topic Re: Cap1 Quicksilver Vs Quicksilver 1? in Credit Cards

Cap1 Quicksilver Vs Quicksilver 1?

SSPA87 — Tue, 03 May 2016 02:43:57 GMT

I just prequal for Cap 1 Quicksilver & Quicksilver 1. I jumped on the Quicksilver 1 since it offered 1.5% Cashback where the Quicksilver did not. But now I'm reading that the QS1 is sub-prime? Should I call tomorrow and try to switch it to the QS?

Re: Cap1 Quicksilver Vs Quicksilver 1?

ddemari — Tue, 03 May 2016 02:56:24 GMT

Quick silvers are basically the same card expect quick silver visa has lower apr's available, and no annual fee. They both offer 1.5% cash back. Qs1 is a rebuilder card while QS is more of a prime card, although their credit standards are not hard to loop yourself into. They won't change the application but you should be able to get the annual fee wavied after 6-12 months of history with them.

Re: Cap1 Quicksilver Vs Quicksilver 1?

Anonymous — Tue, 03 May 2016 02:56:38 GMT

The QS1 is a sub prime card. It's for building your credit. And also comes with an annual fee.

QS1 offers 1.5 with no fee. Yes. I would try calling for the qs

Re: Cap1 Quicksilver Vs Quicksilver 1?

Anonymous — Tue, 03 May 2016 02:58:46 GMT

@SSPA87 wrote:
I just prequal for Cap 1 Quicksilver & Quicksilver 1. I jumped on the Quicksilver 1 since it offered 1.5% Cashback where the Quicksilver did not. But now I'm reading that the QS1 is sub-prime? Should I call tomorrow and try to switch it to the QS?

Both Quicksilver & Quicksilver One have 1.5% cash back. The Quicksilver One has an annual fee, whereas the regular Quicksilver does not. So the regular Quicksilver is a better card.

Re: Cap1 Quicksilver Vs Quicksilver 1?

SSPA87 — Tue, 03 May 2016 03:05:10 GMT

Thanks everyone! Just has slight panic. *scampering back to the garden*

Re: Cap1 Quicksilver Vs Quicksilver 1?

Anonymous — Tue, 03 May 2016 03:12:21 GMT

@SSPA87 wrote:
I just prequal for Cap 1 Quicksilver & Quicksilver 1. I jumped on the Quicksilver 1 since it offered 1.5% Cashback where the Quicksilver did not. But now I'm reading that the QS1 is sub-prime? Should I call tomorrow and try to switch it to the QS?

there must have been some kind of misunderstanding... the quicksilver and quicksilver one both offer 1.5%

Re: Cap1 Quicksilver Vs Quicksilver 1?

_NERD — Tue, 03 May 2016 07:02:46 GMT

@ddemari Super Contributor:

I've had my QS1 for about 10 months. The QS1 can have the AF waived?

Re: Cap1 Quicksilver Vs Quicksilver 1?

UncleB — Tue, 03 May 2016 07:24:10 GMT

Before I was eligible for an "upgrade" to a QS I had my AF completely waived once, and half of the fee waived twice. My AF was $79.

To get the complete waiver I had to deal with retentions (I told them I wanted to close the account) but the other two times they offered the half-waiver up front, and I didn't feel like going through the motions of closing it to get the complete waiver so I accepted.

A few people on here have managed to get a 'permanent' waiver while the account remains a QS1; I think I've only seen that twice, though. This arrangement is arguably as good as getting upgraded to a QS.

Re: Cap1 Quicksilver Vs Quicksilver 1?

_NERD — Tue, 03 May 2016 08:08:08 GMT

Uncle B, you are carpet bombing the forum with solid info tonight. Thanks so much.

I got the AF waived last year a few days after opening the account. I thought I had applied for a no AF card, but this was before I had started participating in the forum. I'll give that another shot tonight.

Re: Cap1 Quicksilver Vs Quicksilver 1?

UncleB — Tue, 03 May 2016 08:18:34 GMT

They generally can't do a waiver until the AF is showing up on the statement (at least they couldn't for me), but you can try for a PC anytime.

Keep in mind that I was told "no" over and over (the last time in December) before being told "yes" in February, so don't get discouraged if you don't get it right away. If they don't give it to you now if it were me I would try back monthly (I was actually encouraged to do this once in a chat).

*There is an exception with the permanent waiver... since it's 'permanent' you shouldn't have to wait until the AF is actually billed, but again I've only read of a couple of folks who were able to get that, and I believe one of those went through the EO. I would personally consider 'permanent' waivers an exception to the norm.

Re: Cap1 Quicksilver Vs Quicksilver 1?

_NERD — Tue, 03 May 2016 13:44:18 GMT

I started a chat with them around the time you replied. Shot down for the AF waived. July something is when I get billed the "membership fee" for the year. Shot down for PC again, try again in a few weeks. I made it all the way to an account specialist.

I'll try again in a couple weeks for a PC via chat. Maybe EO for permanent AF waiver. Then I won't mind if I ever PC.

Re: Cap1 Quicksilver Vs Quicksilver 1?

Anonymous — Tue, 03 May 2016 21:28:31 GMT

After viewing this thread, I didn't notice that my QS-1 card had an annual fee. Pretty bad on my part. This card is pretty much my daily driver. Started with a $300 Credit Limit, and up to $4.3k at the moment.

I called in inquiring about it, and they did indeed confirm that there was a fee involved. I mentioned paying off the account, and closing it. The represantive quickly said "no need, we can get the fee permanntely waived for you" ( she mentioned "we really wouldn't want to lose you" ). After basically re-reading the same terms as before, my QS-1 Card no longer has a annual fee.

Re: Cap1 Quicksilver Vs Quicksilver 1?

UncleB — Tue, 03 May 2016 21:52:39 GMT

@Anonymous wrote:
After viewing this thread, I didn't notice that my QS-1 card had an annual fee. Pretty bad on my part. This card is pretty much my daily driver. Started with a $300 Credit Limit, and up to $4.3k at the moment.

I called in inquiring about it, and they did indeed confirm that there was a fee involved. I mentioned paying off the account, and closing it. The represantive quickly said "no need, we can get the fee permanntely waived for you" ( she mentioned "we really wouldn't want to lose you" ). After basically re-reading the same terms as before, my QS-1 Card no longer has a annual fee.

It's great to hear you got that AF taken care of!

Do you know if they permanently waived your fee, or did you get upgraded to a QS? If you were upgraded they'll send you a new card (same account number, but with "Quicksilver" instead of "Quicksilver One"). Either way is really the same outcome, I just seldom hear of a perma-waiver.

Again, congrats!

Re: Cap1 Quicksilver Vs Quicksilver 1?

UncleB — Tue, 03 May 2016 21:55:42 GMT

@_NERD wrote:
I started a chat with them around the time you replied. Shot down for the AF waived. July something is when I get billed the "membership fee" for the year. Shot down for PC again, try again in a few weeks. I made it all the way to an account specialist.

I'll try again in a couple weeks for a PC via chat. Maybe EO for permanent AF waiver. Then I won't mind if I ever PC.

Don't give up, _NERD!

Just keep trying via chat... it can be elusive for some (like myself) but in the end it was worth the wait - I now have a no-AF card with lots of history and good rewards. I'll also add that if they haven't given you a PC by the time your AF hits in July you can ask for a waiver then... even if they only waive half that's still better than nothing, and it gives you another whole year to work on it!

Hang in there!

Re: Cap1 Quicksilver Vs Quicksilver 1?

Anonymous — Tue, 03 May 2016 21:57:36 GMT

[quote]

I'm assuming it's an "upgrade" then. They are sending me a new card, same account number, still master card, etc.

I did this just in time too, as my AF was coming up next month!

Re: Cap1 Quicksilver Vs Quicksilver 1?

SunriseEarth — Tue, 03 May 2016 22:31:42 GMT

@Anonymous wrote:
After viewing this thread, I didn't notice that my QS-1 card had an annual fee. Pretty bad on my part. This card is pretty much my daily driver. Started with a $300 Credit Limit, and up to $4.3k at the moment.

I called in inquiring about it, and they did indeed confirm that there was a fee involved. I mentioned paying off the account, and closing it. The represantive quickly said "no need, we can get the fee permanntely waived for you" ( she mentioned "we really wouldn't want to lose you" ). After basically re-reading the same terms as before, my QS-1 Card no longer has a annual fee.

Sounds like they upgraded you to QS. When you PC the QS1, you retain the account number and it is still MC.

Re: Cap1 Quicksilver Vs Quicksilver 1?

Anonymous — Tue, 03 May 2016 23:10:32 GMT

Quicksilver 1 is way sub-prime. You should have gone with the Quicksilver Visa Sig. At best the Quicksilver 1 can be upgraded to a World Mastercard once you establish a higher limit and history.

Re: Cap1 Quicksilver Vs Quicksilver 1?

SSPA87 — Tue, 03 May 2016 23:19:02 GMT

@Anonymous wrote:
Quicksilver 1 is way sub-prime. You should have gone with the Quicksilver Visa Sig. At best the Quicksilver 1 can be upgraded to a World Mastercard once you establish a higher limit and history.

I was mistaken in my late Night stupor. .. it was Platinum or QS1. I'll take the QS1 over the Platinum for the 1.5% cashback. Probably should have just waited until my scores went up a bit more & apped for Discover but it is what it is at this point! Already got the HP so I'll deal with the card for a bit I guess!

Re: Cap1 Quicksilver Vs Quicksilver 1?

UncleB — Tue, 03 May 2016 23:27:54 GMT

@SSPA87 wrote:
@Anonymous wrote:
Quicksilver 1 is way sub-prime. You should have gone with the Quicksilver Visa Sig. At best the Quicksilver 1 can be upgraded to a World Mastercard once you establish a higher limit and history.
I was mistaken in my late Night stupor. .. it was Platinum or QS1. I'll take the QS1 over the Platinum for the 1.5% cashback. Probably should have just waited until my scores went up a bit more & apped for Discover but it is what it is at this point! Already got the HP so I'll deal with the card for a bit I guess!

IMO, you can do much, much worse than a QS1. It's not on-par with Discover, but it's not meant to be - it's for folks who are just starting off or rebuilding, and in time it can usually be upgraded to a no-AF QS.

Re: Cap1 Quicksilver Vs Quicksilver 1?

Anonymous — Tue, 03 May 2016 23:35:27 GMT

^^^+1

My QS1 started at $3k, is now at an $8.5k no annual fee QS WMC. It's grown nicely in just 9 months. These cards can really grow nicely, which is awesome. There are way, way worse out there branded for rebuilding.