What are my Capital One Quicksilver approval odds?

This question is about the Capital One Quicksilver Cash Rewards Credit Card

Bogdan Roberts, Credit Cards Moderator

@bogdan_roberts 04/09/21 This answer was first published on 04/09/21. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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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 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.

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.

Capital One Quicksilver Cash Rewards Credit Card

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JAMIE THOMPSON, Retired Accountant

@ExTaxMan 04/09/21 This answer was first published on 06/24/19 and it was last updated on 04/09/21.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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If you don’t qualify for the Capital One Quicksilver, consider the Capital One QuicksilverOne Cash Rewards Credit Card instead. This card is designed for people with fair credit or limited history. Plus, Capital One QuicksilverOne gives 1.5% Cash Back cash back on all purchases, just like the Capital One Quicksilver.

People also ask

Does Capital One do a hard pull?

Yes, anytime you apply for a Capital One credit card it results in a hard inquiry on your credit report.

Keep in mind that a hard pull may result in a small temporary decrease in your credit score. Your score may also drop a bit when you get approved and open your account, but that’s only temporary as well.… read full answer

A hard pull usually causes an applicant's credit score to drop by 5-10 points. Most people’s scores bounce back within 3-6 months with responsible credit management, but it can take up to 12 months. You can learn more about how to minimize the credit score damage here.

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How long does it take for a Capital One credit card to arrive?

It takes about 14 calendar days for a new Capital One credit card to arrive. And it takes 4-6 business days to get a replacement card, unless you pay $16 for delivery in 2-3 business days. There are no options to get new cards faster. But it won’t always take 14 days for a new card to reach you, depending on how far it has to travel. That’s just the timeframe Capital One quotes people. … read full answer

As far as the approval timeline goes, you could be instantly approved for a Capital One credit card if you apply online. On the other hand, Capital One may need longer to verify your information and decide whether you’re creditworthy enough for the card. If you don’t get a decision right away, you can usually expect to hear back within 7-10 business days. That means you should get your Capital One credit card 14-24 [business] days after submitting an application, assuming you’re approved.

Here’s how long it takes for a Capital One credit card to arrive:

New cards take up to 14 calendar days to arrive, following account approval. You can’t pay to speed this up.

Replacement cards take 4-6 business days to arrive. You can cut that timeframe in half by paying $16.

It can take 7-10 business days to get approved for a Capital One credit card, if you’re not approved instantly when you apply.

You can expect to have your Capital One credit card in hand anywhere from 2 weeks to a month after you apply.

You can use your Capital One credit card before it arrives if you download the Capital One app. The app shows you all your card details.

If you’re in the market for a Capital One credit card, there are a ton of good options. The Capital One Venture Rewards Credit Card is ideal for travel, while the Capital One Quicksilver Cash Rewards Credit Card is great for cash back. If you have limited history, you can consider the Capital One QuicksilverOne Cash Rewards Credit Card and if you have bad credit, you might want to check out the Secured Mastercard® from Capital One.

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What is the Capital One Quicksilver credit score requirement?

The Capital One Quicksilver’s credit score requirement is “good” (700 or higher). Capital One also considers applicants’ income and debt when making Capital One Quicksilver card approval decisions. With a $0 annual fee, unlimited 1.5% cash back on every purchase and a $200 signup bonus, Capital One Quicksilver is an excellent rewards card.… read full answer

If you don’t meet Capital One Quicksilver’s credit score requirements, the Capital One QuicksilverOne Cash Rewards Credit Cardis easier to get. This card has the same 1.5% cash back rate as Capital One Quicksilver, but with no signup bonus and a $39 annual fee. Applicants with limited history have a shot at approval, though. And if you get the Capital One QuicksilverOne Cash Rewards Credit Card, you can easily upgrade to the Capital One Quicksilver once your score is higher.

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