CSP Visa Siggy

[NewBreed]

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

[Duncanrr]

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.

[Pat94108]

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?

[TheClub]

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!

[TheClub]

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@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?

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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.

[ac921ol]

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.

[Pat94108]

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@TheClub wrote:

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@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?

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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.

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

[TheClub]

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.

[Anonymous]

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.

[ac921ol]

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?