Capital One Quicksilver is an unsecured credit card, meaning that it doesn’t require you to pay a security deposit when opening a new account. If you’re approved, you’ll be granted a credit limit based on factors such as your credit score, income, and repayment history.
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
The Capital One Quicksilver annual fee is $0 per year. Capital One Quicksilver’s $0 annual fee is lower than the average annual fee among new credit card offers right now. It’s not the only fee you need to worry about with the Capital One Quicksilver Cash Rewards Credit Card Card, though.… read full answer
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.
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