5 Big PROBLEMS With The Capital One Quicksilver Card
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- čas přidán 25. 07. 2024
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Terrible card, no auto increases, no increase even with perfect pay, and never a minumin pay. Go elsewhere
Great video Cal, I'm just a bit relieved with $9k relief check i applied for last week from a NGO which came in this this morning
you can correspond with my relief officer
on TELE
GRAM A PP
fundingusa 0 0
i live in San Antonio and im on SSDI, can i get this
Totally agree, btw nice and short video to the point, watched till the end 😬👍👍👍
Great show! Great information!
I hope Capital one hears this video and takes heed! It’s my oldest card and I’ve been bucketed. These small $100 increases are not helping and are driving me to turn to other banks.
100 $$$ increases????
My capital one platinum went from $200 to $1200 after 2 years. I haven’t got a increase on quick silver yet
Hope one day I get an increase on Platinum or something on QS1 not holding my breath though 😂 concentrating on my NFCU account 👍
It's because you're not using the credit limit you already have. Sad truth is that you need to run the card up to 75%+ of the limit and just pay the minimum payment for a few months. You'll probably get the increase you're looking for. Of course you gotta have the income and credit score also. They usually aren't gonna approve you for more than 10% of your annual income. If you got a 30k income you're not gonna get approved for 5 or 6k no matter how many times you buy gas and pay it off every month. If you don't have the income or you're not showing you even want to use the credit line you won't get it.
My very first card was the quicksilver one with a balance of 1500. They later increased to 8500. I recently upgraded to the quicksilver with no annual fee. I am fine with the card. I have not had them do a hard pull since I had them, just soft pulls. It's been ten years. Oh and the upgrade thing is real!!! I called and asked customer service said they don't do that. After I saw one of your videos I looked around and found I had upgrades.
Haha I'm happy you upgraded. Capital One can be so confusing.
Love to know what you did for the upgrade.
Your credit must have been good from the beginning...is this true?
My Experience was almost the same@Moi_81 But I had a blue card first at $1000 then was given the silver card and then upgraded to $1500 and now upgraded to $4500. I never requested any of my upgrades! I didn't really use the card in the first year. Total time 4 years! Credit score now 767! But I keep my usage no higher than 10% the majority of the time!
They have been offering me the Savor One for Many months now but I am not sure if I should take another card after just receiving a credit increase! I am open to suggestions should I accept this card or not!
Excellent and very true information, Cal! 🙌🏾🏆⭐
Thank you Ron
I got the Venture One from a product change from the Quicksilver with a credit limit of $4600. I’ve had this card going on a year and a half. I just got approved for the Savor One with a WHOPPING $500 credit limit….😆. Capital One is a very strange card issuer. And did I mention that I have a savings account with them and they still treat me like a bald headed step child.
I guess I shouldn't feel too bad then. I thought they lowballed me with a $2000 limit that they just gave me for the SavorOne, after having had a Quicksilver for 1 year, starting at $3000, but they increased me to $4500 late last year. I wonder, can you transfer credit limits between cards, like with Amex?
@@En4cer2K9 it’s just not Capital One who’s being real stingy with giving me a law credit limit with little to no increase; I’ve had my BofA Ulimited Cash Rewards card for well over a year now, a year and three months to be exact, and mind you I put $250 a month of spend on this card and have never been late. But yet I’m still stuck at my $700 initial starting credit limit with good credit. And trust me, I’ve asked for a credit limit. And just like Capital One, I have a savings account with BofA also. Now Wells Fargo with the Autograph card on the other had started me off with a $7000 credit limit and Citi with the Double Cash started me off with a $5300 credit limit.
@Andre Brownlee So Amex gave me $4000 on the BCE but only $1000 on the BCP. I did a little wheeling and dealing by transfering $3000 from the BCE over to the BCP ($4000) and then 3x limit increasing to $12000, and then returning $2000 back to the BCE (for $3000), leaving me with $10000 on the BCP.
Chase gave me $7500 on the Amazon Prime card.
Paypal gave me $7500.
Bank of the West gave me $8000.
Bread Cashback gave me $7000.
Which is why I'm kinda disappointed by Capital One only giving me $2000 for the SavorOne. Is it a thing where banks will intentionally give you a lower credit limit when you open a 2nd card on a higher tier than the first? I noticed both Amex and now Capital One both did the same thing.
@@En4cer2K9 AMEX gave me only $1000 on my BCE and matched that by given me another $1000 credit limit on my Hilton Honors…😆
Same here getting rid of my savor one.
Just ditched my Quicksilver card for the Chase Freedom Unlimited, can't wait to use it.
The student quicksilver/savor one versions are my favourite starter/credit builders. That's a no brainer
Good admission on the lockout you're experiencing.
Hmm I love my card they started me off with 1000 I don't see me going with a different bank. I think it's great they think of all credit scores.
Another great video! So true about Quicksilver!
My credit was bad after the last recession got basic capital 1 card $500 limit used it wisely for 3 months credit score went up 50 points later they GAVE me a quicksilver card $1000 limit. 5 years later my limit is 5500 on the QS card and 3k on the regular card best part I didn't ask for the increases and I had to verify income 2 weeks ago for another possible limit increase
Yeah. I Thought i applied for the quicksilver with the intro bonus. And realized early on i was mistaken and got the one for good credit..
I had a $100 Platinum secured card for about 6 months, spending and paying back a few days after every purchase, then I received an email that I was pre approved for a Quicksilver card with 2k limit. I applied and I was approved. No anual fees and$1.5 reward cash back.
Funny thing is I messed up my credit back In 2014-2016 I got this card & the platinum & both ended up at 2k & 1800 limits in about a year. Now I have them both again in 2023 & my platinum is at $600 only had it for 3/4months & just got approved for the Quicksilver not even 2hrs ago & they starting me off at $300. We’ll see if I get the same treatment I did back then🙏🏾
My issue with the QS is that they do not allow electronic transfer of cashback to other bk accts. Only statement credit or old fashion paper check by mail 🤦🏻♂️
Ok good point Doc. I don't use that feature but it should really be on every card.
Very true. Old-fashioned system! 😔
Great information 👍
Thanks Cynthia
Great video thanks
You're very welcome
They sent me an offer for this card and have raised my limit without me even knowing like 3 times. They’re not a major card in my wallet so I’ve kept them around since they have my highest limit so far. They’re gonna be a back burner card once I upgrade to new companies.
I had 2 ouicksilver cards and I don't even remember how I got them! I really don't travel ( by) plane alot but I wanted a travel card. The venture x even with the perks was overkill for me so I asked for a product change and got the venture 1....with a 500 CLI 🤣🤣🤣 Now both my capital one cards have the same limit as my Priceline visa 10.5k🤣🤣🤣
I have the good credit version of this card and no issue with the credit limit. I had my wife sign up for this one as I had just gotten the Venture X. We specifically use this card at Costco in Canada since we are over the border somewhat frequently and they only take Mastercard instead of Visa in the US. This one is perfect with no annual fee or foreign transaction fees. I just have this on autopay and have had no issues
Im confused capital one is one of my oldest cards and I have a $9000 credit limit that I never asked for. I started with fair credit so I don't know which quicksilver I have now.
I started with QS One then went to the QS Mastercard started with 500 limit 8yrs later now I got over 20k
How do i know which version quicksilver card i got offered? Doesnt say
Cal I got a question about capital one
So the capital one quicksilver one yes I got the one 🙄🙄 was my second credit card ever
And I wanted to know if i decide to close the card would it hurt my credit history in the long run?
I've been using the upgrade portal at least once a week tryna see if they'll let me upgrade but it keeps saying oh you can't upgrade at this time like fuck this is frustrating
I could careless if they give me the platinum I just don't wanna pay the 39 dollar annual fee every single year
Please help 😬😬
Well one thing is they will increase ur limit but also raise ur interest rate. A raise in score means that u should lower a interest rate.
well bro i have quicksilver secured card for more than a year my credit score is on the 780 but the card steel secured and i don’t know for how many years will de secured. capitol one they don’t offer me anything else but i have another card with them that is the savor one rewards card.but the 64,000 quiestion is when capitol one will return my $200.00 looks like that will be never ever 🤬
Just got my first one yesterday with 5000 limit.
Reason why ...I dont use them is because of credit limit...too low...next year I will close all the cards with them....I have high credit line with better banks.
Just found out today i cant get request for an increase because my card is secured. So hopefully i get my card unsecured soon. Its been 8months
I just opened one last week and got approved for a $20k limit. However, the next day I got an email that there is a change in my credit score, I wasn’t aware of the hard hit. My question is, the promo is 0% APR on balance transfers and purchases. Does that mean only one of the other, I read someone else said on another video that you can only use it for a balance transfer OR purchased for the 0% APR and not for both. Does anyone know if it’s for both or just one?!
This hasn't been my experience. I was told I qualified for the Quicksilver and the app asked me if I wanted to upgrade. I have had limit increases that I did not ask for.
I finally canceled all my capital one accounts. The left me stuck with a $300 card. After 6 months of relationship building.
Two months after joining NFCU and leaving capital one. I have a 20,000 card. And a second one on its way. Capital one is trash.
I have this card currently and I don't even use it anymore. In all honesty this card sucks, low limits and never increased limits. It's good as a stepping stone to get other cards and that's it.
Always give great information TFS
I had to apply for Savor separately as well. But, I got it.
I got one for “good” credit thinking I was going to get the $200 intro bonus after I spent over $500 only to find out that I didn’t have that version lol
Same thing happened to me
@@roberterwin1159 lol it’s really my fault because that offer wasn’t in the paperwork I got but I was going off the CZcams videos! I’ll never do that again. Reading is fundamental lol!
I've had this card since 2016 starting with a 500 credit limit and ending with a $3,000 credit limit. I never asked for a credit increase until recently and I was denied. I actually laughed at the denial. I have cards with limits over $20,000. I'm not waisting my time with capital one applying for another card even though I get pre approvals offers from them on the regular. I use the quick silver card maybe twice a year so they don't close it. It is my oldest card.
Yea all those QS make no sense just run 2 QS1 unsecured but slightly btr than Platinum secured and then regular QS, I get the point but it redundant and may eventually hurt them with all those products
I have the quicksilver one, and let me tell you Capital One, they are sooooo stingy on upgrading the limit. Im still at $500 smh and I been with them for yrs. Damn shame.
Just use it as a stepping stone to get your scores up then just get other cards. Capital One QS One is garbage.
Same! I started at $200 then they increased it to $500 and I’ve been stuck there ever since. And I just don’t know if I should even go with the Quicksilver or the Apple Card or Venture.
They gave me 5k QS and I’ve been w them for a couple years and had $500 CL
Just applied last night, 5k credit ,22yrs old 2nd credit card
Capital One gave me a standard Quicksilver card with $300 credit limit. Mind you I have the Captial One Platinum with a $2K limit, AMEX gold, AMEX green, AMEX Delta Skymiles, and a Visa with a $4K limit....all in good standing. Before the card even showed up I cancelled it. I can't do anything with a $300 card and I'm not "working my way up" to a couple of hundered dollars credit increase when I have AMEX charge cards and a $4K limit on my Visa. Capital One needs to get it together. I'd close the account if it wasn't my oldest card.
I have quicksilver 1000 and I applied today savor one and they approved 2000
I've learned my lesson the hard way with Capital One. I've had an auto loan with them twice, and a Quicksilver One card for the past 3 years, and they only approved me for the Platinum card with a limit of $300 which increased later. I called them about the Quicksilver One limit increase, and it only went up $100 when my Platinum I've had less than a year is almost triple that limit. I don' t know what system they're using, but it sucks. I'm hoping I can keep my other brand cards long enough to get rid of Capital One altogether.
Not to mention they approved me for the Venture Card, and told me they didn't have a match on my information from the previous years. This is on top of the janky customer service they outsourced overseas. I'm hoping I ditch this brand of credit card soon.
@DBX79 , I literally hate capital one. If it wouldn't hurt my credit history, ( I've had a card with them for 22 years ) I'd kick them to the curb.
@@texasgirl6000 They don’t budge even with impeccable payment history, and loan acceptance. They’re the reason why borrower don’t trust loaners.
What would you recommend product changing a quicksilver card to? I have the one for excellent credit(I believe so) I was given a 1k starting balance and got the $200 welcome bonus offer. And as soon as I asked for a credit increase they gave me a $3000 limit. Also I’ve only have the card for a couple months too.
Quicksilver (Mastercard only) can now upgrade to Savor One.
What’s your top 3 best credit cards to have starting out?
See, I didn’t know this… ❤❤❤ thank you for this video!!! I was SICK OF paying that damn $39 annual fee! I was slick gonna cancel my card even though it was my oldest credit card and I didn’t want to. But now I don’t have too! Hehe! I just upgraded to the Capital One Venture Card! It was so fast and easy using your link as well!
congrats on dropping that annual fee.
@@calbarton thank you for your help!!
How did you get rid of it?
I hear people say that they upgraded but never say how
@@heirtothethrone000 I don’t understand what you mean? Did you watch the video? He literally shows you the link to go to upgrade your card. I just went there and it was that easy.
Skeptical of the bucketing comment. I can't remember the first card I applied for but they upgraded me to the Venture One and my limit just got increased for the 3rd time to 9k last week when I found out my FICO was over 740. They offered me my last two credit limits without me requesting them and when I applied for my initial card I had barely over 500 and student debt.
About to go for the Venture X once I complete my United Club Infinite sub.
Would it be a smart idea to get a credit balance transfer card from Navy Federal Credit Union and get rid of my Quicksilver card ?
NFCU will give you far higher limits and a stronger banking relationship.
@@calbarton do you know about their fees and monthly charges ?
Side note what Mic are you using?
The Blue Sona amzn.to/3I3OZdh
I just got the Quicksilver card today and it started out with $10,000 limit. I was surprised, but now I'm confused. They don't usually do that?
congrats on the $10k approval. Capital One can be your best friend when you have excellent credit.
Wow..I have the same experience (approved today for 10k) Fico score 673. I’m one year out of Chapter 13 bankruptcy..other CC combined 5k. To say I’m shocked is an understatement.
Same, I was approved for $20,000 last week. So I’m surprised to hear this. Do you know if the 0% APR can be used for both purchases and transfer balance? I read another comment that said it can only be used for either a balance transfer OR purchases for the 0% APR promo. I was wanting to use it for both for the 0% APR promo and now I’m not sure if I have to choose between one or the other.
Thank you for telling the truth never apply for this card
I’m struggling with this card I wish I knew
Love the card....but it's so darn hard to read. What's the purpose of making it so hard to read.
I tilt it this way and that before it's readable.
I got tricked into getting this card under the belief I would get the bonus..but I didn't...this company is deceptive
Same thing happened to me with two separate cards from them! There needs to be a class action lawsuit!
Applied yesterday approved for $10k limit
Update? How are you doing so far? I got approved for $5000. Thinking of using the card for an iMac and paying it back with the cash in my checking.
I have the savor one card and was looking in to doing the quicksilver just for the SUB before getting the venture X, but if Capital One truly caps people at two cards I will just go straight to the venture X for that SUB
Lots of people online say they have been approved for more than 2 cards since the Venture family was rolled out
You can up to 5 cards possibly more . I have 3 right now. Not sure why they blatantly lie by saying you can only have 2
@@jamesthomas80888 call Cap One customer service 3 times and you will get 3 answers to any question. It was true at some point in the past when they only had a few cards and half of them were different versions of the Quicksilver, but the story just won't die.
They double my credit line 🤷🏾♀️🤷🏾♀️🤷🏾♀️
They started my credit line at $7,000. I have very good credit though.
I recently asked for CLI but denied for making low payments. $29 minimum paid $50 for 2 consecutive months. 40% usage on $3500 limit. I usually pay $300-$400 total a month and usually pay more than once a month. Waited 7 months from last increase but denied 2 weeks ago.
Suddenly 3 medical collections totalling $4600 were deleted and my scores went from 630's to Experian 654, EQ 658 and TU 663.
How soon could I try again?
Ok card had it for 11 months
Just product change it to
The savor one card like it
Even more than the quicksilver
Nice video. But I have to comment on what looks like a vintage Royal Haeger red bull on the shelving unit behind you. I have one just like it. Don't see too many of these. Very cool!
This card needs a refresh
💯
Capital one as a company is complete shit. No way to lower your interest rate. I guess you just close the card. It’s what I’m going to do
There are actually 5 quicksilvers. Can't forget the student version.
Only one problem is that Capital One cards Exist at all!
Pro tip, don’t use credit cards 😎
This company lied to me . QS sucks