Can I upgrade from Capital One Platinum to Quicksilver?

Yes, you can upgrade from Capital One Platinum to the Capital One Quicksilver Cash Rewards Credit Card either with an offer from Capital One through your online account or by requesting it over the phone, by calling the number you see on the back of your card. Capital One tends to offer upgrades on accounts that are at least six months old with a history of timely payments and low credit utilization. 

How to Accept an Offer to Upgrade from Capital One Platinum to Capital One Quicksilver Online

1. Click “Upgrade Now” on the notice in your online account or email, followed by “Finalize Now.”
2. Check the box stating you agree to the terms.
3. Click “Upgrade Card” to complete the process.

Upgrade offers do not affect your credit score. If you call customer service to request an upgrade, however, Capital One will pull a copy of your credit report to see if you qualify. This will cause a slight decrease in your credit score, but only temporarily.

What Happens Once You Upgrade from Capital One Platinum to Capital One Quicksilver

Once you’ve qualified to upgrade Capital One Platinum to Capital One Quicksilver, you should receive your new card in about 7 to 10 business days. Unless it’s stated differently in your upgrade offer, you will keep your current card number with no changes to either your APR or credit limit.

You can use the Capital One Platinum and utilize Capital One Quicksilver’s features and benefits until the new card arrives. However, when you upgrade, you are not eligible for the Capital One Quicksilver’s $200 initial bonus.

What to Do if You Don’t Qualify for an Upgrade to Capital One Quicksilver

If you don’t qualify for an upgrade from Capital One Platinum to Capital One Quicksilver, consider the Capital One QuicksilverOne Cash Rewards Credit Card instead. Its credit requirements are similar to the Capital One Platinum’s, but it offers 1.5 - 5% cash back on all purchases. There’s also a $39 annual fee.

Capital One can upgrade you to the Quicksilver card. If you aren't automatically upgraded to Quicksilver from Platinum, you can check if you're eligible here. Good luck!