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Capital One Quicksilver

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New Member

Capital One Quicksilver

Hello! I am new to the forum but have read things on here for months now. I had a BK Ch7 in 2013 and have slowly been rebuilding. I bought my first house Feb 2016. I currently have Barclay ($3900) Best Buy ($1500) AFCU local credit union ($2000 with my wife) and Discover It Card ($1700) I havent had a HP for over 8 months so I decided to start new year with a good one. I tried for Capital One as many of you have stated its good for rebuilding and getting high CL. Just got an instant approval (still never get over that feeling because for years it wasnt that way) for $2k! Super stoked!! What do you guys reccomend for getting higher lines? Balances follow Barclay ($2500) Best Buy ($800) AFCU ($0) Discover ($1300) should I pay off all and then request increases? Can I call Captial one and ask for a bigger line? 

Message 1 of 11
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Valued Contributor

Re: Capital One Quicksilver

Use it and pay it off frequently seems to work well for Capital One. Once your account is 60-75 days old you can ask for a CLI. will be a soft pull for Cap 1. Once you receive one, you may be able to get another at 6 month increments

State Farm Rewards (3,000) ~ Marvel MC (8,000) ~ PenFed Power Cash (10,000) ~ PenFed Promise (1,000) ~ PenFed OLOC (500) ~ Discover ($1,100) ~ Citi DC (2,200) ~ NFCU cashRewards (6,200) ~ NFCU Platinum (2,700) ~ NFCU CLOC (15,000) ~ Venture (10,300) ~ DCU Visa (5,000) ~ Chase Freedom (3,000) ~ Amex Hilton Honors (5,000) ~ Amex SPG (1,000) ~ Amex BCE (1,000) ~ Care Credit (15,000)
Current Scores (6/6/18): 697 Transunion, 659 Equifax, 674 Experian
Message 2 of 11
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New Member

Re: Capital One Quicksilver

Thanks for the quick response. I appreciate it. Yeah I am hoping to have all but $100 paid off on each revolving to keep some kind of a balance. I use the Discover card because of the 1% cash back (2% the first year) so now that this one is a 1.5% cash back it will probably replace that one.  

Message 3 of 11
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Valued Contributor

Re: Capital One Quicksilver

Cap One has a formula and you can't veer from it. Or rather they won't veer from it.


Is your account in credit steps?

 

If so, after your 3rd or 4th statement cuts, ask for an increase. Then at 6 months from opening you should get an automatic increase--your "steps" increase. After that it's every 6 months. 

 

CO seems to like high usage and large payments. 

11/2017: EX 704 | TU 720 | EQ 672 -- Starting (2/2016): 630 | 620 | 580 -- INQs: 17 | 26 | 28 (last 6 months: 5 | 2 | 6)
AMEX Delta: $10k, Marvel: $8k, Discover IT: $7.2k, AMEX BCE: $6k, Target MC: $5k, PayPal 2%: $8k, CO QS: $2.6k, Merrick: $1.6k, Barclay's NFL Rewards: $1k, CO BuyPower: $500. And a mix of well-loved store cards.
Message 4 of 11
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New Member

Re: Capital One Quicksilver

I dont know if its in the Steps program. I just got an approval online about ano hour ago. How can I tell? Also side question. Do you reccomend transfering my paypal credit to this new Card and then pay it off in 2-3 months?

Message 5 of 11
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Valued Contributor

Re: Capital One Quicksilver

If you have a QS 1, it will be in credit steps; if it's a regular (no AF) QS it won't be in credit steps
State Farm Rewards (3,000) ~ Marvel MC (8,000) ~ PenFed Power Cash (10,000) ~ PenFed Promise (1,000) ~ PenFed OLOC (500) ~ Discover ($1,100) ~ Citi DC (2,200) ~ NFCU cashRewards (6,200) ~ NFCU Platinum (2,700) ~ NFCU CLOC (15,000) ~ Venture (10,300) ~ DCU Visa (5,000) ~ Chase Freedom (3,000) ~ Amex Hilton Honors (5,000) ~ Amex SPG (1,000) ~ Amex BCE (1,000) ~ Care Credit (15,000)
Current Scores (6/6/18): 697 Transunion, 659 Equifax, 674 Experian
Message 6 of 11
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New Member

Re: Capital One Quicksilver

Ok it has an AF of $39 so Credit Steps it is. 


@Tigers09 wrote:
If you have a QS 1, it will be in credit steps; if it's a regular (no AF) QS it won't be in credit steps

 

Message 7 of 11
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Established Contributor

Re: Capital One Quicksilver

This here is fab! Congratulations on your new card. Enjoy it and use it wisely!
OpenSky®VSA: $375 | First ProgressMC: $404 | CapOneMC: $605 | CapOneQSMC: $2350 | Cabela'sVSA: $4000 | Barclaycard® RewardsMC: $20000 | BlazeMC: $2000 | First SavingsMC: $1500 | LegacyVSA:$1750 | AMEX BCP®: $9000 | AMEX Hilton Honors™: $6000 l Discover: $5300 | Chase Freedom: $4800 | Chase SLATE: $3800 | CSP®: $7000 | United MileagePlus®: $7000 | Amazon RewardsVSA: $4800 | Old Navy: $4500 | Gap: $4500 | Banana Republic: $4500 | Walmart: $10000 | SamsClub:$10000 | AEO®VSA: $8000 | TJX MC: $6000 | Amazon: $4000 | Belk: $5000 | Macy's: $20000 | J.Crew: $3000 | Overstock: $6200 | SMG VSA: $3800 | Abercrombie: $2100 | Express: $2900 | Buckle: $2500 | Kay: $6750 | PayPal: $3520 | Citi® / AAdvantage® Platinum: $16000 ***FICO08 as of: Dec 19th 2017-EX: 731 | EQ: 727 | TU: 756***



Message 8 of 11
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Valued Contributor

Re: Capital One Quicksilver

What do you mean by transfer your PayPal credit??

11/2017: EX 704 | TU 720 | EQ 672 -- Starting (2/2016): 630 | 620 | 580 -- INQs: 17 | 26 | 28 (last 6 months: 5 | 2 | 6)
AMEX Delta: $10k, Marvel: $8k, Discover IT: $7.2k, AMEX BCE: $6k, Target MC: $5k, PayPal 2%: $8k, CO QS: $2.6k, Merrick: $1.6k, Barclay's NFL Rewards: $1k, CO BuyPower: $500. And a mix of well-loved store cards.
Message 9 of 11
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Valued Contributor

Re: Capital One Quicksilver

If you haven't already, you should get an email from them concerning credit steps. You can get a CLI by requesting one before steps hits, and then will get another CLI when it's time for steps. You will get at least as much of an increase as is stated in the email; possibly more
State Farm Rewards (3,000) ~ Marvel MC (8,000) ~ PenFed Power Cash (10,000) ~ PenFed Promise (1,000) ~ PenFed OLOC (500) ~ Discover ($1,100) ~ Citi DC (2,200) ~ NFCU cashRewards (6,200) ~ NFCU Platinum (2,700) ~ NFCU CLOC (15,000) ~ Venture (10,300) ~ DCU Visa (5,000) ~ Chase Freedom (3,000) ~ Amex Hilton Honors (5,000) ~ Amex SPG (1,000) ~ Amex BCE (1,000) ~ Care Credit (15,000)
Current Scores (6/6/18): 697 Transunion, 659 Equifax, 674 Experian
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