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 will receive is $1,000. Capital One does not list a maximum credit limit in Quicksilver’s terms and conditions. But it seems to be around $10,000, based on what cardholders report in the forums.
Your credit info and spending power determine not only your credit limit, but also whether you get a Visa Signature card or a Visa Platinum card. If you get approved for a Capital One Quicksilver credit limit of $5,000+, you’ll get the Visa Signature version. If your limit is lower, you’ll get the Platinum Visa. There isn’t much of a difference between the two, but Visa Signature cards provide some additional secondary benefits.
If you want to aim for a higher credit limit, there are a number of areas in which you should focus on improving.
Here are the 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 & assets vs. existing debt. The more money you have available for bill payments, the more comfortable a lender will feel.
Rent/mortgage payments. If these payments take up too much of your monthly income, you’ll have less to spend on credit cards.
Remember, if you’re approved for the Capital One Quicksilver Credit Card, you’ll 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.