How to Get Capital One Quicksilver Pre-Approval (2024)

FAQs

Is it hard to get approved for Capital One 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.

You may also receive a pre-approved offer via mail. Keep in mind that the Capital One pre-approval tool is not specific to Capital One Quicksilver card, so it will display all the eligible Capital One credit cards for which you're likely to be approved. The results are based on a basic review of your credit.

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.

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.

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.

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.

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 Capital One QuicksilverOne Cash Rewards Credit Card is available to people with limited credit, while the Capital One Quicksilver Cash Rewards Credit Card requires at least good credit for approval. You can check your latest credit score for free on WalletHub if you don't know where you stand.

Keep in mind that pre-approval doesn't mean you're guaranteed approval for a credit card. Instead, it means the credit card issuer has done a basic review of your financial information, likely resulting in a soft credit check. But pre-approval is a good starting point and can help you narrow down your options.

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.

Is it worth getting Capital One Quicksilver card? ›

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.

The Capital One Savor Cash Rewards Credit Card is better than the Capital One Quicksilver Cash Rewards Credit Card because of its high rewards rates on dining, entertainment, streaming services, and groceries.

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

Security deposit: A minimum refundable deposit of $200 is required. Your deposit will determine your credit line. Cardholders can deposit more to increase their credit line — up to a range of $1,000 to $3,000, within 35 days of being approved and before card activation. Sign-up bonus: None.

Unlike many cards, this card doesn't have a minimum redemption amount. If you want to redeem, say, $2 worth of cash back, you're welcome to do so. Log on to your Capital One credit card account online. The welcome page tells you how much you've earned so far.

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.

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.