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Established Contributor
kroberts67
Posts: 835
Registered: ‎03-04-2013
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Visa Signature card - what are these?

Sorry if this sounds dumb but I've seen many a talk about Visa Signature Cards but I don't know why they are so wanted.  What makes a card a Signature card, what are the perks, why do you all want them so badly?



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VirusCredit13
Posts: 163
Registered: ‎02-20-2013
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Re: Visa Signature card - what are these?

Yeah there are perks. Rental car insurance, travel accident insurance, NPSL among other things.

 

Mastercards version is World MC. 

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eddie84
Posts: 615
Registered: ‎05-28-2013
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Re: Visa Signature card - what are these?

Yup, Visa Signature benefits. :smileyhappy:

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yudeology101
Posts: 4,652
Registered: ‎06-21-2012
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Re: Visa Signature card - what are these?


kroberts67 wrote:

Sorry if this sounds dumb but I've seen many a talk about Visa Signature Cards but I don't know why they are so wanted.  What makes a card a Signature card, what are the perks, why do you all want them so badly?


Visa Signature cards offers a number of perks such as travel protection, concierge services, entertainment/ luxury hotel & other stuff deals, etc. Also, Visa Signature reports as "flexible spending credit card" (other term given- NPSL) which means that you can go over your given limit w/o overlimit fees, as long as you pay the excess by the due date.

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Jlu
Posts: 922
Registered: ‎06-12-2012
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Re: Visa Signature card - what are these?

[ Edited ]

Their concierge service is subpar at best.

 

Take JP Morgan's conceirge service as a comparison: One busy Saturday night with no prior reservations I call the number on the back of my JP Morgan Select card and explan that I'm in the middle of a crowded 5-star restaurant with a 2 hour wait and an impatient date by my side. Less than 5 minutes later the hostess gets a phone call from JP Morgan's Executive Office and within 2 minutes my date and I are sitting in one of the best seats in the house sampling Italian wines 'on the house'.

 

I'll never forget that night. That was one night that I feel like JP Morgan got me laid. :smileyhappy:

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Involver
Posts: 1,410
Registered: ‎07-16-2013
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Re: Visa Signature card - what are these?

[ Edited ]

IMO it's largely someting people might consider an "I made it" status on a card that signifies your credit history is strong.  The extra benefits aren't really anything to write home about.

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phonic
Posts: 137
Registered: ‎12-30-2013
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Re: Visa Signature card - what are these?

Some might consider it an 'I made it' status, but they would be delusional.

 

Sure, a VS card in general offers reasonable perks and requires a $5k minimum CL, but that doesn't mean a whole lot. I'm not saying it shouldn't be a goal for people rebuilding credit or just starting out, but it shouldn't be considered some 'upper class' status.

 

Outside of the uber-elite cards like the Centurion and JPM, which have much more stringent asset and spending requirements that 99.999% of people will never qualify for, credit cards don't mean much.

 

If I recall correctly, the Visa Infinite is somewhat more 'elite', with an even higher CL requirement, but that isn't offered in the US.


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DaveSignal
Posts: 2,111
Registered: ‎07-29-2011
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Re: Visa Signature card - what are these?

Signature cards also have included extended warranties for purchased items.  

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Involver
Posts: 1,410
Registered: ‎07-16-2013
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Re: Visa Signature card - what are these?


phonic wrote:

Some might consider it an 'I made it' status, but they would be delusional.

 

 


Yeah that's kind of the tone I was trying to imply (and think I failed at).  

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Pat94108
Posts: 394
Registered: ‎03-23-2013
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Re: Visa Signature card - what are these?

[ Edited ]

I made it status? Thank you! Lol.

 

In all seriousness, there are extra perks but I don't think I ever used any of them, I don't think it's such a big deal to have a siggy. Also, to the OP some credit card companies will only give you one if your credit limit is at least $5000. 


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