The Capital One QuicksilverOne card is an excellent choice for consumers who are trying to build their credit history. Even though it has an annual fee, you can earn rewards while you work to improve your credit.
Compare to Other Cards
| Capital One QuicksilverOne Cash Rewards Credit Card | Discover it® Secured Credit Card | OpenSky® Secured Visa® Credit Card |
|---|---|---|
| Recommended Credit Score 630689average | Recommended Credit Score 300629poor | Recommended Credit Score 300689poor - average |
The Capital One QuicksilverOne Cash Rewards Credit Card is a cash back rewards credit card. It earns 1.5% cash back on every purchase. Cardholders get access to benefits including emergency card services, fraud coverage and Mastercard identity theft protection.
You can request a Capital One Quicksilver credit limit increase either online or by phone. ... Anyone who has received a credit line increase or decrease on their Capital One Quicksilver in the past several months is usually not eligible.
The Capital One QuicksilverOne credit limit is $300 or higher. There's no way to tell upfront how high your QuicksilverOne limit could get, but if you make your first 6 monthly payments on time, you could get access to a higher credit line.
Capital One Venture Rewards Credit Card
Highest reported credit limit: $50,000, according to a post on the myFICO Forums. This is another Visa Signature card, so the minimum credit limit is $5,000.
If you have excellent credit, choosing the Quicksilver card over the Platinum card is a no brainer. Not only will the interest most likely be lower, but many of the perks – including no foreign transaction fees and no penalty APR rate – will be the same.
Best credit cards if your FICO score is 600 to 649 overview
| Credit Card | Best For |
|---|---|
| Capital One Platinum Credit Card | Rebuilding credit |
| Secured Mastercard® from Capital One | The lower end of fair credit |
| OpenSky® Secured Visa® Credit Card | Those with little to no credit |
| Discover it® Secured | Cashback rewards AND building credit |
Capital One lets you request a credit limit increase online as often as you want, but you can only be approved once every six months. If you've received a credit limit increase or a credit limit decrease in the last six months, you won't be approved for a credit limit increase.
Automatic credit limit increase to $500 after making your first 5 monthly payments on time is for card holders that are on the capital one credit steps program.
In a Nutshell
Some Capital One cards offer the possibility of a credit line increase after you make your first five monthly payments on time. If you have a card that doesn't offer this opportunity, you might also be able to get a credit line increase by requesting one from the card issuer.
Here's a Summary of The Best First Credit Cards
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