Quicksilver One upgrade to World Elite?

[mikeym5541]

i just received an email from cap1 that my quicksilver one was getting upgraded to a world elite mastercard. ive been with cap1 for ~15 months. started with $300 limit and currently only up to $2750 with a 8-10k monthly spend. cant seem to find anything on the cap1 site about this and was curious if theres any legitimate benefit? my primary concern is that i retain the cash back rewards. thanks.

[HeavenOhio]

Nothing is going to change except for the addition of some (unexciting) benefits from MasterCard. There's no negative to this.

[topgunvf]

$8-10K MONTHLY spend? With only limit of $2,750!?🤔🤔🤔 I'm surprised they haven't done more than just that holy Hannah. I thought I used and abused my cards with them. Congrats!

[mikeym5541]

i had issues years ago, and went without credit cards up until ~15months ago when i received the cap1 qs1 and a $2500 discover secured. pulling myself out the hole putting as much business expense as i can on the 2 cards, paying them off almost daily. fico8 is up from 550 to 670, but still not getting any love from the cc companies. i just hung up with cap1 and they wont upgrade qs1 to qs, and discover still hasnt converted to unsecured... really frustrating.

[topgunvf]

I feel ya on the Disco. They're an odd bird. Have you tried Amex prequal? You may be pleasantly surprised and a charge card may help alleviate a little pressure with the NPSL. As it stands the PRG is fixin to be a pretty solid keeper card in the next few days if all goes well with the refresh.

Congrats on your progress and good luck!

[SBR249]

I second the AmEx. 15mo should be plenty of history for them and unless you've got major derogs I'd be surprised if they don't bite. If you are mostly putting business spend through your cards, might want to consider applying for an AmEx business card instead of a personal one. 

[Anonymous]

Received something similar. They are "upgarding" me to visa signature from platinum. I would probably never use it, but I will for the contactless payment bonus.

[mikeym5541]

2 chargeoff from early 2012, citi for 15k and amex for 30k. citi was paid in full and removed, but amex remains as only blemish on my report. amex unfortunately isnt an option.

[UpperNwGuy]

MasterCard World Elite and Visa Signature will give you a warm fuzzy in the pit of your stomach, but the upgrade has no practical benefit.

[Anonymous]

QS1 won’t ever upgrade to QS - they won’t change a card with an AF to one without it. You’d have to app for the QS and it really isn’t much worth doing for a 3 HP burn. If you’re eligible to app for a second Discover, it might be worth it now with your scores where they are. You can hit the prequal page and see what they’d offer.