Capital One Quicksilver - STORY

[Anonymous]

Hi everyone, 

I am new to the forums but I thought that I should talk about my approval for the Quicksilver which I've had for a few months now.

After having my own credit card (BoA BBR - SL $2500, hardpulled CLI to $3500) for about half a year, I decided to look around for a new credit card and was stuck between the Quicksilver and Citi DC. I saw a post saying that I would have to spend over $20,000 for the rewards from DC to overcome the QS so I thought that I would apply for the QS and then go for the DC at a later time. Also, I read many forums saying that Capital One had much better customer service.

I went to a branch to apply and was met with a very nice lady who asked what my credit score was. I told her I had excellent credit and wanted to apply for the Quicksilver. She tried to sell me into applying for the Venture instead a few times and said that it was better than the QS. At the time, travel reward cards (especially the Venture) made no sense to me and I was really only looking for cash back cards. 

So I started the application on this associate's iPad and filled out all my information including an annual salary of $15,000 (college intern). I was near the end of the application right before the application submittal button and clicked on the details button, which had all the fine print. I am guessing that not many people click on that button, because the application crashed and I had to call Capital One to see if the application actually went through. My call was met with a very friendly customer service representative who checked under my SSN to asssure me that there was no application. 

So after going through the whole application process again, I was happy to have learned that I was approved for a $10,000 SL!!

Also, when I received the card I saw that the MC logo looked much fancier than the MC logo on my BBR. After some research, I learned that it was WEMC which was supposed to be hard to get.

I just thought it was worth sharing my experience and how surprised I was with the starting limit for the income I put. 

Anyone else have similar stories with Capital One?

TLDR; $10k SL for $15k income.

[AverageJoesCredit]

Thats a great story! Thanks for sharing

[Anonymous]

Congratulations, Qu! That is a great SL! 

I really like my QS, and I just got the Venture as well.

[DeeBee78]

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@Anonymous wrote:

I saw a post saying that I would have to spend over $20,000 for the rewards from DC to overcome the QS so I thought that I would apply for the QS and then go for the DC at a later time. Also, I read many forums saying that Capital One had much better customer service.

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Congrats on your approval, but this was not accurate information. Neither card has an annual fee, so 2% cashback beats 1.5% cashback all day. 

You definitely got a bigger limit with the QS than you would have with the DoubleCash. 

[Anonymous]

Sorry, I should explain that part

At the time, the signup bonus was $100 from $500 spend for QS so the 0.5% difference in cash back between QS and DC was $20,000 spend in order for the DC cashback to break even with the cashback from the QS signup bonus. Hope that makes sense

[Anonymous]

Just spend $500 on QS for the bonus then switch back to your 2% card for anything else.

[Total80sKid]

Very nice story and congrats!

[Cherekas]

Congrats on the SL! Use it wisely.

[Gregory1776]

Wow 10,000! Thats NUTS! ☺

CONGRATULATIONS 

[shoegal]

Congrats that's a super nice starting limit!