Quicksilver Vs. QuicksilverOne

[Anonymous]

Currently I'm rebuilding my credit. Back in December 2015 I took an offer in the mail for a Capital One Platinum and was approved for a 750 limit. I took advantage of the 0% intro APR and pretty much maxed it out and paid it off over the 9 months. After 4( or 5 can't quite remember) months I got a credit limit increase of 2000 dollars on it for a total limit of 2,750. Back when I had good credit I used a cashback card as my go-to every-day card and made decent money on it. I don't really have any incentive to use this Cap1 Plat card as there is no reward for it.

I Applied for a Chase unlimited freedom card and was declined. I have 3 collections, the reason listed for declined was derogative activity with the bank. I went to a chase branch and paid it off, called the recon twice, both times they said "nope". whatever.

Now I've got my eyes on Cap1's Quicksilver card. I checked my pre-approved offers and I qualify for Cap1 QuicksilverOne. QS1 has an annual fee and no sign-up bonus. The Quicksilver card has no annual fee, and offers $100 cash back when I spend $500 dollars in my first 3 months.

I want to apply for the Quicksilver card but I'm afraid of being declined again. If I apply for the Cap1 QS card and I am declined can I call the recon line and get the QS1 card instead without an additional credit pull?

[Anonymous]

Hi estopolis, I started with a Cap1 Platinum and I was able to product change it to the Quicksilver MC with no annual fee, and with the cashback feature. It was really easy to do. I used the online chat feature. I would recommend going that route, that way no chance of using a hardpull and getting declined. Good luck! I hope it works out!

Edited to add that it's kind of a trade off, because if you PC the Platinum to the QS MC you won't get the $100 bonus. The other option is to app for the QS or QS1 and then close the Platinum and move its credit limit over to the new QS.

[TruBlu]

If you apply to the QS card and are declined then you will have to take another triple pull to app for the QS1 card.

I would second Bella007's advice above. Keep in mind the QS and the QS1 all spend and earn the same, i.e. 1.5%. Besides the difference in annual fee, that is..

[Anonymous]

Trublu brings up a good point, whereas I forgot about the triple HP that Cap1 does. Reminded of that, I definitely would go the PC route if I were in your shoes. You'll get the cash rewards card you want with nothing added to your credit reports!

[Anonymous]

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@Anonymous wrote:

Currently I'm rebuilding my credit. Back in December 2015 I took an offer in the mail for a Capital One Platinum and was approved for a 750 limit. I took advantage of the 0% intro APR and pretty much maxed it out and paid it off over the 9 months. After 4( or 5 can't quite remember) months I got a credit limit increase of 2000 dollars on it for a total limit of 2,750. Back when I had good credit I used a cashback card as my go-to every-day card and made decent money on it. I don't really have any incentive to use this Cap1 Plat card as there is no reward for it.

I Applied for a Chase unlimited freedom card and was declined. I have 3 collections, the reason listed for declined was derogative activity with the bank. I went to a chase branch and paid it off, called the recon twice, both times they said "nope". whatever.

Now I've got my eyes on Cap1's Quicksilver card. I checked my pre-approved offers and I qualify for Cap1 QuicksilverOne. QS1 has an annual fee and no sign-up bonus. The Quicksilver card has no annual fee, and offers $100 cash back when I spend $500 dollars in my first 3 months.

I want to apply for the Quicksilver card but I'm afraid of being declined again. If I apply for the Cap1 QS card and I am declined can I call the recon line and get the QS1 card instead without an additional credit pull?

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You could always try for the DiscoverIt Miles instead. 1.5x miles per dollar (equal to 1.5 cents), doubled to 3x miles per dollar (equal to 3 cents) on all purchases for the first year, no annual fee. I used to have a QS1 but then cut it up and closed the account after I PC'd my ThankYou Preferred to a Citi Double Cash. If you're really big on cash back, you could do better.  Not to mention no triple pull from Disc. 

[UncleB]

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@Anonymous wrote:

Hi estopolis, I started with a Cap1 Platinum and I was able to product change it to the Quicksilver MC with no annual fee, and with the cashback feature. It was really easy to do. I used the online chat feature. I would recommend going that route, that way no chance of using a hardpull and getting declined. Good luck! I hope it works out!

Edited to add that it's kind of a trade off, because if you PC the Platinum to the QS MC you won't get the $100 bonus. The other option is to app for the QS or QS1 and then close the Platinum and move its credit limit over to the new QS.

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+1   This ^^^^ is what I would do as well. 

If you get the PC that will allow you to work on bringing your score up while earning rewards... the best of both worlds! 

[Anonymous]

Thanks for all the input. I tried the online chat route with a product change. It was really easy. I really could use that intro APR and intro cashback bonus but I didn't want to risk the hard-pull. Now I have a cashback card which is way better than where I was before.

Citi doublecash sounds pretty nice but I'm not on good terms with Citi.

Thanks again, guys.

[Anonymous]

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@Anonymous wrote:

Thanks for all the input. I tried the online chat route with a product change. It was really easy. I really could use that intro APR and intro cashback bonus but I didn't want to risk the hard-pull. Now I have a cashback card which is way better than where I was before.

Citi doublecash sounds pretty nice but I'm not on good terms with Citi.

Thanks again, guys.

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Citi is definitely a very conservative lender, and we all have our certain lenders we dislike, so I completely understand. 

It's good you got what you wanted though. 

[Anonymous]

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@Anonymous wrote:

Thanks for all the input. I tried the online chat route with a product change. It was really easy. I really could use that intro APR and intro cashback bonus but I didn't want to risk the hard-pull. Now I have a cashback card which is way better than where I was before.

Citi doublecash sounds pretty nice but I'm not on good terms with Citi.

Thanks again, guys.

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Congratulations, estopolis! That is awesome! I'm glad it worked out. I agree about the APR and bonus, but I sure am glad you didn't take the dreaded triple hard pull.