Yes, you can upgrade from Capital One Platinum to the Capital One Quicksilver Cash Rewards Credit Card. 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. Capital One tends to offer upgrades on accounts that are at least six months old with a history of timely payments and low credit utilization.
How to Accept an Offer to Upgrade a Capital One Platinum
- Click “Upgrade Now” on the notice in your online account or email, followed by “Finalize Now.”
- Check the box stating you agree to the terms.
- Click “Upgrade Card” to complete the process.
Upgrade offers do not affect your credit score. If you call customer service to request an upgrade, however, Capital One will pull a copy of your credit report to see if you qualify. This will cause a slight decrease in your credit score, but only temporarily.
What Happens Once You Upgrade a Capital One Platinum
Once you’ve qualified to upgrade Capital One Platinum to Capital One Quicksilver, you should receive your new card in about 7 to 10 business days. Unless it’s stated differently in your upgrade offer, you will keep your current card number with no changes to either your APR or credit limit.
You can use the Capital One Platinum and utilize Capital One Quicksilver’s features and benefits until the new card arrives. However, when you upgrade, you are not eligible for the Capital One Quicksilver’s $200 initial bonus.
What to Do if You Don’t Qualify for an Upgrade to Capital One Quicksilver
If you don’t qualify for an upgrade from Capital One Platinum to Capital One Quicksilver, consider the Capital One QuicksilverOne Cash Rewards Credit Card instead. This card's credit requirements are similar to Capital One Platinum’s, but it offers 1.5 - 5% cash back on all purchases. The Capital One QuicksilverOne card also has a $39 annual fee.
This answer was last updated on 01/15/24 and it was first published on 04/28/21. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
