topic Re: How can I make sure I get a Visa Sig? in Credit Cards

How can I make sure I get a Visa Sig?

Anonymous — Fri, 11 Sep 2015 04:09:04 GMT

700+ CS, no baddies, AAoA 10+ years. Any way to know if I'll get a Visa siggy for sure?..

Just wondering.

Re: How can I make sure I get a Visa Sig?

Anonymous — Fri, 11 Sep 2015 04:11:23 GMT

@Anonymous wrote:
700+ CS, no baddies, AAoA 10+ years. Any way to know if I'll get a Visa siggy for sure?..

Just wondering.

Apply for a Marriott Premier or a Chase Sapphire Preferred. What in particular appeals to you about a Visa Signature? I assure you it spends the same.

Re: How can I make sure I get a Visa Sig?

Anonymous — Fri, 11 Sep 2015 04:12:00 GMT

http://ficoforums.myfico.com/t5/Credit-Cards/Minimum-income-requirement-for-visa-signature-cards/td-p/1764794

Re: How can I make sure I get a Visa Sig?

Anonymous — Fri, 11 Sep 2015 04:13:46 GMT

@Anonymous wrote:
@Anonymous wrote:
700+ CS, no baddies, AAoA 10+ years. Any way to know if I'll get a Visa siggy for sure?..

Just wondering.
Apply for a Marriott Premier or a Chase Sapphire Preferred. What in particular appeals to you about a Visa Signature? I assure you it spends the same.

Consumer benefits/protection.

Re: How can I make sure I get a Visa Sig?

Anonymous — Fri, 11 Sep 2015 04:14:15 GMT

@Anonymous wrote:
http://ficoforums.myfico.com/t5/Credit-Cards/Minimum-income-requirement-for-visa-signature-cards/td-p/1764794

Thanks, I actually remembered reading that thread.

Looks like an income requirement of ~30k is necessary.

Re: How can I make sure I get a Visa Sig?

Anonymous — Fri, 11 Sep 2015 04:16:53 GMT

@Anonymous wrote:
@Anonymous wrote:
http://ficoforums.myfico.com/t5/Credit-Cards/Minimum-income-requirement-for-visa-signature-cards/td-p/1764794
Thanks, I actually remembered reading that thread.

Looks like an income requirement of ~30k is necessary.

Income has nothing to do with it aside the credit limit you will receive if approved. Someone making 10K will get a Visa Signature the same as someone making 10M assuming their approval is for a credit line $5,000 and up.

Re: How can I make sure I get a Visa Sig?

Anonymous — Fri, 11 Sep 2015 04:18:01 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
http://ficoforums.myfico.com/t5/Credit-Cards/Minimum-income-requirement-for-visa-signature-cards/td-p/1764794
Thanks, I actually remembered reading that thread.

Looks like an income requirement of ~30k is necessary.
Income has nothing to do with it aside the credit limit you will receive if approved. Someone making 10K will get a Visa Signature the same as someone making 10M assuming their approval is for a credit line $5,000 and up.

Right, but income is a major factor in determining CL.

Re: How can I make sure I get a Visa Sig?

Anonymous — Fri, 11 Sep 2015 04:19:33 GMT

@Anonymous wrote:
@Anonymous wrote:
http://ficoforums.myfico.com/t5/Credit-Cards/Minimum-income-requirement-for-visa-signature-cards/td-p/1764794
Thanks, I actually remembered reading that thread.

Looks like an income requirement of ~30k is necessary.

One person replied that his/her son received a Chase Visa Signature with a $25K income, although his CL was under $5K.

Re: How can I make sure I get a Visa Sig?

happypill — Fri, 11 Sep 2015 05:08:06 GMT

I believe the Venture is only issued as a Visa Signature.

Re: How can I make sure I get a Visa Sig?

Anonymous — Fri, 11 Sep 2015 05:10:46 GMT

Have you checked the Capital One prequal site for Venture or Venture One? I apped with scores lower than yours, even though I had no prequal. Was approved for Venture @ $15k and Venture 1 @ $7.5k. Both are Visa Signature cards, btw.

Re: How can I make sure I get a Visa Sig?

Skye12329 — Fri, 11 Sep 2015 05:19:01 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
http://ficoforums.myfico.com/t5/Credit-Cards/Minimum-income-requirement-for-visa-signature-cards/td-p/1764794
Thanks, I actually remembered reading that thread.

Looks like an income requirement of ~30k is necessary.
Income has nothing to do with it aside the credit limit you will receive if approved. Someone making 10K will get a Visa Signature the same as someone making 10M assuming their approval is for a credit line $5,000 and up.
Right, but income is a major factor in determining CL.

It can be a factor. Lenders just want to make sure you can supply the income to repay the debt. Theres no true minimum income IMO. As for Visa sig, as some have suggested apply strictly for a visa sig card that way your guranteed the 5k line and signature.

Guranteed Visa Signature Cards:

Marriot - Chase

Sapphire Preferred - Chase

Venture - Capital One (Not the Venture One)

Hilton Honors - Citi (don't quote me on this one, but pretty sure they are always signature even under the 5k limit)

United Mileage - Chase

Ritz Carlton - Chase

theres many more but some lenders if you apply for X card you might get a platinum based on CL or be considered for a lower tier product.

Re: How can I make sure I get a Visa Sig?

Anonymous — Fri, 11 Sep 2015 05:44:22 GMT

@Skye12329 wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
http://ficoforums.myfico.com/t5/Credit-Cards/Minimum-income-requirement-for-visa-signature-cards/td-p/1764794
Thanks, I actually remembered reading that thread.

Looks like an income requirement of ~30k is necessary.
Income has nothing to do with it aside the credit limit you will receive if approved. Someone making 10K will get a Visa Signature the same as someone making 10M assuming their approval is for a credit line $5,000 and up.
Right, but income is a major factor in determining CL.
It can be a factor. Lenders just want to make sure you can supply the income to repay the debt. Theres no true minimum income IMO. As for Visa sig, as some have suggested apply strictly for a visa sig card that way your guranteed the 5k line and signature.

Guranteed Visa Signature Cards:
Marriot - Chase
Sapphire Preferred - Chase
Venture - Capital One (Not the Venture One)
Hilton Honors - Citi (don't quote me on this one, but pretty sure they are always signature even under the 5k limit)
United Mileage - Chase
Ritz Carlton - Chase

theres many more but some lenders if you apply for X card you might get a platinum based on CL or be considered for a lower tier product.

Thanks for that list. Appreciate your time typing it (or finding it).

However, I'm not interested in getting cobranded cards at the moment.

The only one I would be interested in would be the Venture, but I don't see that happening with the required 3 HPs.

Re: How can I make sure I get a Visa Sig?

Anonymous — Fri, 11 Sep 2015 05:48:20 GMT

it's completely impossible to guarantee a visa signature. surprised that hasn't been said yet

Re: How can I make sure I get a Visa Sig?

Skye12329 — Fri, 11 Sep 2015 05:51:12 GMT

@Anonymous wrote:
it's completely impossible to guarantee a visa signature. surprised that hasn't been said yet

Wouldn't that depend on the product? Some products are possible to be Visa Signature such as but not limited to Freedom, Quicksilver, Amazon Visa, Venture One...etc.

While others are basiclally guranteed but based on approval obviously.

Re: How can I make sure I get a Visa Sig?

Anonymous — Fri, 11 Sep 2015 05:52:32 GMT

exactly. just because a card is only visa signature doesn't guarantee you'll be approved for it. csp for example. only offered in signature but doesn't mean you qualify

Re: How can I make sure I get a Visa Sig?

Anonymous — Fri, 11 Sep 2015 06:02:28 GMT

@Anonymous wrote:
@Have you checked the Capital One prequal site for Venture or Venture One? I apped with scores lower than yours, even though I had no prequal. Was approved for Venture @ $15k and Venture 1 @ $7.5k. Both are Visa Signature cards, btw.

I believe my credit history is too short to be pre-qualified, as I already checked. Thanks for the info.

Re: How can I make sure I get a Visa Sig?

Anonymous — Fri, 11 Sep 2015 06:57:31 GMT

@Anonymous wrote:
@Anonymous wrote:
@Have you checked the Capital One prequal site for Venture or Venture One? I apped with scores lower than yours, even though I had no prequal. Was approved for Venture @ $15k and Venture 1 @ $7.5k. Both are Visa Signature cards, btw.
I believe my credit history is too short to be pre-qualified, as I already checked. Thanks for the info.

I thought your AAoA is 10 years? Not short and I have a BK reporting from 2011. I guess you need to decide if you want to cold app for a Venture. As I stated, I did and was approved instantly. Venture is for sure a Signature card, not Venture 1. Up to you, as I understand you are just asking for feedback.

Edit: I think at your age, you might have typo'd your AAoA.

Re: How can I make sure I get a Visa Sig?

Anonymous — Fri, 11 Sep 2015 07:01:14 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Have you checked the Capital One prequal site for Venture or Venture One? I apped with scores lower than yours, even though I had no prequal. Was approved for Venture @ $15k and Venture 1 @ $7.5k. Both are Visa Signature cards, btw.
I believe my credit history is too short to be pre-qualified, as I already checked. Thanks for the info.
I thought your AAoA is 10 years? Not short and I have a BK reporting from 2011. I guess you need to decide if you want to cold app for a Venture. As I stated, I did and was approved instantly. Venture is for sure a Signature card, not Venture 1. Up to you, as I understand you are just asking for feedback.

Edit: I think at your age, you might have typo'd your AAoA.

Haha, any reasonable person would think I typo'd my AAoA.

I'm AU under a couple of my parents cards. One Discover (20 years), One Lexus card (15 yrs), Another Discover (10 yrs) and another one around 10 years. Didn't calculate aaoa, but I'm pretty sure its over 10. This is also why I had a 739 credit score right when I turned 18.

I'm planning to get Venture, but not at the moment since I have other cards on my mind besides that.

Re: How can I make sure I get a Visa Sig?

Anonymous — Fri, 11 Sep 2015 07:03:53 GMT

How long have you had your CapOne Cards? I started getting prequalified for the Venture and QS right after my 5th statement cut on my QS1. If you have had them 5 or 6 months already you probably have a great shot of being approved.

Re: How can I make sure I get a Visa Sig?

Skye12329 — Fri, 11 Sep 2015 07:29:53 GMT

I think you need be at least 21 for any pre quals to come up. If I'm not mistaken that is.