Chip Lupo, Credit Card Writer
@CLoop
The biggest disadvantage of the Capital One Quicksilver Cash Rewards Credit Card is that it is available to people with at least good credit, which means the average person may struggle to qualify. There are a few other disadvantages of the Capital One Quicksilver to be aware of, too.
Capital One Quicksilver Disadvantages
- Available to people with high credit scores: The Capital One Quicksilver is avialble to applicants with at least good credit.
- High APR: The Capital One Quicksilver has a relatively high APR, at 19.24% - 29.24% (V).
- Balance transfer fee: The balance transfer fee is 3% for the first 15 months, 4% at a promo APR that Capital One may offer you at any other time.
In addition, there are plenty of potential disadvantages applicable to all or most credit cards. Some examples are the hard credit pull that usually happens when you apply, interest charged on balances that are carried from month to month, and the potential to overspend.
Capital One Quicksilver Cash Rewards Credit Card
Capital One Quicksilver Cash Rewards Credit Card
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People also ask
Is it hard to get a Capital One Quicksilver Card?
The Capital One Quicksilver Card is hard to get because you need at least good credit to be considered for approval. You also need a steady income to qualify for the Capital One Quicksilver (see details, rates & fees) card.
Keep in mind that even if you meet all of the requirements for the Capital One Quicksilver (see details, rates & fees) credit card, you’re never guaranteed to be approved. If you have less than good credit, you can consider the secured version of the Quicksilver card, the Capital One Quicksilver Secured Cash Rewards Credit Card (see details, rates & fees), which might be easier to get.
read full answer by Sebi Mitchell, Credit Cards ModeratorWhat is the Capital One Quicksilver Cash Rewards Credit Card credit score requirement?
According to WalletHub editors, applicants with a credit score of around 700 may have better chances of being approved for the Capital One Quicksilver Cash Rewards Credit Card (see details, rates & fees). That means people with good credit have a shot at getting approved for the Capital One Quicksilver (see details, rates & fees) Card.
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 the Capital One Quicksilver (see details, rates & fees) Card, too. Some other key criteria include your income,...
read full answer by Maria Adams, Credit Cards ModeratorWhat is the Capital One Quicksilver credit limit?
The Capital One Quicksilver credit limit depends on your income, creditworthiness and payment history, which are evaluated once you apply for the card. According to anecdotal reports, the card’s credit limit can be as low as $750 and as high as $10,000. However, Capital One does not list a minimum or maximum credit limit in the card’s terms and conditions.
If you want to aim for a higher credit limit, there are a number of areas...
read full answer by Carmen Peters, MemberDid we answer your question?
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