Capital One Platinum vs. Quicksilver: Which Is Best in 2024? (2024)

FAQs

Capital One Platinum vs. Quicksilver: Which Is Best in 2024? ›

Quicksilver: Quicksilver Clearly Wins — If You Qualify. The Platinum is a bare-bones card that helps people build credit, and that's about it. If you've graduated beyond the credit-building stage, choose the Quicksilver for its handsome rewards.

If you can get approved for both, the Capital One Quicksilver card is better than the Platinum card. The Quicksilver card will give you a welcome bonus, 0% APR for the first 15 months and 1.5% cash back. The Platinum card offers no rewards or bonuses, but it also comes with no annual fee.

The Capital One Platinum Secured Credit Card may be a good option for those rebuilding credit. And as you explore your credit card options, consider getting pre-approved. Doing so won't damage your credit score, and you'll be able to get a clearer sense of which cards you may qualify for.

Carmen Peters, Member. The Capital One Quicksilver credit limit depends on your income, creditworthiness and payment history, which are evaluated once you apply for the card. According to anecdotal reports, the card's credit limit can be as low as $750 and as high as $10,000.

Detailed Review

The Capital One Quicksilver Cash Rewards Credit Card is a good option if you value the simplicity of earning a flat rate on all your purchases. You'll get 1.5% cash back on nearly every purchase, without a bunch of bonus categories to remember or spending limits to keep track of.

Quicksilver: Quicksilver Clearly Wins — If You Qualify. The Platinum is a bare-bones card that helps people build credit, and that's about it. If you've graduated beyond the credit-building stage, choose the Quicksilver for its handsome rewards.

Capital One Venture Rewards Credit Card

Highest reported credit limit: $58,000, according to a member on the myFICO forums. Sign-up bonus: Earn 75,000 bonus miles when you spend $4,000 on purchases in the first three months from account opening. Rewards: Earn 2 miles per dollar on every purchase.

Capital One Venture X Rewards Credit Card

A rating of 5 is the best a card can receive. Why it's one of the hardest credit cards to get: The Capital One Venture X Rewards Credit Card is hard to get because it requires excellent credit for approval and charges an annual fee of $395. You get a lot in return, though.

The Capital One Platinum credit limit can be as high as $3,000 according to online cardholder reports, but it will depend entirely on the specifics of each applicant's credit and their overall financial situation. Most cardholders get credit limits of at least $300, though.

How often does Capital One Quicksilver give credit increases? ›

The Capital One Quicksilver Cash Rewards for Good Credit will increase your credit limit no more than once every six months generally. This time frame applies whether you request a credit limit increase yourself or wait for Capital One to offer you an automatic increase.

To get a $10,000 credit limit on a Capital One credit card, you will need to apply for a high-end card like Capital One Venture X and meet the income requirements. Other Capital One cards may offer $10,000 starting credit limits to qualified applicants, but the odds of getting a limit that high are not as good.

The Capital One Platinum Secured Credit Card is easier to qualify for because it's a secured card, which means you'll need a security deposit to open the card. Although the card doesn't come with any rewards, you'll have an easier time getting approved even if you have a weaker credit score.

Rewards rate winner: Capital One QuicksilverOne

The Capital One Platinum doesn't offer any rewards for spending, so the QuicksilverOne wins in this category. The QuicksilverOne lets you earn an unlimited 1.5 percent cash back on all of your purchases, which is a solid rewards rate for a credit card for fair credit.

Is Capital One Quicksilver hard to get approved for? Capital One states that you'll need excellent credit to qualify for the card_name that offers the welcome bonus. That said, qualifying for a Quicksilver Rewards For Good Credit is possible, but you won't earn a welcome bonus or an intro APR.

Capital One Quicksilver FAQ

Quicksilver vs. QuicksilverOne: What's the difference? While you'll typically need excellent credit to get approved for a Quicksilver card, QuicksilverOne is available for people with fair credit. You'll still earn unlimited 1.5% cash back on every purchase but there's a higher APR.

The highest-level Capital One card is the Capital One Venture X. It is a premium travel card for people with excellent credit that offers impressive perks like airport lounge access, annual travel credits and valuable rewards, including an initial bonus of 75,000 miles for spending $4,000 in the first 3 months.

You'll need good-to-excellent credit (a score of at least 690 on the FICO scale) to qualify for the Capital One Quicksilver Cash Rewards Credit Card. Generally, cards that require higher credit scores tend to come with better features than those that require scores on the lower end of the scale.

You may have to start with a secured card if you have no credit history or a bad credit score. You'll need at least a fair or average credit score (a FICO credit score of at least 580) to be considered for the Capital One Platinum card.

If your goal is to get or maintain a good credit score, two to three credit card accounts, in addition to other types of credit, are generally recommended. This combination may help you improve your credit mix. Lenders and creditors like to see a wide variety of credit types on your credit report.