It probably is YMMV, and also just waiting until whatever resistance they have to PCing it erodes. 
Almost 10 years after opening, my $39 AF Platinum just got PCd and CLId to a respectable $4.5k Quicksilver (regular, not One). No AF. Probably could have done it earlier but was busy with other things.
@RogerSmith95 wrote:Ok I'm happy and confused. So I went to their site and used ther online chat. I asked if my Journey card was eligible for a PC to the QS Visa card. The first guy said that I was being offered the QS 1. He then transferred me to a someone who kept saying QS cash back card. I know both QS & QS1 offeres 1.5% cash back. Then she said since my journey card is a visa, my new QS card would also be a visa, and that the QS card that I got has no annual membership fee. So I'm assuming I got the QS not the QS1. What do you guys think? My Journey card turned 1(year old) this month. Started out with a CL of 500 then to 750 with credit steps, then to 1,250 with the LUV button. I have screenshots of the chat so of they give me the wrong card with the annual fee, I will have proof that they offered me the one without a fee.
You can still end up with QS1 without the annual fees. my platinum PC to QS1 early this yr with annual fees waived for good.
@ProV wrote:
@RogerSmith95 wrote:Ok I'm happy and confused. So I went to their site and used ther online chat. I asked if my Journey card was eligible for a PC to the QS Visa card. The first guy said that I was being offered the QS 1. He then transferred me to a someone who kept saying QS cash back card. I know both QS & QS1 offeres 1.5% cash back. Then she said since my journey card is a visa, my new QS card would also be a visa, and that the QS card that I got has no annual membership fee. So I'm assuming I got the QS not the QS1. What do you guys think? My Journey card turned 1(year old) this month. Started out with a CL of 500 then to 750 with credit steps, then to 1,250 with the LUV button. I have screenshots of the chat so of they give me the wrong card with the annual fee, I will have proof that they offered me the one without a fee.
If they said that there is no AF, then you got the QS, not the QS1. I just did this the other day via secure chat, and received documentation today (3 days later). They said the card would arrive in 7-10 days, so I'm assuming the picture of the card on the web site will be QS when I activate that card. They've also added the cashback rewards on my current page.. I was very surprised they didn't send any documentation to me (email, or posted on my online account) after the conversation via Secure Chat.
Don't worry, things will work out when the card shows up. And if it's not what you expected, you have the screen shots and info, so just call in and get it cleared up with them over the phone. GL!
My platinum mc w/29 annual fee was PC to QS1 with annual fees waived permently. starting limit was 500 and after 5 months went to 1500.....current.
I just got a call from EO office today, after sending email this morning for a cli. I asked for 4K, and she said it will take couple of days b4 I get the answer.
I have had this account for 18 months.
@Membersince2013 wrote:I did the same thing. I PCd my Platinum Mastercard to a QS(mastercard) and my Quicksilver Visa to a VentureOne. The QS Mastercard is indeed the QS1 with no annual fee. You don't have to pay the annual fee if you PCd into it.
+1
@SunriseEarth wrote:
@kroberts67 wrote:Isn't it a new TL to go from a MC to VISA? (Assuming the QS are Visas and the QS1's are MC, I could be wrong). Anyone know how they treat a PC like that (fee to no fee, etc), will it keep it's dating?
AFAIK, they PC cards to the same payment network. While a newly opened QS is Visa and a newly opened QS1 is MC, it is possible to PC and have a QS MC if your original card was a MC. That's how some people have QS WMCs (with the cool monochromatic MC logo!).
In any case, a PC is not a new TL at Cap One. You keep the same history.
Good info earth, I'll keep this in mind when I upgrade.