@Anonymous wrote:I currently have a Cap 1 Platinum and a QS1. I just checked their site and it says that I'm pre-qualified for a standard visa Quicksilver. Both of my accounts are new, the QS1 has 2 statements and a credit line of $500 with $0 balance....my Platinum has 1 statement, a credit line of $1000 and a $0 balance that I'm going to charge $70 (7%) on before the 2nd statement cuts in a few days.
I already tried a CLI request but both want 3 statements before approved.
What is the strategy? Should I wait for 3 statements on both then CLI on both and then upgrade or....not sure. Any assistance would be appreciated.
Credit bio:
CCT FICO scores on 2/3/16 are EX 628 TU 644 EQ 639 (they were all in the low to mid 500's in November)
Usage 3%
AAOA 2.2-3.2 years with mostly all new credit in the past 3 months. I have 3 older closed accounts.
3 Bank Credit Cards Cap1 Plat, Cap 1 QS1 and Wells Fargo Secured
Retail: Walmart, Eddie Bauer, NY&Co., Overstock, BrylaneHome
Settled BofA CO. Last late on 2 reports 3/14
No collections (thanks to the forum for help getting those purged)
1 Personal loan from Wells Fargo balance $2800 (93% of original balance) I used the money that I had to pay off collections to fund a secured personal loan with BofA and used the proceeds to pay off the collections
No lates on anything exept the old BofA
Just keep requesting every few days. I got mine about two-three weeks after the second statement. Went from $500 to $1500.
If you are Pre-qualled for the QS visa, I would go for it. The QS is usually a $3K SL and I think it has a $100 spending bonus.
awesome info its glad to see that it is possible to get the conversion a little early. Thanks for sharing your results. Its also cool to see the increase so soon. 
I will be doing the same once a some time passes (i also just got these two cards)
SAILQUEEN - Congrats on your success!
So here is an update for me -
I initiated a chat and was able to upgrade the platinum to a QS1, though there will still be an annual fee of 19 (not 39). When I pressed the guy, he said that it could not be waived.
I asked if there was anything I could change my existing QS1 to, but he said there were no offers at this time for that card. So now I have two QS1 cards - I'm happy that both cards will earn rewards now. Anything was better than the platinum LOL. Although, I have to admit, it seems as though a lot of folks on the thread get more love from Cap One a lot sooner than 6 months - I don't know if it has to do with the fact that I started out with a pretty decent limit?
So here's what I was thinking. According to the prequal link, I prequalify for the Venture, Venture One and regular QS Visa. I was thinking that next month, when I pay the balances off, and hopefully see a decent score boost, I would apply for a VentureOne and a reg QS, and at some point down the road, combine the 2 QS1. That would initially be 4 cards, but ultimately 3 after the account combination. Any thoughts as to whether this is a good idea?
Now when they say the 2 cards you want to combine have to be 6 months old, does this mean I have to wait six months from now, since the platinum card just turned into a QS1? It does have the same account number, so I'm not sure, and I forgot to ask.
Any thoughts? Thanks in advance!
You can combine the two cards once six months has passed since they where opened not PC'ed also the card you are transferring the CL from must have a zero balance. As far as applying for two cards next month Capital One has a policy only one application every six months.
@Anonymous wrote:SAILQUEEN - Congrats on your success!
So here is an update for me -
I initiated a chat and was able to upgrade the platinum to a QS1, though there will still be an annual fee of 19 (not 39). When I pressed the guy, he said that it could not be waived.
I asked if there was anything I could change my existing QS1 to, but he said there were no offers at this time for that card. So now I have two QS1 cards - I'm happy that both cards will earn rewards now. Anything was better than the platinum LOL. Although, I have to admit, it seems as though a lot of folks on the thread get more love from Cap One a lot sooner than 6 months - I don't know if it has to do with the fact that I started out with a pretty decent limit?
So here's what I was thinking. According to the prequal link, I prequalify for the Venture, Venture One and regular QS Visa. I was thinking that next month, when I pay the balances off, and hopefully see a decent score boost, I would apply for a VentureOne and a reg QS, and at some point down the road, combine the 2 QS1. That would initially be 4 cards, but ultimately 3 after the account combination. Any thoughts as to whether this is a good idea?
Now when they say the 2 cards you want to combine have to be 6 months old, does this mean I have to wait six months from now, since the platinum card just turned into a QS1? It does have the same account number, so I'm not sure, and I forgot to ask.
Any thoughts? Thanks in advance!