11-15-2012 08:19 PM
I was wondering why some (Visa) cards are issued as Signature and some as Platinum. Is there some advantage to the bank for example not to have signature. Looking at my Visas in order of decreasing CL (highest is 30K, lowest is 15K)
Capital One No Hassle, platinum,
Chase Amazon, Signature,
Capital One Plat, platinum
Citi AA Visa,, Signature
US Bank Cash Plus, Signature
So it doesn't seem related to CL or when I got the card (Penfed and US Bank in the last two weeks for example). And also not just the issuer, as Cap One does have signature cards as well. (Although it looks like Penfed doesn't).
I think that the issuing bank probably has to pay a premium for the premium cards.
Much like a bank that offers cards with the PayPass feature in MC. PayPass is an optional feature. So I am sure that the issuer has to pay a premium in order to give their bank customers that option.
Visa's pecking order goes something like this: Visa Standard, Visa Gold, Visa Platinum, Visa Siggy