topic Re: VISA Signature confusion in Credit Cards

VISA Signature confusion

Anonymous — Tue, 01 May 2012 05:46:54 GMT

I was recently approved for the Citi® Platinum Select® / AAdvantage® Visa Signature® Card (https://creditcards.citi.com/credit-cards/citi-platinum-select-aadvantage-visa-signature-card/)

My card looks identical to the one shown on their site, however I was approved with at $3500 limit. Is this really a VISA Signature card if I have a limit (esp less than $5K)? They also describe this card as NPSL which mine doesn't seem to have.

Re: VISA Signature confusion

Anonymous — Sat, 07 Apr 2012 23:36:17 GMT

Often times lenders will offer Platinum versions of Signature cards if the borrower can't qualify for a $5,000 limit. That's probably the case here, the card is advertised as a signature because it normally is, but Citi could only approve you for $3500 and your card is therefore only a Platinum Visa.

Re: VISA Signature confusion

Anonymous — Sat, 07 Apr 2012 23:40:46 GMT

So even though my card says VISA Signature, it really isn't?

Also sorry the above link didn't work. This is what the card looks like: https://creditcards.citi.com/credit-cards/citi-platinum-select-aadvantage-visa-signature-card/

Re: VISA Signature confusion

avv7c0 — Sat, 07 Apr 2012 23:42:44 GMT

If it says Visa Signature on you card, it's a signature card. Credit limit is still dependent on your level of worthiness, just like everything else. My visa sig reports my $7500 limit to the bureaus, but I've had no problem spending above and beyond. Just read your terms and it should explain how the NPSL works.

Re: VISA Signature confusion

Anonymous — Sat, 07 Apr 2012 23:45:44 GMT

If your card says Signature on it, then it is a Signature. You can read through the info that came with the card to make sure. It should explain how they may let you go over your limit, but you will have to pay enough to get it below the limit for your next payment. Also, you should notice there is no over limit fee. I've never heard of a Signature with a lower than $5,000 limit though.

Re: VISA Signature confusion

Anonymous — Sat, 07 Apr 2012 23:54:12 GMT

Thanks. I just read how the terms and condtions online so I understand the NPSL now. The <$5K is what really threw me too! From all the other posts I've read i thought that was an absolute minimum.

Re: VISA Signature confusion

SwiftTone — Sun, 08 Apr 2012 00:59:01 GMT

I was also under the impression that Visa Signatures must have a CL of $5000 and above. This is interesting. Congrats though!

Re: VISA Signature confusion

mxp114 — Sun, 08 Apr 2012 02:24:55 GMT

And the dilution of Visa Signature begins, soon we can expect Orchard Bank Visa Signature Secured lol Interesting but not suprised they lowered the threshold for Signature. I guess that means Visa Signature Premier and/or Visa Infinite will finally launch in USA as the new high-end Visa product. I don't know why they just didn't keep Platinum at $5k and Signature/World at $10k.

Re: VISA Signature confusion

trumpet-205 — Sun, 08 Apr 2012 04:46:26 GMT

IF it acutally has the word signature printed on YOUR own card, then it is a Visa Signature. Otherwise it is Platinum Visa.

Re: VISA Signature confusion

Anonymous — Sun, 08 Apr 2012 19:25:51 GMT

@trumpet-205 wrote:
IF it acutally has the word signature printed on YOUR own card, then it is a Visa Signature. Otherwise it is Platinum Visa.

Yep! It's printed on my card.

I thought about calling Citi to verify but I don't want to call attention to it if it's a mistake. I also apped for the AAdvantage AMEX at the same exact time (doing the 2 browser thing) and was approved for 4K on that one. Maybe that's why the card was approved but then a lower limit was assigned? I'll take it

Re: VISA Signature confusion

navigatethis12 — Sun, 08 Apr 2012 21:08:35 GMT

@Anonymous wrote:

My card looks identical to the one shown on their site, however I was approved with at $3500 limit. Is this really a VISA Signature card if I have a limit (esp less than $5K)? They also describe this card as NPSL which mine doesn't seem to have.

I have a friend who also has a Visa Signature from Citi with a limit lower than $5000. I think Citi is the only bank that does it. To be sure, I would try to register it on the Visa Signature site.

@mxp114 wrote:
And the dilution of Visa Signature begins, soon we can expect Orchard Bank Visa Signature Secured lol Interesting but not suprised they lowered the threshold for Signature. I guess that means Visa Signature Premier and/or Visa Infinite will finally launch in USA as the new high-end Visa product. I don't know why they just didn't keep Platinum at $5k and Signature/World at $10k.

In my opinion the minimum being at $5000 is really low. That is not that hard a limit to obtain at all. $10000 would be a much better limit. There is something in the United States called Visa Signature Preferred but it is only offered to people who spend a lot of money on their cards. Banks hand out Visa Signatures like candy though; so I think the dilution started a while ago.

Re: VISA Signature confusion

Anonymous — Sun, 08 Apr 2012 21:25:36 GMT

Thanks. I was able to register on the Visa Signature Concierge site.

Re: VISA Signature confusion

mxp114 — Sun, 08 Apr 2012 22:24:03 GMT

navigatethis12 wrote:

In my opinion the minimum being at $5000 is really low. That is not that hard a limit to obtain at all. $10000 would be a much better limit. There is something in the United States called Visa Signature Preferred but it is only offered to people who spend a lot of money on their cards. Banks hand out Visa Signatures like candy though; so I think the dilution started a while ago.

I agree the dilution began years ago because $5k is fairly low. At min $2k for Signature, it will be achieved much sooner. I've heard of Visa Signature Preferred but have never heard of anyone that has one. Some people consider their Chase Sapphire Preferred Visa Signature as a "Visa Signature Preferred," however it is Visa Signature because the Preferred refers to Chase based benefits. Does anyone have one?

Re: VISA Signature confusion

navigatethis12 — Sun, 08 Apr 2012 22:35:17 GMT

@mxp114 wrote:
I agree the dilution began years ago because $5k is fairly low. At min $2k for Signature, it will be achieved much sooner. I've heard of Visa Signature Preferred but have never heard of anyone that has one. Some people consider their Chase Sapphire Preferred Visa Signature as a "Visa Signature Preferred," however it is Visa Signature because the Preferred refers to Chase based benefits. Does anyone have one?

I know PNC does offer it. I am not sure about other banks. This link gives a small story on it: http://www.bizjournals.com/sanfrancisco/stories/2007/03/12/daily42.html. I do not know of anyone that has one either but hope to be upgraded at the end of the year. Also on the Visa interchange fee table there is a spot for Visa Signature Preferred. http://usa.visa.com/download/merchants/visa-usa-interchange-reimbursement-fees-october2011.pdf

Re: VISA Signature confusion

Anonymous — Sun, 08 Apr 2012 22:50:05 GMT

I'd heard of a Visa Signature Preferred class, but I've never seen a card issued as one. I too already thought that $5,000 was a pretty low minimum for Signature.

Re: VISA Signature confusion

HiLine — Thu, 06 Jun 2013 17:55:54 GMT

@Anonymous wrote:
I'd heard of a Visa Signature Preferred class, but I've never seen a card issued as one. I too already thought that $5,000 was a pretty low minimum for Signature.

I haven't seen one myself either. Don't know what the benefits are ...

Re: VISA Signature confusion

mark293 — Thu, 06 Jun 2013 18:08:10 GMT

How did you app for two Citi products at the same time? I attempted the Hilton Honors Visa (approved for 7K) and denied for AAdvantage Amex. I reconned through the Exec Office and was told two Citi apps could not be processed at the same time.

Re: VISA Signature confusion

vish1 — Thu, 06 Jun 2013 19:03:51 GMT

I don't know if this works now or not, but earlier you could apply 2 cards from 2 browsers. I remember this from citi AA 75 bonus days in 2011.

@mark293 wrote:
How did you app for two Citi products at the same time? I attempted the Hilton Honors Visa (approved for 7K) and denied for AAdvantage Amex. I reconned through the Exec Office and was told two Citi apps could not be processed at the same time.

Re: VISA Signature confusion

Anonymous — Thu, 06 Jun 2013 20:41:40 GMT

@mark293 wrote:
How did you app for two Citi products at the same time? I attempted the Hilton Honors Visa (approved for 7K) and denied for AAdvantage Amex. I reconned through the Exec Office and was told two Citi apps could not be processed at the same time.

The thread is 14 months old, and at that stage you could apply for two at the same time. The rules have recently changed.