I was just approved for a Capital One Quicksilver with $1000 limit. I'm really surprised because I've burned them in the past. (I was an idiot and was using credit to spend money I didn't have. I'm no longer an idiot.) My Experian FICO 8 is currently 668, which I think is a good recovery after having 7 accounts sent to collections.
I was also approved for an Apple Card a few months ago. They started me out with a $500 limit that I just got increased to $750. (Is that a decent % increase for a first CLI?) I love it because I'm a huge Apple nerd (I still use a Newton MessagePad and have a Macintosh SE on my desk that's as old as I am), but I've been looking to open another card to decrease my overall utilization, and also be a backup card with better cash back than the Apple Card's 1% on non-Apple Pay purchases. Was Quicksilver a good choice? I want to eventually get my foot in the door with American Express, but I'd like my report to show many more months of responsible usage first.
I'm just really excited to be trusted with credit again. I won't screw it up this time!
Congrats on your approval!
Cap1 gets some smack talk around here, but let me say that I think they're a great lender if you know what to expect, and don't get your hopes up that they're going to necessarily treat you like royalty. With a 1K limit, that card probably is actually not bucketed, meaning that after this pandemic is over and Cap1 starts giving out normal CLIs again, it will likely be able to grow with heavy use. There are other, better rewards cards out there, but their app/website is great, their cash back redeeming methods is IMO one of the absolute best in the industry, and you're not paying an AF. I think you scored a great card that will be a solid tool in helping you build your scores and profile for years to come! BTW, my Mac SE was the "SE 20" version with the internal 20MB HD. I too collect vintage macs. That model came out 3 years after I was born 
@Ficoproblems247 wrote:I think you scored a great card that will be a solid tool in helping you build your scores and profile for years to come!
That's great! Thanks for all the info! I'm glad to hear that my card probably isn't bucketed. And Capital One's cash back sounded really promising and easy to redeem, so I'm excited to see how that works.
@Ficoproblems247 wrote:BTW, my Mac SE was the "SE 20" version with the internal 20MB HD. I too collect vintage macs. That model came out 3 years after I was born
Wow! Very cool! My collection is pretty modest. After the SE, my favorite is my iMac G4. What a crazy, futuristic design that was!
Grtz on your new QS! I think it's a very good card for where you're at, esp. since it's the no-AF version. In this lending environment, you're probably not looking at prime cards yet with scores in that range, so a 1.5% base cash back is great. There are 2 and 3% cards out there, but 1.5 is kind of the industry standard now. If you're interested in Amex, I'd grow 6+ more mo's of payment history on your two cards and then start occassionally checking the Amex prequal page so you know when they're comfortable enough w/ your profile to start giving you solid offers.
