How much income do I need for Capital One Quicksilver? (2024)

How much income do I need 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 Student Cash Rewards Credit Card, according to Capital One.

How do you qualify 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.

Is Capital One Quicksilver hard to get?

Yes, the Capital One Quicksilver Cash Rewards Credit Card is fairly hard to get because it requires good to excellent credit for approval (700+ credit score recommended). You also need a steady income to qualify for the Capital One Quicksilver Card.

Does Capital One ask for proof of income?

Applicants must provide their previous two years' W-2's, and their most recent pay stub. The pay stub must be computer-generated, include year-to-date earnings and taxes withheld, contain no alterations, and must have been issued within 40 days of the faxed date.

What is the initial limit for Capital One Quicksilver?

Simply make a $200 minimum deposit and your account will open with an initial credit line of $200. You can raise your initial credit line by depositing more than the minimum (up to a maximum limit) before activating your card.

What is Quicksilver highest credit limit?

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.

What's the highest Capital One credit card?

What is the top-tier Capital One credit card? The Capital One Venture X (see rates and fees) is Capital One's most premium travel rewards credit card.

Is Quicksilver better than Platinum?

Quicksilver: Quicksilver Clearly Wins — If You Qualify. The Platinum is a bare-bones card that helps people build credit, and that's about it. If you've graduated beyond the credit-building stage, choose the Quicksilver for its handsome rewards.

Which capital card is better platinum or quicksilver?

The Platinum card is geared toward people with limited credit, whereas Quicksilver is reserved for those with good credit and above (700+ credit score recommended). You can easily check your latest credit score for free on WalletHub.

Is Savor One better than Quicksilver?

Overall, these cards are a close match. However, SavorOne offers slightly better cash-back rewards. Because the higher rewards are earned, in part, on groceries and dining, the SavorOne is likely to generate more rewards for almost anyone than the Quicksilver card.

Does Capital One have a minimum income requirement?

While there is no official minimum salary requirement for a credit card, issuers are still required to ensure that applicants can afford monthly payments. As a result, your chances of approval are better with a higher income.

Do credit card companies actually check your income?

Will a credit card company verify your income? Although a credit card company could ask you to provide income verification, this doesn't happen often. In most cases, the credit card company will take your word for it and use your reported income.

Do creditors check your income?

By federal law, lenders cannot extend credit to someone without first determining that the applicant has the ability to make payments, which is why credit card applications ask for things like your income, employment information, and what you pay in mortgage or rent.

Is Quicksilver or Quicksilver one better?

Bottom Line. If you have excellent credit, the Capital One Quicksilver Cash Rewards Credit Card is the clear winner here. It's the same as the Capital One QuicksilverOne Cash Rewards Credit Card but with no annual fee (rates & fees), a welcome bonus and better benefits.

How often does Capital One Quicksilver One increase credit limit?

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 Quicksilver Capital One a good credit card?

The Capital One Quicksilver Cash Rewards Credit Card is a simple and easy-to-use option. Although the card doesn't pay the highest flat cash-back rate on the market, it offers a compelling combination of rewards and redemption simplicity, low fees, sign-up bonus and 0% APR period (see rates and fees).

Does Quicksilver automatically increase credit limit?

The Capital One QuicksilverOne card may offer an automatic credit limit increase if Capital One's regular review of your account shows a history of on-time payments and low debt. An automatic credit limit increase involves a soft pull, which does not affect your credit score.

What credit card has a $100000 limit?

On our list, the card with the highest reported limit is the Chase Sapphire Preferred® Card, which some say offers a $100,000 limit. We've also seen an advertised maximum credit limit of $100,000 on the First Tech Odyssey Rewards™ World Elite Mastercard®, a credit union rewards card.

What is an impressive credit limit?

As such, if you have one of these cards, you might consider a $5,000 credit limit to be bad and a limit of $10,000 or more to be good. Overall, any credit limit of five figures or more is broadly accepted as a high credit limit. The main exception to the usual credit limit rules are secured credit cards.

How often does Capital One increase credit limit?

Automatic: It may be possible to get an increase every six months. By request: You can request a credit limit increase every six months. No guarantee: Credit limit increases are never guaranteed, but you can improve your chances with responsible card use and a history of on-time payments.

Which bank gives highest credit limit?

How long does it take for Capital One to increase your credit limit?

Often, you have to ask for a higher credit limit, and then the creditor will evaluate your credit, income and other financial details to decide whether to increase your credit limit. But with some Capital One cards, you have a chance to get a credit line increase in as few as six months with on-time payments.

Is it worth it to upgrade to Quicksilver?

Yes, it is worth upgrading to Capital One Quicksilver (see Rates & Fees) because it offers 1.5 - 5% cash back on purchases and has a $0 annual fee. It's also worth mentioning that the card enjoys worldwide acceptance and has a $0 foreign transaction fee, which can make it a good option for international travel.

How do I increase my Quicksilver credit limit?

You can get a Capital One Quicksilver credit limit increase by making a request either online or by calling the number you see on the back of your card. You'll need to provide your total annual income, employment status, and monthly mortgage or rent payment.

Is Quicksilver card a world elite?

Like all Capital One cards, the Quicksilver Cash Rewards card has no foreign transaction fee. It is issued as a World Elite Mastercard and also offers extended warranty and travel accident insurance.