topic Re: Better card for rebuilding? Capital one platinum or capital one quicksilver one? in Credit Cards

Better card for rebuilding? Capital one platinum or capital one quicksilver one?

Anonymous — Mon, 22 Jul 2019 13:39:37 GMT

Which is better: Cap 1 a platinum or Cap 1QS?
DH has a CC with our CU and a Wayfair card. We are trying to add a third revolving credit to help with optimizing his score. He has a car loan with Santander as well so he has the installment loan already.

He is prequalified for both the Capital One Platinum card unsecured and the Capital One QuicksilverOne Cash Rewards Credit Card. Which is the better option. I like the cash back rewards with the QS but the Platinum has no annual fee and offers a potential CLI after 5 months.

End game goal is home mortgage by end of 2020.

Re: Better card for rebuilding? Capital one platinum or capital one quicksilver one?

pinkandgrey — Mon, 22 Jul 2019 13:44:56 GMT

Personally I think the Plat is better. That’s where a lot of people start. As you said, there’s no AF, which is a huge plus. Here’s the way I see it: with Cap One, a starter card is almost always going to have a low SL and most likely won’t ever grow for you, so I’d rather have the no-AF one. Starter cards are meant to build your credit so you can get a better/rewards card in the FUTURE. I wouldn’t be looking for high rewards with a builder card.

Good luck!

Re: Better card for rebuilding? Capital one platinum or capital one quicksilver one?

FireMedic1 — Mon, 22 Jul 2019 13:56:53 GMT

You can upgrade to the regular QS and get the same 1.5% cash back after around 3 statements. The QS1 is near impossible to do an upgrade. Go with the Plat. That's where I started out of BK. Good Luck!

Re: Better card for rebuilding? Capital one platinum or capital one quicksilver one?

AverageJoesCredit — Mon, 22 Jul 2019 14:54:06 GMT

With a Pink and Grey Fire Medic, you can't go wrong

Re: Which is better: Cap 1 a platinum or Cap 1QS?

Brian_Earl_Spilner — Mon, 22 Jul 2019 15:31:42 GMT

The qs1 is notoriously hard to PC later, while you can PC the platinum in as little as 3-4 months to a normal qs with no AF. That's what I did for my platinum.

Re: Which is better: Cap 1 a platinum or Cap 1QS?

Brian_Earl_Spilner — Mon, 22 Jul 2019 15:32:24 GMT

I should also note that my wife chose to PC her platinum to a venture1

Re: Better card for rebuilding? Capital one platinum or capital one quicksilver one?

Anonymous — Mon, 22 Jul 2019 15:45:54 GMT

The QS1 is a big trap. They're the hardest to PC to another card later to get out of the AF. Avoid that one at all costs.

Re: Better card for rebuilding? Capital one platinum or capital one quicksilver one?

FireMedic1 — Mon, 22 Jul 2019 16:50:42 GMT

@AverageJoesCredit wrote:
With a Pink and Grey Fire Medic, you can't go wrong

Yep. There are such trucks in pink!

Re: Better card for rebuilding? Capital one platinum or capital one quicksilver one?

FireMedic1 — Mon, 22 Jul 2019 16:52:20 GMT

@Anonymous wrote:
The QS1 is a big trap. They're the hardest to PC to another card later to get out of the AF. Avoid that one at all costs.

You remember what I call the QS1. The BRICK!

Re: Better card for rebuilding? Capital one platinum or capital one quicksilver one?

pinkandgrey — Mon, 22 Jul 2019 16:54:59 GMT

@FireMedic1 wrote:
@AverageJoesCredit wrote:
With a Pink and Grey Fire Medic, you can't go wrong
Yep. There are such trucks in pink!

😮😮😮

Re: Better card for rebuilding? Capital one platinum or capital one quicksilver one?

Anonymous — Mon, 22 Jul 2019 16:59:30 GMT

@FireMedic1 wrote:
@Anonymous wrote:
The QS1 is a big trap. They're the hardest to PC to another card later to get out of the AF. Avoid that one at all costs.
You remember what I call the QS1. The BRICK!

If I had made the mistake of getting a QS1, my opinion of Capital One would undoubtedly be much lower than it is now. The card is an awful trap and is totally meant to take advantage of subprime customers who don't know better. Capital One could do a lot for their image if they got rid of that card imo

Re: Better card for rebuilding? Capital one platinum or capital one quicksilver one?

FinStar — Mon, 22 Jul 2019 17:06:06 GMT

Hi @Anonymous, welcome to the forums.

I have merged the other thread that you started on this same topic into this one. Please do not cross-post or start multiple threads on basically the same subject. It is confusing to other members trying to assist you and is against forum rules. Thank you for your understanding and cooperation.

Re: Better card for rebuilding? Capital one platinum or capital one quicksilver one?

Anonymous — Mon, 22 Jul 2019 19:01:34 GMT

@finnstar

Sorry! Very New here and learning how it all works. Thanks for the assist. Won’t happen again!

Re: Better card for rebuilding? Capital one platinum or capital one quicksilver one?

coreysw12 — Mon, 22 Jul 2019 21:56:39 GMT

Another vote here for Platinum.

Based on the description of what your goals are with this card, it doesn't sound like credit card rewards should be a priority for you right now. Keep in mind that you'll have to charge $2,600 on the card, every year, just to break even on the annual fee. Meanwhile, that $2,600/yr ($216/mo) spending requirement runs counter to what your primary goal is with this card - which is building credit. With that goal in mind, you should really only be using this card minimally each month to ensure you can always pay it off every month.

Not to mention, if the card gets approved for a low spending limit, then spending a minimum of $216 per month on it often involves the hassle of making multiple payments on it every month to avoid maxing it out.

Re: Better card for rebuilding? Capital one platinum or capital one quicksilver one?

AverageJoesCredit — Mon, 22 Jul 2019 21:31:52 GMT

@FireMedic1 wrote:
@AverageJoesCredit wrote:
With a Pink and Grey Fire Medic, you can't go wrong
Yep. There are such trucks in pink!

Double Kudos good Sir!. Now if that thing only had 3 CARDS....🤗

Re: Better card for rebuilding? Capital one platinum or capital one quicksilver one?

Anonymous — Mon, 22 Jul 2019 21:34:05 GMT

@AverageJoesCredit wrote:
@FireMedic1 wrote:
@AverageJoesCredit wrote:
With a Pink and Grey Fire Medic, you can't go wrong
Yep. There are such trucks in pink!
Double Kudos good Sir!. Now if that thing only had 3 CARDS....🤗

Re: Better card for rebuilding? Capital one platinum or capital one quicksilver one?

M_Smart007 — Mon, 22 Jul 2019 23:05:43 GMT

@FireMedic1 wrote:
@AverageJoesCredit wrote:
With a Pink and Grey Fire Medic, you can't go wrong
Yep. There are such trucks in pink!

Cancer Awareness pink!