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Capital One Quicksilver Rewards Approved $30K

hotsaucewaffle
New Visitor

Capital One Quicksilver Rewards Approved $30K

First, 

 

A massive thanks to everyone on the forum for info, i learned a lot through others questions and shared experiences.

 

I just wanted to share my process, I wasn't able to find anything definititive on high credit limit approvals so i thought i would share for those that are interested.

 

I was instantly approved (online) for a limit of $30,000.  The only other lines of credit i have open are 1. BofA card w/ $50K limit and 2. $925K mortgage.

 

I was worried i couldnt get a big limit as a starting point with another card provider. I'm looking to dump some big purchases on a card but will probably end up making it my main card and then picking up a few AA cards to get status.

 

For background (since that seems to be important on the forums): excellent credit, top income bracket range, never had a late payment, only recently did i stop paying balances off in full each month when i leveraged the BofA Cash Rewards 0% for 12m feature.

 

Can be fantastic tools to help free up cashflow when you have line of sight to incoming cash in the months ahead, enabling you to make purchases now instead of wait.

 

Hope this helps others looking at similar opportunities.

 

https://imgur.com/a/SstUuZD (pic of apprival, sorry i dont know the forum code to put in an image on this site)

 

Cheers

 

edit: added pic

Message 1 of 13
12 REPLIES 12
Xiang182838
Established Contributor

Re: Capital One Quicksilver Rewards Approved $30K

Congrats on approval and huge SL!!!Smiley Very Happy

 




Message 2 of 13
soupy5
Frequent Contributor

Re: Capital One Quicksilver Rewards Approved $30K

Nice, congrats!



Current Scores Jul 2020 – FICO 8
Message 3 of 13
AllThingsInTime
Established Contributor

Re: Capital One Quicksilver Rewards Approved $30K


@hotsaucewaffle wrote:

First, 

 

A massive thanks to everyone on the forum for info, i learned a lot through others questions and shared experiences.

 

I just wanted to share my process, I wasn't able to find anything definititive on high credit limit approvals so i thought i would share for those that are interested.

 

I was instantly approved (online) for a limit of $30,000.  The only other lines of credit i have open are 1. BofA card w/ $50K limit and 2. $925K mortgage.

 

I was worried i couldnt get a big limit as a starting point with another card provider. I'm looking to dump some big purchases on a card but will probably end up making it my main card and then picking up a few AA cards to get status.

 

For background (since that seems to be important on the forums): excellent credit, top income bracket range, never had a late payment, only recently did i stop paying balances off in full each month when i leveraged the BofA Cash Rewards 0% for 12m feature.

 

Can be fantastic tools to help free up cashflow when you have line of sight to incoming cash in the months ahead, enabling you to make purchases now instead of wait.

 

Hope this helps others looking at similar opportunities.

 

Cheers


Super Congrats on your Cap One Quicksilver $30,000 SL! Smiley Very Happy

 

This is one of the highest starting limits that I've seen.

Given your high income bracket, excellent payment history,

and the existence of a 50k limit with BoA I'm sure all of these

factors worked to your benefit. Very well done indeed!!! Smiley Very Happy

 

Quick questions: Which file(s) did Cap One pull,

what was your approving FICO score, and how old

are your other two accounts? Congrats once again

on your success. Thanks so much for sharing!!! Smiley Very Happy

Message 4 of 13
CreditCuriosity
Moderator

Re: Capital One Quicksilver Rewards Approved $30K

Very nice limit..  Easy redemptions and a very usable limit for you, should be a good fit for you and you low card count.  Congrats

Message 5 of 13
19eighty5
Senior Contributor

Re: Capital One Quicksilver Rewards Approved $30K

Congratulations on the massive SL!

FICO 8 (Feb 2018):EX- 519, TU- 530, EQ- 545
FICO 8 (Mar 2020):EX- 689, TU- 665, EQ- 670
What's in my wallet:



On the chopping block:

Message 6 of 13
xaximus
Valued Contributor

Re: Capital One Quicksilver Rewards Approved $30K

Congrats on the huge SL!

Question - why did you go with the QS? There are many other cards that have similar if not better rewards. Just wondering.


Scores - All bureaus 756 +
TCL - Est. $275K
Message 7 of 13
Shooting-For-800
Senior Contributor

Re: Capital One Quicksilver Rewards Approved $30K

Congrats!

Rebuild started in 2014  -  $100k unsecured credit in 2017  -  $400k unsecured credit in 2021.

DON'T WORK FOR CREDIT CARDS ... MAKE CREDIT CARDS WORK FOR YOU!

5% Rotating - Discover                         5%-20% - Amazon & Lowes                   3-6% Groceries - NFCU & Amex Preferred
3-5% Gas - NFCU & Ducks Unl            4% Dining & Entertain - Savor               3% Travel & Hotels - Flagship, Propel, & Uber
2% Everything - Flagship, Synchrony, Evergreen, & Venture






Message 8 of 13
VoltronM
Senior Contributor

Re: Capital One Quicksilver Rewards Approved $30K

Congrats on your approval and monster SL !!!!

 

 

8-2019 / Fico 8 EX 8013 , EQ 8016 , TR 810
Amex ED 22k , CSP 17k , Discover iT 12.5k , Fifth Third Bank S2C 12k , BofA Cash Rewards 10k , Avianca Vida 10k , State Farm Good Neighbor Visa 10k , Citi DD 6k , Union Bank Rewards 5k
Message 9 of 13
Gokuva
Regular Contributor

Re: Capital One Quicksilver Rewards Approved $30K

Amazing SL worthy of the unicorn. Cat Happy

 

runninguni.gif



Message 10 of 13
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