Clarification on Capital One's QuickSilver and QuickSilver-One cards.

[Anonymous]

I was also a Cap 1 Platinum customer who was invited to PC up to the QS, which remained a Mastercard. I was denied for the QS Visa, which I really, really wanted. 

[Anonymous]

May be a dumb ? but what's the luv button?

[GoldSorata]

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@Anonymous wrote:

May be a dumb ? but what's the luv button?

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The button or form one fills out to request a credit limit increase

[Anonymous]

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@Anonymous wrote:

May be a dumb ? but what's the luv button?

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It's just people's way of asking for a credit limit increase. Usually there's options / links online when you signed into your account to request a credit line increase. Before the request is finish, you have to submit it. The "SUBMIT" button is the luv button.

[Anonymous]

This is from their "Rates and Disclosures." I will add this to the first post as well.

QuickSilver (Visa)

How Do You Determine My Credit Line?

We will determine your credit line after a review of your application and your ability to pay. If your application is approved, the minimum credit line you will receive is $3,000.

QuickSilver-One (MasterCard)

How Do You Determine My Credit Line?

We will determine your credit line after a review of your application and your ability to pay. If your application is approved, the minimum credit line you will receive is $300.

[Anonymous]

What were your scores at the time?

[Anonymous]

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@DeeBee78 wrote:

I appreciate the post, but I think saying anything is definite with Capital One is a bad idea. 

I can't get a PC from a  QS1 to a QS based on the limit on my card, yet people get QS' with lower limits than I have on my QS1. No rhyme or reason to Capital1's thought process. 

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you are right. there's so many things that capital one may say, but a lot of what they say doesn't seem to be true. maybe they just go out of their way to help and gain new customers?

[Anonymous]

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@IllinoisNative wrote:

I don't think that is true.

I started my credit rebuilding journey three years ago with a Secured Cap One card. They solicited me for the Quicksilver Visa card two years later.  Not the Quicksliver One MasterCard with an annual fee.  My credit line was only $500 and I was in the credit steps program.  After my fifth statement cut, I pressed the luv button and was raised to $1500.  Then after my sixth statement cut, I received another $500 increase for the credit steps program.  I have the Visa no annual fee Quicksilver card.

So credit steps doesn't only apply to the MasterCard and you don't need to have a minimum of $3,000 for the Visa.  I don't.  

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I'm thinking the new limits must have been something new that capital one has just recently started.

[Anonymous]

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@Anonymous wrote:

That is false.

I did not have good or excellent scores whatsoever. I applied for the regular qs, instant approval with $1,000 liimit, and guaranteed increase to $1,500 after 5 timely payments from credit steps. My card does NOT say qs one, it is a Visa. No annual fee. And...I grew tired of waiting for the 6 month mark, hit luv button, instant $2,000 increase to $3,000.

Folks...if you are applying and are scared, then apply for multiple capital one products at once....right?

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How long ago was this when you applied? I'm assuming that the credit steps may have only been for people with low initail credit limit such as below $3000. Reason is because a friend of mine apply for the quicksilver visa and her limit was $3000 and she didn't get the credit steps program. This was only about 4 months ago. maybe capital one's term have changed this year?

[Anonymous]

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@DeeBee78 wrote:

I appreciate the post, but I think saying anything is definite with Capital One is a bad idea. 

I can't get a PC from a  QS1 to a QS based on the limit on my card, yet people get QS' with lower limits than I have on my QS1. No rhyme or reason to Capital1's thought process. 

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True. My roommate has a QS Visa that started at a $300 limit. I have a QS1 MC that started at $500. YMMV.