08-06-2013 06:56 PM
Alright you CC gurus. You know I venture in here often, and post very little. I'm more of the RBYC type of guy. 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?
08-06-2013 07:01 PM
08-06-2013 07:03 PM - edited 08-06-2013 07:04 PM
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.
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.
08-06-2013 07:03 PM
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.
08-06-2013 07:04 PM
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.
08-06-2013 07:05 PM
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.
08-06-2013 07:07 PM
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.
08-06-2013 07:24 PM
Don't forget BOGO movie tickets on Fridays courtesy of Fandango!
| 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 |
08-06-2013 07:27 PM
Is there much of a difference between the Visa Sig and the World MC?
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.