Capital One Quicksilver

For just about anything you want to get off your chest about credit cards.
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trainypooh
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Location: Minnesota

Re: Capital One Quicksilver

Postby trainypooh » Fri Jan 01, 2016 12:01 am

So I just reviewed online document saying I was denied for a CLI. The reason was not enough utilization. The honest truth is I would use the QS more if I had a larger limit; my utilization of this card goes up quickly with the current limit I have. Would it be beneficial to call and explain my case?
My Wallet:
Discover IT - $9500
AMEX BCE - $9000
Chase Freedom - $5000
Capital One Quicksilver - $2700

Future Cards:
Chase CSP


Elijahmex
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Re: Capital One Quicksilver

Postby Elijahmex » Fri Jan 01, 2016 7:56 am

trainypooh wrote:So I just reviewed online document saying I was denied for a CLI. The reason was not enough utilization. The honest truth is I would use the QS more if I had a larger limit; my utilization of this card goes up quickly with the current limit I have. Would it be beneficial to call and explain my case?


That sucks. How low are you talking about? IMO the customer service at CapOne is really great. They've been nothing but helplful and understanding with me however when it comes to CLI's the humans there are useless. It really is something they have no control over so I doubt a phone call will change anything but who knows, if you have a couple minutes DO IT!! You have nothing to lose by trying to plead your case.

Happy new year btw!!
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kdm31091
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Re: Capital One Quicksilver

Postby kdm31091 » Fri Jan 01, 2016 10:52 am

Sadly there is really no such thing as calling and pleading your case with Capital One for a CLI. The computer either gives it to you or doesn't, and the CSRs have zero ability to change or override it. I'm not trying to be a downer -- just giving you the reality.

With Capital One, essentially, I find all you can really do is use it heavily, make payments, and go for a CLI every 6 months. Calling doesn't really help anything. It won't hurt and if it makes you feel better go for it, but expect a no.

skimmie48
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Re: Capital One Quicksilver

Postby skimmie48 » Fri Jan 01, 2016 12:36 pm

I have a QS with $17,000 CL. Initial approval was for 5K. Logged into my accounts and saw it was 17K. That was in April. I haven't received a CLI but I really don't expect to.

trainypooh
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Location: Minnesota

Re: Capital One Quicksilver

Postby trainypooh » Fri Jan 01, 2016 3:02 pm

Okay, thank you for the advice. I'll just wait another six and put more on it. happy new year everone!!
My Wallet:
Discover IT - $9500
AMEX BCE - $9000
Chase Freedom - $5000
Capital One Quicksilver - $2700

Future Cards:
Chase CSP

KennethHardy
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Re: Capital One Quicksilver

Postby KennethHardy » Sat Jan 02, 2016 4:56 am

Capital One offers a wide variety of credit cards, ranging from low interest cards to airline rewards cards, from consumer credit cards to small business credit cards. All Capital One Credit Cards feature no foreign transaction fee and nearly every card has an extremely attractive rewards program. Combine these attractive features with Capital One’s $0 Fraud Liability program and standard Visa and Mastercard benefits and you’ll find their cards ideal for nearly any situation!

kdm31091
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Re: Capital One Quicksilver

Postby kdm31091 » Sat Jan 02, 2016 4:28 pm

KennethHardy wrote:Capital One offers a wide variety of credit cards, ranging from low interest cards to airline rewards cards, from consumer credit cards to small business credit cards. All Capital One Credit Cards feature no foreign transaction fee and nearly every card has an extremely attractive rewards program. Combine these attractive features with Capital One’s $0 Fraud Liability program and standard Visa and Mastercard benefits and you’ll find their cards ideal for nearly any situation!


To be fair they really do not have any actual airline cards, merely cards that only allow you to redeem for airfare or other travel expenses. If they have an actual low interest card (as opposed to just the chance of getting "low" interest on a Quicksilver) I have yet to know about it.

It's also true that almost every major CC has $0 fraud liability and the Visa/MC benefits.

I'm not saying Capital One is bad, just that some of your statements are a bit grandiose.

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CarefulBuilder14
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Re: Capital One Quicksilver

Postby CarefulBuilder14 » Sat Jan 02, 2016 7:08 pm

kdm31091 wrote:
KennethHardy wrote:Capital One offers a wide variety of credit cards, ranging from low interest cards to airline rewards cards, from consumer credit cards to small business credit cards. All Capital One Credit Cards feature no foreign transaction fee and nearly every card has an extremely attractive rewards program. Combine these attractive features with Capital One’s $0 Fraud Liability program and standard Visa and Mastercard benefits and you’ll find their cards ideal for nearly any situation!


To be fair they really do not have any actual airline cards, merely cards that only allow you to redeem for airfare or other travel expenses. If they have an actual low interest card (as opposed to just the chance of getting "low" interest on a Quicksilver) I have yet to know about it.

It's also true that almost every major CC has $0 fraud liability and the Visa/MC benefits.

I'm not saying Capital One is bad, just that some of your statements are a bit grandiose.

What is, and what is not, an airline card is debatable...but consider:

Co-brand cards have free checked bags and sometimes lounge access.
Platinum, Prestige, and Ritz-Carlton have lounge access and an assortment of various airline/airport statement credits.
PRG has 3x rewards on airfare and the $100 credit.
CSP has excellent travel insurance benefits.
Discover Miles has the $30 in-flight Wi-Fi credit.
Venture...has an endorsement from Jennifer Garner.

I'm also puzzled as to which Capital One card could have a low APR.
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

kdm31091
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Re: Capital One Quicksilver

Postby kdm31091 » Sun Jan 03, 2016 10:24 am

Unfortunately, the "Venture is a hotel/airline card" is pushed by so, so many sources that I doubt many people will ever really listen to those of us who realize what it is and what isn't. Even sites like nerdwallet constantly mention Venture as a great airline/hotel card for people that travel. But why? Why is that better than a regular 2% card? Heck, even a 1.5% QS with no annual fee (and the same no FTF) may be better in certain spend situations. It's just ridiculous. If someone wants to use a Venture, that's fine and dandy, but don't sit here and say it's an airline card!

Having said that, the "restrictive cash back travel card" is not unique to Capital One. Many sites also applaud the Arrival and BOA Travel for the same thing even though on a reward basis, they don't offer you anything extra in exchange for being restricted. At least the BOA has no annual fee but there's still no advantage to 1.5% only for travel vs 1.5% for whatever you want.

skimmie48
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Re: Capital One Quicksilver

Postby skimmie48 » Sun Jan 03, 2016 11:40 am

I agree with you kdm. I'm not a rewards expert but that card really doesn't hold any appeal for travel or rewards for me. For travel I prefer my CSP.



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