Cap One Quicksilver Application...

[Anonymous]

---

@Andy77 wrote:

After my facebook postings...EO called my back...my Quicksilver account was approved, but they don't have a CL yet.

Since its a visa sig and they already gave me an account with a 20k limit, I hope this limit is 10k

I will let you all know when I know what it is.

---

It's Interesting they gave you a 20k limit with a 692 EQ FICO, Even more so if they give you a 10k limit on a second card with that.

Is your EQ your lowest score?

[Andy77]

My score, when I got approved for the 20k in June, was not 692, it was probably around 660.  

I know score is not the only factor banks look at.    At the time I applied in June Penfed had approved me in Feb for a 20k card and Citi was at 12k, so I guess Cap One wanted to match Penfed's limit

I had 1 % utiliaztion, income between 150-175k, been at my same job 6 yaers and same living situation 6 years

[Anonymous]

---

@Andy77 wrote:

My score, when I got approved for the 20k in June, was not 692, it was probably around 660.  

I know score is not the only factor banks look at.    At the time I applied in June Penfed had approved me in Feb for a 20k card and Citi was at 12k, so I guess Cap One wanted to match Penfed's limit

I had 1 % utiliaztion, income between 150-175k, been at my same job 6 yaers and same living situation 6 years

---

That's a sizable income for sure so that does make a bit more sense.

[ddemari]

Cap1's internal scoring system intrigues me. I was approved with a prequal offer for ventute1 on the tailend of an app spree when my scores took a hit in 660s. I was approved for 5k visa signature, which i reconned to 8k. And qs signature visa reconned to 6k both within a week. Granted i have other cap1 accounts for 4 years excellent payment history, income 65k at same job for 7 years.

[Andy77]

So, I am ANXIOUSLY waiting to see what my credit limit would be... EO called me Monday and said my app was approved for the Quick Silver Visa Sig, but they are trying to determine the credit limit and I would have the plastic by the end of this week.  The automated system, as of today, still says they are processing it.

I stated in the app I spend about 8k per month (one of the app questions)

My other card with them has a 20k limit

My assets increased from the app for the card with the 20k limit, that I apped for in June, to the Quick Silver card that I apped for last week ....

so maybe it will be over 20k but I don't know

I am afraid to call in and ask...

Opinions ?

[Anonymous]

I recently got a 7 to 10 day and they gave me a card after about 7 days. It's probably an approval. You can have up to 5 cards with them.

[Andy77]

I bit the bullet and called in and talked to an application specialist... I first asked what my APR was and she said....it was 0 percent until July 2015 and she said my account was approved on Oct 20th.

She said the credit limit was still not determined and that the account was not actually created.

She said I should have the card by the end of the week.

I just think its odd that there is no credit limit assigned if the account was approved two days ago, as the rep stated

[Andy77]

Got appproved for 10k.  I wrote the EO to see if they could increase my CL since, when I applied in June and got approved for 20k my income and net worth was actually less in June.

I will keep you posted to see what they say.

[Anonymous]

---

@Andy77 wrote:

Got appproved for 10k.  I wrote the EO to see if they could increase my CL since, when I applied in June and got approved for 20k my income and net worth was actually less in June.

I will keep you posted to see what they say.

---

Looks like you hit it on the nose.

[Andy77]

Yep, I hit on nose.  Decided I would not call EO now.  I am just gonna use card and build more history with them.  30k is not bad