What are my Capital One QuicksilverOne approval odds?

Yes, Capital One QuicksilverOne will do a hard pull on your credit report when evaluating your application. It is designed for people with limited credit (less than 3 years of credit history), and credit is extended based on an initial credit inquiry and other factors such as your income, debts and general ability to make credit card payments.

You also can prequalify for the Capital One QuicksilverOne card on Capital One's pre-qualification page, which will not affect your credit score as it will only result in a soft pull. However, if you do prequalify and want to get the card, you will need to submit an actual application which will result in a hard pull. And keep in mind that getting prequalified indicates that you have good odds of approval, but it doesn’t guarantee it.

A hard pull usually causes an applicant's credit score to drop by 5-10 points. Most people’s scores bounce back within 3-6 months with responsible credit management, but it can take up to 12 months. You can also check out some tips on how to minimize the credit score damage caused by hard pulls.

The credit score you need for the Capital One QuicksilverOne card is 640 or higher. The Capital One QuicksilverOne is also available to people with limited, so you may be able to get approved even if you have less than 3 years of credit history.

In addition, you should note that while your credit score is an important factor, there are plenty of other things that will impact your chances of being approved for Capital One QuicksilverOne, too. Some other key criteria include your income, existing debt load, number of open accounts, recent credit inquiries, employment status, and housing status.... read full answer

Since all these criteria are taken into consideration, you might be able to get approved with a slightly lower credit score. But it’s best to wait to apply until you meet the Capital One QuicksilverOne credit score requirement. You can check your credit score for free on WalletHub.

You can qualify for Capital One QuicksilverOne preapproval by visiting Capital One’s preapproval page. Checking for preapproval will only cause a soft pull of your credit. The process should take minutes at most, and it won’t affect your credit score.

You may also receive a Capital One QuicksilverOne pre approval offer by mail. In that case, all you have to do is enter the “Reservation Number” and “Access Code” ... read full answerhere to get to the card’s application.

Here’s how to check for Capital One pre approval online:

1. Go to the Capital One pre approval page.
2. Enter your name, date of birth, Social Security number and address.
3. Select the type of bank account you have and your employment status.
4. Enter your annual income and your monthly rent/mortgage.
5. Check the box that indicates you know you’re not submitting an actual credit card application.
6. Click “See If I’m Pre-Approved.”

Checking online is quick and easy. Just remember that pre-approval doesn’t mean guaranteed approval. It is about as close as you can get, though, considering that most people who are pre-approved get approved when they officially apply.

Lastly, it is worth noting that by filling out the online form, you can check if you can prequalify for several Capital One credit card offers, not only Capital One QuicksilverOne.