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CapOne VISA Platinum Upgraded to Signature

LadyAng
Regular Contributor

CapOne VISA Platinum Upgraded to Signature

In my email inbox this morning:

 

"Great news! We’ve upgraded your current Visa Platinum card to a Visa Signature card with new premium benefits.

Your new card is on its way.

     It should arrive within 10 business days—until then, use your current card as usual.

     It will have a new expiration date and 3-digit security code.

 

These key account details are NOT changing:

     Card number

     Credit limit (emphasis is mine. Limit stands at $6k for nearly 3 years)

     Interest rate (APR)

     Billing cycle

     Payment due date"

**************

 

I didn't request this or anything else for this card in about 3 years. Curious, as I thought your limit had to be $10k minimum for Signature. I've been rotating through other cards and, after mothballing this one for over a year, I went back to charging about $1k monthly on this card 4 months ago. 

 

Hit the 36-month mark January 2020! The last HD (mobile phone change) dropped off Nov 2019. BK7 Discharge is 6 yrs post.
Message 1 of 6
5 REPLIES 5
Irish80
Moderator Emeritus

Re: CapOne VISA Platinum Upgraded to Signature


@LadyAngwrote:

In my email inbox this morning:

 

"Great news! We’ve upgraded your current Visa Platinum card to a Visa Signature card with new premium benefits.

Your new card is on its way.

     It should arrive within 10 business days—until then, use your current card as usual.

     It will have a new expiration date and 3-digit security code.

 

These key account details are NOT changing:

     Card number

     Credit limit (emphasis is mine. Limit stands at $6k for nearly 3 years)

     Interest rate (APR)

     Billing cycle

     Payment due date"

**************

 

I didn't request this or anything else for this card in about 3 years. Curious, as I thought your limit had to be $10k minimum for Signature. I've been rotating through other cards and, after mothballing this one for over a year, I went back to charging about $1k monthly on this card 4 months ago. 

 


Congrats on the upgrade.  There is no set credit limit amount for a card to be a ‘Signature’ Visa.  It’s entirely set by the creditor and they prefer cards to be Signature versions because they get higher merchant fees per transaction.  There are  plenty of posters here that have had cards issued as Signature versions from various creditors with limits as low as $500.

Message 2 of 6
joe8185
Valued Contributor

Re: CapOne VISA Platinum Upgraded to Signature

Congratulations! I have one myself, with a CL of $10k. I do know that Penfed has a minimum $5K credit line on their own Signature Visa's.

Ch 7 BK discharged 11/28/14, credit rebuild well advanced. FICO:TU 680 FICO 8 (3/2/19) or 687 FICO 9/EX 694 FICO 8/EQ 685 FICO 8 or 674 FICO 9 (NFCU 3/3/19), VS 3.0 10/17/18: TU 702/EX 699/EQ 698. $92.9k revolving credit as of 1/31/19; $1K NFCU cashRewards Visa, $2K BJ's Perks MC, $5.1k Discover It #1, $6.5k Discover It #2 (new 3/12/18), $3.5k Petal Visa, $6k Paypal 2% CB MC, $6k Amazon Prime Store Card, $6k Walmart Store Card, $7k Apple FCU Platinum Visa, $7k Penfed Power Cash Rewards Visa, $11.8k Overstock Store Card, $15K Care Credit, $16K Cap One QS Rewards Visa Signature, $10k PenFed used car loan, $5k Navient student loan, $12.7k Lending Club loan. Gardening: 3 months, 19 days as of 1/31/19. 24 HP inqs total as of 10/12/18: 10 TU, 9 EQ, 5 EX (about half over 1 year old).
Message 3 of 6
sjt
Senior Contributor

Re: CapOne VISA Platinum Upgraded to Signature


@LadyAngwrote:

In my email inbox this morning:

 

"Great news! We’ve upgraded your current Visa Platinum card to a Visa Signature card with new premium benefits.

Your new card is on its way.

     It should arrive within 10 business days—until then, use your current card as usual.

     It will have a new expiration date and 3-digit security code.

 

These key account details are NOT changing:

     Card number

     Credit limit (emphasis is mine. Limit stands at $6k for nearly 3 years)

     Interest rate (APR)

     Billing cycle

     Payment due date"

**************

 

I didn't request this or anything else for this card in about 3 years. Curious, as I thought your limit had to be $10k minimum for Signature. I've been rotating through other cards and, after mothballing this one for over a year, I went back to charging about $1k monthly on this card 4 months ago. 

 


Congrats!

 

Generally, Visa Signatures are a minimum of $5k and Visa Infinites are $10K.

American Express: Platinum Charge, Optima, Business Gold, Delta Business Platinum, Business Cash
Barclays: Arrival+ WEMC
Capital One: Savor WEMC, Venture X Visa Infinite
Chase: Freedom U Visa Signature, CSR Visa Infinite
Citibank: AAdvantage Platinum WEMC
Elan/US Bank: Fidelity Visa Signature
Credit Union: Cash Back Visa Signature
FICO 08: Score decrease between 26-41 points after auto payoff (11.01.21) EX: 809 / EQ: 824 / TU: 812
Message 4 of 6
longtimelurker
Epic Contributor

Re: CapOne VISA Platinum Upgraded to Signature


@sjtwrote:


Congrats!

 

Generally, Visa Signatures are a minimum of $5k and Visa Infinites are $10K.


As said by Irish, this isn't true anymore for many issuers, from Cap One we have seen both $500 VS and WEMC

Message 5 of 6
sjt
Senior Contributor

Re: CapOne VISA Platinum Upgraded to Signature

Which is why I wrote "generally." 

Amazon Visa and US Bank are the only ones that I know of the issue Siggys less then $5K limits.

American Express: Platinum Charge, Optima, Business Gold, Delta Business Platinum, Business Cash
Barclays: Arrival+ WEMC
Capital One: Savor WEMC, Venture X Visa Infinite
Chase: Freedom U Visa Signature, CSR Visa Infinite
Citibank: AAdvantage Platinum WEMC
Elan/US Bank: Fidelity Visa Signature
Credit Union: Cash Back Visa Signature
FICO 08: Score decrease between 26-41 points after auto payoff (11.01.21) EX: 809 / EQ: 824 / TU: 812
Message 6 of 6
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