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Quicksilver Cash Advance limit

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taxi818
Super Contributor

Quicksilver Cash Advance limit

Hello all. well i finally got cli yesterday on my quicksilver. after a couple weeks ago denied. because of low payments. i paid the thing down from 50 percent usage and they gave me increase of 2k. but i noticed. that the cash advance limit is off the chart. is this normal with cap one? i mean it is  over 50 percent. mostly my cash limit is about 20 percent. i also noticed on the Venture the cash limit is 50 percent. but this is in fact over 60.cashadvance.PNG

 

Message 1 of 24
23 REPLIES 23
chalupaman
Super Contributor

Re: Quicksilver Cash Advance limit


@taxi818 wrote:

Hello all. well i finally got cli yesterday on my quicksilver. after a couple weeks ago denied. because of low payments. i paid the thing down from 50 percent usage and they gave me increase of 2k. but i noticed. that the cash advance limit is off the chart. is this normal with cap one? i mean it is  over 50 percent. mostly my cash limit is about 20 percent. i also noticed on the Venture the cash limit is 50 percent. but this is in fact over 60.

 


I always thought that was normal for CapOne to have these sorts of high cash advance limits.

Tradelines: Macy’s - $18k, Penfed Power Cash Rewards - $10k, Ethan Allen (TD Bank) - $5.7k, Kay Jewelers - $5.5k, Appliances Connection - $5.3k, Jared - $5.25k, Best Buy (Citi) - $5k, Dell Preferred Account - $3.5k, Samsung - $3.2k, Firestone CFNA - $3.2k, Capital One Platinum - $3k, Mercury MC - $2.25k, Williams Sonoma - $2.1k, Wayfair (Fortiva) - $2k, Amazon Store Card - $1.8k, Apple Card - $1.7k, NFCU cashRewards - $1.5k, CareCredit - $1.5k, B&H Photo - $1.5k, Adorama - $1.25k, Ebay MC - $1k, Sam’s Club MC - $1k, American Eagle - $1k, Ollo MC - $600, Mission Lane Visa - $500, NY & Company - $500, Walgreens - $500, Home Depot - $500, Target RED Card - $500, CapOne Secured MC 0 AF - $500, Penfed Overdraft LOC - $500

Current FICOS: Mid 640s-50s on all reports, Ch 7 BK D/C Aug 2019
Starting scores: EX - 534, EQ - 574, TU - 516 | Total TLs: $91k approx | Total Utilization: 17%, getting this back down
Message 2 of 24
Booboo71
Established Contributor

Re: Quicksilver Cash Advance limit

I have a Sony card with a 1750 credit line and my cash advance amount is 1150 or 1175. So they are generous on that.

Message 3 of 24
Anonymous
Not applicable

Re: Quicksilver Cash Advance limit

I have a small 1300 no fee QS which has a 1300 cash advance limit. I thought it was odd, though I'll never it.
Message 4 of 24
Anonymous
Not applicable

Re: Quicksilver Cash Advance limit

On paper it says that my cash advance limit is 200 but I have been able to get up to my credit limit in advances. My credit limit is only 400. But capital one is all about making money.
Message 5 of 24
Anonymous
Not applicable

Re: Quicksilver Cash Advance limit

Mine is 750 right now limit at 1.5k
Message 6 of 24
Anonymous
Not applicable

Re: Quicksilver Cash Advance limit

DH's QS and Venture cards have a $5k cash advance.  My qs1 only has a $500 cash advance (CL is $3k)

Message 7 of 24
taxi818
Super Contributor

Re: Quicksilver Cash Advance limit

I think I'm gonna test the pain threshold on cash advance. Say take 500 out. I' know there is no grace. But I'm just assuming at 24.9 percent apr. If my math correct. Comes to $125 dollars a year in interest no could be wrong. I'm gonna find interest calculator. 

Message 8 of 24
Anonymous
Not applicable

Re: Quicksilver Cash Advance limit

Approximately yes. Find your daily compound rate.
Message 9 of 24
taxi818
Super Contributor

Re: Quicksilver Cash Advance limit


@Anonymous wrote:
Approximately yes. Find your daily compound rate.

Thanks. nixon. but i realized its actually less as you pay balance down. the rate is less. so more like 90 dollars on 500. in a year.

Message 10 of 24
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