Capital One QuickSilver One 4k Limit Question

texasman07 · ‎02-04-2022

Hi Everyone–

I had a couple of CapOne cards (Venture, Ventrue One, Savor etc) and closed them all a few years back. I recently tried to get back with them in 2020 and was a no go for a while. I finally got pre-approved for a secured card (01-Nov-21) and went for it just to get my foot back in with CapOne. Yesterday, I tried the pre-approval link again and was finally given the option for a QuickSilver One. I took the bait and got a link to upload my Passport and SS Card. This morning I got an email for a 4k approval. I went back to their website and saw that the QS One is for people with fair credit. I have an 800 Fico Score across all boards and 1% Utilization. My main reasons for denail are too many accounts, too many inq. My question is, "I have a card for FAIR credit but was given a 4k limit?" is that right? Is this card eligible for CLI's down the road?

Thanks!

SUPERSQUID · ‎02-04-2022

Cap 1 is a strange bird when it comes to approvals and score related issues.

last year i got approved for a savor one 3k sl with a bk7 less than 2 years old.

It clearly states on their site that to get a savor one for good credit you need to be 5 years post bk.

{ BK7 DC 12/2019 } target 2800/ kohls Visa 7000/ discover IT cb 6500 / 2nd discover IT cb 6000/mercury 4100 /legacy 3500 /HUE cc 3500/ cap1 QS 5000/ cap 1 savor one 3100 /Bread rewards Amex 4k, Penfed PCR signature visa 10k/ penfed gold 7.5k NFCU >signature visa cash rewards 21700/bread cashback amex 8000

>/ nfcu platinum 15k, BABY NEEDS NEW SHOES !!!!!
closed-- reflex, applied bank, first digital, mission lane, ikea, fingerhut, big lots, valero gasoline, ollo, more to come
Rebuilding since September 2020
who i burned - chase, cap 1, TD bank, Sync, were the biggies
Income 40k
Total utilization around 20 pct depending on my current usage/needs
Ficos ,most are slightly above 700, the 9's slightly higher than the 8's

TCL - about 110k
Retired since 2017

texasman07 · ‎02-04-2022

Thanks! I was kicking myself for jumping the gun on this card becasue I really wanted the Venture. I will wait 6 months and then try I guess.

gdale6 · ‎02-04-2022

Grats on your SQ1 approval

The card is likely not bucketed with that SL and I would expect CLIs in the future as long as your profile improves.

CreditAggie · ‎02-04-2022

Congratulations on your QS1 approval!

Current Cards (in order of approval):

Current FICO 8 | 9 (January 2025):

Credit Age:

Inquiries (6/12/24):

Banks & CUs:

Titans84 · ‎02-04-2022

Congrats on your Capital One QS1 approval!

Current FICO 8:

US Bank Cash+ (PC from Perks+) | 05/2007 | $10,000

AMEX Blue Cash Preferred (PC from Blue) | 09/2008 | $25,000

US Bank Cash+ (PC from Platinum) | 12/2014 | $20,000

Goldman Sachs' Apple Card | 08/2019 | $26,000

Chase Freedom Unlimited | 09/2019 | $16,000

Elan Max Cash Preferred | 05/2021 | $25,000

FNBO Evergreen Rewards | 07/2021 | $25,000

Affinity FCU Cash Rewards | 04/2022 | $32,500

US Bank Altitude Reserve | 09/2023 | $15,000

Chase Sapphire Preferred | 05/2024 | $23,000

CreditMagic7 · ‎02-04-2022

Congratulations on the Capital One QS1 approval!

MartyWrite75 · ‎02-04-2022

Congratulations on your approval!

December 2024: Experian 779; Equifax 779; Transunion 781

Cards I Have:
Cap One QS: $600 (Sock drawer) || Cap One QS (#2): $6,800 (Sock drawer) || Discover It: $13,400 || Cap One Savor One: $600 (Sock drawer) || AMEX BCP: $8,900 || Amazon Prime Store Card: $10,000 || FNBO Rewards Visa: $2,600 || Discover Cash Back: $7,500 || Citi Custom Cash: $12,500 || Verizon VS Visa: $15,000 || Amex Hilton Honors: $10,000 || Amazon (Chase) Prime Rewards (VS): $9,500

Wishlist Cards:
Paypal Mastercard || Bread Mastercard

Gardening to 10/2024(ideally)
Total Utilization: 10%
Inquiries: Exp: (1) Trans: (0) Equif: (0)

cashorcharge · ‎02-04-2022

That's terrific!! Congratulations on your Cap1 Approval!! 🎉🥂👏

texasman07 · ‎02-04-2022

Thanks ! I was hoping the secured card would get me somewhere . At least it's a 4K limit. Hoping it grows a bit