Your Capital One Quicksilver approval odds are higher if you have a credit score of 700+. This means that you need at leastgood creditto get this card. Capital One will also review your annual income, sources of income, and housing status, among other factors.
Factors that Influence Your Capital One Quicksilver Approval Odds
- Good credit (a credit score of 700+)
- Enough income to pay your credit card bills
- Low debt relative to income
- Low housing costs relative to income
- U.S. mailing address
- Age of 18+
- Social Security Number or Individual Taxpayer Identification Number
To get a better sense of your approval odds before applying for Capital One Quicksilver, you can check for pre-approval on the Capital Onewebsite.
Things to Know About Capital One Quicksilver Pre-Approval
- Generally, pre-approvalmeans that an issuer estimates that a borrower has a good chance of being approved.
- The issuer’s pre-approval tool isn’t card-specific, so you can’t check for one card in particular. Instead, it will tell you for which Capital One card(s) you have the highest approval odds.
- Pre-approval uses asoft inquiry, so it won’t affect your credit score.
- Keep in mind that pre-approval does not mean guaranteed approval. You will still have to submit an application before you’re approved.
Note that applying for the Capital One Quicksilver Card will trigger ahard inquiry on your credit report,which can temporarily hurt your credit score. So make sure you know where you stand before applying. You can check your credit score for free, right hereon WalletHub.
This answer was first published on 04/09/21 and it was last updated on 01/15/24. 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.
FAQs
It is not difficult to be approved for the Capital One QuicksilverOne Cash Rewards Credit Card. As long as your credit score is at least 580, you qualify for the card (though, again, a qualifying credit score doesn't ensure you'll be approved).
Is it hard to get approved for Capital One Quicksilver? ›
You'll need good-to-excellent credit (a score of at least 690 on the FICO scale) to qualify for the Capital One Quicksilver Cash Rewards Credit Card. Generally, cards that require higher credit scores tend to come with better features than those that require scores on the lower end of the scale.
What credit score is needed for a Capital One Quicksilver card? ›
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.
How much does Capital One Quicksilver approve you for? ›
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.
What is the income requirement for Capital One Quicksilver? ›
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.
What's the easiest Capital One card to get approved for? ›
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.
Does Capital One Quicksilver have high limit? ›
You can put down anywhere from $200 to $3,000 and get a matching credit limit. The high end of this limit matches the maximum limit you can get on the Quicksilver Secured with good creditworthiness. This is also one of the highest maximum limits available on any secured card.
Is quicksilver or platinum better? ›
If you can get approved for both, the Capital One Quicksilver card is better than the Platinum card. The Quicksilver card will give you a welcome bonus, 0% APR for the first 15 months and 1.5% cash back. The Platinum card offers no rewards or bonuses, but it also comes with no annual fee.
Is Capital One Quicksilver worth getting? ›
The bottom line
The Capital One Quicksilver credit card might not offer the most value as far as flat-rate cash back credit cards go. Still, it's a decent choice both for cardholders seeking simplicity in their card rewards and those looking for a product to complement their more complex credit card strategy.
What is the difference between Quicksilver and QuicksilverOne? ›
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 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.
Is Capital One Quicksilver widely accepted? ›
The Capital One Quicksilver Cash Rewards card is a Mastercard credit card. Because Mastercard is one of the most widely-accepted payment networks, you can expect that it'll be accepted with any in-person or online business that accepts credit card payments.
Does Capital One Quicksilver do a hard pull? ›
John Miller, Credit Cards Moderator
The hard inquiry allows the issuer to determine your credit risk and ultimately decide whether you'll be approved for an account. The Capital One Quicksilver card requires at least good credit to be approved. You can check your credit score by signing up for a free WalletHub account.
Is it hard to get approved for Capital One Quicksilver one? ›
Is Capital One Quicksilver hard to get approved for? Capital One states that you'll need excellent credit to qualify for the card_name that offers the welcome bonus. That said, qualifying for a Quicksilver Rewards For Good Credit is possible, but you won't earn a welcome bonus or an intro APR.
What is the starting credit limit for Capital One? ›
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.
Is Capital One Quicksilver a card for bad credit? ›
The Capital One Quicksilver (see Rates & Fees) is not a card for bad credit, as you will need good to excellent credit (a score of at least 700) to get it.
Why did Capital One Quicksilver deny me? ›
Some of them may include: You don't meet the credit score requirements. You don't have enough income. You have too much debt relative to your income.
Is Capital One Quicksilver a soft pull? ›
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.
