Visa Platinum requirements degradation

[jamesdwi]

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@ChesterPDexter wrote:

I think they should assign names for lower levels of cards all the way down to starter and secured cards.

The Bronze card.

The Cherrywood card.

The Driftwood card.

The Pressed Particle-Board card.

The Paper Napkin Card.

The T.P..... oh, you get the idea.

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+10

[learnin113]

LOL

[dalebb]

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@CS800 wrote:

My take is that those 'Gold' or 'Platinum' makes people feel good. Hey I have a Cap One Platinum woohoo with a $1100 CL...I feel good already that it's a Platinum

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Zync is a very cheap metal as in Amex Zync, but its a gr8 card with all its perks and $25 AF,, go figure

[HoldingOntoHope]

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@ChesterPDexter wrote:

I think they should assign names for lower levels of cards all the way down to starter and secured cards.

The Bronze card.

The Cherrywood card.

The Driftwood card.

The Pressed Particle-Board card.

The Paper Napkin Card.

The T.P..... oh, you get the idea.

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This should be a nominee for "Funniest Post of the Year" category!! I won't even try to hazard a guess as to where I truly belong in these categories.

[CS800]

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@dalebb wrote:

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@CS800 wrote:

My take is that those 'Gold' or 'Platinum' makes people feel good. Hey I have a Cap One Platinum woohoo with a $1100 CL...I feel good already that it's a Platinum

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Zync is a very cheap metal as in Amex Zync, but its a gr8 card with all its perks and $25 AF,, go figure

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I agree, despite being a charge card the Zync has good perks. I use it sometimes when dining.

But do you think it can beat my Cap One Platinum??? I mean it's a platinum so it's the top of the food chain right???

[CS800]

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@ChesterPDexter wrote:

I think they should assign names for lower levels of cards all the way down to starter and secured cards.

The Bronze card.

The Cherrywood card.

The Driftwood card.

The Pressed Particle-Board card.

The Paper Napkin Card.

The T.P..... oh, you get the idea.

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What about if your credit is so bad that you dont even get a card *(excluding secured)....I was there not long ago

[PetRaccoon]

The Recycled glass card that shatters after every swipe and you need to replace it of course!

[baronofthenorth]

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@Gollum wrote:

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@baronofthenorth wrote:

[snip]

Platinum is the new entry-level; World, World-elite, and Signature are the high-roller cards now.

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Please explain to me how the Simmons First National Bank Visa Platinum is "the new entry level."

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Clearly, as others have indicated in this thread, there are exceptions to the rule.  Obviously, Simmons card is upper level, and there are others as well.  My point was simply that 15 years ago you would be hard-pressed to find anything with the "platinum" label on it with a 300-500 CL.  It is not what it used to be.  There are all kinds of cards, prime and sub-prime, with the platinum label.  It is not as exclusive as it once was.  I personally don't care that much.  Extra perks are nice, but labels do not mean much to me either.  The bank that backs it is more important to me.

[Imhotrodcrazy]

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@CS800 wrote:

What about if your credit is so bad that you dont even get a card *(excluding secured)....I was there not long ago

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I would like to nominate that as "The Screw Up Card".  

[Anonymous]

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@baronofthenorth wrote:

Having worked in the credit card industry (with a bank that issued both VISA and M/C brand cards) you are correct in your overall observation, though I cannot offer more specific reasons other than a general dilution over time.  However, if you look at the growth of the credit cards industry over the years, opening the "platinum level" cards to more people lured them in thinking they were getting something special.  Remember the regular and "gold" versions?  When was the last time you saw a "gold" card other than Amex?  Platinum is the new entry-level; World, World-elite, and Signature are the high-roller cards now.  

Just like a person used to be able to become an RN with an Associates in Nursing, now it is minimum of a Bachelor's, and they are already projecting requiring a Master's in the not too distant future.  All marketing and money as far as I am concerned in both credit cards and professional degrees.

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Not that this has anything to do with the discussion at hand, but that's untrue. You are very much able to get your nursing license as an RN with an Associates. Bachelors is only required for management positions. While I can see nursing programs moving to BSN only for licensing purposes, Master's...doubtful.