@Anonymous wrote:
I don't know if this is beating a dead horse and I apologize in advance if it is, sorryWhat is special about Visa Signature cards if anything? Should I really be excited to have one or is the difference "the same"?
The Concierge service on the visa signature card and world elite MasterCard card SUCK.
@leoment wrote:
@CreditMagic7 wrote:In this always looking for an edge world, is there even a remote chance that on a Manual Review for new credit, that a Signature Card in your profile is distinguishable from the rest of Bankcards to a U/W?
It should. I forget on which reports, but my Signatures (and my World Mastercard) show up as "Flexible Spending Accounts. An underwriter that knows what they're doing upon review should definitely be able to tell its a VS.
I have two flexible spending cards, a Visa and MC, and one regular old Amex charge card. In my usage, I just don't trust the flex cards to actually allow me to significantly exceed the CL. OTOH, I know Amex will let me charge far more than those CLs so I don't use flexible spend and have always put less than the CL on the card. As a result my Amex spend exceeds by 3 fold my total spend on my other 4 cards combined and I treat flexible spend cards exactly like regular CCs and never go over my CL..
Part of the problem is that Amex lets you check an anticipated charge. The Flexible spend cards do not and I'm not about to go through a torturous phone call to CSRs. It isn't even clear to me they can find out whether a charge would be approved on a Flex card.
If the Visa Signature and Mastercard World folks want to go after Amex's high spend business they really need to get their act together and provide some clarity and easy to access services like Amex does.
@cashnocredit wrote:
@leoment wrote:
@CreditMagic7 wrote:In this always looking for an edge world, is there even a remote chance that on a Manual Review for new credit, that a Signature Card in your profile is distinguishable from the rest of Bankcards to a U/W?
It should. I forget on which reports, but my Signatures (and my World Mastercard) show up as "Flexible Spending Accounts. An underwriter that knows what they're doing upon review should definitely be able to tell its a VS.
I have two flexible spending cards, a Visa and MC, and one regular old Amex charge card. In my usage, I just don't trust the flex cards to actually allow me to significantly exceed the CL. OTOH, I know Amex will let me charge far more than those CLs so I don't use flexible spend and have always put less than the CL on the card. As a result my Amex spend exceeds by 3 fold my total spend on my other 4 cards combined and I treat flexible spend cards exactly like regular CCs and never go over my CL..
Part of the problem is that Amex lets you check an anticipated charge. The Flexible spend cards do not and I'm not about to go through a torturous phone call to CSRs. It isn't even clear to me they can find out whether a charge would be approved on a Flex card.
If the Visa Signature and Mastercard World folks want to go after Amex's high spend business they really need to get their act together and provide some clarity and easy to access services like Amex does.
Yeah you can even charge $36 million on a Centurion if you so desire
@Anonymous wrote:
@cashnocredit wrote:
@leoment wrote:
@CreditMagic7 wrote:In this always looking for an edge world, is there even a remote chance that on a Manual Review for new credit, that a Signature Card in your profile is distinguishable from the rest of Bankcards to a U/W?
It should. I forget on which reports, but my Signatures (and my World Mastercard) show up as "Flexible Spending Accounts. An underwriter that knows what they're doing upon review should definitely be able to tell its a VS.
I have two flexible spending cards, a Visa and MC, and one regular old Amex charge card. In my usage, I just don't trust the flex cards to actually allow me to significantly exceed the CL. OTOH, I know Amex will let me charge far more than those CLs so I don't use flexible spend and have always put less than the CL on the card. As a result my Amex spend exceeds by 3 fold my total spend on my other 4 cards combined and I treat flexible spend cards exactly like regular CCs and never go over my CL..
Part of the problem is that Amex lets you check an anticipated charge. The Flexible spend cards do not and I'm not about to go through a torturous phone call to CSRs. It isn't even clear to me they can find out whether a charge would be approved on a Flex card.
If the Visa Signature and Mastercard World folks want to go after Amex's high spend business they really need to get their act together and provide some clarity and easy to access services like Amex does.
Yeah you can even charge $36 million on a Centurion if you so desire
Sure. I'd bet Warren Buffett could spend that on his Green Card too.
And,as an aside, the Centurion offers a pay over time feature as well. Guess what the CL is on that? 35k. Same as a green card with pay over time.
Seriously though, has anyone ever asked how much they could spend over their CL with a MC or Visa flex spend card? Amex revolvers are also flex spend cards that you can charge well over your CL so long as you pay the excess after the next bill. And Amex lets you check your spending ability beforehand just like on a charge card.
@cashnocredit wrote:
@Anonymous wrote:
@cashnocredit wrote:
@leoment wrote:
@CreditMagic7 wrote:In this always looking for an edge world, is there even a remote chance that on a Manual Review for new credit, that a Signature Card in your profile is distinguishable from the rest of Bankcards to a U/W?
It should. I forget on which reports, but my Signatures (and my World Mastercard) show up as "Flexible Spending Accounts. An underwriter that knows what they're doing upon review should definitely be able to tell its a VS.
I have two flexible spending cards, a Visa and MC, and one regular old Amex charge card. In my usage, I just don't trust the flex cards to actually allow me to significantly exceed the CL. OTOH, I know Amex will let me charge far more than those CLs so I don't use flexible spend and have always put less than the CL on the card. As a result my Amex spend exceeds by 3 fold my total spend on my other 4 cards combined and I treat flexible spend cards exactly like regular CCs and never go over my CL..
Part of the problem is that Amex lets you check an anticipated charge. The Flexible spend cards do not and I'm not about to go through a torturous phone call to CSRs. It isn't even clear to me they can find out whether a charge would be approved on a Flex card.
If the Visa Signature and Mastercard World folks want to go after Amex's high spend business they really need to get their act together and provide some clarity and easy to access services like Amex does.
Yeah you can even charge $36 million on a Centurion if you so desire
Sure. I'd bet Warren Buffett could spend that on his Green Card too.
And,as an aside, the Centurion offers a pay over time feature as well. Guess what the CL is on that? 35k. Same as a green card with pay over time.
Seriously though, has anyone ever asked how much they could spend over their CL with a MC or Visa flex spend card? Amex revolvers are also flex spend cards that you can charge well over your CL so long as you pay the excess after the next bill. And Amex lets you check your spending ability beforehand just like on a charge card.
Isn't the Palladian a 3x card, where you can spend 3x your CL (and have to pay back the excess over the CL by the next statement)?
But in general I don't think it is much of a feature. The issuer can decline any charge (including those over the CL) and can approve charges over the CL on non-flex cards. Now they are far more likely to approve some amount over on a flexible card, true, but as cashnocredit suggests, it's not something you can plan on
Not all BOA is star we $ 1000.00 for visa Sing
