Capital One Quicksilver Credit Score Requirement (2024)

FAQs

Capital One Quicksilver Credit Score Requirement? ›

The Capital One Quicksilver is available to borrowers with good to excellent credit scores. As such, you should have a FICO score above 670 or a VantageScore above 661.

Of course, the Quicksilver's rich benefits come at a price: your credit score. Only consumers with good to excellent credit, meaning a credit score of 690 or higher, can qualify for the Quicksilver.

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 Quicksilver One card is for rebuilding credit where the Quicksilver card is for those with good credit. The minimum starting limit for the Quicksilver is $1000, and there's no annual fee. Both cards look almost identical.

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.

The Quicksilver card is geared toward people with excellent credit. The Capital One Platinum Credit Card does not have rewards or bonuses, but it comes with higher odds of approval for people with fair credit. The Quicksilver card has lower interest rates than the Platinum card.

Quicksilver vs. QuicksilverOne: What's the difference? While you'll typically need excellent credit to get approved for a Quicksilver card, QuicksilverOne is available for people with fair credit. You'll still earn unlimited 1.5% cash back on every purchase but there's a higher APR.

The Capital One Quicksilver Cash Rewards Credit Card is a good option if you value the simplicity of earning a flat rate on all your purchases. You'll get 1.5% cash back on nearly every purchase, without a bunch of bonus categories to remember or spending limits to keep track of.

Yes, the Capital One Quicksilver card does a hard pull on your credit report when you apply for the card. A hard pull usually results in a slight decrease in an applicant's credit score, but the effect only lasts for a short period of time.

Does Quicksilver automatically increase credit limit? ›

If you do qualify for a higher credit limit, the increase will apply automatically, and you will be notified via email.

Capital One Platinum Secured card

A secured credit card can be a helpful credit-building tool when it's used responsibly over time. The Platinum Secured card is one example. It has no annual fee and no hidden fees. View important rates and disclosures.

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.

The Capital One Quicksilver (see Rates & Fees) credit score requirement is 700+, which means you need good to excellent credit to get this card. Capital One will also consider your income and debt among others when making approval decisions for the Capital One Quicksilver (see Rates & Fees) card.

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.

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.

The best credit card for a 580 credit score is the OpenSky® Plus Secured Visa® Credit Card because it does not check your credit score when you apply and has a $0 annual fee. The OpenSky® Plus Secured Visa® Credit Card also reports to the credit bureaus, which can help you build credit.

Going through Capital One's pre-approval process won't affect your credit, but applying for a credit card typically results in a hard credit check, which can temporarily lower your credit scores. Getting pre-approved doesn't guarantee you'll be approved once you apply for a credit card.

There is no published minimum, but anecdotal reports are that you may be able to be approved for a secured card with a credit score as low as 300. You will generally need a very good to excellent score, normally 740 or above, to be approved for Capital One's best credit cards.