Absolutely! You can upgrade your Capital One Platinum credit card to the Capital One Quicksilver Cash Rewards Credit Card. This can be done either through an offer from Capital One in your online account or by calling the number on the back of your card.
Here’s what you need to know:
- Capital One typically offers upgrades on accounts that are at least six months old with a history of timely payments and low credit utilization.
- Upgrading won’t affect your credit score. However, if you call customer service to request an upgrade, Capital One will pull a copy of your credit report to see if you qualify. This will cause a slight decrease in your score, but only temporarily.
What Happens Once You Upgrade?
Once you’ve qualified to upgrade, you should receive your new Quicksilver card in about 7 to 10 business days. Unless stated otherwise in your upgrade offer, you’ll keep your current card number with no changes to either your APR or credit limit. You can use both cards until the new one arrives.
However, when you upgrade, you are not eligible for the Capital One Quicksilver’s $200 initial bonus.
What if I Don’t Qualify for an Upgrade?
If you don’t qualify for an upgrade, 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% to 5% cash back on all purchases. The QuicksilverOne card also has a $39 annual fee.
Here’s a quick comparison of the Capital One Platinum and Quicksilver cards:
| Feature | Capital One Platinum | Capital One Quicksilver |
|---|---|---|
| Annual fee | $0 | $0 |
| Rewards | 1% cash back on all purchases | 1.5% cash back on all purchases |
| Foreign transaction fee | 3% | 0% |
| APR | Varies | Varies |
Ultimately, the best card for you depends on your individual needs and spending habits. If you’re looking for a simple card with no annual fee and a flat cash back rate, the Capital One Quicksilver is a great option. However, if you travel frequently and want to avoid foreign transaction fees, the Capital One Platinum might be a better choice.
Here are some additional resources that you may find helpful:
- Capital One Quicksilver Cash Rewards Credit Card review: https://www.capitalone.com/learn-grow/money-management/capital-one-quicksilver-cash-rewards-credit-card-review/
- Capital One Platinum credit card review: https://www.capitalone.com/learn-grow/money-management/capital-one-platinum-credit-card-review/
- How to choose the right credit card for you: https://www.consumer.ftc.gov/articles/choosing-right-credit-card
Maria Adams , Credit Cards Moderator
Yes, you can upgrade from Capital One Platinum to the Capital One Quicksilver Cash Rewards Credit Card. You can accomplish this by calling the number listed on the back of your card or by utilizing an offer from Capital One via your online account. When an account is at least six months old, has a history of on-time payments, and has low credit utilization, Capital One typically offers upgrades.
What to Do if You Don’t Qualify for an Upgrade to Capital One Quicksilver
If you are not eligible for a Capital One Platinum to Capital One Quicksilver upgrade, you may want to look into the Capital One QuicksilverOne Cash Rewards Credit Card. This cards 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 first published on 04/28/21 and it was last updated on 01/15/24. You should always verify accuracy and up to date information about a financial product with the financial institution making it available. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
Secret Capital One Quicksilver Upgrade Hack
FAQ
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