Can I transfer a personal loan balance to the Capital One Quicksilver card? This question is about the Capital One Quicksilver Cash Rewards Credit Card

Can I transfer a personal loan balance to the Capital One Quicksilver card?

This question is about the Capital One Quicksilver Cash Rewards Credit Card

Patrick Murphy, WalletHub Analyst

@stpatrick1982 • 08/16/21 This answer was first published on 07/14/21 and it was last updated on 08/16/21.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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Yes, you can transfer a personal loan balance to the Capital One Quicksilver card, as long as the balance transfer is not done between accounts issued or acquired by Capital One or any of its affiliates.

What is also worth noting is that the amount that you can transfer to your Capital One Quicksilver depends on the credit limit you’re approved for.

Having said that, please keep in mind that Capital One Quicksilver comes with a reduced intro APR for balance transfers: 0% for 15 months. Also, the card’s regular APR will apply to any balance transfer you make after the intro period ends, which is 19.99% - 29.99% (V), depending on your credit standing. Also, the balance transfer fee will be 3% for the first 15 months, $0 for amounts transferred at the Transfer APR.

If you are thinking about transferring your personal loan to a credit card, you can check out our editors’ latest picks for the best balance transfer cards on the market and weigh your options.

Do balance transfers hurt your credit?

Yes, balance transfers do hurt your credit when you open a new credit card account to do the transfer. Applying for a balance transfer credit card will generate a hard inquiry on your credit report, causing a slight dip in your credit score.

If you transfer a balance to an existing credit card account, however, there is no hard inquiry and no credit score damage. A balance transfer could still result in high credit utilization, though, and allow you...

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What 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...

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