topic Re: Clarification on Capital One's QuickSilver and QuickSilver-One cards. in Credit Cards

Clarification on Capital One's QuickSilver and QuickSilver-One cards.

Anonymous — Wed, 10 Jun 2015 23:10:42 GMT

First, I would like to say that these are information I got from Capital One's website and applies mainly for people who are planning to get a credit card from Capital One, not for the folks who have already have an account with Capital One.

Some people are getting the QuickSilver-One (MasterCard) and QuickSilver (Visa) cards mixed up. QuickSilver-One (MasterCard) is for people with bad / fair credit while QuickSilver (Visa) is for people with good / excelllent credit. Even with that said, Capital One's definition of Bad/Fair/Good/Excellent seems to be different from other companies.

From their Rates & Disclosures information section:

QuickSilver-One (MasterCard)

How Do You Determine My Credit Line?

We will determine your credit line after a review of your application and your ability to pay. If your application is approved, the minimum credit line you will receive is $300.

QuickSilver (Visa)

How Do You Determine My Credit Line?

We will determine your credit line after a review of your application and your ability to pay. If your application is approved, the minimum credit line you will receive is $3,000.

If you were approved and had a credit limit less than $3,000; then you had applied for the QuickSilver-One (MasterCard). Credit Steps program offer by Capital One is only available for "Fair Credit" credit cards such as the QuickSilver-One (MasterCard), not for the QuickSilver (Visa). In my opinion, I think that if your initial credit limit is already high enough, for example, $3,000 then you won't get credit steps.

- If you want the QuickSilver (MasterCard), you'll have to get the QuickSilver-One (MasterCard) first. After some time, you can ask for a product change and convert your QuickSilver-One to a QuickSilver. Capital One does not convert MasterCard to Visa and vice versa.

These are just some information I found out in the past few months. If there are information I may have missed, please let me know and I'll add them to the original post. If you think I am wrong with some of the information here, please let me know as well. Thanks.

Re: Clarification on Capital One's QuickSilver and QuickSilver-One cards.

GoldSorata — Wed, 10 Jun 2015 13:10:04 GMT

True but one can product change the QS one to a QS but CapOne won't change from MC to Visa, so you'll end up with a QS MC.

Re: Clarification on Capital One's QuickSilver and QuickSilver-One cards.

Anonymous — Wed, 10 Jun 2015 13:24:21 GMT

@Anonymous wrote:
Some people are getting the QuickSilver-One (MasterCard) and QuickSilver (Visa) cards mixed up. QuickSilver-One (MasterCard) is for people with bad / fair credit while QuickSilver (Visa) is for people with good / excelllent credit.

Minimun credit limit for QuickSilver-One (MasterCard) is $300 and has an annual fee.
Minimun credit limit for QuickSilver (Visa) is $3,000 with no annual fee.

If you were approved and had a credit limit less than $3,000; then you had applied for the QuickSilver-One (MasterCard). Credit Steps program offer by Capital One is only available for "Fair Credit" credit cards such as the QuickSilver-One (MasterCard), not for the QuickSilver (Visa).

- If you want the QuickSilver (MasterCard), you'll have to get the QuickSilver-One (MasterCard) first. After some time, you can ask for a product change and convert your QuickSilver-One to a QuickSilver. Capital One does not convert MasterCard to Visa and vice versa.

These are just some information I found out in the past few months. If there are information I may have missed, please let me know and I'll add them to the original post. If you think I am wrong with some of the information here, please let me know as well. Thanks.

With CAP 1, it is very hard to define what they consider "bad, fair credit, good and excellent credit". For example, you have people people with fair credit getting approved for cards listed that you must have excelelnt credit.

So it is not necessarily a mix up per say. Just the way their computers are set up.

Re: Clarification on Capital One's QuickSilver and QuickSilver-One cards.

IllinoisNative — Wed, 10 Jun 2015 15:20:03 GMT

I don't think that is true.

I started my credit rebuilding journey three years ago with a Secured Cap One card. They solicited me for the Quicksilver Visa card two years later. Not the Quicksliver One MasterCard with an annual fee. My credit line was only $500 and I was in the credit steps program. After my fifth statement cut, I pressed the luv button and was raised to $1500. Then after my sixth statement cut, I received another $500 increase for the credit steps program. I have the Visa no annual fee Quicksilver card.

So credit steps doesn't only apply to the MasterCard and you don't need to have a minimum of $3,000 for the Visa. I don't.

Re: Clarification on Capital One's QuickSilver and QuickSilver-One cards.

Anonymous — Wed, 10 Jun 2015 15:28:27 GMT

That is false.

I did not have good or excellent scores whatsoever. I applied for the regular qs, instant approval with $1,000 liimit, and guaranteed increase to $1,500 after 5 timely payments from credit steps. My card does NOT say qs one, it is a Visa. No annual fee. And...I grew tired of waiting for the 6 month mark, hit luv button, instant $2,000 increase to $3,000.

Folks...if you are applying and are scared, then apply for multiple capital one products at once....right?

Re: Clarification on Capital One's QuickSilver and QuickSilver-One cards.

jsucool76 — Wed, 10 Jun 2015 15:42:13 GMT

Saying anything is definite with credit cards is just false. I have a quicksilver mastercard that was NEVER a quicksilver one, never had an annual fee, and WAS at one point enrolled in credit steps.

Re: Clarification on Capital One's QuickSilver and QuickSilver-One cards.

ronstar7 — Wed, 10 Jun 2015 15:43:39 GMT

@Anonymous wrote:
Some people are getting the QuickSilver-One (MasterCard) and QuickSilver (Visa) cards mixed up. QuickSilver-One (MasterCard) is for people with bad / fair credit while QuickSilver (Visa) is for people with good / excelllent credit.

Minimun credit limit for QuickSilver-One (MasterCard) is $300 and has an annual fee.
Minimun credit limit for QuickSilver (Visa) is $3,000 with no annual fee.

If you were approved and had a credit limit less than $3,000; then you had applied for the QuickSilver-One (MasterCard). Credit Steps program offer by Capital One is only available for "Fair Credit" credit cards such as the QuickSilver-One (MasterCard), not for the QuickSilver (Visa).

- If you want the QuickSilver (MasterCard), you'll have to get the QuickSilver-One (MasterCard) first. After some time, you can ask for a product change and convert your QuickSilver-One to a QuickSilver. Capital One does not convert MasterCard to Visa and vice versa.

These are just some information I found out in the past few months. If there are information I may have missed, please let me know and I'll add them to the original post. If you think I am wrong with some of the information here, please let me know as well. Thanks.

Hello,

My credit is far from good and I have the Mastercard with no annual fee. And mine is definitely the Quciksilver not the Quicksilver One. This has been verified via capital one several times so I guess its a ymmv kinda thing.

Re: Clarification on Capital One's QuickSilver and QuickSilver-One cards.

kenspi67 — Wed, 10 Jun 2015 16:21:59 GMT

Thanks .. clears up a few things .. currentlly on month 2 of Quicksilver One .. Hit luv button yesterday for shats n giggles .. still not response .. we shall see ..

Re: Clarification on Capital One's QuickSilver and QuickSilver-One cards.

Anonymous — Wed, 10 Jun 2015 16:32:46 GMT

Great information!!!!, but capital one is umpredictable, you never know exactly what you are really getting, untill you are aprproved

Re: Clarification on Capital One's QuickSilver and QuickSilver-One cards.

DeeBee78 — Wed, 10 Jun 2015 16:48:55 GMT

I appreciate the post, but I think saying anything is definite with Capital One is a bad idea.

I can't get a PC from a QS1 to a QS based on the limit on my card, yet people get QS' with lower limits than I have on my QS1. No rhyme or reason to Capital1's thought process.

Re: Clarification on Capital One's QuickSilver and QuickSilver-One cards.

Anonymous — Wed, 10 Jun 2015 21:45:33 GMT

I was also a Cap 1 Platinum customer who was invited to PC up to the QS, which remained a Mastercard. I was denied for the QS Visa, which I really, really wanted.

Re: Clarification on Capital One's QuickSilver and QuickSilver-One cards.

Anonymous — Wed, 10 Jun 2015 22:08:07 GMT

May be a dumb ? but what's the luv button?

Re: Clarification on Capital One's QuickSilver and QuickSilver-One cards.

GoldSorata — Wed, 10 Jun 2015 22:50:06 GMT

@Anonymous wrote:
May be a dumb ? but what's the luv button?

The button or form one fills out to request a credit limit increase

Re: Clarification on Capital One's QuickSilver and QuickSilver-One cards.

Anonymous — Wed, 10 Jun 2015 23:23:32 GMT

@Anonymous wrote:
May be a dumb ? but what's the luv button?

It's just people's way of asking for a credit limit increase. Usually there's options / links online when you signed into your account to request a credit line increase. Before the request is finish, you have to submit it. The "SUBMIT" button is the luv button.

Re: Clarification on Capital One's QuickSilver and QuickSilver-One cards.

Anonymous — Wed, 10 Jun 2015 23:03:27 GMT

This is from their "Rates and Disclosures." I will add this to the first post as well.

QuickSilver (Visa)

How Do You Determine My Credit Line?

We will determine your credit line after a review of your application and your ability to pay. If your application is approved, the minimum credit line you will receive is $3,000.

QuickSilver-One (MasterCard)

How Do You Determine My Credit Line?

We will determine your credit line after a review of your application and your ability to pay. If your application is approved, the minimum credit line you will receive is $300.

Re: Clarification on Capital One's QuickSilver and QuickSilver-One cards.

Anonymous — Wed, 10 Jun 2015 23:04:41 GMT

What were your scores at the time?

Re: Clarification on Capital One's QuickSilver and QuickSilver-One cards.

Anonymous — Wed, 10 Jun 2015 23:21:39 GMT

@DeeBee78 wrote:
I appreciate the post, but I think saying anything is definite with Capital One is a bad idea.

I can't get a PC from a QS1 to a QS based on the limit on my card, yet people get QS' with lower limits than I have on my QS1. No rhyme or reason to Capital1's thought process.

you are right. there's so many things that capital one may say, but a lot of what they say doesn't seem to be true. maybe they just go out of their way to help and gain new customers?

Re: Clarification on Capital One's QuickSilver and QuickSilver-One cards.

Anonymous — Wed, 10 Jun 2015 23:26:28 GMT

@IllinoisNative wrote:
I don't think that is true.

I started my credit rebuilding journey three years ago with a Secured Cap One card. They solicited me for the Quicksilver Visa card two years later. Not the Quicksliver One MasterCard with an annual fee. My credit line was only $500 and I was in the credit steps program. After my fifth statement cut, I pressed the luv button and was raised to $1500. Then after my sixth statement cut, I received another $500 increase for the credit steps program. I have the Visa no annual fee Quicksilver card.

So credit steps doesn't only apply to the MasterCard and you don't need to have a minimum of $3,000 for the Visa. I don't.

I'm thinking the new limits must have been something new that capital one has just recently started.

Re: Clarification on Capital One's QuickSilver and QuickSilver-One cards.

Anonymous — Wed, 10 Jun 2015 23:30:21 GMT

@Anonymous wrote:
That is false.

I did not have good or excellent scores whatsoever. I applied for the regular qs, instant approval with $1,000 liimit, and guaranteed increase to $1,500 after 5 timely payments from credit steps. My card does NOT say qs one, it is a Visa. No annual fee. And...I grew tired of waiting for the 6 month mark, hit luv button, instant $2,000 increase to $3,000.

Folks...if you are applying and are scared, then apply for multiple capital one products at once....right?

How long ago was this when you applied? I'm assuming that the credit steps may have only been for people with low initail credit limit such as below $3000. Reason is because a friend of mine apply for the quicksilver visa and her limit was $3000 and she didn't get the credit steps program. This was only about 4 months ago. maybe capital one's term have changed this year?

Re: Clarification on Capital One's QuickSilver and QuickSilver-One cards.

Anonymous — Thu, 11 Jun 2015 01:18:50 GMT

@DeeBee78 wrote:
I appreciate the post, but I think saying anything is definite with Capital One is a bad idea.

I can't get a PC from a QS1 to a QS based on the limit on my card, yet people get QS' with lower limits than I have on my QS1. No rhyme or reason to Capital1's thought process.

True. My roommate has a QS Visa that started at a $300 limit. I have a QS1 MC that started at $500. YMMV.