I knew that aside from the no preset spending limit feature, the Signature card must have some other benefits, given that the MasterCard "World" version has some additional enhancements. The reps at Chase have always steered me away from this card. Actually, except for the credit line reporting problems and high APR, the Chase Freedom Signature Visa is a very attractive card.
krystofur wrote:In all fairness, there is one onther difference between the two cards. The signiture card comes with signiture benefits.Depending on how many of the benefits you can take advantage of, it may be worth it, especially if this is a PIFer for you. To date, I haven't used any myself.
As I understand, some people report the consequence of no-preset is that no CL gets reported against balances, just high balance, which can hurt utilization. If the card is then also reporting consumer finance loan/open account and you have to wonder about the credit impact.