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Just Got Approved for 3rd card through Capital One, however...

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theHankster
Member
‎10-01-2023 11:40 AM
‎10-01-2023 11:40 AM

Just Got Approved for 3rd card through Capital One, however...

Yesterday I took a chance to see if I was eligible for an upgraded card with Capital One. Went through the pre-approval check and saw I was able to get the QuickSilver for Good Credit. I already have a QuickSilver One, and I was anticipating to be offered a higher limit.

 

NOPE! Starting out at $1000 with this new card. Kind of feels like a waste, but, I would like to explore *possibly* getting the limit from my QuickSilver One rolled into the new QuickSilver, which would be more flexible for me.

 

Do I stand a better chance for getting higher CLIs with a QuickSilver compared to the QuickSilver One?

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Jeffster1
Valued Contributor
‎10-01-2023 02:50 PM
‎10-01-2023 02:50 PM

Re: Just Got Approved for 3rd card through Capital One, however...

Congrats! 

Good luck. Cap One is a strange one, Their ways can be quite arcane. 

FICO 8 EX 829 EQ 824 TU 844
American Express Blue Cash Preferred 30K I American Express Blue Cash Everyday 25 K I American Express Cash Magnet 5K I Bank of America Customized Cash Rewards Visa 20K | Kinecta MyPerks Rewards MC 35K | Wells Fargo BILT World Elite MC 30K I BMO Harris Cash Back MasterCard 12K | Capital One QS MC 12.5K I NFCU Flagship Rewards Visa 32K I NFCU Amex 28K | NFCU CashRewards Visa 20K I America First CU Cash Visa 20K I Citi Best Buy Visa 10K I Macy’s Amex 20K I Bread Financial American Express 13K I AAA Daily Advantage Visa Signature 8.5K I Saks Fifth Avenue World Elite MC 8.3K I JCPenney Mastercard 6K I UCLA Wescom CU Rewards Visa 7K I Pottery Barn Visa 5K I PayPal Cash Back Visa 9K I TD Bank Double Up Visa 5K I USBank Cash Visa 5K I
Message 2 of 25
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NoMoreDebt
Senior Contributor
‎10-01-2023 02:52 PM
‎10-01-2023 02:52 PM

Re: Just Got Approved for 3rd card through Capital One, however...

congrats on the approval

AMEX CHARLES SCHWAB PLATINUM NPSL/ AMEX GOLD NPSL / AMEX GREEN NPSL/ AMEX BLUE BUSINESS PLUS $5000 SL/ FIDELITY REWARDS VISA $23,500 SL

SOCKDRAWER/ PAYPAL CREDIT LINE $1700/NFCU FLAGSHIP $40,000 CL/ NFCU MORE REWARDS $40,000/ WELLS FARGO AUTOGRAPH $8200/APPLE CARD $6500/DISCOVER IT $3000 SL/CITI COSTCO ANYWHERE VISA $6000 SL
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JoeRockhead
Senior Contributor
‎10-01-2023 05:11 PM
‎10-01-2023 05:11 PM

Re: Just Got Approved for 3rd card through Capital One, however...

Congratulations on your Cap 1 approval! 

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citymunky
Established Contributor
‎10-01-2023 05:56 PM
‎10-01-2023 05:56 PM

Re: Just Got Approved for 3rd card through Capital One, however...

@theHankster wrote:

 

Do I stand a better chance for getting higher CLIs with a QuickSilver compared to the QuickSilver One?

You should. 

Rebuilding since 2021


Closed CCs
USAA (Jul 2019| Settled CO), Jasper $1K CL (Jul21-Jul22), Sable $250CL{Secured} (Jan22-Jun23), CreditOne Platinum $750CL (Jul21-Aug23), Prosper $1.9K CL (Jan22-Apr24), Self $625 CL {$350 Secured } (Aug21-Jul24)

Starting FICO 8 Scores:
Current FICO 8 Scores:


Message 5 of 25
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theHankster
Member
‎10-01-2023 06:22 PM
‎10-01-2023 06:22 PM

Re: Just Got Approved for 3rd card through Capital One, however...

@citymunky 

 

I hope so. I've had my QS 1 card since 2020, and although it hasn't been used *every* month, it's taken 3 years to get from a SL of $2000 to $3050 where it's at now. 

Message 6 of 25
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Jeffster1
Valued Contributor
‎10-01-2023 06:35 PM
‎10-01-2023 06:35 PM

Re: Just Got Approved for 3rd card through Capital One, however...

@citymunky wrote:
@theHankster wrote:

 

Do I stand a better chance for getting higher CLIs with a QuickSilver compared to the QuickSilver One?

You should. 

I have not seen any evidence of that...either through personal experience or my reading on here for the past two years. Cap One CLIs are driven by spending. 

FICO 8 EX 829 EQ 824 TU 844
American Express Blue Cash Preferred 30K I American Express Blue Cash Everyday 25 K I American Express Cash Magnet 5K I Bank of America Customized Cash Rewards Visa 20K | Kinecta MyPerks Rewards MC 35K | Wells Fargo BILT World Elite MC 30K I BMO Harris Cash Back MasterCard 12K | Capital One QS MC 12.5K I NFCU Flagship Rewards Visa 32K I NFCU Amex 28K | NFCU CashRewards Visa 20K I America First CU Cash Visa 20K I Citi Best Buy Visa 10K I Macy’s Amex 20K I Bread Financial American Express 13K I AAA Daily Advantage Visa Signature 8.5K I Saks Fifth Avenue World Elite MC 8.3K I JCPenney Mastercard 6K I UCLA Wescom CU Rewards Visa 7K I Pottery Barn Visa 5K I PayPal Cash Back Visa 9K I TD Bank Double Up Visa 5K I USBank Cash Visa 5K I
Message 7 of 25
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citymunky
Established Contributor
‎10-01-2023 07:49 PM
‎10-01-2023 07:49 PM

Re: Just Got Approved for 3rd card through Capital One, however...

While Cap1 CLI as spend driven, many suspect that the rate of your CLI also depend on your the intital risk category that Captial One placed you in upon approval of the QS for good credit (Prime) vs the QS1 (poor or no credit (Sub-Prime).  

Rebuilding since 2021


Closed CCs
USAA (Jul 2019| Settled CO), Jasper $1K CL (Jul21-Jul22), Sable $250CL{Secured} (Jan22-Jun23), CreditOne Platinum $750CL (Jul21-Aug23), Prosper $1.9K CL (Jan22-Apr24), Self $625 CL {$350 Secured } (Aug21-Jul24)

Starting FICO 8 Scores:
Current FICO 8 Scores:


Message 8 of 25
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theHankster
Member
‎10-01-2023 09:57 PM
‎10-01-2023 09:57 PM

Re: Just Got Approved for 3rd card through Capital One, however...

@Jeffster1 

 

Perhaps I need to do some dedicated spending with the QuickSilver in order to generate a better probability for a higher CLI when requested

Message 9 of 25
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GZG
Senior Contributor
‎10-01-2023 10:01 PM
‎10-01-2023 10:01 PM

Re: Just Got Approved for 3rd card through Capital One, however...

I would honestly close the QS1 if they won't let you product change it into a QS/Venture one/Savor one

 

the QS1 is a card you don't want to keep forever and you're taking up TCL that you might be able to get a CLI on your much better quicksilver card in the future 

Starting FICO 8:
Current FICO 8:



0/6, 0/12, 4/24 new accounts
Message 10 of 25
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