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

FAQs

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

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.

Which card earns the most? The Capital One Platinum focuses on helping you build credit, so it doesn't offer a cash back program. Meanwhile, Capital One Quicksilver delivers 1.5 percent cash back on every purchase, with no limits, making it easy to earn more.

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.

Yes, you can upgrade from Capital One Platinum (see Rates & Fees) to the Capital One Quicksilver Cash Rewards Credit Card (see Rates & Fees). You can do so either with an offer from Capital One through your online account or by calling the number you see on the back of your card.

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.

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.

The Capital One Quicksilver is a good card with a simple rewards system and no annual fee. There are plenty of instances it could be a great addition to your wallet — but it isn't the only flat-rate cash back credit card worth considering.

Capital One Platinum, while it's meant to help people rebuild their credit, still requires a fair credit score to qualify. That's a FICO score of 580 or higher. If your score is lower than that, you may want to take a look at the best credit cards for bad credit.

Capital One Platinum Secured card

A secured credit card can be a helpful credit-building tool when it's used responsibly over time. The Platinum Secured card is one example. It has no annual fee and no hidden fees. View important rates and disclosures.

The credit score you need for the Capital One QuicksilverOne card is 640 or higher. The Capital One QuicksilverOne card is also available to people with no credit or limited credit history, so you may be able to get approved even if you have less than 3 years of experience.

Is Capital One Quicksilver a hard card to get? ›

The Capital One Quicksilver Card is hard to get because it requires at least good credit for approval (a credit score of at least 700 is recommended), and you need excellent credit to get the best initial bonus. You also need a steady income to qualify for the Capital One Quicksilver card.

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.

Capital One credit cards for fair credit include QuicksilverOne, Quicksilver Secured, and the Platinum Mastercard. Your credit score is only one of the many factors that determine your credit approval odds. The best way to know if you'll qualify is to get pre-approved. It's quick, easy and won't hurt your score.

The Capital One Platinum Credit Card is available to applicants with fair credit or better, although eligibility isn't decided by credit scores alone. Your income, debts and other factors are also considered. Fair credit, also called "average" credit, is generally defined as a FICO credit score of 630 to 689.

Capital One Platinum, while it's meant to help people rebuild their credit, still requires a fair credit score to qualify. That's a FICO score of 580 or higher. If your score is lower than that, you may want to take a look at the best credit cards for bad credit.

The bottom line

While you won't find rewards or many perks with the Capital One Platinum Credit Card, it's a decent card for building or rebuilding your credit score without distractions. It comes with no annual fee, and Capital One automatically reviews your account for a credit line increase after six months.