Income Needed for the Capital One Quicksilver Cash Rewards for Good Credit Card (2024)

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Income Needed for the Capital One Quicksilver Cash Rewards for Good Credit Card? ›

Your monthly income needs to be at least $425 more than your monthly rent or mortgage payment to get the Capital One Quicksilver Cash Rewards for Good Credit card, according to Capital One. The higher your income is above the minimum, the more likely you are to be approved.

You can get a Capital One Quicksilver credit limit of $10,000 if your credit score and overall creditworthiness are good enough. You will need at least good credit (a credit score of 700+). But the higher your credit score is, the better are your chances of getting a $10,000 credit limit.

The Capital One Quicksilver (see Rates & Fees) credit score requirement is 700+, which means you need good to excellent credit to get this card. Capital One will also consider your income and debt among others when making approval decisions for the Capital One Quicksilver card.

In general, gross and net income have to do with your paycheck. Gross income is the total amount of money you earn from your wages, tips, commissions and bonuses. And net income is the amount left over after taxes and deductions, like health insurance or retirement contributions.

Your application must include your annual income and the sources of that income. Capital One requires a monthly income that's at least $425 more than your monthly housing payment. Know your credit score before you apply.

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 Quicksilver Cash Rewards for Good Credit will increase your credit limit no more than once every six months generally.

Your monthly income needs to be at least $425 more than your monthly rent or mortgage payment to get the Capital One Quicksilver Cash Rewards for Good Credit card, according to Capital One. The higher your income is above the minimum, the more likely you are to be approved.

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.

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.

How does Capital One verify your income? ›

In addition, we must receive either (1) copies of their three most recent complete bank statements reflecting consistent, consecutive deposit amounts, or (2) copies of their three most recent concurrent cashed handwritten paychecks.

If you have someone 21 or older co-sign the account with you, their income is also considered. If you're 21 or older, you could report personal income from things like financial aid, allowances from parents or relatives, student loans, and household income that could include a spouse or partner's income.

The most likely reason your credit card issuer is requesting this information is to assess if your credit limit and credit card rate match with your current financial situation. Based on your updated income, they may consider increasing or decreasing your line of credit, or perhaps offering new products or services.

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A good annual income for a credit card is more than $39,000 for a single individual or $63,000 for a household. Anything lower than that is below the median yearly earnings for Americans. However, there's no official minimum income amount required for credit card approval in general.

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.

Our take: The Capital One Quicksilver Secured Cash Rewards Credit Card can be an excellent secured card for people who are looking to rebuild their credit, offering 5% cash back on hotels and rental cars booked through Capital One Travel and 1.5% cash back on every purchase.

With Quicksilver, you'll earn unlimited 1.5% cash back on every purchase, every day. There's no limit to how much you can earn and no minimum for how much you can redeem.

Which Capital One Card Has the Highest Credit Limit? Among consumer cards, the Capital One Venture X Rewards Credit Card comes in first, with reports of a $75,000 credit limit, outflanking the other consumer cards from this issuer.

The Capital One QuicksilverOne Cash Rewards Credit Card is available to people with limited credit, while the Capital One Quicksilver Cash Rewards Credit Card requires at least good credit for approval. You can check your latest credit score for free on WalletHub if you don't know where you stand.

A credit line increase will be determined by your payment history as well as your creditworthiness. There's a maximum credit limit range of $1,000 to $3,000, which will also be based on your credit score and history.