Reply
Established Contributor
Posts: 859
Registered: ‎03-04-2013
0

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 722 | TU 710 | EX 718
SFFCU Visa $15k + LOC $5k, USAA Amex $6k, USAA MC $7k, Amex BCE $25k, Cap1 $4.5k, Freedom $8.5k, Slate $3.2k, Barclays SM $9k, Care Credit $13.5k.

My Credit Repair Journey
Regular Contributor
Posts: 198
Registered: ‎02-20-2013
0

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. 


Established Contributor
Posts: 648
Registered: ‎05-28-2013
0

Re: Visa Signature card - what are these?

Senior Contributor
Posts: 4,654
Registered: ‎06-21-2012
0

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 | +13more
Scores: EQ:671 (FICO 11) EX:686 (FICO N/C) TU:686 (FICO N/C) *8-5-14*
Overall UTIL: 14% *Gardening Since: 9/12/14*
------------------------------------------------------------
Need to stay out of trouble.... Go Heels!!! ... GC Watchlist ( #1 as of 12-12-13)
Established Contributor
Posts: 923
Registered: ‎06-12-2012
0

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:

JP Morgan Select $10k | CSP $10k | Citi TY Premier $15k | BofA 3-2-1 $15k | Chase Freedom $10k | Discover IT $10k | Barclaycard $15k | AMEX SPG $5k | AMEX PRG NPSL | NASA Platinum-Advantage $10k | CapOne Quicksilver $3k | Walmart Card $5k | Amazon Card $10k | Chase Auto 1.49% | Joined myFICO 6/12 with a 540 FICO & today I'm over 750!
Valued Contributor
Posts: 1,622
Registered: ‎07-16-2013
0

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.

Contributor
Posts: 137
Registered: ‎12-30-2013
0

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
Valued Contributor
Posts: 2,111
Registered: ‎07-29-2011
0

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
Valued Contributor
Posts: 1,622
Registered: ‎07-16-2013
0

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).  

Frequent Contributor
Posts: 421
Registered: ‎03-23-2013
0

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. 

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.