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how high do credit limits go on quicksilver 0ne

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Contributor

Re: how high do credit limits go on quicksilver 0ne

I had a secured plat at $500 (credit steps 200 original) that was PCed to a QS with total limit now @ 1651. Not sure if the PCed QS grows at the same rate as the QS1. I called in about an increase in June 2018. Was told that was to be my only increase & just went about using it maxing it out & repaying 5x the amount for 3 more months (to my udder surprise/shock auto increased to 1000 in Septemper) now currently 1651 after requesting & accepting $150 a couple days ago after 6 months.

If I can get it to $3000 i consider that modest but over $8000 would be even better, I wouldn't need more than that on the card anyway. I'm low income (little over $30,000) & my discover is already @ 4000 from original SL of 2000
Discover: $7200
Cap One QS: $1811
CFU: $4400
PPMC: $10,000
AAOA: 19 mos
Experian (fico 8) 756
Transunion (fico 8) 759
Equifax (fico 8) 768
Message 11 of 14
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Contributor

Re: how high do credit limits go on quicksilver 0ne

@HeavenOhio: I was looking into Paypal 2% MC but I really want a Visa & the Chase FU is my goal card (just wish it was a 2% card thou) I already have a MC through my PCed plat & since I've banked with them for over 20 yrs once I get UTIL down to between 1-2% in the next couple of months, going to app for it in June. Just considered about getting a decent SL with them if approved.

Also like u said, too many other requirements to get a 2% card although the Paypal is the least amount headache to pursue unless I'm ever in the position in the future to get the CSP.
Discover: $7200
Cap One QS: $1811
CFU: $4400
PPMC: $10,000
AAOA: 19 mos
Experian (fico 8) 756
Transunion (fico 8) 759
Equifax (fico 8) 768
Message 12 of 14
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Frequent Contributor

Re: how high do credit limits go on quicksilver 0ne

I started at $300, went to $500 with baby steps.....still been sitting there for 6 months. Had the QS1 for a year now. 

 

Denied me twice on CLI's. Also have a Platinum Secured which was initially a $99 deposit, for a $200 CL, then they baby stepped Auto CLI me to $500. That card is completely useless to me at this point. 

 

Getting a bit frustrated with Cap One, they were a great life line to me when I started my rebuild, but they've been shafting me on CLI's. 

 

My crummy Legacy VISA gave me a CLI to $750 after 4 months for God's sake.

 

On a side note....Cap One has been ASSAULTING my mailbox with Auto Financing offers, they're really pushing hard for Auto Loans these days. 


AMEX Gold / Home Depot CC $3K/ Discover IT Chrome $2K SL / PayPal MC $2K /
BOA BankAmericard $2K / BOA Cash Rewards $1000 / Cap One Savor One $1000 / Blaze MC $1500 / Credit One $850 / OpenSky $500 / AvantCard $500 / Discover IT Cash Back (Graduated Secured) $200 CLI to $400 / EBAY MC $300
Jan of 2017 Credit Karma: 404 -SEPT OF 2018: EX 652 EQ 626 TU 604
AUGUST OF 2019 1% UTL - EX 681 EQ 667 TU 659
Total Credit Limit: $16150 -
Goal Score: 675 for all FICOS (ACHIEVED EX)
Message 13 of 14
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Senior Contributor

Re: how high do credit limits go on quicksilver 0ne


@HeavenOhio wrote:

I've seen QS1 limits in the high four-digits. But this card might also be in a starter bucket that doesn't grow very much.

 

The bottom line is that because of its fee, the QS1 isn't a keeper card. It needs to be product-changed (PCed) or closed as soon as you can reasonably pull it off. PCs are difficult with this card. The best recommendation is to use the card each and every month. I was able to PC two QS1s after 12 or 13 consecutive months of usage, and a handful of datapoints here indicate that consistent usage helps. The amount of spending doesn't seem to matter as long as the card is used.

 

@Saeren, I've never applied for a 2% card because none of them are a fit for me. There's either a requirement that I don't want to meet (like maintaining another account) or I've rejected doing business with the bank (Citi, Synchrony).


I was able to PC my QS1to a QS after 6 months.   It saw HEAVY usage (3X the CL monthly).  I was supposed to get a $200 credit steps increase instead I go $3K so I called and was able to pull off the PC.   At the time I didn't know that it was supposed to be hard to do that. 


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