Capital One PC to Quicksilver mailer; An offer, not a preaproval letter.

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Vattené
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Postby Vattené » Sun Mar 29, 2015 12:18 am

Your skepticism around bank disclosures in general and Capital One's baits and switches in particular is not unfounded, but you do have a letter explicity stating no HP and that you will be getting a Quicksilver, not a QuicksilverOne. Make sure you're not missing any other fine print, but I think you are good to go. Keep the letter for peace of mind and in case you're afraid you'll need to dispute something with CRAs just in case Capital One tries to pull anything.
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spy23714
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Postby spy23714 » Sun Mar 29, 2015 4:23 pm

I went to make the switch online and on the very last screen before confirming my decision, it recaps everything and indeed showed it was the QuicksilverOne rather than just the regular Quicksilver.

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lobbythis
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Postby lobbythis » Sun Mar 29, 2015 4:32 pm

You can call executive offices and see if they will change it. I would say try online chat, but usually those people just read from a script and are completely dumbfounded by even very basic questions.

You've been with CapOne for a long time. I got my Quicksilvers and Venture much sooner than you have and my credit score sucks.

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CarefulBuilder14
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Postby CarefulBuilder14 » Sun Mar 29, 2015 4:54 pm

spy23714 wrote:I went to make the switch online and on the very last screen before confirming my decision, it recaps everything and indeed showed it was the QuicksilverOne rather than just the regular Quicksilver.


Well, you had learned the difference in advance, at least, and were prepared.

CO mails me invites for the regular QS routinely, yet on their website they suggest QS One for me after soft pulls.

(I admit I look now and then. I honestly don't know why. It's totally irrational since I'd never need one.)

Confusing potential customers about their card options seems to be a regular thing.
Warranties and sketchy merchants: Schwab Platinum
Price rewind: Costco
Travel insurance: Prestige, CSP
Perks: IHG, Hyatt
Rewards/Offers: Discover, Freedom, ED, BCE
Taxes/Misc: SPG

Limited value, might close: Arrival

Might add: First Tech, proper business card

spy23714
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Postby spy23714 » Sun Mar 29, 2015 11:23 pm

I may try the executive services route. Just like CarefulBuilder, I don't know that I'd ever need it. The half a percent of rewards difference enticed me for a sec, but I like having everything all in one place so I'll likely just stick with the BankAmericard. I may call just for the sake of having a rewards card vs a pointless card for the rare occasion I use the CO card.

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lobbythis
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Postby lobbythis » Mon Mar 30, 2015 12:13 am

Well, I like the card because of 3 simple reasons.

1. Easy backup card for guaranteed, unlimited 1.5% when other cards are only 1% on miscellaneous purchases.
2. Rewards are available as soon as the charge clears unlike many others who only update once per month or per year.
3. CapOne does generous CLI's with no hits to your credit report unlike BoA and many others.

Quicksilver and Venture are treated like real credit cards and can have very high limits, unlike the crappy Platinum you used to have, which definitely sounds like you were still stuck on their credit steps program until recently. Also, Quicksilver and Venture are available as Visa Signature and World Elite Mastercard for what that might be worth to you.

spy23714
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Postby spy23714 » Mon Mar 30, 2015 10:14 pm

I've heard rumors of something Capital One calls a Luv Button, does anyone know anything about this? My limit is still low on this card, so I'd love the opportunity for a CLI without a HP.

As I'm still fairly new to the credit card world (putting CLI and HP in that last sentence was my first step to understanding the jargon here) I'm not exactly sure of the difference a Visa Signature and World Elite MasterCard offers. They sound fancy, but I wouldn't know what to think if offered one.

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lobbythis
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Postby lobbythis » Tue Mar 31, 2015 1:07 am

Love button is simply the CLI "button". It means nothing special and it does not mean you avoid HP's. So, don't assume that and accidentally hit your credit report.

Executive offices at CapOne will pull your credit report, but they are also required to tell you this upon attempting a CLI. In fact, all lenders are required to do so whether you apply for a new card or CLI. But, they can also approve you for a much higher limit than the soft pull CLI you would experience when applying when simply logged in to your account.

Don't stress too much about Visa Signature and World Elite Mastercard if you don't know about them yet. They both require minimum credit limits of $5,000 on any card. They are special programs that often perks specific to each payment processor.



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