Capital One Quicksilver Review: A No-Fuss, No-Gimmicks Card - NerdWallet (2024)

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Capital One Quicksilver Review: A No-Fuss, No-Gimmicks Card - NerdWallet? ›

Although the card doesn't pay the highest flat cash-back rate on the market, it offers a compelling combination of rewards and redemption simplicity, low fees, sign-up bonus and 0% APR period (see rates and fees). But if what you mostly care about is a card's ongoing rewards rate, you can find richer options.

The Capital One Quicksilver Card is hard to get because it requires at least good credit for approval (a credit score of at least 700 is recommended), and you need excellent credit to get the best initial bonus. You also need a steady income to qualify for the Capital One Quicksilver card.

The credit score you need for the Capital One QuicksilverOne card is 640 or higher. The Capital One QuicksilverOne card is also available to people with no credit or limited credit history, so you may be able to get approved even if you have less than 3 years of experience.

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 you should focus on improving.

Your monthly income needs to be at least $425 more than your monthly rent or mortgage payment to get the Capital One Quicksilver Cash Rewards for Good Credit card, according to Capital One. The higher your income is above the minimum, the more likely you are to be approved.

Capital One credit cards for fair credit include QuicksilverOne, Quicksilver Secured, and the Platinum Mastercard. Your credit score is only one of the many factors that determine your credit approval odds. The best way to know if you'll qualify is to get pre-approved. It's quick, easy and won't hurt your score.

Your Capital One Quicksilver application could have been denied for various reasons. Most commonly, applications get denied because of a low credit score, insufficient income, or too much debt.

In a nutshell, the Quicksilver is typically the better card overall, but the QuicksilverOne is easier to qualify for. If you're considering one or both of these cards based on what you believe you can qualify for, keep reading to learn how they stack up.

Since the Capital One Platinum doesn't offer any rewards for spending, the QuicksilverOne is the clear winner here with its rewards rate of 1.5 percent cash back on every purchase. However, it's important to keep the card's $39 annual fee in mind when calculating how much rewards could benefit you.

You can upgrade your Capital One QuicksilverOne card to the Capital One Quicksilver Cash Rewards Credit Card by submitting a request over the phone at (800) 227-4825. Alternatively, you can upgrade your credit card by accepting an online or mail offer.

How to get a $10 000 credit limit with Capital One? ›

You can get a Capital One Quicksilver credit limit of $10,000 if your credit score and overall creditworthiness are good enough. You will need at least good credit (a credit score of 700+). But the higher your credit score is, the better are your chances of getting a $10,000 credit limit.

Capital One Venture X Rewards Credit Card

A rating of 5 is the best a card can receive. Why it's one of the hardest credit cards to get: The Capital One Venture X Rewards Credit Card is hard to get because it requires excellent credit for approval and charges an annual fee of $395.

The Capital One Quicksilver Cash Rewards for Good Credit will increase your credit limit no more than once every six months generally.

If you haven't had a rewards credit card before, the Capital One Quicksilver card can be a great starter cash back card. It can get you into the habit of paying with your credit card as much as you can to earn rewards and paying off your credit card bill in full every month so you don't lose your cash back to interest.

There is no general starting credit limit for Capital One credit cards. Your credit limit will be based on your creditworthiness once your application has been approved.

How does the Capital One Quicksilver Secured Rewards Credit Card work? Once you're approved, all it takes to get started is a minimum required security deposit, which you can pay all at once or over time. You can make your security deposit online or over the phone.

A rating of 5 is the best a card can receive. Why it's one of the hardest credit cards to get: The Capital One Venture X Rewards Credit Card is hard to get because it requires excellent credit for approval and charges an annual fee of $395.

The Capital One cards issued in partnership with Visa and Mastercard include Venture X Rewards, Venture Rewards, VentureOne Rewards, Quicksilver Rewards and SavorOne Rewards. Both Visa and Mastercard are widely accepted by retailers worldwide. Discover and American Express are also credit card networks.

The Capital One Quicksilver card minimum payment is either $25 or 1% of your statement balance, whichever is greater. If your balance is less than $25, the entire amount is your minimum payment.