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I was recently approved for the Citi AA card with a limit of $2800. I got my welcome letter today and it says that it is a Visa Signature. I was under the impression that a Signature card required at least a $5000 limit. Is this incorrect?
@kyjd-2015 wrote:I was recently approved for the Citi AA card with a limit of $2800. I got my welcome letter today and it says that it is a Visa Signature. I was under the impression that a Signature card required at least a $5000 limit. Is this incorrect?
I believe that's set by the issuer, and not Visa per se. There's no "requirement" by Visa. Each issuer determines what their minimum criteria is for a Visa Signature card, and they may have different standards depending on where one's credit scores and other factors, lands them.
@thom02099 wrote:
@kyjd-2015 wrote:I was recently approved for the Citi AA card with a limit of $2800. I got my welcome letter today and it says that it is a Visa Signature. I was under the impression that a Signature card required at least a $5000 limit. Is this incorrect?
I believe that's set by the issuer, and not Visa per se. There's no "requirement" by Visa. Each issuer determines what their minimum criteria is for a Visa Signature card, and they may have different standards depending on where one's credit scores and other factors, lands them.
Citi seems to be the only one that will give out Visa Signature cards with a CL below 5k.... maybe they have some kind of deal with Visa?
This is the same as my Citi ThankYou Preferred. It has a CL of $3500 but is a visa signature and is NPSL.
My step dad has a BoA Visa Signature with a CL of $2,000 or so...I know this because he had me pay the bill for him online a few times...lol.
@ryanbush wrote:
@thom02099 wrote:
@kyjd-2015 wrote:I was recently approved for the Citi AA card with a limit of $2800. I got my welcome letter today and it says that it is a Visa Signature. I was under the impression that a Signature card required at least a $5000 limit. Is this incorrect?
I believe that's set by the issuer, and not Visa per se. There's no "requirement" by Visa. Each issuer determines what their minimum criteria is for a Visa Signature card, and they may have different standards depending on where one's credit scores and other factors, lands them.
Citi seems to be the only one that will give out Visa Signature cards with a CL below 5k.... maybe they have some kind of deal with Visa?
Visa signature cards earn Citi higher swipe fees from merchants. So it makes sense Citi would issue mostly signature cards to earn more money.
@injustifiiable wrote:My step dad has a BoA Visa Signature with a CL of $2,000 or so...I know this because he had me pay the bill for him online a few times...lol.
Interesting. This is the first time I've heard of this with BofA. Your stepdad must've got the card a while back!
Thanks, everyone. Last question...what is the real difference between Visa and Visa signature?
@kyjd-2015 wrote:Thanks, everyone. Last question...what is the real difference between Visa and Visa signature?
concierge and no preset spending limit.