How can I get a Capital One Quicksilver credit limit of $10,000?

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.

You can request a Capital One Quicksilver credit limit increase either online or by phone. When making a request, you’ll need to provide Capital One your total annual income, employment status and monthly mortgage or rent payment. So, make sure to have that information ready before submitting your request for a higher chance of approval.… read full answer

Keep in mind that new accounts opened within the past several months are generally considered ineligible. Capital One also recommends a history of on-time payments above the minimum amount due with all creditors. Anyone who has received a credit line increase or decrease on their Capital One Quicksilver in the past several months is usually not eligible.

Here’s how to get a Capital One Quicksilver credit limit increase online:

1. Log in to your Capital One online account home page.
2. Click the "Services" tab.
3. Click the "Request Credit Line Increase" link.
4. On the request form, enter your total annual income, employment status, monthly housing payment, and maximum desired credit limit.
5. Click "Submit".

To request an increase by phone, call Capital One customer service at the number on the back of the card. From the automated phone system, choose "More Options" to hear the credit increase option. You will need to provide the same information as you would for an online request.

Here’s what happens after you submit the Capital One Quicksilver credit limit increase request:

Asking for a Capital One Quicksilver credit limit increase will not affect your credit score, as Capital One uses a soft pull for all credit limit inquiries. Moreover, after you’ve submitted your request, Capital One generally provides a decision immediately. But if they need to review further information, it may take up to 30 days to receive a decision. If you’re approved, your new credit line will be available immediately.

If you’re denied a credit limit increase, Capital One allows you to submit another request any time you like, but your odds of approval are better if you wait six months. Capital One Quicksilver also offers the possibility of automatic credit limit increases for select customers. But there’s no guarantee when, or if, one will occur.

Yes a $10,000 credit limit is good for a credit card. Most credit card offers have much lower minimum credit limits than that, since $10,000 credit limits are generally for people with excellent credit scores and high income.

Your credit score is not the only factor that's taken into consideration when a lender determines your credit limit. Your income, assets and existing debt all contribute to this decision.… read full answer

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