Capital One Quicksilver approval odds are highest for applicants with a 700+ credit score. 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 soft 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.
There are two versions of the Quicksilver Rewards card. If you are approved, your credit history and reported annual income will determine which you will receive. Applicants with higher credit scores and credit profiles will receive the Quicksilver Visa Signature card. Its minimum credit limit is $5,000. If you’re approved for the Visa Platinum card, you will start out with at least a $1,000 credit limit.