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.
Original Post
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Edited January 31, 2023
at 01:25 PM
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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.
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Hogwash. Stop spreading misinformation.
Some credit cards exclude certain merchants.
its actually beneficial to keep credit cards open
I applied for this card after having had them spam my mailbox for literally at least the last year every other week with offers for it. Sure pre-approval offers don't guarantee anything, but I do easily qualify.
So I applied last week, and the application was stalled and they asked for two documents to prove identity. I was annoyed and busy, so I blew it off until this week. Submitted documents on Tuesday and got an immediate denial - reason given is too many recent requests for credit.
For a second I was actually worried someone stole my information.. But I logged into credit karma to check my report and see what happened. I only have one hard pull (one on each of the reporting agencies btw - capital one is know for being dbags and hitting all the agencies with hard pulls while most banks do one). Turns out that capital one hard pulled my credit last week when I applied, and they immediately updated it to the reporting agencies. This week when I submitted the documents they must have checked again (will see in a few days if they did this through a second hard pull or via soft) and SAW THEIR OWN HARD PULL and counted that against me. 😂
How f'ing dumb can their algorithm be? Can't say people shouldn't apply because I did want this card for some easy zero interest, but be careful with such a brain dead company... If you're sensitive to your credit taking a hit, might want to avoid it. I don't really care, was almost three years since I last applied for anything and I'm not in any hurry. Good luck!
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If you do some basic internet research you'll find that everyone knows capital one hits all three credit agencies with hard pulls. Sometimes even for credit line increases.
Most likely they do know and don't tell you because the truth will only discourage you from applying. I agree with your take away though, why let them do all those hard pulls when there are better companies to get cards from.
They closed my account and no sign of the $480 bonus - anyone had something like this happen to them? Or what to do in this situation?
They closed my account and no sign of the $480 bonus - anyone had something like this happen to them? Or what to do in this situation?
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