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Visa Signature card - what are these?

Established Contributor

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?

FICO: EQ 768 | TU 813 | EX 781

Amex BCE $25000, SFFCU Visa $15000 + LOC $5000, USAA Amex $6000, USAA MC $7000, Cap1 $8000, Freedom $12000, Slate $500, Barclays "RIP" SM $11500, USBank Cash+ $7500, Citi Diamond $7900, Citi Double Cash $3700, Care Credit $13500k.
My Credit Repair Journey
Message 1 of 31
30 REPLIES
Regular Contributor

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. 


Message 2 of 31
Community Leader
Valued Contributor

Re: Visa Signature card - what are these?

Message 3 of 31
Senior Contributor

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.

JPM Ritz Carlton $8k I UMP Club $8k I CSP $8k | Chase Hyatt $5k I AMEX Green NPSL I AMEX Delta $2k I Citi AA $2k | C1 QS $4.5k
BOA UNC-CH Alumni $6k I Hawaiian WEMC $3k I Arrival $6.5k I IT $1.5k | Merrill+ $2k | Lowes $12k | Apple $2k | +23more
Scores: EQ:671 (FICO 11) EX:686 (FICO N/C) TU:686 (FICO N/C) *8-5-14*
Overall UTIL: 14% *Gardening Since: 1/20/16*
------------------------------------------------------------
Need to stay out of trouble.... Go Heels!!! ... GC Watchlist ( #1 since 12-12-13)
Message 4 of 31
Established Contributor

Re: Visa Signature card - what are these?

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. Smiley Happy

AMEX SPG $30K | Citi TY Premier $20k | PenFed PlatRewards $25k | Barclay Arrival+ 40k | Chase Freedom $20k | BofA AMEX $15k | Discover IT $20k | | NASA Platinum-Advantage $20k | CapOne Quicksilver $15k | Amazon Card $10k |

My Journey from Sub-600s:
Message 5 of 31
Valued Contributor

Re: Visa Signature card - what are these?

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.

Message 6 of 31
Contributor

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.


Limits: PRG=NPSL, CSP=$16k, BCP=$30k, DIT=$15k, USAA=$6k, CDW=$12.5k, IHG=$9k, BBY=$2k, BOA=$13k
Message 7 of 31
Valued Contributor

Re: Visa Signature card - what are these?

Signature cards also have included extended warranties for purchased items.  

EX:694 TU:744 EQ:777
Amex ED $19.5k - BoA Travel Rewards $15k - CSP $5k - SDFCU EMV $15k - NFCU goRewards $20k - Barclays Arrival $6.5k
Message 8 of 31
Valued Contributor

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).  

Message 9 of 31
Frequent Contributor

Re: Visa Signature card - what are these?

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. 

Message 10 of 31