topic Re: QUICK SILVER ONE PROS AND CONS in Credit Cards

QUICK SILVER ONE PROS AND CONS

tbea1004 — Sun, 05 Jul 2015 19:05:21 GMT

Can someone fill me in on the pros and cons on the QS1? I was just approved yesterday for 1k. When I recieve the card I want to ask for a CLI. Is this a good card to have?

Re: QUICK SILVER ONE PROS AND CONS

kdm31091 — Sun, 05 Jul 2015 19:13:58 GMT

@tbea1004 wrote:
Can someone fill me in on the pros and cons on the QS1? I was just approved yesterday for 1k. When I recieve the card I want to ask for a CLI. Is this a good card to have?

Sorry to burst your bubble a bit but Capital One isn't really known for "recieve card and recon initial limit" type of things. They generally run conservative especially with new accounts. (except for the Venture card for whatever reason, where they seem to trend towards high limits)

You're going to have to just use it responsibly for probably 6 months and then ask for a CLI. Nothing happens overnight. You have to be patient.

As for the card itself, I love my Quicksilver. You have the QS1 so there is the small annual fee, but it's still a good rewards card for general spend and no hassle posting of rewards. Redemption is also a piece of cake with no minimums.

I don't know how long it has to remain open but after awhile you can try to PC to the normal Quicksilver and/or get your fee removed. Again, this is after showing several months, maybe a year, of history. Prove to them you are a risk-free, reliable customer and you will be rewarded. Asking for a CLI now is likely a complete waste of time.

Re: QUICK SILVER ONE PROS AND CONS

Anonymous — Sun, 05 Jul 2015 19:17:24 GMT

Not to be harsh, but in addition to what KDM stated, it is always best to know whether the card is good for you before applying for it based on your spending habits instead of applying and then asking if this is a "good card"...

Re: QUICK SILVER ONE PROS AND CONS

taxi818 — Sun, 05 Jul 2015 19:18:26 GMT

@kdm31091 wrote:
@tbea1004 wrote:
Can someone fill me in on the pros and cons on the QS1? I was just approved yesterday for 1k. When I recieve the card I want to ask for a CLI. Is this a good card to have?
Sorry to burst your bubble a bit but Capital One isn't really known for "recieve card and recon initial limit" type of things. They generally run conservative especially with new accounts. (except for the Venture card for whatever reason, where they seem to trend towards high limits)

You're going to have to just use it responsibly for probably 6 months and then ask for a CLI. Nothing happens overnight. You have to be patient.

As for the card itself, I love my Quicksilver. You have the QS1 so there is the small annual fee, but it's still a good rewards card for general spend and no hassle posting of rewards. Redemption is also a piece of cake with no minimums.

I don't know how long it has to remain open but after awhile you can try to PC to the normal Quicksilver and/or get your fee removed. Again, this is after showing several months, maybe a year, of history. Prove to them you are a risk-free, reliable customer and you will be rewarded. Asking for a CLI now is likely a complete waste of time.

+1 once you get out of credit steps then you will be on your way with capital one. getting better cards. 6 months. use it a lot. and they will show some luv.

Re: QUICK SILVER ONE PROS AND CONS

jamesdwi — Sun, 05 Jul 2015 19:21:15 GMT

@tbea1004 wrote:
Can someone fill me in on the pros and cons on the QS1? I was just approved yesterday for 1k. When I recieve the card I want to ask for a CLI. Is this a good card to have?

hopefully its part of the credit steps program, make your first 6 payments and they should grow the CL by 50%, use the hell out of it, max it out, PIF, and they may give you a bigger CLI, if you have an AF, ask for it to be waived after the first year of good use, after that you can reach out to EO and possibly have it removed permanent.

Decent rewards, decent company. in time you will can apply for a Venture card. Tripple pull sucks, but over all its not bad.

Re: QUICK SILVER ONE PROS AND CONS

UncleB — Sun, 05 Jul 2015 21:05:03 GMT

@tbea1004 wrote:
Can someone fill me in on the pros and cons on the QS1? I was just approved yesterday for 1k. When I recieve the card I want to ask for a CLI. Is this a good card to have?

Both the QuickSilver One and the QuickSilver are great cards... I have both.

The only difference between the two is the QS1 has an annual fee, and the QS does not. Of course, the QS1 is always issued as a MasterCard, while the QS is always issued (as a new account) as Visa, but a QS1 Mastercard *can* with time be product changed into a no-annual fee QS Mastercard. (To the best of my knowledge, you'll never see a QS1 Visa).

I've never heard of anybody getting a CLI immediately out of the gate, but with my QS Visa I was able to get a significant CLI four months after I got the card using the CLI button. It is only a SP, so there's no harm in trying. Keep in mind that if you are offered a CLI and accept, you are (generally) not able to get another one using the button for around six months. Knowing this many folks will decline the CLI if it's really low, opting to try again in a few weeks for a larger one, but YMMV.

Enjoy your 1.5% cash back... it adds up fast!

Re: QUICK SILVER ONE PROS AND CONS

bengalikejenga — Sun, 05 Jul 2015 21:32:58 GMT

@kdm31091 wrote:
@tbea1004 wrote:
Can someone fill me in on the pros and cons on the QS1? I was just approved yesterday for 1k. When I recieve the card I want to ask for a CLI. Is this a good card to have?
Sorry to burst your bubble a bit but Capital One isn't really known for "recieve card and recon initial limit" type of things. They generally run conservative especially with new accounts. (except for the Venture card for whatever reason, where they seem to trend towards high limits)

You're going to have to just use it responsibly for probably 6 months and then ask for a CLI. Nothing happens overnight. You have to be patient.

As for the card itself, I love my Quicksilver. You have the QS1 so there is the small annual fee, but it's still a good rewards card for general spend and no hassle posting of rewards. Redemption is also a piece of cake with no minimums.

I don't know how long it has to remain open but after awhile you can try to PC to the normal Quicksilver and/or get your fee removed. Again, this is after showing several months, maybe a year, of history. Prove to them you are a risk-free, reliable customer and you will be rewarded. Asking for a CLI now is likely a complete waste of time.

+1 to everything KDM wrote

Re: QUICK SILVER ONE PROS AND CONS

Anonymous — Mon, 06 Jul 2015 02:46:04 GMT

only con about quicksilver one is annual fee, but you can ask them to PC it to regular quicksilver card in couple months.

Re: QUICK SILVER ONE PROS AND CONS

Anonymous — Mon, 06 Jul 2015 03:51:19 GMT

Capital one does not give cli by calling. You are stuck with what you have for at least 3 months. That is one I got my first cli via luv button.

Re: QUICK SILVER ONE PROS AND CONS

Anonymous — Mon, 06 Jul 2015 04:21:39 GMT

This is simply not true! You are misinformed. I just got approved for a quicksilver one for a measly $500. I called and reconed the limit as soon as it came in the mail. I spoke with the EO who confirmed it should have been higher. They upped the limit to $1000 PLUS I am in credit steps, lol. I love Capital 1.

Re: QUICK SILVER ONE PROS AND CONS

Anonymous — Mon, 06 Jul 2015 04:35:06 GMT

Plus they got rid of my annual fee.

Re: QUICK SILVER ONE PROS AND CONS

JamP — Tue, 07 Jul 2015 01:40:57 GMT

Only con as stated above is Annual fee. But they will eat the annual fee if you email or call Cap1 EO.

Also you can pc the card to the QS once your credit line hits 3k or 5k through EO.

Re: QUICK SILVER ONE PROS AND CONS

Anonymous — Tue, 07 Jul 2015 02:32:13 GMT

I've had the QS1 for a little over a year now and I've been very happy with it. I made some mistakes in the past, and had a pretty shoddy score, but they took me on and started me out with a $300 limit. I was supposed to get Credit Steps'd to $500 after 5 months, but they shocked me when they bumped me up to $2300.

As others have said, the only downside is the annual fee.

@JamP wrote:
Only con as stated above is Annual fee. But they will eat the annual fee if you email or call Cap1 EO.

Also you can pc the card to the QS once your credit line hits 3k or 5k through EO.

Are you sure you have to be at a $3000+ limit to get a PC to regular QS? I'll have my Freedom card paid off around October-November time (still well within intro APR) and I was thinking of asking for a CLI and PC to regular QS around that time. At that time, I'll have had the card for about 1 1/2 years and it will have been PIF every month for about 6 months.

Re: QUICK SILVER ONE PROS AND CONS

Anonymous — Tue, 07 Jul 2015 02:32:39 GMT

@Anonymous wrote:
Plus they got rid of my annual fee.

Well I called to do both those very things just yesterday and was denied denied denied and I have a higher credit score than you so I dont know what gives.

Re: QUICK SILVER ONE PROS AND CONS

Anonymous — Tue, 07 Jul 2015 02:35:15 GMT

@Anonymous wrote:
@Anonymous wrote:
Plus they got rid of my annual fee.
Well I called to do both those very things just yesterday and was denied denied denied and I have a higher credit score than you so I dont know what gives.

is it a quicksilver one that you applied at capital one? or was it from a different bank and bought by capital one?

Re: QUICK SILVER ONE PROS AND CONS

Anonymous — Tue, 07 Jul 2015 02:51:28 GMT

@tbea1004 wrote:
Can someone fill me in on the pros and cons on the QS1? I was just approved yesterday for 1k. When I recieve the card I want to ask for a CLI. Is this a good card to have?

Pro? It isn't Credit One. Con. It still has an annual fee. CLI's come with spend and responsible use.

Re: QUICK SILVER ONE PROS AND CONS

sjt — Tue, 07 Jul 2015 20:52:22 GMT

I think Cap 1 is a good card and the QS1 is good value.

My co-worker got the card with a $3K limit last month and she just requested and was approved to the regular QS card. Not sure if it will be the World Card or not. She is going to wait another month before requesting a CL increase.

Re: QUICK SILVER ONE PROS AND CONS

JamP — Tue, 07 Jul 2015 22:25:08 GMT

@Anonymous wrote:
I've had the QS1 for a little over a year now and I've been very happy with it. I made some mistakes in the past, and had a pretty shoddy score, but they took me on and started me out with a $300 limit. I was supposed to get Credit Steps'd to $500 after 5 months, but they shocked me when they bumped me up to $2300.

As others have said, the only downside is the annual fee.

@JamP wrote:
Only con as stated above is Annual fee. But they will eat the annual fee if you email or call Cap1 EO.

Also you can pc the card to the QS once your credit line hits 3k or 5k through EO.

Are you sure you have to be at a $3000+ limit to get a PC to regular QS? I'll have my Freedom card paid off around October-November time (still well within intro APR) and I was thinking of asking for a CLI and PC to regular QS around that time. At that time, I'll have had the card for about 1 1/2 years and it will have been PIF every month for about 6 months.

I will report as soon as I find out. I just requested my QS1 to become a QS with no annual fee.

I was told two different things when I asked about what the credit line had to be to PC it to QS, 3k from one person and 5k from another person, both from EO.

Re: QUICK SILVER ONE PROS AND CONS

sjt — Tue, 07 Jul 2015 22:38:43 GMT

The minimum credit line for a Quicksilver Card is $3K. $5K is the minimum for the Visa Signature version of the Quicksilver Card. That is the required minimum set by Visa for a Signature Card product.

Re: QUICK SILVER ONE PROS AND CONS

tbea1004 — Tue, 07 Jul 2015 22:53:11 GMT

@sjt wrote:
The minimum credit line for a Quicksilver Card is $3K. $5K is the minimum for the Visa Signature version of the Quicksilver Card. That is the required minimum set by Visa for a Signature Card product.

So if I PC my Cap1 platinum card to a Quicksilver will they up my limit to $3k or will they deny me?