How do I apply for the Capital One Quicksilver card?

Capital One Quicksilver approval odds are highest for applicants with good credit or higher. Capital One will also review applicants’ annual income, sources of income and housing status, among other factors. Before submitting an application, prospective cardholders can check for pre-approval using the tool on the Capital One website.

Pre-approval means that an issuer thinks a borrower has a good chance of being approved. It isn’t card-specific, so you can’t check for one card in particular. But it will tell you which Capital One card(s) have the highest approval odds. Pre-approval uses a … read full answersoft inquiry, or "soft pull", so it won’t affect your credit. You will still have to submit an application before you’re approved. And even then, there are no guarantees.

Applying for most credit cards triggers a hard inquiry which can temporarily hurt your credit score, so make sure you know where you stand before applying, either by using an issuer’s pre-approval tool if available, or by checking your credit score for free, right here on WalletHub.

The Capital One Quicksilver credit limit is $1,000 to $10,000, depending on your creditworthiness. If you are approved for the Quicksilver card, the absolute minimum credit line you receive will likely be $1,000, though Capital One does not list a minimum or maximum credit limit in Quicksilver’s terms and conditions. These limits seem to be around $1,000 and $10,000 based on what cardholders report in forums, however.… read full answer

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

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.

Remember, if you’re approved for the Capital One Quicksilver Credit Card, you’ll probably receive a credit limit of at least $1,000. You need at least good credit to get approved. And the better your credit is, the higher you can expect your spending limit to be.

The best credit card 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 every month, which is your ticket to a better credit score. And a $35 annual fee isn’t too much to pay for that.… read full answer

The Discover it® Secured Credit Cardis another great 550 credit score credit card. It has a $0 annual fee and actually rewards you for making purchases. A 550 credit score won’t keep you from getting approved either. But a pending bankruptcy will.

Those aren’t the only credit cards 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, unfortunately. Bad credit goes from 300 to 639. But picking the right 550 credit score credit card and using it responsibly could help you improve your score to “fair” territory within 12-18 months.

The best credit cards for a 550 score:

• OpenSky® Secured Visa® Credit Card
• Discover it® Secured Credit Card
• Credit One Bank® Platinum Visa® with Cash Back Rewards
• Secured Mastercard® from Capital One
• Milestone® Mastercard® - Less Than Perfect Credit Considered

Before applying for a card, make sure to check out its terms and conditions, or a FAQ page if there is one, just to 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.