The best Capital One Quicksilver promotion is its welcome bonus. The card offers $200 for spending $500 in the first 3 months of account opening. However, this is not the only promotion that the Capital One Quicksilver has.
Here’s what the Capital One Quicksilver currently offers:
Intro APR. The Capital One Quicksilver card offers promotional APRs of 0% for 15 months on purchases and balance transfers. The card's regular APR is 15.24% - 25.24% (V), based on your credit standing. And its balance transfer fee is 3%.
$0 annual fee.
Ongoing rewards: With the Capital One Quicksilver, you can earn 5% cash back on hotel and rental cars booked through Capital One Travel, as well as 1.5% cash back on all other purchases.
$0 foreign transaction fee. You can use the card outside the U.S. and make online purchases from international merchants without having to pay a surcharge on every transaction.
It is worth noting that the Capital One Quicksilver requires at least good credit for approval. So, make sure you know where you stand before applying. You can check your credit score for free, right here on WalletHub.
The Capital One Quicksilver credit limit depends on your income, creditworthiness and payment history. Capital One does not list a minimum or maximum credit limit in Quicksilver’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. And the better your credit is, the higher you can expect your spending limit to be.
Yes, you can upgrade your Capital One QuicksilverOne Cash Rewards Credit Card to a better offer as long as you’ve had the card for at least several months, and you will have the best odds if your credit score and income have gone up since you applied. To see if your Capital One QuicksilverOne card qualifies for an upgrade, call customer service at the phone number on the back of your card. Capital One also periodically sends targeted upgrade offers to existing cardholders on their … read full answeronline account.
Capital One QuicksilverOne Card Upgrade: What You Should Know
Capital One does not state a specific amount of time the card account must be open before it’s eligible for an upgrade, but it’s a good idea to wait at least 6 months before requesting an upgrade.
Capital One only allows upgrades to cards within the same card family. For example, you cannot upgrade from Capital One QuicksilverOne to a business card or co-branded card.
If you upgrade to a Capital One card with an annual fee, the charge will appear on the new card’s first monthly statement.
If you’re eligible for a refund on your Capital One QuicksilverOne card’s annual fee, Capital One will pro-rate the amount of your refund, based on how long it’s been since the fee posted to your original account.
You will not be eligible for any initial bonuses or introductory 0% APR offers associated with the new card, unless they’re included as part of the upgrade offer.
Capital One QuicksilverOne card upgrades do not require a hard inquiry on your credit report, so there’s no effect on your credit score.
A Capital One QuicksilverOne card upgrade typically takes just a few minutes. If you are approved, you should receive your card within 7-10 business days from the approval date. Your card number won’t change, but you will receive a new card with an updated expiration date and security code.
You can use your old card until the new one arrives, and it will have all the benefits of the new card as soon as the upgrade is complete. Your current credit limit and APR will carry over to the new card, as will any unredeemed rewards, unless stated differently in the upgrade terms.
The Capital One Quicksilver credit score requirement is a score of 700 or higher, as applicants need at least good credit for approval. Capital One also considers applicants’ income and debt when making approval decisions for the Quicksilver card.
The Quicksilver 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 credit have a shot at approval, too. And if you get the Capital One QuicksilverOne Cash Rewards Credit Card, you can easily upgrade to Capital One Quicksilver once your score is higher.
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