Capital One QuickSilver credit card limit

[Cubicle]

I have the Capital One Quicksilver credit card. I like it. But I wish I could get a higher limit. I have had the card since 2006, I currently have a 815 credit score, income well into the 6 figures, & for the past 2 years I have been denied any credit limit increase above my current $5,000 limit. I even considered cancelling the card because of this. I still am, but it will probably ding my credit score.

Anyone here have a Capital One Quicksilver card credit limit above $5,000? If so, can you provide some details about your finances? General credit score, income, length of having the card. Anything in particular you think got you a high credit limit.

[DSInvestor]

How much are you using the card? The cards that I use the most in transactions and dollar amount have received more frequent credit increases.

I got the quicksilver card primarily to use outside of the US as it has no foreign transaction fees. We have family in Canada so we have used this card quite often although not as much as our other cards.

Within the US, I mostly use citi doublecash, costco visa which offer higher cash back than quicksilver. Citi doublecash has 3% foreign transaction fee so I don't use this outside the US. Costco visa no foreign transaction fee 4% cash back on gas worldwide, 3% restaurants and travel, 2% at costco, 1% everything else.

[aristotelian]

I have $10K. I would gladly give some of mine to you since I hardly use this card except for foreign travel. I don't remember doing anything special to get the $10K but I have had the card a long time, maybe 10 years, and it was my go-to card for quite a while. I don't really keep track of my credit score but it is usually 750-790.

[terran]

That's really strange. We have similar stats and have a $15k limit. We only have one other active credit card. Do you have lots of other cards? Maybe they don't like people to have too much available credit.

[Jags4186]

Capital One won't approve me for anything so don't feel too bad.

[Grasshopper]

I just don't get it I have Cap One World CC with a $30K limit, Ms G had a $10K limit on a QS CC asked for an increase and got another $1K. We both are at around 825 out of 850 credit score. We average $2K in purchases on both cards every month, paid in full.

[lessismore22]

I have the Quicksilver card with 18k limit. Had a different Capital One card for the past 10 years that had a similar limit, so I assume that's why I have it on this one. Credit Score - 800+ Income - Six figures Debt- Primary residence only

[suemarkp]

Same for me and I think my limit is $19K. I do have 50K in a cap one money market and have for quite a while so maybe that pushes up the limit. I had accounts at ING Direct before cap one took them over. But had no credit card there until well after ING became cap one.

[Cubicle]

Darn! I would love a higher limit. I probably spend ~$4,000 per month on that card. I do have 2 other cards, so not a wallet full. When I was buying stuff for my house reno, I usually couldn't put the full amount on my Capital One card at once.

Now I'm upset again... Thanks everyone for chiming in. I don't know what else they are looking for from me. I have my business checking & 3 personal checking accounts with them. All linked under 1 website ID, so they know I use them a lot! I have all my income & monthly spend updated with them.

The only thing I can think of is I have never paid any interest or fees on the card. I never carry a balance. I never use any cash advance. So maybe they haven't made a dollar on me... losing overall due to the cashback.

Golly Capital One... 14 years...

[Annabel Lee]

Really strange. Quicksilver for 4 years, first Capital One card though I had the 360 account. Got it when living abroad, probably going to start using it more now that my Sapphire bonus came through.

I think I started with a $25k limit which went up (unrequested) to $30k.

800+ credit score, six figure income, homeowner, and apparently lucky to have the higher limit. Came in handy when doing some work on my house earlier this year.

[VT05]

I declined them a limit increase a few times and then one day they increased it without asking from 25k to 50k. I wasn’t thrilled about it.

[Cubicle]

I think I started with a $25k limit which went up (unrequested) to $30k.

they increased it without asking from 25k to 50k

Blanking blanked blank. Seriously? I am also a home owner. Maybe my age??? I'm early 30s.

My other 2 cards have $18,000 & $25,000 limits.

I had to literally beg for an increase from $3,000 to $5,000 over 1 year ago.

Wow... now I'm upset & curious.

[Annabel Lee]

I think I started with a $25k limit which went up (unrequested) to $30k.

they increased it without asking from 25k to 50k

Blanking blanked blank. Seriously? I am also a home owner. Maybe my age??? I'm early 30s.

My other 2 cards have $18,000 & $25,000 limits.

I had to literally beg for an increase from $3,000 to $5,000 over 1 year ago.

Wow... now I'm upset & curious.

Damn. Nope, same age range. Doesn’t seem fair.

[Annabel Lee]

Duplicate

[Hiker-Biker]

Darn! I would love a higher limit. I probably spend ~$4,000 per month on that card. I do have 2 other cards, so not a wallet full. When I was buying stuff for my house reno, I usually couldn't put the full amount on my Capital One card at once.

Now I'm upset again... Thanks everyone for chiming in. I don't know what else they are looking for from me. I have my business checking & 3 personal checking accounts with them. All linked under 1 website ID, so they know I use them a lot! I have all my income & monthly spend updated with them.

The only thing I can think of is I have never paid any interest or fees on the card. I never carry a balance. I never use any cash advance. So maybe they haven't made a dollar on me... losing overall due to the cashback.

Golly Capital One... 14 years...

Could they consider you a higher risk since it appears you have a business vs others who only have W-2 income? I have a Cap 1 World card and they ask for total income every year so they can update our credit limit. Do you provide that info if asked?

I just provide W-2 figures and leave out dividends/cap gains since I prefer not to disclose it.

[bob60014]

Darn! I would love a higher limit. I probably spend ~$4,000 per month on that card. I do have 2 other cards, so not a wallet full. When I was buying stuff for my house reno, I usually couldn't put the full amount on my Capital One card at once.

Now I'm upset again... Thanks everyone for chiming in. I don't know what else they are looking for from me. I have my business checking & 3 personal checking accounts with them. All linked under 1 website ID, so they know I use them a lot! I have all my income & monthly spend updated with them.

The only thing I can think of is I have never paid any interest or fees on the card. I never carry a balance. I never use any cash advance. So maybe they haven't made a dollar on me... losing overall due to the cashback.

Golly Capital One... 14 years...

Just curious, when attempting a increase, have you talked to a csr or are you doing this on line?

[whereskyle]

I have the Capital One Quicksilver credit card. I like it. But I wish I could get a higher limit. I have had the card since 2006, I currently have a 815 credit score, income well into the 6 figures, & for the past 2 years I have been denied any credit limit increase above my current $5,000 limit. I even considered cancelling the card because of this. I still am, but it will probably ding my credit score.

Anyone here have a Capital One Quicksilver card credit limit above $5,000? If so, can you provide some details about your finances? General credit score, income, length of having the card. Anything in particular you think got you a high credit limit.

They gave me a $10k credit limit two years ago. Got it for a balance transfer. Score was 750 or so. I had plenty of student loan debt and some credit card debt at the time. Income was around $70k. I have never asked them for a limit increase.

[meowcat]

I have the Capital One Quicksilver credit card. I like it. But I wish I could get a higher limit. I have had the card since 2006, I currently have a 815 credit score, income well into the 6 figures, & for the past 2 years I have been denied any credit limit increase above my current $5,000 limit. I even considered cancelling the card because of this. I still am, but it will probably ding my credit score.

Anyone here have a Capital One Quicksilver card credit limit above $5,000? If so, can you provide some details about your finances? General credit score, income, length of having the card. Anything in particular you think got you a high credit limit.

We have a Capital One Quicksiver card with a $15k limit. My credit score is around 790. We spend between 2 and 3k a month on the card and always pay it in full each month.

[Halicar]

And I've been wondering why my limit is only $6750, when my other cards are 10-15k. My income is probably less than half yours and my credit score is about the same. I've had the card for about 10 years now.

[Jags4186]

OP, why bother doing business with Capital One? Just get a Fidelity Visa or Citi Double Cash.

[Kenkat]

My credit limit on my Quicksilver card is $20k and my finances are similar to yours; my credit score on the Capital One site is 827 and if anything, it sounds like your income might be higher. I never have more than $1-2k on it at any given time though and pay it off in full every month, so I don’t need that much anyway.

I’d call them and tell them you’d like a credit line increase or you are going to have to get a different card. If they say no, there’s plenty of other options out there.

[Jim Beaux]

I think I started with a $25k limit which went up (unrequested) to $30k.

they increased it without asking from 25k to 50k

Blanking blanked blank. Seriously? I am also a home owner. Maybe my age??? I'm early 30s.

My other 2 cards have $18,000 & $25,000 limits.

I had to literally beg for an increase from $3,000 to $5,000 over 1 year ago.

Wow... now I'm upset & curious.

I faced something similar- house paid for, cars paid for, good credit. I called and asked for an explanation (you should too). As I remember, the explanation was, though I had good credit and wasnt over extended - I still had the potential to be. The banks policy was not to extend unsecured credit exceeding 30% of income.

30% of an income on $150K would be the total of the 3 CC's you currently have - $45K

[mpsz]

I opened the Quicksilver a few years back and got a 10k limit. Credit score hovering around 800 +/- 20. Income was about 90k. Total credit lines probably just north of 100k with 1-3% utilization. Renter. Besides the 1-3% utilization on cards, my only other debt was a car loan.

I had applied for C1 cards a few other times before and been denied. They are notorious for denying you if your credit is too good. The only thing I can think of that changed is I have a roommate who is a very profitable customer for Capital One. I'm talking $50k car loan at 8% that he only pays the minimum on, carries a balance on his credit cards north of 20%. I am assuming they saw our shared address and expected me to be similarly profitable. I am not.

[Grt2bOutdoors]

I think I started with a $25k limit which went up (unrequested) to $30k.

they increased it without asking from 25k to 50k

Blanking blanked blank. Seriously? I am also a home owner. Maybe my age??? I'm early 30s.

My other 2 cards have $18,000 & $25,000 limits.

I had to literally beg for an increase from $3,000 to $5,000 over 1 year ago.

Wow... now I'm upset & curious.

That's the issue - you have $48,000 in consumer credit limits, in addition to your mortgage of what? In other words your DTI or debt to income is what?You spend $4K a month not including your home mortgage and your net take home pay is what? Do you have a HELOC in your name too? Any other consumer debt? - Car lease, etc? What is the LTV of your home to mortgage debt? Take the $4K + the monthly PITI + any other consumer debt and divide it by your take home pay. That is your DTI ratio.

[PressIt]

I have the Capital One Quicksilver credit card. I like it. But I wish I could get a higher limit. I have had the card since 2006, I currently have a 815 credit score, income well into the 6 figures, & for the past 2 years I have been denied any credit limit increase above my current $5,000 limit. I even considered cancelling the card because of this. I still am, but it will probably ding my credit score.

Anyone here have a Capital One Quicksilver card credit limit above $5,000? If so, can you provide some details about your finances? General credit score, income, length of having the card. Anything in particular you think got you a high credit limit.

2006 was a long time ago. Was your credit / income in a different shape at the time? Apparently Capital One will place you in a certain tier when you open your card, and you can't rise above that tier unless you apply for a new card, despite improving your credit. My wife had a 5k capped card with capital one while rebuilding her credit and she was denied an increase multiple times. Instead, she applied for another Capital One card (Savor, her other was quicksilver) and got a 15k limit off the start, even though she had just been denied for a credit limit increase the day before. She now has two cards totaling 20k with them when they wouldn't even lift her limit over $5,000. Seems like a wonky way to do things, but I've read similar reports on sites such as myfico.

Another possibility is that 2006 was 14 years ago, and you mentioned you're in your early 30s. Were you a student when you opened this card? You are probably hard locked into a lower tier. Again, no confirmed source from Capital One on this, but multiple accounts on credit card forums and my own personal experience make me think they do lock you in.

[JohnDindex]

I can't stand capital one, I had the SAME problem with quicksilver, $15k limit wasn't enough for us to put ALL of our monthly spending on. Every time I asked for increase, declined. 750+ credit, low debt, and HIGH income.

I quit using that card but still use the Capital one spark 2% biz card, and have had the same issue, with large spend month after month, they increased my limit from $50k to $53k.

YMMV but overall IMO AMEX is a FAR superior company.

[Oddball]

I got a Quicksilver card about 6 months ago with the sole intent of using it to pay for a semester of grad classes for DW (~$5000). 0% interest for 12 or 15 months plus a sign on bonus of $200 or so is how we are paying for her grad school (also have a discover card for a different semester and will need to get another CC for this summer semester). This is the only card or account at Capt 1. Credit limit is $27,500

Both our credit scores are ~810, one income at $90k/year as DW is stay home mom during day, student at night. We are both around 40 years old.

We have a lot of open credit cards. Citi Double cash, Chase Freedom, BofA cash back card, Target Red card, Amazon Card, and AMEX 6% cash back groceries card; all paid in full each month. We have 3 mortgages (3 rentals units) and a HELOC. Plus another 3 CC with balances that are 0% which are paid monthly so by the end of the 0% interest period they will each be paid off. Car is paid off. Credit utilization is ~30%.

[BrownEyedGirl_27]

We got a 20k limit right out the gate, and already had about 9k limit on two other cards before applying last year. No mortgage or other loans either. Our credit score was maybe about 720 before opening Cap One and it’s now at 780.

I’m sorry they’re not playing nice! Especially when you have a long history with them given your other accounts. Some things in life are very strange.

[Cubicle]

Damn. Nope, same age range. Doesn’t seem fair.

I agree. Darn it to heck...
________________________

Could they consider you a higher risk since it appears you have a business vs others who only have W-2 income? I have a Cap 1 World card and they ask for total income every year so they can update our credit limit. Do you provide that info if asked?

I just provide W-2 figures and leave out dividends/cap gains since I prefer not to disclose it.

Through the website & customer service I always give my current income. Maybe my business account...? I dunno. I move a lot of money in & out of my business account due to getting paid & paying myself.
________________________

Just curious, when attempting a increase, have you talked to a csr or are you doing this on line?

Both. Denied all times. The customer rep told me they weren't raising limits at the current time. The website generates a mailing to my house with no specific reason, just possible reasons why: "recently opened account or recent raised limit or not enough credit history".
________________________

And I've been wondering why my limit is only $6750, when my other cards are 10-15k. My income is probably less than half yours and my credit score is about the same. I've had the card for about 10 years now.

Darn! I'm at a lower credit limit but objectively my "numbers" are better. (Not in a negative way to you!)
________________________

OP, why bother doing business with Capital One? Just get a Fidelity Visa or Citi Double Cash.

I opened my first bank account & this same credit card with them the day I turned 18. So it's just been habit. But this card limit plus the fact they are asleep about the PPP small business loans (I would like to apply through them...) is really making me rethink my relationship with them. I have a pretty good checking account with them (free checks, atm fees reimbursed, free cashier's checks, some other perks) but I could shop around I make do with another bank & credit card at this point.
______________________

I’d call them and tell them you’d like a credit line increase or you are going to have to get a different card. If they say no, there’s plenty of other options out there.

Yeah, this is where I gotten to at this point. I'd like to stay with them, but this seems illogical & arbitrary. And kinda unfair...
______________________

The banks policy was not to extend unsecured credit exceeding 30% of income.

30% of an income on $150K would be the total of the 3 CC's you currently have - $45K

I guess maybe. But my income that they know about (because I have told them multiple times) is a good amount higher than $150,000. But I appreciate this data point!
_____________________

That's the issue - you have $48,000 in consumer credit limits, in addition to your mortgage of what? In other words your DTI or debt to income is what?You spend $4K a month not including your home mortgage and your net take home pay is what? Do you have a HELOC in your name too? Any other consumer debt? - Car lease, etc? What is the LTV of your home to mortgage debt? Take the $4K + the monthly PITI + any other consumer debt and divide it by your take home pay. That is your DTI ratio.

Mortgage of ~$160,000. No HELOC. $12,000 of a perkins student loan (cheap interest, don't wanna pay it off). No car loans. All 3 of my credit cards are paid in full several times per month. No other debts. LTV is ~88% on my mortgage.

My DTI calculation comes to ~20% (mortgage, student loan, credit card spend, everything). Is that bad?
____________________

2006 was a long time ago. Was your credit / income in a different shape at the time? Apparently Capital One will place you in a certain tier when you open your card, and you can't rise above that tier unless you apply for a new card, despite improving your credit.

...

Another possibility is that 2006 was 14 years ago, and you mentioned you're in your early 30s. Were you a student when you opened this card? You are probably hard locked into a lower tier. Again, no confirmed source from Capital One on this, but multiple accounts on credit card forums and my own personal experience make me think they do lock you in.

Oh... Maybe. I had zero credit history when I got my QuickSilver card. It was my first credit card ever. I was a 18.0001 years old when I applied. I would accept this as a reason. I guess it (maybe...) makes sense. Thanks for throwing this in.
___________________

Thanks for everyone I didn’t quote from as well. This has been very helpful. Anyone else with theories & opinions & knowledge please do chime in. I’ll call them this weekend. But a skimming on twitter shows their wait times are hours long.

I’ll post the outcome of my phone call with them.

[sg2060]

Apply for a second quicksilver card and then call to shift credit line over if the goal is to have one card with a higher limit. My main one has 50k while the other has like 5k now.

[nalor511]

Apply for a second quicksilver card and then call to shift credit line over if the goal is to have one card with a higher limit. My main one has 50k while the other has like 5k now.

+1 this is what I would suggest, or, another one of their cards instead of Quicksilver, and request the reallocation

[Cubicle]

Apply for a second quicksilver card and then call to shift credit line over if the goal is to have one card with a higher limit. My main one has 50k while the other has like 5k now.

+1 this is what I would suggest, or, another one of their cards instead of Quicksilver, and request the reallocation

Whoa...... I can get a 2nd QuickSilver card? I never knew any bank would issue a 2nd-same credit card. But I guess I never thought about it. I really like this plan. I called in today & the voice recording said: "Just so you know, the wait time is over 1 hour right now." I hung up.

So for clarity, I get QuickSilver 2, then request my QS1 be moved onto QS2? Or QS2 moved onto 1? Ideally I would like to maintain the longevity I've had with my QS1 card (since 2006).

(And you too have a $50,000 limit?!?!)

Alternatively, if I apply for the Capital One Savor card, I can have that (hopefully) higher limit transferred to my QS1 card?

Thanks for any help!

[nalor511]

Yes I've applied for a second "same" card and moved the limit over to an older card, and also done it with a second "different" card at the same bank, obviously not at the same time. My limit is only 30k.

[2tall4economy]

Cal customer service. Talk to a manager human being. Ask what they need from you. Usually works.

If it doesn’t, hang up and try again.

I do think capital one is notorious for low credit limits though. Every card I had was a minimum $20k for years and years except capital one who limited me to $2k or $8k or something crazy.

My wife, without income, got approved for 3x the limit. Lol.

A few years later I got one too, with a reasonable limit.

But now I just use the 2% fidelity card and love it.

[Momus]

I wanted $150 bonus, got approved for 30k first try. I only make 100k+ on W2

835 credit score.

[Cubicle]

Thanks for the latest tips on opening a 2nd card, then merging them. That's the avenue I will definitely be pursuing. I'll get to keep my card's age & get a higher credit limit.

Any idea if I could apply for the 2nd card online? Or should I apply over the phone? For the purposes of merging the accounts in 1-2 billing cycles it sounds like it wouldn't matter. But why not ask...

Couldn't get through via telephone today again. Are thousands of people calling in to have their payments deferred??? I'll try this week.

I'll post an update when I speak with someone.

Thanks to all!

[sg2060]

Thanks for the latest tips on opening a 2nd card, then merging them. That's the avenue I will definitely be pursuing. I'll get to keep my card's age & get a higher credit limit.

Any idea if I could apply for the 2nd card online? Or should I apply over the phone? For the purposes of merging the accounts in 1-2 billing cycles it sounds like it wouldn't matter. But why not ask...

Couldn't get through via telephone today again. Are thousands of people calling in to have their payments deferred??? I'll try this week.

I'll post an update when I speak with someone.

Thanks to all!

You can and probably should apply online. After approval, then you can call to shift credit line. If you get a notice that your application is pending, I would then call and see what the deal is. Good luck!