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Registered: ‎04-15-2011
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What does "Signature" Visa mean?

Alright you CC gurus.  You know I venture in here often, and post very little.  I'm more of the RBYC type of guy.  :smileyhappy:  I got my Chase Freedom last Friday, just today I noticed in the bottom right it sats "Signature".

 

I've seen posts on here about signature visa, but what is the deal with it?  Any difference?  Postive?  Negative?



Starting Score: 504




July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
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Current scores after adding $81K in CLs and 2 new cars since July 2013
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Established Member
Posts: 48
Registered: ‎01-27-2013
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Re: What does "Signature" Visa mean?

More often than not the credit limit is not reported and it shows as flexible spending. Concierge services are also included. I just got a visa sig myself so still learning.
Amex Delta Gold | Amex BCE | BofA Travel Visa Sig | Discover IT | Fidelity Visa | REI Visa Sig
Super Contributor
Posts: 10,264
Registered: ‎04-22-2013
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Re: What does "Signature" Visa mean?

[ Edited ]

It's more small than big, but....

 

Positives: These cards are generally No Preset Spending Limit, you can, to some extent, spend past your official CL, so long as you pay the excess by the due date.

Conceirge Service: Some like it, some don't

See the Visa Signature pages for the full list of standard benefits, but many "lower" level cards include these anyway.

 

https://usa.visa.com/visasignature/index.jsp?gclid=CPLI0q6f6rgCFYyd4Aod5ksAig

 

The only major disadvantage for some:  A few cards, most noteably Bank of America, do not report a CL on their signature cards.  This is undesireable for some situations, and people have downgraded their cards.

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Posts: 10,264
Registered: ‎04-22-2013
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Re: What does "Signature" Visa mean?


ycm wrote:
More often than not the credit limit is not reported and it shows as flexible spending. Concierge services are also included. I just got a visa sig myself so still learning.

While this used to be the case, I think many more issuers do now report the credit limit, it's the exceptions that don't.

Frequent Contributor
Posts: 387
Registered: ‎06-15-2013
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Re: What does "Signature" Visa mean?

It gives you added benefits like Concierge service. I also think that Signature means that you do not have a preset credit limit. They'll set it at a certain amount, but you can go over it without penalty I think.

AMEX BCE: 5k; Barclay Apple: 2.5k; BoA CB: 3k; BoA BBR 4.2k; BoA Travel: 8k; Chase Sapphire: 5k; Chase Freedom: 6k; Citi Diamond: 3k; Discover IT: 9k

June 2013 FICOs: TU: 763; EX: 754; EQ: 764 (was 747 9/2012). Last app 2/20/2014 Garden until 3/2015
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Re: What does "Signature" Visa mean?

Contributor
Posts: 103
Registered: ‎05-17-2009
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Re: What does "Signature" Visa mean?

Basically extra perks , such as concierge service, reservation, motel upgrades. If you go to concerts or sporting events you can get prime tickets on call before the general public. Sorta like AMEX Platium , without the the 450.00 annual fee.

CC: Amex Green ( NPSL) Amex BCE ( 38.1 K ) US Bank Sig Cash ( 20K ) Pen Fed (42K) Chase Freedom ( 7.5K) Discover More (22K ) Cap 1 QSilver (10K) Barclays Rewards (9K) Care Credit (5.5k) Sears (12K) JC Pennys (6K) Dell (15K) Key Bank (19k ) Key Bank (16K) FFO (7.5 K) Shell ( 600) OCCU ( 20K ) City TY (10.5K) CSP (17.5k) Regions ( 18K )Simmons (15K) Regions BLOC (125K) Fuel Rewards MC(10K )Amex Hilton ( 23k)

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Super Contributor
Posts: 10,264
Registered: ‎04-22-2013
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Re: What does "Signature" Visa mean?


eddie84 wrote:

Visa Siggy Benefits. :smileyhappy:


On that page, I love:

 

Explore the list of Visa Signature benefits that may be available on your Visa Signature card. Please check with your issuer to see which of the following benefits applies to your card.

Valued Contributor
Posts: 1,063
Registered: ‎07-09-2013
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Re: What does "Signature" Visa mean?

Don't forget BOGO movie tickets on Fridays courtesy of Fandango!


   3/12 $3500     6/12 $1200      10/12 $1500   12/12 $3400    6/13 $12000      7/13 $5000      7/13 $2500       8/13 $2000    8/13 $6000

  | CSP (AU) $12,000 | Amex PRG (AU) | United $6,000 | OCCU $12,000 | Ink Bold | GM $3,200 | DCU $7500 | Luthansa $9000 | SPG $6,000 | Citi AA Executive $11,000 | Ink Plus $5,000                                                                         | EX 2/7 697 | EQ 10/27 721 | TU 12/15 719 |

New Contributor
Posts: 107
Registered: ‎02-28-2013
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Re: What does "Signature" Visa mean?

Is there much of a difference between the Visa Sig and the World MC?

Walmart Store Card: $600 & Amazon Store Card: $1200
Amazon.com Visa: $500 & Chase Freedom: $3000
US Bank REI Visa Signature: $5500
Discover It: $100

TU-654 [03/18/2014]
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