topic Re: Capital One QS1 and Platinum Question. in Rebuilding Your Credit

Capital One QS1 and Platinum Question.

Derrick1977 — Thu, 26 Nov 2015 03:50:16 GMT

Hi Everyone.

I just opened a capital one Platinum card ($300) at the beginning of August and a QS1($500) at the end of August. I hit the luv button for the both the Platinum and QS1 after the second statement and was was bumped up to $800 and $1500 respectively. Should I keep the platinum card or ask for a second QS1 card? Through the online chat service, they asked me if I wanted to be upgraded to another QS1. What are the pros and cons of this? Any advice is greatly appreciated.

Re: Capital One QS1 and Platinum Question.

Anonymous — Thu, 26 Nov 2015 03:59:28 GMT

Hop into cap one chat and tel them you'd like the Platinum upgraded to Rewards status. They'll change it to a QS with no AF. You'll be sent a new QS to replace it. There is no downside.

Re: Capital One QS1 and Platinum Question.

Anonymous — Thu, 26 Nov 2015 04:05:50 GMT

The new MC will say simply Quicksilver, whereas your AF card says Quicksilver One.

Re: Capital One QS1 and Platinum Question.

Derrick1977 — Thu, 26 Nov 2015 04:23:22 GMT

Hmmm Ok, that will work. I thought they would send me out another QS1. Thanks so much.

Re: Capital One QS1 and Platinum Question.

Anonymous — Thu, 26 Nov 2015 04:27:17 GMT

The QS 1 has AF, your new QS won't. Congrats on your CLI's!

Re: Capital One QS1 and Platinum Question.

Derrick1977 — Thu, 26 Nov 2015 04:29:15 GMT

Thank you so much.

Re: Capital One QS1 and Platinum Question.

Anonymous — Thu, 26 Nov 2015 13:20:30 GMT

Congrats!

Re: Capital One QS1 and Platinum Question.

Anonymous — Thu, 26 Nov 2015 14:57:51 GMT

Congrats!!! Run as much as you can through those two cards. I went from $300 to $6,300 just about a year with those.

Re: Capital One QS1 and Platinum Question.

Derrick1977 — Thu, 26 Nov 2015 16:39:29 GMT

thank you so much. Rising Scores, which card did you get the CLI up to $6300 and how long did it take?

Re: Capital One QS1 and Platinum Question.

Anonymous — Thu, 26 Nov 2015 21:04:40 GMT

Is your platinum card the one with no annual fee?

Cap One has two different platinum cards, the Classic Platinum which has lower interest rate but an annual fee, and then they have their "vanilla" Platinum card which has no annual fee but several percentage points higher interest.

The Classic Platinum will convert to the QS1 and the vanilla Platinum will convert to the QS.

Thats been my experience with three card conversions so far.

Re: Capital One QS1 and Platinum Question.

Anonymous — Thu, 26 Nov 2015 21:26:51 GMT

Awesome News!!

Re: Capital One QS1 and Platinum Question.

Derrick1977 — Thu, 26 Nov 2015 21:38:58 GMT

Hi Norman- Yes, I have the platinum with no AF.

This is the information that came with the platinum when I got it at the beginning of August. My credit limit is now $800

CREDIT LINE $300 credit limit (including cash advance limit of $300). Make your first 5 monthly payments on time to gain access to a higher credit limit.

	ANNUAL PERCENTAGE RATE 24.9% variable APR on purchases and transfers. No transfer fee.

	MEMBERSHIP FEE $0.

Re: Capital One QS1 and Platinum Question.

Derrick1977 — Thu, 26 Nov 2015 21:40:30 GMT

Thanks SacTown

Re: Capital One QS1 and Platinum Question.

Derrick1977 — Fri, 27 Nov 2015 15:56:23 GMT

Thanks Cruznmore

Re: Capital One QS1 and Platinum Question.

Anonymous — Fri, 27 Nov 2015 17:41:40 GMT

@Derrick1977 wrote:
thank you so much. Rising Scores, which card did you get the CLI up to $6300 and how long did it take?

Got the Platinum in Jun 14 with a SL of $300. Got a credit steps increase in Dec to $2,300, then PC'ed it to no AF QS in Feb 15. Got the QS1 in Feb 15 with a SL of $500. Got a luv button CLI to $1,500 on the QS1 in May. In August got luv button CLI to $4,300 on the QS and credit steps CLI to $2,000 on QS1. Then I combined the CLs and kept the QS.

Re: Capital One QS1 and Platinum Question.

Anonymous — Fri, 27 Nov 2015 17:52:52 GMT

@Anonymous wrote:
@Derrick1977 wrote:
thank you so much. Rising Scores, which card did you get the CLI up to $6300 and how long did it take?

Got the Platinum in Jun 14 with a SL of $300. Got a credit steps increase in Dec to $2,300, then PC'ed it to no AF QS in Feb 15. Got the QS1 in Feb 15 with a SL of $500. Got a luv button CLI to $1,500 on the QS1 in May. In August got luv button CLI to $4,300 on the QS and credit steps CLI to $2,000 on QS1. Then I combined the CLs and kept the QS.

This is pretty much the same thing I did to get a $5800 QS card.

Re: Capital One QS1 and Platinum Question.

Anonymous — Fri, 27 Nov 2015 18:09:06 GMT

Makes sense to wait for credit steps increases before combining the QS.

Re: Capital One QS1 and Platinum Question.

Anonymous — Fri, 27 Nov 2015 18:30:58 GMT

@Anonymous wrote:
Makes sense to wait for credit steps increases before combining the QS.

Both cards have to be 6 months old to combine anyway.

Re: Capital One QS1 and Platinum Question.

Derrick1977 — Fri, 27 Nov 2015 19:25:10 GMT

I wish I would have waited to see these responses. They actually let me PC today on my Platinum and I am only on my 3rd statement on that one.

Re: Capital One QS1 and Platinum Question.

Anonymous — Fri, 27 Nov 2015 21:13:58 GMT

@Derrick1977 wrote:
I wish I would have waited to see these responses. They actually let me PC today on my Platinum and I am only on my 3rd statement on that one.

Thats fine, you can still get the CLI now unless you already did it.