Quicksilver One to Venture One

[Anonymous]

I have had the Quicksilver One for about 5 months with a $3,000 limit. Recently completed the steps program for a $500 increase. I was checking my upgrade options and I can change to the Venture One. I don't want the annual fee but it is not coming up soon. The 1.5% cash back is alright but I mainly use my Discover It for categories and Amex Gold. Quicksilver would probably be ideal with no annual fee. But this is what I have now and I heard it is hard to change the Quicksilver One. Is Venture One considered a higher level card internally with Capital One and be easier to increase credit limit etc.? I need to decide if I should change or wait. 

[wasCB14]

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@Anonymous wrote:

I have had the Quicksilver One for about 5 months with a $3,000 limit. Recently completed the steps program for a $500 increase. I was checking my upgrade options and I can change to the Venture One. I don't want the annual fee but it is not coming up soon. The 1.5% cash back is alright but I mainly use my Discover It for categories and Amex Gold. Quicksilver would probably be ideal with no annual fee. But this is what I have now and I heard it is hard to change the Quicksilver One. Is Venture One considered a higher level card internally with Capital One and be easier to increase credit limit etc.? I need to decide if I should change or wait. 

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I got a Savor a year ago that I downgraded to QS. I only use it for Postmates orders ($5 off).

Even if you decide to focus on cash back instead of MRs, Marriott points, or something else...there are better options than 1.5% cash with no AF. Whether you have a QS or V1, it could easily end up as a sock drawer card in the long run.

I'd take the PC to V1 now. Get rid of the pointless AF first and you can figure out the rest of your card strategy over time.

[AllZero]

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@Anonymous wrote:

I have had the Quicksilver One for about 5 months with a $3,000 limit. Recently completed the steps program for a $500 increase. I was checking my upgrade options and I can change to the Venture One. I don't want the annual fee but it is not coming up soon. The 1.5% cash back is alright but I mainly use my Discover It for categories and Amex Gold. Quicksilver would probably be ideal with no annual fee. But this is what I have now and I heard it is hard to change the Quicksilver One. Is Venture One considered a higher level card internally with Capital One and be easier to increase credit limit etc.? I need to decide if I should change or wait. 

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Yes, it's very difficult to PC out of QS1. If you have the product upgrade offer, take it. It doesn't matter about the Venture One perks. Just product upgrade it to get out of the annual fee. Then you can try to product change again it in the future.

[Mv350]

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@AllZero wrote:

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@Anonymous wrote:

I have had the Quicksilver One for about 5 months with a $3,000 limit. Recently completed the steps program for a $500 increase. I was checking my upgrade options and I can change to the Venture One. I don't want the annual fee but it is not coming up soon. The 1.5% cash back is alright but I mainly use my Discover It for categories and Amex Gold. Quicksilver would probably be ideal with no annual fee. But this is what I have now and I heard it is hard to change the Quicksilver One. Is Venture One considered a higher level card internally with Capital One and be easier to increase credit limit etc.? I need to decide if I should change or wait. 

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Yes, it's very difficult to PC out of QS1. If you have the product upgrade offer, take it. It doesn't matter about the Venture One perks. Just product upgrade it to get out of the annual fee. Then you can try to product change again it in the future.

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+1 

The second I am offered and upgrade to get away from my QS1, I'm going to take it. I rarely use the card, but the annual fee makes me want to close it. 

[Ficoproblems247]

I also echo what the wise members before me here just posted. I was ecstatic when I was finally given an offer to PC my QS1 to another card because like they said, it's a hard one to get out of! To touch on your question about internal consideration by them; I don't think this is actually the case. I believe that they decide what internal tier or "bucket" your card is in when they approve you initially. On the other hand, I would at least assume that V1 has a higher max limit than QS1, although I am not 100% certain of this. If you asked Cap1 they might even give you that info. Either way, big congrats on your offer, and let us know what you decide to do! (We're all nosy around here )

[seattletravels]

I'd snatch that V1 offer with a quickness!

[Anonymous]

Thanks everyone. Based on the feedback I went ahead and accepted the product change.   

[AllZero]

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@Anonymous wrote:

Thanks everyone. Based on the feedback I went ahead and accepted the product change.   

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Congratulations on your product upgrade!

[blindambition]

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@Anonymous wrote:

I have had the Quicksilver One for about 5 months with a $3,000 limit. Recently completed the steps program for a $500 increase. I was checking my upgrade options and I can change to the Venture One. I don't want the annual fee but it is not coming up soon. The 1.5% cash back is alright but I mainly use my Discover It for categories and Amex Gold. Quicksilver would probably be ideal with no annual fee. But this is what I have now and I heard it is hard to change the Quicksilver One. Is Venture One considered a higher level card internally with Capital One and be easier to increase credit limit etc.? I need to decide if I should change or wait. 

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Mine started as an Old Orchard/HSBC card before acquired by CO. These cards were only eligible for QS One when QS was introduced. I got AF permanently waived before upgrades allowed.

Once they allowed upgrades, switched to VO, my only option. Exactly 6 months later switched to QS.