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Better card for rebuilding? Capital one platinum or capital one quicksilver one?

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Super Contributor

Re: Better card for rebuilding? Capital one platinum or capital one quicksilver one?


@FireMedic1 wrote:

@Saeren wrote:

The QS1 is a big trap. They're the hardest to PC to another card later to get out of the AF. Avoid that one at all costs. 


You remember what I call the QS1. The BRICK! Smiley Very Happy


If I had made the mistake of getting a QS1, my opinion of Capital One would undoubtedly be much lower than it is now. The card is an awful trap and is totally meant to take advantage of subprime customers who don't know better. Capital One could do a lot for their image if they got rid of that card imo 



01/2019:
1/2020:

Hover over my cards to see my limits!
Goal cards: Cash+, Freedom.
Message 11 of 17
Moderator

Re: Better card for rebuilding? Capital one platinum or capital one quicksilver one?

Hi @Teachthewurld, welcome to the forums.

I have merged the other thread that you started on this same topic into this one. Please do not cross-post or start multiple threads on basically the same subject. It is confusing to other members trying to assist you and is against forum rules. Thank you for your understanding and cooperation.
Message 12 of 17
Established Member

Re: Better card for rebuilding? Capital one platinum or capital one quicksilver one?

@finnstar

Sorry! Very New here and learning how it all works. Thanks for the assist. Won’t happen again!
Message 13 of 17
Frequent Contributor

Re: Better card for rebuilding? Capital one platinum or capital one quicksilver one?

Another vote here for Platinum.

 

Based on the description of what your goals are with this card, it doesn't sound like credit card rewards should be a priority for you right now. Keep in mind that you'll have to charge $2,600 on the card, every year, just to break even on the annual fee. Meanwhile, that $2,600/yr ($216/mo) spending requirement runs counter to what your primary goal is with this card - which is building credit. With that goal in mind, you should really only be using this card minimally each month to ensure you can always pay it off every month.

 

Not to mention, if the card gets approved for a low spending limit, then spending a minimum of $216 per month on it often involves the hassle of making multiple payments on it every month to avoid maxing it out.

    Combined Loan Balances: $39k / $76k
    Combined CL: $26.9k (Util. varies between 15-40% each month)

Fico 8 Scores:
12/2018:
09/2019:
7 derog. (all settled 1/2019)     |     Inquiries: 1, 4, 5     |     AoOA: 10.2yr     |     AAoA: 5.4yr     |     AoYA: 0.0yr
Message 14 of 17
Community Leader
Mega Contributor

Re: Better card for rebuilding? Capital one platinum or capital one quicksilver one?


@FireMedic1 wrote:

@AverageJoesCredit wrote:
With a Pink and Grey Fire Medic, you can't go wrongSmiley Wink

Yep. There are such trucks in pink!

pink.jpg


Double Kudos good Sir!Smiley Wink. Now if that thing only had 3 CARDS....🤗

#ChaseCreditCardHobby Enthusiast
2022
!
Message 15 of 17
Super Contributor

Re: Better card for rebuilding? Capital one platinum or capital one quicksilver one?


@AverageJoesCredit wrote:

@FireMedic1 wrote:

@AverageJoesCredit wrote:
With a Pink and Grey Fire Medic, you can't go wrongSmiley Wink

Yep. There are such trucks in pink!

pink.jpg


Double Kudos good Sir!Smiley Wink. Now if that thing only had 3 CARDS....🤗


smiley-laughing021.gif



01/2019:
1/2020:

Hover over my cards to see my limits!
Goal cards: Cash+, Freedom.
Message 16 of 17
Super Contributor

Re: Better card for rebuilding? Capital one platinum or capital one quicksilver one?


@FireMedic1 wrote:

@AverageJoesCredit wrote:
With a Pink and Grey Fire Medic, you can't go wrongSmiley Wink

Yep. There are such trucks in pink!

pink.jpg


Cancer Awareness pink!

Message 17 of 17
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