topic Re: Visa Signature Preferred? in Credit Cards

Visa Signature Preferred?

majortom546 — Mon, 07 Oct 2013 18:26:27 GMT

I recently disputed a transaction on my NFCU Flagship card. NFCU sent me some documentation that included the transaction record. On the record there is a section that says card level: D. I was curious what this meant and I found that "D" means visa signature preferred. Does that mean my card is not just a signature, but signature preferred?
If so are there any additional benefits apart from the regular visa signature? I could not find much information online. Thanks

Re: Visa Signature Preferred?

sjt — Tue, 08 Oct 2013 00:40:34 GMT

@majortom546 wrote:
I recently disputed a transaction on my NFCU Flagship card. NFCU sent me some documentation that included the transaction record. On the record there is a section that says card level: D. I was curious what this meant and I found that "D" means visa signature preferred. Does that mean my card is not just a signature, but signature preferred?
If so are there any additional benefits apart from the regular visa signature? I could not find much information online. Thanks

Visa Signature is the highest level in the USA. Some banks may offer a "Visa Signature Preferred Card" but that just pertains to the specific bank. NOt sure about Navy though.

Re: Visa Signature Preferred?

mxp114 — Tue, 08 Oct 2013 01:18:23 GMT

There is a Visa Signature Preferred tier that is actually a step above Visa Signature and is offered based on spend. It can get confusing since some lenders like Chase use the word preferred to differentiate between products within the same family of cards. OP could have a VSP, but my guess is the visual design of the Visa logo would incorporate the words Signature Preferred to distinguish it from Visa Signature. Here is how I think a VSP logo would look...

Re: Visa Signature Preferred?

CreditScholar — Tue, 08 Oct 2013 01:26:33 GMT

Do you know what lenders offer the VSP currently and what the spend threshold is? I read a few years ago that it was supposed to be 50k, but I haven't heard much about it since then.

Re: Visa Signature Preferred?

majortom546 — Tue, 08 Oct 2013 02:33:02 GMT

I actually just took my card out and looked. It has the standard visa signature logo on it. I have had this card since March, and run about $28k through it.

So you guys know what i'm talking about, here is what is displayed on the transaction record:

And this is the chart that refrenced "D" being Signature Prefferred:

Re: Visa Signature Preferred?

mxp114 — Tue, 08 Oct 2013 02:35:16 GMT

@CreditScholar wrote:
Do you know what lenders offer the VSP currently and what the spend threshold is? I read a few years ago that it was supposed to be 50k, but I haven't heard much about it since then.

No idea, but I think we can rule out Chase and Citi. Chase because surely the Palladium would be issued at VSP by default. Citi because we would see myriad threads about $1k credit limit VS cards being upgraded to VSP like we do with WE lol

Re: Visa Signature Preferred?

mxp114 — Tue, 08 Oct 2013 02:40:46 GMT

@majortom546 wrote:
I actually just took my card out and looked. It has the standard visa signature logo on it. I have had this card since March, and run about $28k through it.

So you guys know what i'm talking about, here is what is displayed on the transaction record:

And this is the chart that refrenced "D" being Signature Prefferred:

Seems like a Visa specific chart but it's possible VSP doesn't get a plastic reissue and is solely an internal coding for the card. Or could that list of codes just be lender specific and not a Visa global listing? One way to definitively find out is to call Visa, provide your account number and ask them the network tier of your account. If it is VSP, Visa would know.

Re: Visa Signature Preferred?

CreditScholar — Tue, 08 Oct 2013 02:52:25 GMT

@mxp114 wrote:
@CreditScholar wrote:
Do you know what lenders offer the VSP currently and what the spend threshold is? I read a few years ago that it was supposed to be 50k, but I haven't heard much about it since then.
No idea, but I think we can rule out Chase and Citi. Chase because surely the Palladium would be issued at VSP by default. Citi because we would see myriad threads about $1k credit limit VS cards being upgraded to VSP like we do with WE lol

+1. WEMC (in the US) has really lost a lot of its exclusivity in the past few years, but that seems to be the trend in general these days. Visa Signatures are handed out like candy too.

Sometimes when people post about getting a VS, my first reaction is "with how freely banks are giving them out, who doesn't have one?"

Re: Visa Signature Preferred?

majortom546 — Tue, 08 Oct 2013 02:52:48 GMT

@mxp114 wrote:
@majortom546 wrote:
I actually just took my card out and looked. It has the standard visa signature logo on it. I have had this card since March, and run about $28k through it.

So you guys know what i'm talking about, here is what is displayed on the transaction record:

And this is the chart that refrenced "D" being Signature Prefferred:

Seems like a Visa specific chart but it's possible VSP doesn't get a plastic reissue and is solely an internal coding for the card. Or could that list of codes just be lender specific and not a Visa global listing? One way to definitively find out is to call Visa, provide your account number and ask them the network tier of your account. If it is VSP, Visa would know.

I believe it is standard for all visa cards. I came accross this link: http://digitaltransactions.net/news/story/1396 that outilnes a change in the way Visa authorizes credit cards back in 2007. The field code 62.23 they are talking about is what this is.

Re: Visa Signature Preferred?

Anonymous — Tue, 08 Oct 2013 02:56:44 GMT

Oddly enough, I had this conversation with an NFCU rep by chance when she was putting in the request to upgrade my cashRewards to the Signature version. I had asked her if the cashRewards Visa Sig benefits were the same as with the Flagship version. I was just curious. To my surprise, she said no. The Flagship has the complete suite of Visa Signature benefits, but the cashRewards only has the concierge benefits. It didn't make sense to me at the time, but then I thought a Visa Sig was a Visa Sig... I guess not after all.

Re: Visa Signature Preferred?

mxp114 — Tue, 08 Oct 2013 02:59:08 GMT

@CreditScholar wrote:
@mxp114 wrote:
@CreditScholar wrote:
Do you know what lenders offer the VSP currently and what the spend threshold is? I read a few years ago that it was supposed to be 50k, but I haven't heard much about it since then.
No idea, but I think we can rule out Chase and Citi. Chase because surely the Palladium would be issued at VSP by default. Citi because we would see myriad threads about $1k credit limit VS cards being upgraded to VSP like we do with WE lol
+1. WEMC (in the US) has really lost a lot of its exclusivity in the past few years, but that seems to be the trend in general these days. Visa Signatures are handed out like candy too.

Sometimes when people post about getting a VS, my first reaction is "with how freely banks are giving them out, who doesn't have one?"

Citi WE means nothing, but Barclaycard WE seems more exclusive. I think the tier dilution is because introduction of new Visa and MasterCard tiers is coming soon. That's what happened when WMC/VS were introduced, Platinum became widely issued and the $5k requirement eliminated. We're seeing the same trend with WMC/VS, issuers going as low as $1k and it has become the de facto tier for nearly every product.

Re: Visa Signature Preferred?

mxp114 — Tue, 08 Oct 2013 03:02:36 GMT

@majortom546 wrote:

I believe it is standard for all visa cards. I came accross this link: http://digitaltransactions.net/news/story/1396 that outilnes a change in the way Visa authorizes credit cards back in 2007. The field code 62.23 they are talking about is what this is.

I know there is coding, for example MWE is the World Elite MasterCard code at MasterCard. I just wonder if this list is issuer specific, it is missing Visa Gold and Visa Platinum. You should call Visa and ask which tier you have. Let us know if you do.

Re: Visa Signature Preferred?

majortom546 — Tue, 08 Oct 2013 03:11:56 GMT

Ill try and see what happens. Does anybody have a phone number for visa? The only one I can find is for reporting lost/stolen cards.

Re: Visa Signature Preferred?

CreditScholar — Tue, 08 Oct 2013 03:12:11 GMT

@mxp114 wrote:
@CreditScholar wrote:
@mxp114 wrote:
@CreditScholar wrote:
Do you know what lenders offer the VSP currently and what the spend threshold is? I read a few years ago that it was supposed to be 50k, but I haven't heard much about it since then.
No idea, but I think we can rule out Chase and Citi. Chase because surely the Palladium would be issued at VSP by default. Citi because we would see myriad threads about $1k credit limit VS cards being upgraded to VSP like we do with WE lol
+1. WEMC (in the US) has really lost a lot of its exclusivity in the past few years, but that seems to be the trend in general these days. Visa Signatures are handed out like candy too.

Sometimes when people post about getting a VS, my first reaction is "with how freely banks are giving them out, who doesn't have one?"
Citi WE means nothing, but Barclaycard WE seems more exclusive. I think the tier dilution is because introduction of new Visa and MasterCard tiers is coming soon. That's what happened when WMC/VS were introduced, Platinum became widely issued and the $5k requirement eliminated. We're seeing the same trend with WMC/VS, issuers going as low as $1k and it has become the de facto tier for nearly every product.

Any ideas on what the requirements for the next tier might be?

Also the US is the worst offender when it comes to dilutions such as these. Here WMC is by invitation only, and the highest publically available tier is platinum (which requires an absolute minimum income of 75-100k). WEMC dosn't even exist.

Re: Visa Signature Preferred?

mxp114 — Tue, 08 Oct 2013 03:35:07 GMT

@majortom546 wrote:
Ill try and see what happens. Does anybody have a phone number for visa? The only one I can find is for reporting lost/stolen cards.

1-800-VISA-911 afaik is the benefits line and they can tell you.

@CreditScholar wrote:

Any ideas on what the requirements for the next tier might be?

Also the US is the worst offender when it comes to dilutions such as these. Here WMC is by invitation only, and the highest publically available tier is platinum (which requires an absolute minimum income of 75-100k). WEMC dosn't even exist.

No idea but have some guesses, nothing confirmed.

I agree on the US, which is probably why Visa USA and Visa's international arm split on the fourth tier being branded as Signature here and Infinite abroad as a way to allow the US market to dilute and foreign to retain prestige. MC possibly ran into the same issue with World Elite vs World Signia however as of last year, unified the offering globally as World Elite.