Credit Cards Center Credit cards from our partners
Reply
Established Member
Posts: 21
Registered: ‎02-11-2013
0

Question about Visa Signature

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?

EQ-679 TU-721 EX-?

Citi Diamond Preferred ($1K) Cap One Venture ($2500) Discover IT ($4400) Chase Slate ($400) BofA Case Visa ($1000) CiTi AA ($2800)
Moderator Emerita
Posts: 27,204
Registered: ‎09-13-2012
0

Re: Question about Visa Signature

Usually but not always. If your bank says it is then I'm sure it is. Just like some CL at $5000 are not Visa Signature. I have a $10k Visa and its not a Signature- my CU doesn't have Signature Visa's.

Congrats
Valued Contributor
Posts: 1,590
Registered: ‎08-30-2011
0

Re: Question about Visa Signature


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. 

EX = 834 EQ = 846 TU = 834 as of 09/2016
Retired and Retiring Cards!
Valued Contributor
Posts: 1,292
Registered: ‎08-19-2012
0

Re: Question about Visa Signature


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?

Chase Sapphire Perferred | Chase Freedom | AMEX Platinum | AMEX Delta Platinum | AMEX SPG | Capital One Venture | Capital One Quicksliver | Discover IT | ABFCU Visa | Citi AA WEMC
Established Contributor
Posts: 643
Registered: ‎07-29-2010
0

Re: Question about Visa Signature

This is the same as my Citi ThankYou Preferred. It has a CL of $3500 but is a visa signature and is NPSL. 

Discover IT $35K | FNBO Visa $30K | Cash+ Visa Sig $19.5K | Southwest Premier $16K | Priceline $15K | Citi Forward $14.3K | US Bank Plat $14K | Commerce Bank $13K | CSP $13K | CSR $10K | Sallie Mae World MC $10K | Lowe’s Consumer 10K | BoA Cash Rewards 1-2-3 Sig $7.5K | Fidelity Visa $7K | Citi Double Cash $6.5K | WF Cash Back Visa $5.4K | Capital One Cash Rewards $5K | AMEX BCE $3.9K | Freedom $2.5K | Younkers/Comenity $2.4K | Kohl’s 1.5K | Target $1.4K | EX FICO (from AMEX): 768, TU FICO (from Discover): 797, AAoA: 4.4 years
Valued Contributor
Posts: 2,136
Registered: ‎03-30-2012
0

Re: Question about Visa Signature

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.

Scores 5/15/2016 (clean reports!): TU Walmart FICO: 696 | EQ FICO: 679 | EX AMEX FICO: 680

In my new wallet: American Express Green EMV: PSL $2000 | BankAmericard Cash Rewards Visa EMV: $2500 | Citi AAdvantage Platinum Select World MasterCard: $6400 | Barclaycard Arrival World MasterCard: $1000 | Discover IT: $2500 | Amazon Rewards Visa Signature: $1500 | Chase Freedom: $1500 | Capital One QuicksilverOne MasterCard: $2100 | Target: $2800 | J.Crew $21,550 | Marvel (Captain America) MasterCard: $6000
Regular Contributor
Posts: 234
Registered: ‎08-04-2012
0

Re: Question about Visa Signature


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.

Blogger
Posts: 3,367
Registered: ‎10-19-2012
0

Re: Question about Visa Signature


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! Smiley Happy

 

Established Member
Posts: 21
Registered: ‎02-11-2013
0

Re: Question about Visa Signature

Thanks, everyone.  Last question...what is the real difference between Visa and Visa signature?

EQ-679 TU-721 EX-?

Citi Diamond Preferred ($1K) Cap One Venture ($2500) Discover IT ($4400) Chase Slate ($400) BofA Case Visa ($1000) CiTi AA ($2800)
Regular Contributor
Posts: 234
Registered: ‎08-04-2012
0

Re: Question about 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.

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.