Reply
Established Member
kyjd-2015
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
09Lexie
Posts: 26,321
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
thom02099
Posts: 1,334
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. 

Diners Club Premier MasterCard $50K / AMEX Gold NPSL / AMEX Zync NPSL / AMEX Blue Cash Preferred $14K / Bank of America Cash Rewards Signature Visa $15K / Merrill Lynch Plus Signature Visa $15K / Wells Fargo Propel 365 $15K / Chase Sapphire Preferred Signature Visa $10K / J P Morgan Select Signature Visa $10K / Chase Slate Visa $6K / CITI Diamond Preferred MasterCard $13.2K / Discover IT $10.5K / IberiaBank Select Visa $8K / 1st Command Bank Platinum Visa $7.5K // Home Depot $9.7K / Lowes $10K

EX = 799 EQ = 812 TU = 811 - 11/2014
Valued Contributor
ryanbush
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
andre181
Posts: 628
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 $25K | FNBO Visa $22K | Citi Forward $14.5K | US Bank Cash+ Visa Sig $15K | Priceline/Barclays $10K | Chase Freedom $10.5K | Amazon/Chase Visa Sig $8.3k | Citi Double Cash $6.5K | BoA Cash Rewards 1-2-3 Sig $7.5K | Sallie Mae World MC/Barclays $5K | Capital One Cash Rewards $5K | Commerce Bank $5K | WF Cash Back Visa $3.6K | Amazon/GEMB $2.5K | Younkers/Comenity $2.4K | AMEX BCE $2K Target $1K | AMEX Green
EX FICO (from AMEX): 754, TU08 FICO (from Discover): 755, AAoA: 3.6 years
Valued Contributor
injustifiiable
Posts: 1,867
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 6/17/2014: TU FICO: 643 | EQ FICO: 675 | EX AMEX FICO: 666

In my new wallet: American Express Premier Rewards Gold EMV: NPSL | BankAmericard Cash Rewards Visa EMV: $2500 | BarclayCard Rewards Average: $2000 | Travelocity Rewards AMEX: $1050 | Discover IT: $1500 | Amazon Rewards Visa: $1500 | Sportsman's Guide Visa: $3000 | Capital One QuicksilverOne MasterCard: $1250 | Target: $400 | J.Crew $5950
Regular Contributor
asteroidblues86
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
HiLine
Posts: 3,088
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! :smileyhappy:

 

Established Member
kyjd-2015
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
asteroidblues86
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.


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}