Capital One Quicksilver Credit Limit (2024)

FAQs

What is the average credit limit for Capital One Quicksilver card? ›

Carmen Peters, Member. 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.

You'll need to provide us with information like your total annual income, employment status and sometimes monthly mortgage or rent payment, so have that in hand. If you're applying for a credit line increase for your Spark business credit card, you'll also need to provide last year's total business revenue.

Capital One believes in second chances, and it created the Capital One QuicksilverOne Cash Rewards Credit Card to that end. This card is one of the easiest non-secured credit cards for which to be approved.

If you're issued a credit card with a low credit limit, it could be for a number of reasons, including: Poor credit history. High balances with other credit cards. Low income.

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 Consumer Financial Protection Bureau recommends keeping your credit utilization under 30%. For instance, if you have a $1,000 credit limit, aim to keep your credit below $300.

Policies for credit limit increases differ from issuer to issuer. At Capital One, for example, most accounts that have been open for only a few months are too new to be considered. If an account has received an increase or decrease in the past few months, it typically won't be considered either.

The Capital One Quicksilver Cash Rewards for Good Credit will increase your credit limit no more than once every six months generally. This time frame applies whether you request a credit limit increase yourself or wait for Capital One to offer you an automatic increase.

The representative may ask why you need a credit limit increase and why they should grant your request. You can defend your case with information such as your history of on-time payments, frequent and responsible use of the card, a high credit score, increase of income and more.

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.

Why did Capital One Quicksilver deny me? ›

There can be many reasons why your Capital One Quicksilver Student Card application was denied. Some of them may include: You don't meet the credit score requirements. You don't have enough income to afford the card's minimum payments.

Your Capital One Quicksilver approval odds are higher if you have a credit score of 700+. This means that you need at least good credit to get this card. Capital One will also review your annual income, sources of income, and housing status, among other factors.

To get a $10,000 credit limit on a Capital One credit card, you will need to apply for a high-end card like Capital One Venture X and meet the income requirements. Other Capital One cards may offer $10,000 starting credit limits to qualified applicants, but the odds of getting a limit that high are not as good.

What is the Capital One Quicksilver credit limit? 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.

The U.S. Bank Altitude Go Visa Secured Card is the best option if you have limited/poor credit and are looking for a high credit limit. You can deposit anywhere from $300 to $5,000, making your maximum credit limit available $5,000.

Capital One Venture Rewards Credit Card

Highest reported credit limit: $58,000, according to a member on the myFICO forums. Sign-up bonus: Earn 75,000 bonus miles when you spend $4,000 on purchases in the first three months from account opening. Rewards: Earn 2 miles per dollar on every purchase.

After 15 months, the Quicksilver card offers a variable APR ranging from 19.99% to 29.99%. By contrast, the Platinum card comes with a 30.74% variable APR. It does not offer an intro APR rate. The Quicksilver card will likely cost you less over the lifetime of the card, even if you qualify for the 29.99% APR.

The Capital One Quicksilver (see Rates & Fees) credit score requirement is 700+, which means you need good to excellent credit to get this card.