: 1st Unsecured Card! Cap 1 Quicksilver

gdale6 — Tue, 22 Jun 2021 14:05:19 GMT

Sweet, grats on your new 3K QS card

Re: 1st Unsecured Card! Cap 1 Quicksilver

GrandBay — Tue, 22 Jun 2021 16:21:27 GMT

@Anonymous CONGRATS on your successes!

Re: 1st Unsecured Card! Cap 1 Quicksilver

Anonymous — Tue, 22 Jun 2021 17:05:53 GMT

Congrats on your QS and progress.

Re: 1st Unsecured Card! Cap 1 Quicksilver

coreyb80 — Tue, 22 Jun 2021 18:22:16 GMT

Congrats on the approval!

Re: 1st Unsecured Card! Cap 1 Quicksilver

Mr_Mojo_Risin — Tue, 22 Jun 2021 23:18:56 GMT

Wow, that's some great news for you.

Big congrats on the 1st unsecured card, enjoy it!

Re: 1st Unsecured Card! Cap 1 Quicksilver

USMC_Winger — Wed, 23 Jun 2021 03:36:46 GMT

@Anonymous wrote:
Just thought I'd share my success story. Was playing around on Cap 1's pre approval, and it came back with the QS, QS 1 and Secured. I read on reddit to always go for QS and not QS1 if you can, so I decided to apply...Approved!!!

Got approved for a $3000 limit. This is my first unsecured card in...I honestly don't even know how long, haven't had one since I graduated 6 years ago as I've never had a need for one, and my credit was always in the bin so could never get approved.

The APR is trash, but that doesn't bother me as I'll basically use it as a charge card. I have two secured cards through Navy Federal....would ya'll suggest keeping those two at zero and use the Cap 1?

Either way I'm excited!!

Congrats on the new unsecured QS CC!

Use the QS enough to make sure you earn the SUB in the first 3 months, but don't ignore the 2 Navy Fed nRewards CCs completely, because you want those to graduate and, even though each one only earns 1% while it's the nRewards card, after your secure nRewards cards graduate to the cashRewards cards, the balance of points will convert to 1.5% cash back. If you can wait until graduation, you'll get 50% more cash back.

Re: 1st Unsecured Card! Cap 1 Quicksilver

Anonymous — Wed, 23 Jun 2021 05:20:39 GMT

@USMC_Winger wrote:
@Anonymous wrote:
Just thought I'd share my success story. Was playing around on Cap 1's pre approval, and it came back with the QS, QS 1 and Secured. I read on reddit to always go for QS and not QS1 if you can, so I decided to apply...Approved!!!

Got approved for a $3000 limit. This is my first unsecured card in...I honestly don't even know how long, haven't had one since I graduated 6 years ago as I've never had a need for one, and my credit was always in the bin so could never get approved.

The APR is trash, but that doesn't bother me as I'll basically use it as a charge card. I have two secured cards through Navy Federal....would ya'll suggest keeping those two at zero and use the Cap 1?

Either way I'm excited!!
Congrats on the new unsecured QS CC!

Use the QS enough to make sure you earn the SUB in the first 3 months, but don't ignore the 2 Navy Fed nRewards CCs completely, because you want those to graduate and, even though each one only earns 1% while it's the nRewards card, after your secure nRewards cards graduate to the cashRewards cards, the balance of points will convert to 1.5% cash back. If you can wait until graduation, you'll get 50% more cash back.

I didn't plan on ignoring them at all. I planned on using them like I do now and just making sure they're both at $0 by statement date and letting the QS report 3%.

would that work in my favor?

Re: 1st Unsecured Card! Cap 1 Quicksilver

USMC_Winger — Wed, 23 Jun 2021 06:03:44 GMT

@Anonymous wrote:
@USMC_Winger wrote:
@Anonymous wrote:
Just thought I'd share my success story. Was playing around on Cap 1's pre approval, and it came back with the QS, QS 1 and Secured. I read on reddit to always go for QS and not QS1 if you can, so I decided to apply...Approved!!!

Got approved for a $3000 limit. This is my first unsecured card in...I honestly don't even know how long, haven't had one since I graduated 6 years ago as I've never had a need for one, and my credit was always in the bin so could never get approved.

The APR is trash, but that doesn't bother me as I'll basically use it as a charge card. I have two secured cards through Navy Federal....would ya'll suggest keeping those two at zero and use the Cap 1?

Either way I'm excited!!
Congrats on the new unsecured QS CC!

Use the QS enough to make sure you earn the SUB in the first 3 months, but don't ignore the 2 Navy Fed nRewards CCs completely, because you want those to graduate and, even though each one only earns 1% while it's the nRewards card, after your secure nRewards cards graduate to the cashRewards cards, the balance of points will convert to 1.5% cash back. If you can wait until graduation, you'll get 50% more cash back.
I didn't plan on ignoring them at all. I planned on using them like I do now and just making sure they're both at $0 by statement date and letting the QS report 3%.

would that work in my favor?

Yes.