How do I upgrade from Capital One Quicksilver to Venture?

Question

The Capital One credit card upgrade process is a way to switch from one Capital One credit card to another. The process generally begins with an offer from Capital One, but cardholders can try calling the number on the back of their card to ask about eligibility. To check for upgrade offers online, visit the … read full answer Capital One upgrade offer page (log in at the prompt). From there, the upgrade process can be done entirely online.

Capital One periodically checks cardholder accounts for upgrade eligibility, so if you keep your current account in good shape by making monthly payments on time, you’ll have better odds of getting an upgrade offer. It also helps to have had your current Capital One credit card for at least 6 months.

Here’s what happens when you upgrade your Capital One credit card:

When you upgrade to a different Capital One card, your current APR and credit limit will remain the same unless it states otherwise in your upgrade offer. Your card number will remain unchanged as well, but your CVV and expiration date will change, so you will need to update any automatic payments. You should receive the new card within 7 to 10 business days.

A Capital One credit card upgrade is a good idea for people who have outgrown their current card, changed their spending patterns recently, or don’t want another hard credit inquiry on their credit report. Capital One does not pull your credit report when processing a credit card upgrade request, so there’s no need to worry about a hard credit pull. Capital One also allows upgrades between products, such as upgrading from a cash back card to a travel card, which can give a cardholder new rewards-earning opportunities.

But it’s worth considering that upgrading to a different credit card will most likely make you ineligible for any introductory APR periods or bonus offers that would otherwise come with the new card. The upgrade offer will state this before you accept.

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Answer 1 · 2019-06-26 00:57:29

Joseph Bulebush, WalletHub Analyst

@joeybule • 06/26/19 This answer was first published on 06/26/19. 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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To upgrade from Capital One Quicksilver to Venture, you can either accept an offer Capital One has already given you or call 1 (800) 227-4825 to ask them if you are eligible. The first step is to log in to your online account to see if Capital One has already decided you’re eligible for an upgrade. If you are eligible, there may be an “Upgrade Now” banner. Click on it, then check the box stating you’ve read and agreed to the terms, and then click “Upgrade Card.” You may also receive an upgrade offer either by e-mail or mail.

In all these cases, since Capital One made an offer to you, there’s no credit pull necessary. Your upgrade will go through and you will receive your new Venture card in 7 to 10 business days. You can continue using your old card until the new one arrives. And your card number, APR and credit limit should stay the same (unless the offer stated otherwise, so read carefully).

If you're a current Quicksilver cardholder and haven’t received an offer to upgrade to the Venture card, you can call customer service to inquire. There’s no credit inquiry just for asking if you’re eligible to upgrade to Venture. But if Capital One decides you are eligible and you request an upgrade, there will be a hard inquiry on your credit report. It will likely lower your credit score temporarily.

Answer 2 · 2022-05-18 00:12:26

Karen Moroz, WalletHub Mortgage Analyst

@nycKaren • 05/18/22 This answer was first published on 07/03/19 and it was last updated on 05/18/22.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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Unfortunately, if you upgrade Capital One Quicksilver to Venture, you’ll miss out on the Venture card’s sign-up bonus of at least 75,000 miles. That’s worth $750, and you’d normally get it for spending $4,000 in the first 3 months. If you want to take advantage of the bonus offer, you’ll have to apply for Capital One Venture separately, rather than upgrading your existing card.

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Joseph Bulebush, WalletHub Analyst

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