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Capital One Quicksilver Cash Rewards Credit Card: Earn $200 Cash Bonus with Expired
$500 Spent
within 3 Months of Account Opening
Update: This popular deal is still available.
Capital One is offering a $200 cash bonus after you spend $500 on purchases in the first 3 months of account opening with the Capital One Quicksilver Cash Rewards Credit Card. Annual fee is $0.
Thanks to staff member Bri21 for finding this deal.
Slickdeals may be compensated by Capital One.
Capital One is offering a $200 cash bonus after you spend $500 on purchases in the first 3 months of account opening with the Capital One Quicksilver Cash Rewards Credit Card. Annual fee is $0.
Thanks to staff member Bri21 for finding this deal.
Slickdeals may be compensated by Capital One.
Original Post
Written by
Edited January 31, 2023
at 01:25 PM
Capital One is offering a $200 cash bonus after you spend $500 on purchases in the first 3 months of account opening with the Capital One Quicksilver Cash Rewards Credit Card. Annual fee is $0.
Slickdeals may be compensated by Capital One.
Slickdeals may be compensated by Capital One.
Created 02-03-2021
at 10:08 AM
by Bri21
in
Credit Cards
(2)
Capital One - Bank Advertiser
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I'm asking because with all the high-score folks here getting denied for this card, I'm wondering if maybe they prefer people with marginal credit who are likely to carry balances and pay their crazy 25% usury APR for years on end, who are probably their main source of profit. If you have great credit, you're likely to pay off your balances each month and they'll make nothing off of you except maybe merchant fees.
In any case, I just "pre-applied" on their pre-approval page, and was pre-approved for this and several other cards, including this one but without the $200 bonus. How likely am I to actually be approved for it if I apply for real? I currently have one of their other cards, a MC one, with a $5 monthly fee, and am looking to switch to this or a similar one to avoid the fees. Do they give preference to existing longtime customers who've paid on time since getting their card?
I'm asking because with all the high-score folks here getting denied for this card, I'm wondering if maybe they prefer people with marginal credit who are likely to carry balances and pay their crazy 25% usury APR for years on end, who are probably their main source of profit. If you have great credit, you're likely to pay off your balances each month and they'll make nothing off of you except maybe merchant fees.
In any case, I just "pre-applied" on their pre-approval page, and was pre-approved for this and several other cards, including this one but without the $200 bonus. How likely am I to actually be approved for it if I apply for real? I currently have one of their other cards, a MC one, with a $5 monthly fee, and am looking to switch to this or a similar one to avoid the fees. Do they give preference to existing longtime customers who've paid on time since getting their card?
People who work the FICO scoring system that have a 800+ credit score do not go around applying for credit cards. If they did they wouldn't have a high credit score. I think 720 is the number that will guarantee you are approved. If you have an existing relationship with capital one, your approval odds are much higher.
In your case. I would apply for the Quicksilver card. If they approve you. Convert your credit line from your existing account to the Quicksilver card. That way you will not have $5 monthly fee and you will have a higher line of credit but on one credit card account.
People who work the FICO scoring system that have a 800+ credit score do not go around applying for credit cards. If they did they wouldn't have a high credit score. I think 720 is the number that will guarantee you are approved. If you have an existing relationship with capital one, your approval odds are much higher.
In your case. I would apply for the Quicksilver card. If they approve you. Convert your credit line from your existing account to the Quicksilver card. That way you will not have $5 monthly fee and you will have a higher line of credit but on one credit card account.
OTOH, they're not likely to make much if anything off me, and by seeing my recent spending and paying off balances history, they probably know it.
OTOH, they're not likely to make much if anything off me, and by seeing my recent spending and paying off balances history, they probably know it.
Btw, if I do get the new card, would closing the old card adversely affect my credit? As I wrote it has a zero balance now. What about closing it without getting the new card, would that be bad for my credit? Either way I want to avoid paying the $5 monthly fee. If closing out all my Cap1 cards would hurt my credit, I guess I could always switch to the new card w/o fees even if I don't get the $200, and then rarely use it.
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Btw, if I do get the new card, would closing the old card adversely affect my credit? As I wrote it has a zero balance now. What about closing it without getting the new card, would that be bad for my credit? Either way I want to avoid paying the $5 monthly fee. If closing out all my Cap1 cards would hurt my credit, I guess I could always switch to the new card w/o fees even if I don't get the $200, and then rarely use it.
People who work the FICO scoring system that have a 800+ credit score do not go around applying for credit cards. If they did they wouldn't have a high credit score. I think 720 is the number that will guarantee you are approved. If you have an existing relationship with capital one, your approval odds are much higher.
In your case. I would apply for the Quicksilver card. If they approve you. Convert your credit line from your existing account to the Quicksilver card. That way you will not have $5 monthly fee and you will have a higher line of credit but on one credit card account.
Capital one has odd ways of managing their cards. They were my first card when I was 18, and I received one with a limit of 500 dollars and an astronomical APR.
My earning potential has substantially increased (I'm a physician now, FFS), and I've reported to them and even so far as called in to ask for a credit limit increase. And they refused, saying "Our system automatically does it."
Chucked their card in a drawer and never used it again. It finally got cancelled last year for non-use. 100% not worth the hassle of dealing with a company like Capital One when there are arguably better cash back cards.
And I can act like an imbecile
Yes, at least mine does, but, on the other hand, i didn't have any $200/$250 incentive to apply. Cashback is decent too
People who work the FICO scoring system that have a 800+ credit score do not go around applying for credit cards. If they did they wouldn't have a high credit score. I think 720 is the number that will guarantee you are approved. If you have an existing relationship with capital one, your approval odds are much higher.
In your case. I would apply for the Quicksilver card. If they approve you. Convert your credit line from your existing account to the Quicksilver card. That way you will not have $5 monthly fee and you will have a higher line of credit but on one credit card account.
I have the Quicksilver card. I didn't get offered any bonus. Don't know what determines if you are offered the bonus or not. I think higher credit scores get the bonus, as many in the 700 plus credit score can get approved at other sources, with potentially better offers. 720 may guarantee this card, but not required. My score was 619 when i was approved. I have a few negatives that were still lingering on my credit report, but a solid history of paying my other cards, loans, and store cards on time for over 5 years now. As it seems to be a well kept secret who will get approved, all you can do is try. But, nothing worse then getting a supposedly pre approved offer, then authorized a hard pull, just to be denied.
Who's offering 2% cash back?
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Citi double cash, PayPal mastercard, fidelity, sofi money, probably others