How do I apply for the Capital One Quicksilver card?

Your Capital One Quicksilver approval odds are higher if you have a credit score of 700+. This means that you need at least good credit to get this card. Capital One will also review your annual income, sources of income, and housing status, among other factors.

Factors that Influence Your Capital One Quicksilver Approval Odds... read full answer

• Good credit (a credit score of 700+)
• Enough income to pay your credit card bills
• Low debt relative to income
• Low housing costs relative to income
• U.S. mailing address
• Age of 18+
• Social Security Number or Individual Taxpayer Identification Number

To get a better sense of your approval odds before applying for Capital One Quicksilver, you can check for pre-approval on the Capital One website.

Things to Know About Capital One Quicksilver Pre-Approval

• Generally, pre-approval means that an issuer estimates that a borrower has a good chance of being approved.
• The issuer’s pre-approval tool isn’t card-specific, so you can’t check for one card in particular. Instead, it will tell you for which Capital One card(s) you have the highest approval odds.
• Pre-approval uses a soft inquiry, so it won’t affect your credit score.
• Keep in mind that pre-approval does not mean guaranteed approval. You will still have to submit an application before you’re approved.

Note that applying for the Capital One Quicksilver Card will trigger a hard inquiry on your credit report, which can temporarily hurt your credit score. So make sure you know where you stand before applying. You can check your credit score for free, right here on WalletHub.

The Capital One Quicksilver credit limit depends on your income, creditworthiness and payment history. According to anecdotal reports, the card’s credit limit can be as low as $750 and as high as $10,000. However, Capital One does not list a minimum or maximum credit limit in the card’s terms and conditions.

If you want to aim for a higher credit limit, there are a number of areas you should focus on improving.... read full answer

Biggest Factors Affecting Capital One Quicksilver Credit Limits

• Your payment history. If you’ve consistently paid your bills on time, creditors will view you as more trustworthy and will be more likely to extend you higher credit lines.
• Income and assets vs. existing debt. The more money you have available for bill payments, the more comfortable a lender will feel.
• Rent or mortgage payments. If these payments take up too much of your monthly income, you’ll have less to spend on credit card bills.

You need at least good credit to get approved. The better your credit is, the higher you can expect your spending limit to be.

One of the best credit cards for a 550 credit score is the OpenSky® Secured Visa® Credit Card. There’s no credit check when you apply, so approval is almost guaranteed. You just need $200 for a refundable security deposit and enough income to make monthly payments. This card also reports to all three major credit bureaus... read full answer (Equifax, Experian, and TransUnion) every month, which is your ticket to a better credit score. And a $35 annual fee isn’t too much to pay for that.

However, this isn’t the only credit card you can get with a 550 credit score. In fact, there are two kinds of credit cards for people at that credit level: secured credit cards and unsecured credit cards for bad credit. A 550 credit score is within the bad credit range, which goes from 300 to 639. But picking the right 550 credit score credit card and using it responsibly could help you improve your score.

Some of the best credit cards for a 550 score:

You can also check our editors’ complete picks for the best credit cards for bad credit to see which one best suits your needs.

Before applying for a card, make sure to check out its terms and conditions, or an FAQ page if there is one. This way, you can make sure you fit the criteria for eligibility. You can also try getting pre-approved for a credit card. It won’t hurt your credit, and it will give you a good idea of your odds if you decide to apply.