topic Re: VISA Signature in Credit Cards

VISA Signature

Anonymous — Tue, 24 Mar 2015 17:36:32 GMT

I don't know if this is beating a dead horse and I apologize in advance if it is, sorry What is special about Visa Signature cards if anything? Should I really be excited to have one or is the difference "the same"?

Re: VISA Signature

Anonymous — Tue, 24 Mar 2015 17:39:39 GMT

It depends. If you travel a lot and eat at fancy restaurants a lot, it has some cool bennies similar to high end cards like the Amex Platinum. If not, it's no big deal.

Re: VISA Signature

Skye12329 — Tue, 24 Mar 2015 17:43:04 GMT

The fancy logo

On some cards the Visa Logo is silver like and says signature below it

Re: VISA Signature

Anonymous — Tue, 24 Mar 2015 17:43:52 GMT

I believe their starting limits are $5k minimum. So there's that.

Re: VISA Signature

Skye12329 — Tue, 24 Mar 2015 17:45:58 GMT

@Anonymous wrote:
I believe their starting limits are $5k minimum. So there's that.

Depends on lender, most lenders its 5k minimum, but Citi Bank i think just hands them out depending on the card. They are like Oprah, you get a Visa Signature, you get one, everyone gets one

Re: VISA Signature

Anonymous — Tue, 24 Mar 2015 17:49:02 GMT

@Skye12329 wrote:
@Anonymous wrote:
I believe their starting limits are $5k minimum. So there's that.
Depends on lender, most lenders its 5k minimum, but Citi Bank i think just hands them out depending on the card. They are like Oprah, you get a Visa Signature, you get one, everyone gets one

I stand corrected. Now excuse me while I go check out this Oprah-like bank...

Re: VISA Signature

Anonymous — Tue, 24 Mar 2015 19:59:22 GMT

Some Visa Signature (but not all, same story with World MasterCard) cards are also Flexible Spending Credit Cards which means the lender may allow you to charge above your credit line as long as you pay the over credit balance in full by the due date.

Re: VISA Signature

onstar — Tue, 24 Mar 2015 20:15:03 GMT

Here are many Visa Signature offers:

https://usa.visa.com/visasignature/

Plus with Fandango, you can get $25 in instant Fandango GC for $20, only for Visa Signature:

https://tickets.fandango.com/visasignature/

Re: VISA Signature

Anonymous — Tue, 24 Mar 2015 20:35:33 GMT

@Anonymous wrote:
I don't know if this is beating a dead horse and I apologize in advance if it is, sorry What is special about Visa Signature cards if anything? Should I really be excited to have one or is the difference "the same"?

While some have listed some features, I think the answer for many is closer to "the same". Outside of forums like this with a lot of rebuilders and those new to credit, Visa Sigs are VERY common, banks prefer to give them out. And even here, they are pretty common.

So it's almost the default, which implies that there cannot be any wonderfully valuable features associated with them, as so many people have them.

That said, you may find a feature or two useful, but more valuable to concentrate on getting a card with the right features first, before worrying about sig/wmc/wemc

Re: VISA Signature

CreditMagic7 — Sun, 19 Apr 2015 21:45:29 GMT

In this always looking for an edge world, is there even a remote chance that on a Manual Review for new credit, that a Signature Card in your profile is distinguishable from the rest of Bankcards to a U/W?

Re: VISA Signature

leoment — Sun, 19 Apr 2015 22:51:59 GMT

@CreditMagic7 wrote:
In this always looking for an edge world, is there even a remote chance that on a Manual Review for new credit, that a Signature Card in your profile is distinguishable from the rest of Bankcards to a U/W?

It should. I forget on which reports, but my Signatures (and my World Mastercard) show up as "Flexible Spending Accounts. An underwriter that knows what they're doing upon review should definitely be able to tell its a VS.

Re: VISA Signature

Anonymous — Sun, 19 Apr 2015 22:54:28 GMT

@leoment wrote:
@CreditMagic7 wrote:
In this always looking for an edge world, is there even a remote chance that on a Manual Review for new credit, that a Signature Card in your profile is distinguishable from the rest of Bankcards to a U/W?

It should. I forget on which reports, but my Signatures (and my World Mastercard) show up as "Flexible Spending Accounts. An underwriter that knows what they're doing upon review should definitely be able to tell its a VS.

I'm pretty sure Chase likes to see this upon manual review for their high tier cards. I'm sure they are not alone in this thinking either.

Re: VISA Signature

Anonymous — Sun, 19 Apr 2015 23:46:58 GMT

@CreditMagic7 wrote:
In this always looking for an edge world, is there even a remote chance that on a Manual Review for new credit, that a Signature Card in your profile is distinguishable from the rest of Bankcards to a U/W?

They can see you have a flexible spending card, but having Visa Signature isn't what they like to see, they like to see a card with a good limit and VS cards are almost always $5k+ and flexible spending. So really, I don't think they care what kind of card it is, just that it's an account with good history and limit.

Re: VISA Signature

Saleen099 — Mon, 20 Apr 2015 00:02:12 GMT

@Anonymous wrote:
I don't know if this is beating a dead horse and I apologize in advance if it is, sorry What is special about Visa Signature cards if anything? Should I really be excited to have one or is the difference "the same"?

The Concierge service on the visa signature card and world elite MasterCard card SUCK.

Re: VISA Signature

cashnocredit — Mon, 20 Apr 2015 00:32:24 GMT

@leoment wrote:
@CreditMagic7 wrote:
In this always looking for an edge world, is there even a remote chance that on a Manual Review for new credit, that a Signature Card in your profile is distinguishable from the rest of Bankcards to a U/W?

It should. I forget on which reports, but my Signatures (and my World Mastercard) show up as "Flexible Spending Accounts. An underwriter that knows what they're doing upon review should definitely be able to tell its a VS.

I have two flexible spending cards, a Visa and MC, and one regular old Amex charge card. In my usage, I just don't trust the flex cards to actually allow me to significantly exceed the CL. OTOH, I know Amex will let me charge far more than those CLs so I don't use flexible spend and have always put less than the CL on the card. As a result my Amex spend exceeds by 3 fold my total spend on my other 4 cards combined and I treat flexible spend cards exactly like regular CCs and never go over my CL..

Part of the problem is that Amex lets you check an anticipated charge. The Flexible spend cards do not and I'm not about to go through a torturous phone call to CSRs. It isn't even clear to me they can find out whether a charge would be approved on a Flex card.

If the Visa Signature and Mastercard World folks want to go after Amex's high spend business they really need to get their act together and provide some clarity and easy to access services like Amex does.

Re: VISA Signature

Anonymous — Mon, 20 Apr 2015 00:54:40 GMT

@cashnocredit wrote:
@leoment wrote:
@CreditMagic7 wrote:
In this always looking for an edge world, is there even a remote chance that on a Manual Review for new credit, that a Signature Card in your profile is distinguishable from the rest of Bankcards to a U/W?

It should. I forget on which reports, but my Signatures (and my World Mastercard) show up as "Flexible Spending Accounts. An underwriter that knows what they're doing upon review should definitely be able to tell its a VS.

I have two flexible spending cards, a Visa and MC, and one regular old Amex charge card. In my usage, I just don't trust the flex cards to actually allow me to significantly exceed the CL. OTOH, I know Amex will let me charge far more than those CLs so I don't use flexible spend and have always put less than the CL on the card. As a result my Amex spend exceeds by 3 fold my total spend on my other 4 cards combined and I treat flexible spend cards exactly like regular CCs and never go over my CL..

Part of the problem is that Amex lets you check an anticipated charge. The Flexible spend cards do not and I'm not about to go through a torturous phone call to CSRs. It isn't even clear to me they can find out whether a charge would be approved on a Flex card.

If the Visa Signature and Mastercard World folks want to go after Amex's high spend business they really need to get their act together and provide some clarity and easy to access services like Amex does.

Yeah you can even charge $36 million on a Centurion if you so desire

Re: VISA Signature

Anonymous — Mon, 20 Apr 2015 01:11:26 GMT

I learn new things everyday on this forum. I just thought there were a few perks and that's that. Flexible spend is all new to me. Thanks guys. However, I'll be sticking to my AMEX charge for "flexible" spending.

Re: VISA Signature

cashnocredit — Mon, 20 Apr 2015 02:11:51 GMT

@Anonymous wrote:
@cashnocredit wrote:
@leoment wrote:
@CreditMagic7 wrote:
In this always looking for an edge world, is there even a remote chance that on a Manual Review for new credit, that a Signature Card in your profile is distinguishable from the rest of Bankcards to a U/W?

It should. I forget on which reports, but my Signatures (and my World Mastercard) show up as "Flexible Spending Accounts. An underwriter that knows what they're doing upon review should definitely be able to tell its a VS.

I have two flexible spending cards, a Visa and MC, and one regular old Amex charge card. In my usage, I just don't trust the flex cards to actually allow me to significantly exceed the CL. OTOH, I know Amex will let me charge far more than those CLs so I don't use flexible spend and have always put less than the CL on the card. As a result my Amex spend exceeds by 3 fold my total spend on my other 4 cards combined and I treat flexible spend cards exactly like regular CCs and never go over my CL..

Part of the problem is that Amex lets you check an anticipated charge. The Flexible spend cards do not and I'm not about to go through a torturous phone call to CSRs. It isn't even clear to me they can find out whether a charge would be approved on a Flex card.

If the Visa Signature and Mastercard World folks want to go after Amex's high spend business they really need to get their act together and provide some clarity and easy to access services like Amex does.

Yeah you can even charge $36 million on a Centurion if you so desire

Sure. I'd bet Warren Buffett could spend that on his Green Card too.

And,as an aside, the Centurion offers a pay over time feature as well. Guess what the CL is on that? 35k. Same as a green card with pay over time.

Seriously though, has anyone ever asked how much they could spend over their CL with a MC or Visa flex spend card? Amex revolvers are also flex spend cards that you can charge well over your CL so long as you pay the excess after the next bill. And Amex lets you check your spending ability beforehand just like on a charge card.

Re: VISA Signature

Anonymous — Mon, 20 Apr 2015 04:14:31 GMT

@cashnocredit wrote:
@Anonymous wrote:
@cashnocredit wrote:
@leoment wrote:
@CreditMagic7 wrote:
In this always looking for an edge world, is there even a remote chance that on a Manual Review for new credit, that a Signature Card in your profile is distinguishable from the rest of Bankcards to a U/W?

It should. I forget on which reports, but my Signatures (and my World Mastercard) show up as "Flexible Spending Accounts. An underwriter that knows what they're doing upon review should definitely be able to tell its a VS.

I have two flexible spending cards, a Visa and MC, and one regular old Amex charge card. In my usage, I just don't trust the flex cards to actually allow me to significantly exceed the CL. OTOH, I know Amex will let me charge far more than those CLs so I don't use flexible spend and have always put less than the CL on the card. As a result my Amex spend exceeds by 3 fold my total spend on my other 4 cards combined and I treat flexible spend cards exactly like regular CCs and never go over my CL..

Part of the problem is that Amex lets you check an anticipated charge. The Flexible spend cards do not and I'm not about to go through a torturous phone call to CSRs. It isn't even clear to me they can find out whether a charge would be approved on a Flex card.

If the Visa Signature and Mastercard World folks want to go after Amex's high spend business they really need to get their act together and provide some clarity and easy to access services like Amex does.

Yeah you can even charge $36 million on a Centurion if you so desire

Sure. I'd bet Warren Buffett could spend that on his Green Card too.

And,as an aside, the Centurion offers a pay over time feature as well. Guess what the CL is on that? 35k. Same as a green card with pay over time.

Seriously though, has anyone ever asked how much they could spend over their CL with a MC or Visa flex spend card? Amex revolvers are also flex spend cards that you can charge well over your CL so long as you pay the excess after the next bill. And Amex lets you check your spending ability beforehand just like on a charge card.

Isn't the Palladian a 3x card, where you can spend 3x your CL (and have to pay back the excess over the CL by the next statement)?

But in general I don't think it is much of a feature. The issuer can decline any charge (including those over the CL) and can approve charges over the CL on non-flex cards. Now they are far more likely to approve some amount over on a flexible card, true, but as cashnocredit suggests, it's not something you can plan on

Re: VISA Signature

xautodetail — Wed, 22 Apr 2015 03:12:47 GMT

Not all BOA is star we $ 1000.00 for visa Sing