quicksilver approval score?

[padme]

my QS1 at 3k was 609 or like.. got the venture also with 609..

[Knight302]

I know this is an old thread but I have some questions concerning QS1. I checked my Capone pre-quals and all it is giving me is the QS1 and the cap1 platinum. I have a cap1 platinum now. Had only a $1,300 limit for a year until last month. I hit the luv button and immediately received a $2,000 CLI bringing my total CL to $3,300 on the platinum card.

    My question is this. Should I pull the trigger on the QS1 and hope for a #3k or $4k limit? I don't know what the limit would be and would only use the card minimally as I am still rebuilding. My current scores on MyFico are EQ 661, TU 659, and EX 651 (although my EX credit report and monitoring on the experian site shows it as 669). My goal is to have the Venture card but I know it is not within reach right now.

   What would you do? Apply and be happy with a $1,000 limit if granted or sad that it wasn't $4k?

[sjt]

My coworker was approved for the QS1 with a $3k limit. His scores were just under 600.

[CreditCuriosity]

Personally I would just go for the Venture that way you are guranteed a 5k CL if you are seeking a good CL?  Try to PC it down the line to a QS after meeting spend and 6 months to year down line before AF hits..  I think you would probably get approved as alot of people with your scores have been approved, although it could be a decline as well.. Only one way of finding out..  Also alot of the approvals weren't by pre-quals and you already have a relationship with Cap1, just my take on it...

[Anonymous]

Cap 1 PC'd me from Platinum to QS ( 750 cl) with 575 eq fico.

[Knight302]

Tried for the Venture but declined. Decided to try and go for the AMEX Blue Preferred. Got a message that said to call. I did so and the operator told me that I already have two AMEX with $1,000 CL's and was wondering why I wanted another AMEX and had to be "approved by executive board" whatever that means. I told him what I was trying to do (transfer a couple of balances on some other cards) and simplify my wallet. I have many CC's but no really high limits and none of my cards carry heavy balances.

   For example, I have the following:

1.   Carnival Funpoints Platinum MC with a $3750 limit
2.  Wyndham Rewards $1,000 CL (the love button never gives me any love and no auto increases)
3. Cap1 Platinum $3,300 CL (recent $2,000 luv button increase)
4. Chase Freedom $500 CL (no luv from them)
5. Discover It $500 CL
6. Delta Skymiles AMEX $1,000 CL
7. Starwood PFG AMEX $1,000 CL
8. WalMart store card $2,000 CL
9. Amazon Store Card $1,000 CL
10. Kay Jewlers $6,000 CL
11. Macys, Target, Steinmart, and Belk Store Cards each with a $750 CL and a few other varios store cards
12. Rooms to go store card $2,000 CL
13. I have not hit the $30,000 mark yet on credit limits and my balances carried are less than 10% with most paid off monthly

   I have been trying to rebuild my credit but I feel I have too many CC's. Not worried about the store cards because I think I only have about $200 total on all of them now. I purchased my wife a diamond ring with my Kay card and paid off the $900 balance I had left in May. I don't know what to expect from AMEX Blue Preferred. it is probably going to be a denial but the guy said he would walk it through. Don't know about their promises. My income may be too low ($79,000/yr) but I have savings and investments over $150,000 that they asked about.

    Has anyone with scores such as mine (EQ 665, TU 659, EX 669) had any experience or success with getting this card, especially with my scenario? I have 2 collections on my report (one for $95 and one for $170) that I paid. The $170 was recent and I knew nothing about it until it popped up on my CR. When it did, I called and tried to negotiate removal but they said no so I just paid it in full (old medical bill that I thought I had paid). They claimed they sent me a letter in March but I never got it. Anyway, it is there.

   Thoughts?

[Anonymous]

^ ^

I think the Venture card is currently out of your reach and your collection is too recent. Also I think you may need higher scores to get that particular one due to your history.

I recommend getting the Capital One Journey or the QuickSilver-One (MasterCard) and then build from there. Because they are both in the "FAIR CREDIT" category, they automatically come with the "Credit Steps" program that Capital One offers. I recently applied for both those cards back in February of this year and receive $1,000 credit limit each. I spent about $1,000 on the Journey and $3,000 on the QuickSilver-One (MasterCard) so far. Earlier this week, I made a request for a credit limit increase online and got an extra $1,000 for the Journey and $3,000 for the QuickSilver-One (MasterCard). Now the credit limit for the Journey has $2,000 and the QuickSilver-One (MasterCard) has $4,000. Because I was automatically enrolled in their "Credit Steps" program, I will still receive a credit line increase after the 6th statement.

When I applied, my FICO scores were between around 630-640; definitely below 650. I also had negative factors such as delinquency/derogatory/collection on my credit report, but not as recent as yours.

If you decide to get the cards I mentioned above, just make sure you make big and if possible, single payments per month to pay off your credit card bills completely before the cycle closes. Don't make multiple small payments. Make sure that when you get the statements, it shows $0 balance. You'll qualify more for an credit line increase that way. Of course, paying on time is already assumed.

[Knight302]

Well, AMex Blue preferred is evidently a no go. Status changed this morning to cancelled. The funny thing is, about 3 hours later I get an email from amex that said we are excited that you applied for the Amex blue and we are reviewing your application now and will keep you informed of our decision or if we need further information. While we are reviewing your application ease do not apply for another Amex blue.
Sounds like a denial to me but it was worth a shot, especially with my scores (btw my TU jumped to 679 yesterday, cool, a 20 point jump). Anyone else have a similar experience?

[Anonymous]

yall need to start looking for the regular Quicksilver Visa offer like I got. 0% interest for 10 months, no AF, and was enrolled in credit steps. Credit scores were in the 620 range when I app'd in December. Initial CL of $1k, guaranteed increase to $1.5k in 6 months after 5 timely payments. I said, to heck with that, after 5 payments, hit luv button, instant $2k increase to $3k.

Granted...my 22.9%apr seems horrendous....I guess I will have to attempt a PC in Sep/Oct

[xautodetail]

i have my 611 QS one