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Contributor
mojobones89
Posts: 252
Registered: ‎01-21-2013
0

Visa signature?

Was not aware that my nfcu cash rewards was a signature?what the different from a regular visa?
Established Contributor
pakman92
Posts: 650
Registered: ‎03-01-2012
0

Re: Visa signature?


mojobones89 wrote:
Was not aware that my nfcu cash rewards was a signature?what the different from a regular visa?

I don't mean to patrionize you, but, Google is our freind.  

 

http://usa.visa.com/personal/visa-signature/index.jsp?gclid=CLjup8XdtLYCFeY7OgodohYA0g

 

 


My Starting Score: EQ: 691 (11/30/11) TU98: 726 (11/30/11)
My Current Score: EQ: 779 (04/22/13) TU08: 835 (06/03/13)
DW Starting Score: EQ: 742 (03/02/12) TU98: 748 (03/02/12)
DW Current Score: EQ: 784 (03/11/13) TU08: 775 (06/03/13)
Contributor
mojobones89
Posts: 252
Registered: ‎01-21-2013
0

Re: Visa signature?

No all good,I would just rather have a conversation with other people's personal experience than just a post of info on the web.
Valued Contributor
thom02099
Posts: 1,351
Registered: ‎08-30-2011
0

Re: Visa signature?


mojobones89 wrote:
Was not aware that my nfcu cash rewards was a signature?what the different from a regular visa?

One difference is the "hard limit" of a regular Visa versus the "NPSL" that is common with a Signature Visa.  With the regular Visa, if you have a CL of $5K, you can't/shouldn't go over the $5k limit; if you do (a) you could be declined depending on the charges, (b)you can't make additional charges without drawing a potential "red flag" on your account and (c) the issuer could shut you down or CLD as worst case scenario.  Whereas, with a Signature Visa, since it's considered NPSL, you can go over the same $5K limit, but with the excess beyond that limit, the expectation of the issuer for that privilege is that you'll pay it off rather pronto. 

Diners Club Premier MasterCard $50K / AMEX Gold NPSL / AMEX Zync NPSL / AMEX Blue Cash Preferred $14K / Bank of America Cash Rewards Signature Visa $15K / Merrill Lynch Plus Signature Visa $15K / Wells Fargo Propel 365 $15K / Chase Sapphire Preferred Signature Visa $10K / J P Morgan Select Signature Visa $10K / Chase Slate Visa $6K / CITI Diamond Preferred MasterCard $13.2K / Discover IT $10.5K / IberiaBank Select Visa $8K / 1st Command Bank Platinum Visa $7.5K // Home Depot $9.7K / Lowes $10K

EX = 799 EQ = 812 TU = 811 - 11/2014
Contributor
mojobones89
Posts: 252
Registered: ‎01-21-2013
0

Re: Visa signature?

Ah ok make sense,I think I'll stick to my prg lol

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