You can check your Quicksilver pre-approval status online. The process should only take a few minutes. Just complete the questionnaire and click “See Your Card Offers.” The Capital One pre-approval tool is not specific to the Quicksilver card, so it will display all the Capital One cards for which you’re likely to be approved. The results are based on your responses and a preliminary review of your credit. This review is known as a soft inquiry and does not affect your credit score. You can should also check your credit score before you complete the questionnaire to better assess your odds of approval. Applicants generally need good or excellent credit for good odds.
If you’ve received a Capital One Quicksilver pre-approval offer in the mail, that means you’re already pre-approved. Capital One has initiated a soft inquiry and determined that you would likely qualify. To apply, visit the Capital One Welcome Page and enter the Reservation Number and Access Code from the pre-approval letter. You will need this information in order to have the application flagged as pre-approved.
Capital One Quicksilver pre-approval doesn’t guarantee approval, but the odds of being approved are in your favor. Most applicants who get pre-approval are approved, but you will have to submit a formal application. When you apply, Capital One will request permission to pull your full credit report. This is called a hard inquiry, and it will cause your credit score to dip a few points. Taking advantage of the pre-approval feature allows you to avoid having too many hard inquiries in a short period of time because you can apply only for cards with good approval odds.
Capital One Quicksilver requires a “good” credit score of 700 or higher for approval. Capital One also considers applicants’ income and debt when making Quicksilver card approval decisions. With a $0 annual fee, unlimited 1.5% cash back on every purchase and a $150 signup bonus, 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 card is easier to get. QuicksilverOne has the same 1.5% cash back rate as Quicksilver, but with no signup bonus and a $39 annual fee. Applicants with limited credit have a shot at approval, though. And if you get the QuicksilverOne card, you can easily upgrade to Quicksilver once your score is higher.
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.… read full answer
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.
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