topic Re: Quicksilver for my brother? in Credit Cards

Quicksilver for my brother?

Anonymous — Fri, 28 Mar 2014 11:03:40 GMT

Hi all, it's been a while since I've been here. First of all I've got to tell you guys about my credit adventures because people in real life don't care!

I'm closing on my first house early next month!

I just requested a CLI on my Navy Fed Cash Rewards and was approved for a bump from $25,000 to $50,000.

I also applied for the AmEx SPG and was approved for $25,000

I'm excited my available credit is finally over $100,000! Now to stay responsible with so much danger at my fingertips.

Anyway, enough about me. On to my brother. He got his first credit card about a year ago. As far as I know he's been making payments on time and never carries a balance. I think this is the only thing on his credit report. It's a CapitalOne card, I can't remember the name but it's unsecured and very basic. No rewards or anything. Limit is $500 I think.

I'm thinking of recommending the Quicksilver (the no annual fee one) to him. Has anyone heard of people with limited credit histories being approved for it? Or is that a card he should wait on applying for? I'm just afraid of telling him to do the wrong thing and putting an unnecessary HP on his report. This one's a little out there, but does anyone know any American Express cards he might be able to get? The earlier he gets that membership the more it'll help him.

Re: Quicksilver for my brother?

Uppingmyscore — Fri, 28 Mar 2014 11:14:45 GMT

@Anonymous wrote:
Hi all, it's been a while since I've been here. First of all I've got to tell you guys about my credit adventures because people in real life don't care!

I'm closing on my first house early next month!
I just requested a CLI on my Navy Fed Cash Rewards and was approved for a bump from $25,000 to $50,000.
I also applied for the AmEx SPG and was approved for $25,000
I'm excited my available credit is finally over $100,000! Now to stay responsible with so much danger at my fingertips.

Anyway, enough about me. On to my brother. He got his first credit card about a year ago. As far as I know he's been making payments on time and never carries a balance. I think this is the only thing on his credit report. It's a CapitalOne card, I can't remember the name but it's unsecured and very basic. No rewards or anything. Limit is $500 I think.

I'm thinking of recommending the Quicksilver (the no annual fee one) to him. Has anyone heard of people with limited credit histories being approved for it? Or is that a card he should wait on applying for? I'm just afraid of telling him to do the wrong thing and putting an unnecessary HP on his report. This one's a little out there, but does anyone know any American Express cards he might be able to get? The earlier he gets that membership the more it'll help him.

Applying for new credit before closing could jeopardize your loan. Please be advised of that....Hopefully, your lending company gave you the okay. To be honest I would be scared if they gave me the okay. Things can happen until that loan is fully funded.

As as for your brother he could ask to PC over to QS card or just apply for what he's interested in if he profile support the approval and meets the cc requirements.

Good Luck to the both of you!!!

Re: Quicksilver for my brother?

Anonymous — Fri, 28 Mar 2014 11:23:56 GMT

Thanks for the heads up on that. Honestly that never occurred to me. I guess I'll take care of it if it's an issue. Oops.

I didn't think of the PC. I'll bring that up to him. I appreciate it!

Re: Quicksilver for my brother?

Anonymous — Fri, 28 Mar 2014 12:26:16 GMT

@Anonymous wrote:
I'm thinking of recommending the Quicksilver (the no annual fee one) to him. Has anyone heard of people with limited credit histories being approved for it? Or is that a card he should wait on applying for?

Wait for QS that requires good/excellent credit.

Don't diss QS after you get all those AMEX shinys and prime siggys in the future.

Should remember where we all came from, humble Cap One beginnings............

Re: Quicksilver for my brother?

takeshi74 — Fri, 28 Mar 2014 12:35:54 GMT

@Uppingmyscore wrote:
Applying for new credit before closing could jeopardize your loan.

+1 General recommendation is don't do anything the 6 months prior to the mortgage but checking specifically with your mortgage provider for what they're specifically looking for is always recommended.

@Anonymous wrote:
does anyone know any American Express cards he might be able to get?

The easier approval cards are a fairly common topic around here. The charge cards are generally easier. I don't recall the others off the top of my head but I think the Delta Gold is one of them.

Re: Quicksilver for my brother?

KellyP25721 — Fri, 28 Mar 2014 15:40:31 GMT

There are two QS cards, one for excellent credit and one for average credit.. If he currently has their Platnum card, I would email the EO and ask for an upgrade to the QS card. If he's been making his payments for the past year, they will most likely upgrade him no problem. I had my Platinum card for 13 months and they upgraded me and gave me a CLI.