topic Re: Chase Freedom Visa Signature CL in Credit Cards

Chase Freedom Visa Signature CL

techiegirl — Fri, 21 Jun 2013 03:33:24 GMT

I finally received my new Chase Freedom Visa Signature card today with a CL of $15K. I thought the Visa Signature cards have no limit.

Can somebody explain to me how that works?

Re: Chase Freedom Visa Signature CL

Anonymous — Fri, 21 Jun 2013 03:36:06 GMT

Visa signature cards are NPSL.

That means you can use more than 15K, though those transactions are subject to approval by Chase. Your real hard limit will depend on a lot of factors.

Whatever amount you use in excess of 15K is due in full when your bill is due.

Re: Chase Freedom Visa Signature CL

Anonymous — Fri, 21 Jun 2013 03:36:12 GMT

The way Visa Signature's work is that there is no preset spending limit. The 15k hard limit provided means that you can't carry a balance greater than that value at the end of a billing cycle. You can charge over it, but it's on you to pay off any balance greater than the 15k.

At least this is how I understand it.