topic Re: CSP Visa Siggy in Credit Cards

CSP Visa Siggy

NewBreed — Wed, 16 Oct 2013 13:37:38 GMT

I just got my CSP and it is a Visa "Signature"..... Anyone care to tell me why Signature is such a big deal?

Re: CSP Visa Siggy

Duncanrr — Wed, 16 Oct 2013 14:01:42 GMT

All Benefits

Enjoy Your Existing Rewards and Features

Visa Signature is a card that truly does more. All the perks that your Visa Signature card provides are in addition to the points, miles, cash back and other benefits that you earn.

Explore the list of Visa Signature benefits that may be available on your Visa Signature card. Please check with your issuer to see which of the following benefits applies to your card.

Shopping & Security

Cardholder Inquiry Service***

Visa Customer Care Services (VCCS) provides 24-hour emergency services to Visa cardholders around the world.

Emergency Card Replacement and Emergency Cash Disbursement***

Call on Visa when you need an emergency cash advance or a card replacement delivered to you—24 hours a day.

Lost/Stolen Card Reporting***

Enjoy peace of mind knowing that if your Visa Signature card is ever lost or stolen, assistance is only a phone call away.

No Pre-Set Spending Limit*^

No pre-set spending limit gives you additional spending flexibility should you need it, so you can enjoy added peace of mind.

Purchase Security***^

When you pay with your Visa Signature card, your eligible purchases are replaced, repaired or reimbursed for the first 90 days from the date of purchase in the event of theft, damage due to fire, vandalism, accidentally discharged water, or certain weather conditions.

Warranty Manager Service***^

Protect and manage your purchases. Through one convenient service, you can register products and extend manufacturers’ repair warranties.

Year-End Summary Statements

Access a detailed yearly report of your card expenditures (online or print) for convenient budget analysis and financial planning.

Zero Liability**

You're protected from unauthorized use of your Visa Signature card or unauthorized access to account information.

Travel

Auto Rental Collision Damage Waiver***

Receive auto coverage for damage due to collision or theft.

Lost Luggage Reimbursement***^

You’re eligible to receive reimbursement for your losses when you pay for tickets with your covered Visa Signature card.

Roadside Dispatch***^

Rely on 24-hour, toll-free referral dispatch for emergency roadside assistance services like towing, fuel delivery, and more.

Travel Accident Insurance***^

Automatically receive accident insurance coverage for yourself and your family when you pay for travel tickets with your covered Visa Signature card.

Travel and Emergency Assistance Services***^

There are some other benefits: for example, I got free extra movie ticket during the summer.

Re: CSP Visa Siggy

Pat94108 — Wed, 16 Oct 2013 16:53:49 GMT

So the Visa Signature has a no pre set spending limit? How does that report on the CR? Does it report the same way AMex charge cards report?

Re: CSP Visa Siggy

TheClub — Wed, 16 Oct 2013 16:54:45 GMT

All the info you need to know should be listed in the pamphlets that arrived with the card. If not check out https://usa.visa.com/visasignature/index.jsp?ep=v_sym_signature

Congrats on your new card and enjoy it!

Re: CSP Visa Siggy

TheClub — Wed, 16 Oct 2013 16:56:33 GMT

@Pat94108 wrote:
So the Visa Signature has a no pre set spending limit? How does that report on the CR? Does it report the same way AMex charge cards report?

Most have NPSL but the CSP does not. There should be a set spending limit provided by Chase and it will report on your CR.

Re: CSP Visa Siggy

ac921ol — Wed, 16 Oct 2013 17:01:00 GMT

my CSP has a 5k limit. The rewards dont seem that great to me other then 24 hour help, Travel Insurance and Lost Bag Insurance as well as rental car collision stuff.

Re: CSP Visa Siggy

Pat94108 — Wed, 16 Oct 2013 17:02:30 GMT

@TheClub wrote:
@Pat94108 wrote:
So the Visa Signature has a no pre set spending limit? How does that report on the CR? Does it report the same way AMex charge cards report?
Most have NPSL but the CSP does not. There should be a set spending limit provided by Chase and it will report on your CR.

Thanks. how about Capital One ? do you know if they do the same as Chase?

Re: CSP Visa Siggy

TheClub — Wed, 16 Oct 2013 17:34:51 GMT

I'm not sure. Technically all Visa Signature cards are supposed to have NPSL. Due to years of complaints from tons of consumers of no CL reporting, some banks gave in and began to set limits.

It'd be best to check with a CapOne rep before you app.

Re: CSP Visa Siggy

Anonymous — Wed, 16 Oct 2013 17:44:24 GMT

I think there is some confusion here. The Visa Sig is a credit card, not a charge card, and comes with a credit limit. The difference with Sig (and World MC) is that the issuer MAY allow you to charge above the CL. However, the amount that exceeds the CL must be paid back in that cycle, so if your CL is $5K and you charge $6K, you have to pay the $1000 and whatever the minimum payment is on $5K.

The confusion comes in credit reporting. Some banks, noteably Bank of America until recently, didn't report the CL, and this hurt some people. But the card itself really did have a CL.

And to answer the question what is special about the sig: Very little! Signatures outside forums such as these (where many are new or rebuilding) are very common, a $5K limit is not a barrier to most, and banks get higher swipe fees on signatures so are keen to provide them.

Re: CSP Visa Siggy

ac921ol — Wed, 16 Oct 2013 17:50:56 GMT

so your telling me there is no noteable difference with a Platinum Mastercard to a World Mastercard??? or no noteable difference to a Platinum Visa to a Visa Signature??? Travel insurance??? Lost Baggage??? Rental Car??? 24/7 Conceierge?

Re: CSP Visa Siggy

09Lexie — Wed, 16 Oct 2013 17:54:20 GMT

OP,

All Visa CSP's are Signature; all MC CSP's are World

Re: CSP Visa Siggy

Anonymous — Wed, 16 Oct 2013 17:56:07 GMT

There is (probably) some difference. However:

a) Many issuers offer some of these on their lower-level cards anyway

b) You may not find them very useful

c) And some don't work as well as you would hope, having to fill in many forms and argue

My other point is that many many people have these, so it's not a big deal in that sense as well.

Of course, there are some who find them very useful, and call the conceirge about every little thing.

But for me (and therefore for every right-thinking person) not a life-changing thing.

Re: CSP Visa Siggy

09Lexie — Wed, 16 Oct 2013 18:01:18 GMT

The benefit of the CSP Signature or World MC is in the rewards/sign up bonus. The additional 'benefits' that VISA and MasterCard lend to the higher tier cards IMO are subjective. primary rental car coverage, concierge service or travel insurance has never been a selling point in applying for a credit card. I look at what the actual lender will be rewarding me with its usage. Each lender may at its discretion enhance the Signature and WMC/WEMC but they must at least offer the basic provisions as outlined in various links.

Re: CSP Visa Siggy

Pat94108 — Wed, 16 Oct 2013 18:05:43 GMT

@TheClub wrote:
I'm not sure. Technically all Visa Signature cards are supposed to have NPSL. Due to years of complaints from tons of consumers of no CL reporting, some banks gave in and began to set limits.

It'd be best to check with a CapOne rep before you app.

Thanks!

Re: CSP Visa Siggy

jrodzmc09 — Thu, 17 Oct 2013 01:16:40 GMT

Question...

I just got approved for a CSP today, how to I know what will it be? VS or WMC? LOL! Is it like having a girl or a boy kind of deal? You just get what you get and that's it... Someone enlighten me please, I until now thought the CSP was only Visa Siggy.

Re: CSP Visa Siggy

09Lexie — Thu, 17 Oct 2013 01:26:16 GMT

By default, they issue Visa. You have to request the MC version.

Re: CSP Visa Siggy

jrodzmc09 — Thu, 17 Oct 2013 01:37:23 GMT

@09Lexie wrote:
By default, they issue Visa. You have to request the MC version.

Very well.. I did not know that.. and thats why we have the veterans of the credit world.. Thank you Lexie. Btw. Would there be anything to gain out of going WMC? Just wondering, cause this would be my second Visa Siggy. Some diversity might help, dont think I have any MC credit cards at all. :/ except for my bank card.

Re: CSP Visa Siggy

9CLINE — Thu, 17 Oct 2013 01:40:38 GMT

Congrats on new CSP !!!!

Re: CSP Visa Siggy

jrodzmc09 — Thu, 17 Oct 2013 01:44:29 GMT

@9CLINE wrote:
Congrats on new CSP !!!!

Oh! Hey 9CLINE! Thank you! Im in the club now!