Capital One Quicksilver credit score
The Capital One Quicksilver Cash Rewards Credit Card is best for those with good to excellent credit -- typically a FICO® Score of 670 or higher. Other criteria that Capital One stipulates upfront include:
- Never declared bankruptcy.
- Not defaulted on a loan.
- Never paid a credit card statement, medical bill, or loan more than 60 days after it was due.
- Held a credit card or loan at a limit (or amount) over $5,000, for at least three years.
To get the full scoop, check out our guide on how to apply for a Capital One credit card.
Pre-approval process
You can use Capital One's pre-approval tool to see which credit cards you might get approved for. The first part of the tool is a questionnaire that asks you basic questions, like your reason for getting a new credit card and your annual income. Without running a hard inquiry, Capital One will then tell you which cards might be right for your credit profile.
Of course, you're not guaranteed a credit card (Capital One will still run a hard inquiry to complete your application). But it's a harmless first step and could stop you from dinging your credit score with a hard inquiry.
Intro APR
The Capital One Quicksilver Cash Rewards Credit Card comes with a long 0% intro APR of 15 months for new purchases and balance transfers. What's more, it also comes with an introductory balance transfer fee of 3% for the first 15 months; 4% at a promotional APR that Capital One may offer you at any other time. Since other credit cards charge balance transfer fees of 5%, you might save money on upfront charges by choosing this as your balance transfer card.
Once the 0% intro APR period ends, the card's regular APR will kick in. Currently, the APR ranges from 19.99% - 29.99% (Variable). In our current high-rate environment, that range is pretty standard among cash back credit cards.
Fees
- Annual fee: $0
- Balance transfer fee: 3% for the first 15 months; 4% at a promotional APR that Capital One may offer you at any other time
- Cash advance fee: 5% ($5 min.) of the cash advance amount
- Foreign transaction fee: None
- Late payment fee: Up to $40
Credit limit
Cardholders report credit limits as low as $750 and as high as $10,000. That said, Capital One doesn't specify credit limits in the Quicksilver's terms and conditions, so your specific limits could fall outside these ranges.
Once you have your Capital One Quicksilver Cash Rewards Credit Card, you can request credit limit increases through its app or website. Although you can request an increase at any time, your chances of getting approved will be higher if you've had your Capital One credit card for several months, have made on-time payments, and have had an increase in your total annual income.
Fact Checked
Nathan Alderman
