- Green Member
- Posts: 23
- Joined: Tue Jun 18, 2013 6:40 pm
- Location: Fort Worth, Texas
About two years ago is when I really began to get serious about my credit situation. I didn't believe my credit was good enough for a secured card, so I got a letter in the mail about an unsecured card from Capital One and decided to apply. Just before the application was completed, I got a popup saying I was preapproved for their notorious Platinum card. This was long before I found this forum, so I applied and was given the same $500 limit everyone starts with. Five months later, as with everyone else, my limit was raised to $750 where I believed it would stay until death do us part, judging by research on this site of other people with the same card.
Fast forward a year and I woke up one morning to an email stating that the limit had been increased to $2,750, which was very surprising to me. This isn't a card I use often, however, so I didn't think much about it.
Today, I received a letter in the mail stating, "You've been with us over two years now, and we want to show our appreciation." that was accompanied by an offer to PC the Platinum to their Quicksilver card. Essentially it says that nothing will change but the title of the card, and, of course, the Quicksilver earns rewards whereas my current card does not. It also states that there is no HP as this isn't an application, it's just an offer from Capital One.
To get to the point, I've always been under the impression that Capital One Platinum cardholders die with the $750 limit and get the same speech when trying for a CLI. I'm wondering if anyone else has received this offer and if it is legit. I read here there is a difference between the Quicksilver and the QuicksilverOne because one has an annual fee they don't like to mention until you've already made the switch.
Anyhow, I've rambled long enough. Has anyone else come across this mailer? Anyone pulled the trigger and made the switch?